Table Trac net income falls amid rising operating expenses

Table Trac has released its financial results for Q3 2025.

In total, revenue came to $2.1m, down slightly from the $2.5m reported this time last year. Cost of sales were down from $700,000 to $600,000, yet gross profit was still down year-over-year, totaling $1.6m compared to last year's $1.8m.

With operating expenses up by almost $100,000 to $1.6m, Table Trac reported a loss from operations this quarter, at around $50,000. This is in comparison to the income of $300,000 reported this time last year.

Overall, net income totaled $58,352, a significant decline from the $292,379 reported for Q3 2024.

For the year-to-date, revenue totaled $8m, a marginal decline of roughly $14,000 compared to last year. Cost of sales was, again, down from last year, totaling $2.1m, though interestingly, gross profit was up year-over-year, making $5.9m compared to last year's $5.7m.

However, with operating expenses increasing by over $470,000, totaling just shy of $5m, income from operations came just behind $1m, compared to $1.2m last year. Net income was much the same, reaching $985,374, a slight decrease from the $1.1m recorded last year.

Basic net income per share was recorded at $0.01, down from the $0.06 reported this time last year. The basic weighted average number of shares outstanding was 4.6 million, roughly a 26,000 increase from last year.

For the year-to-date, net income to common stockholders was $985,374, a slightly less dramatic dip from the $1.1m reported this time last year. The basic weighted average number of shares outstanding was 4.59 million, compared to 4.58 million last year, with basic net income per share sitting at $0.21, down from $0.24.