Recent developments include the company reporting year-end 2025 results, introducing patent-pending AI technology for table games, announcing quarterly and special dividends, a CEO transition, and expanding installations across multiple regions.

• Table Trac reported year-end results for 2025, highlighting financial performance and operational updates [N1].
• The company introduced patent-pending artificial intelligence technology for table games in March 2026 [N2].
• Table Trac announced quarterly dividends in February 2026 and prior quarters, reflecting ongoing shareholder returns [N3, N7].
• A special cash dividend was announced in January 2026 [N4].
• Randy Gilbert was appointed CEO effective January 1, 2026, while continuing as CFO [N5].
• The company expanded its CasinoTrac system installations to eight new customers in 2025 across Nevada, New Mexico, Washington, the Caribbean, and Panama [S1].
• Table Trac continues active participation in key industry trade shows including the Indian Gaming Association and Global Gaming Expo [S1].
• The company reported third quarter 2025 earnings and other quarterly results during 2025 [N6, N8].

Table Trac has demonstrated the ability to expand its market presence with installations at new customers across multiple U.S. states and international locations. The introduction of patent-pending artificial intelligence technology for table games represents a potential enhancement to its product offerings. The company maintains strong liquidity with a high current ratio and cash reserves, supporting operational stability. Regular dividend payments and a recent CEO transition indicate active management and shareholder returns. Its broad product suite and ongoing participation in key industry trade shows support continued customer engagement and potential for incremental sales.

The gaming management industry is highly competitive with many larger players possessing greater resources and brand recognition. Table Trac’s revenues depend heavily on leasing and licensing arrangements, which can be subject to unpredictable order flows and long sales cycles. The company faces risks from technological obsolescence if it cannot keep pace with rapid industry advances. Regulatory requirements and licensing pose ongoing compliance risks. Economic downturns, geopolitical events, or public health crises affecting casino operations could reduce customer spending and impact Table Trac’s financial results. Contract enforcement challenges exist in Native American and foreign jurisdictions due to sovereign immunity. Manufacturing disruptions or cost increases could also adversely affect operations.

Table Trac’s moat derives from its patented proprietary technology automating casino table game operations and its comprehensive, integrated Casino Management System that meets strict regulatory and auditing requirements. The company’s open architecture and modular design enable flexible integration with third-party systems, enhancing customer appeal. Its established relationships with over 115 casino operators and presence in more than 300 casinos worldwide provide a broad installed base and recurring maintenance revenue streams. The company’s patents and trademarks protect its technology, while its specialized focus on casino management systems and regulatory compliance creates barriers to entry. However, the industry’s rapid technological change and intense competition require ongoing innovation to sustain these advantages.

• Competitive Pressure and Technological Change: The company operates in a highly competitive environment with rapid technological advances. Failure to innovate or adapt could adversely impact business and financial condition.
• Regulatory and Licensing Risks: Gaming industry regulations require licensing and certification. Loss or failure to obtain licenses could materially affect operations.
• Economic and Market Risks: Adverse economic conditions, geopolitical events, or public health crises could reduce casino customer traffic and spending, impacting revenues.
• Contract Enforcement Risks: Contracts with Native American tribes and foreign jurisdictions may be difficult to enforce due to sovereign immunity, limiting remedies in case of disputes.
• Manufacturing and Supply Chain Risks: Disruptions in manufacturing or increased costs could impair the company’s ability to meet demand and affect profitability.
• Order Flow and Revenue Volatility: Unpredictable order flows and long sales cycles can cause significant fluctuations in results from period to period.
• Human Capital Risks: Competition for qualified personnel is intense; loss or inability to recruit key staff could adversely affect business performance.
• Cybersecurity Risks: Dependence on software and IT systems exposes the company to cyber incidents that could disrupt operations or cause financial loss.

• Table Trac, Inc. is a Nevada corporation formed in 1995 with principal offices in Minnetonka, Minnesota [S1].
• The company develops and sells proprietary casino management systems, including the patented Table Trac system that automates and monitors casino table game operations [S1].
• Table Trac offers a unified Casino Management System (CMS) providing end-to-end casino resort functionality such as guest rewards, loyalty marketing, marketing analysis, guest service, promotions, administration, vault/cage management, and audit/accounting [S1].
• The company sells and leases systems and technical support to casinos, with an open architecture designed to interconnect with most third-party software and hardware [S1].
• Key products include modules for player tracking, kiosk promotions, vault and cage controls, and ancillary products like DataTrac, KioskTrac, KioskTrac Mobile, SlotSUITE, and RePrintEnroll kiosks [S1].
• As of end 2025, Table Trac had systems installed with ongoing support and maintenance contracts with over 115 casino operators in more than 300 casinos worldwide, including the U.S., Australia, Caribbean, Central and South America [S1].
• Sales to U.S. customers represented approximately 85.7% of total revenues for the three months ended June 30, 2025 [S2].
• The company holds gaming licenses in multiple U.S. states including California, Iowa, Kansas, Louisiana, Maryland, Minnesota, Mississippi, Nevada, West Virginia, and Wisconsin [S1].
• Table Trac designs and manufactures its own slot machine interface boards using third-party electronics assembly firms and maintains relationships with various third-party manufacturers [S1].
• The company had 32 full-time employees as of December 31, 2025 [S1].
• Table Trac faces intense competition in the gaming management industry characterized by dynamic customer demand and rapid technological advances, requiring continuous product innovation and adaptation [S1].
• The company’s revenues derive mainly from leasing, licensing, selling, and financing arrangements of gaming products [S1].
• The company’s revenue for the fiscal year ended December 31, 2025 was approximately $11.05 million, with net income of about $1.63 million and basic and diluted EPS of $0.35 per share [S1].
• As of December 31, 2025, Table Trac had cash and cash equivalents of approximately $8.24 million, current assets of about $13.27 million, current liabilities of $493,134, resulting in a current ratio of 26.92 and a cash ratio of 16.7 [S1].
• The company’s balance sheet as of September 30, 2025 showed total assets of approximately $13.64 million and total stockholders’ equity of about $12.25 million [S2].
• Revenues for the three months ended September 30, 2025 were $2.14 million, with gross profit of $1.57 million and operating expenses including selling, general and administrative expenses of $1.62 million [S2].
• Table Trac recognizes revenue from multiple sources: system sales, maintenance contracts, service and other revenues, and lease revenues, with maintenance revenue representing the largest portion (about 68.8% for Q3 2025) [S2].
• The company’s revenue recognition involves significant judgment regarding performance obligations and collectability, with some contracts not meeting collectability criteria and revenue recognized as payments are received [S2].
• Table Trac has introduced patent-pending artificial intelligence technology for table games as of March 2026 [N2].
• The company announced a CEO transition effective January 1, 2026, with Randy Gilbert appointed CEO while continuing as CFO [N5].
• Table Trac has announced quarterly dividends regularly and special cash dividends in early 2026 [N3, N4].
• The company expanded its presence in Nevada, New Mexico, Washington, the Caribbean, and Panama by installing CasinoTrac systems at eight new customers in 2025 [S1].
• Table Trac participates actively in industry trade shows and conferences such as the Indian Gaming Association Trade Show, Oklahoma Indian Gaming Association Trade Show, and Global Gaming Expo (G2E) [S1].