Table Trac, a developer and provider of casino information and management systems that automate and monitor the operations of casinos, announced financial results for the three and nine months ending September 30, 2023.
The company installed four systems and our distributors expanded our system in new and current locations during the quarter. It had six customer contracts in backlog as of September 30, 2023. The company anticipates that the majority of these contracts will be installed in the next two quarters. As of the filing date of this report, the Company has signed two new contracts.
Maintenance revenue for the quarter was $1.3m compared to $883K in 2022, an increase of approximately 48 per cent. Gross profit for the nine months ending was $5.16m as compared to $4.98m in 2022. Net income for the nine months ending was $1,079,239 as compared to $1,309,642 in 2022.