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Table Trac announces 2015 Q3 results13 November 2015(PRESS RELEASE) -- Table Trac, Inc., a developer and provider of casino information and management systems that automate and monitor the operations of casinos, today announced financial results for its third quarter of 2015. For the three months ended Sept. 30, 2015, revenues totaled $811,841 compared to $870,744 for the same period in 2014, a decrease of 6.8%. Net loss from operations was $284,411 for the three months ended Sept. 30, 2015 compared to a net income from operations of $55,957 for the same period in 2014. For the nine months ended Sept. 30, 2015, revenues totaled $2,885,461 compared to $2,946,256 for the same period in 2014, a decrease of 2.1%. Net loss from operations was $476,036 for the nine months ended Sept. 30, 2015 compared to a net income from operations of $206,937 for the same period in 2014. As of Sept. 30, 2015 deferred revenue was $2,785,399 which is an increase of $1,694,653 from the balance of $1,090,746 at Dec. 31, 2014. During the nine month period ending Sept. 30, 2015, the Company repurchased 170,849 shares, and retired 50,000 of those shares. The major components of revenues, cost of sales, and selling, general and administrative expenses are discussed in the 10Q. Third Quarter Highlights In the third quarter, the Company delivered one system, and continued to install systems in South America. Most of the revenue for the projects delivered during the quarter was deferred, and will be recurring revenue in future periods. As of Nov. 13, 2015, the Company also has two signed contracts in the process of delivery. |