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Table Trac, Inc. Announces Year End Results for 2019MINNETONKA, Minn., March 24, 2020 /PRNewswire/ -- Table Trac, Inc. (OTCQX: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos, announced financial results for the year ended December 31, 2019. The 10-K can be found @ http://www.sec.gov Year End Highlights
Revenues from service and other sales increased from $229,704 in 2018 to $1,415,947 in 2019. Ongoing maintenance revenue increased from $2,635,122 in 2018 to $2,829,740 in 2019, a 7% increase of approximately $195k, due to high customer retention along with new accounts added during 2019. Total operating expenses increased from $4,611,097 in 2018 to $4,853,767 in 2019 a 4.7% increase of approximately $219k. This increase was primarily a result of the Company's increased sales and marketing efforts The net income for 2019 was $805,998 compared to net income of $514,965 for 2018. About Table Trac, Inc. Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed in North, South, and Central America, as well as the Caribbean. More information is available at http://www.tabletrac.com/. Forward Looking Statements This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission. For more information:
View original content:http://www.prnewswire.com/news-releases/table-trac-inc-announces-year-end-results-for-2019-301029348.html SOURCE Table Trac, Inc. |