Table Trac, Inc. Announces Third Quarter 2012 Financial Results
MINNETONKA, Minn., Nov. 13, 2012 /PRNewswire/ -- Table Trac, Inc.
(OTCQB: TBTC), 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
2012.
Third Quarter Highlights
In the third quarter 2012, Table Trac signed two contracts and
installed its casino management system at five casinos. The
contracts were signed with the Delaware Nation for its property,
Casino Oklahoma, in Hinton,
Oklahoma; and with Thunderbird Resorts in Peru, representing four casinos, including
Luxor Lima, Luxor Tacna, Mystic Slots in Cusco, and the El Dorado
Maynes. Table Trac's system in Peru is an interconnected computerized system
in real-time with a connection to the Peru government's Ministry of Foreign Trade
and Tourism and the National Superindence of Tax Administration.
This contract brings the total number of casinos in Peru using Table Trac's casino management
system to five.
At the end of the third quarter the Company had no System
installations in backlog and is now providing casino management and
table games management system to 43 casinos worldwide.
The Company also showcased its products and technologies at the
Oklahoma Indian Gaming Association trade show and conference in
Oklahoma City.
The following table provides a reconciliation of the numerators
and denominators used in calculating basic and diluted earnings per
share for the three months ended September
30, 2012 and 2011:
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|
Three Months Ended September
30,
|
|
|
Nine Months Ended
September 30,
|
|
|
2012
|
|
2011
|
|
|
2012
|
|
2011
|
Basic
earnings (loss) per share calculation:
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
$
|
(4,371)
|
$
|
45,569
|
|
$
|
(198,570)
|
$
|
(435,888)
|
Weighted
average number of common shares outstanding
|
|
4,744,305
|
|
4,699,892
|
|
|
4,718,904
|
|
4,634,884
|
Basic net
income (loss) per share
|
$
|
(0.00)
|
$
|
0.01
|
|
$
|
(0.04)
|
$
|
(0.09)
|
|
|
|
|
|
|
|
|
|
|
Diluted
earnings (loss) per share calculation:
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
$
|
(4,371)
|
$
|
45,569
|
|
$
|
(198,570)
|
$
|
(435,888)
|
Weighted
average number of common shares outstanding
|
|
4,744,305
|
|
4,699,892
|
|
|
4,718,904
|
|
4,634,884
|
|
|
|
|
|
|
|
|
|
|
Common
stock equivalents:
|
|
|
|
|
|
|
|
|
|
Stock
options
|
|
(1)
|
|
(1)
|
|
|
(1)
|
|
(1)
|
Weighted
average diluted shares outstanding
|
|
4,744,305
|
|
4,699,892
|
|
|
4,718,904
|
|
4,634,884
|
Diluted
net Income (loss) per share
|
$
|
(0.00)
|
$
|
0.01
|
|
$
|
(0.04)
|
$
|
(0.09)
|
|
|
|
|
|
|
|
|
|
|
(1) Stock
options outstanding of 70,000 were not included in the calculation
as they would have been anti-dilutive.
|
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
Statements made in this press release, including statements
regarding events and financial trends that may affect our future
operating results, financial position and cash flows, may
constitute "forward-looking statements" within the meaning of the
federal securities laws. These certain statements are based on our
assumptions and estimates and are subject to risks and
uncertainties. You can identify these forward-looking statements by
words like "strategy," "expects," "plans," "believes," "will,"
"estimates," "intends," "projects," "goals," "targets" and other
words of similar meaning. You can also identify them by the fact
that they do not relate strictly to historical or current facts.
For these statements, we claim the protection of the safe harbor
for forward-looking statements provided by the Private Securities
Litigation Reform Act of 1995.
For further information on factors that could impact Table Trac
and statements contained in this press release, reference should be
made to Table Trac's filings with the Securities and Exchange
Commission, including quarterly reports on Forms 10-Q, current
reports on Form 8-K and annual reports on Form 10-K. You can access
such filings at http://www.sec.gov.
For More Information
Glenn
Goulet, CEO
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Table
Trac, Inc.
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Phone:
(952) 548-8877
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SOURCE Table Trac, Inc.