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Table Trac Q1 profit climbs 12.2% YOY

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Table Trac Q1 profit climbs 12.2% YOY

Table Trac Inc. said its normalized net income for the first quarter amounted to 2 cents per share, an increase of 15.0% from 2 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $84,480, a gain of 12.2% from $75,280 in the prior-year period.

The normalized profit margin fell to 6.3% from 6.4% in the year-earlier period.

Total revenue climbed 15.3% on an annual basis to $1.3 million from $1.2 million, and total operating expenses increased 13.8% year over year to $1.2 million from $1.1 million.

Reported net income fell from the prior-year period to $93,200, or 2 cents per share, from $95,500, or 2 cents per share.