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Table Trac Q4 loss widens 6.5% YOY

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Table Trac Q4 loss widens 6.5% YOY

Table Trac Inc. said its normalized net income for the fourth quarter came to a loss of 3 cents per share, compared with a loss of 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $146,490, compared with a loss of $137,500 in the year-earlier period.

The normalized profit margin increased to negative 17.1% from negative 25.8% in the year-earlier period.

Total revenue grew 65.4% year over year to $880,580 from $532,320, and total operating expenses climbed 46.3% on an annual basis to $1.1 million from $762,110.

Reported net income totaled a loss of $122,320, or a loss of 3 cents per share, compared to a loss of $157,820, or a loss of 3 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled $424,540, compared with income of $25,190 in the prior year.

Full-year total revenue grew 8.3% year over year to $3.8 million from $3.5 million, and total operating expenses grew 27.8% on an annual basis to $4.5 million from $3.5 million.

The company said reported net income came to a loss of $399,270, or a loss of 9 cents per share, in the full year, compared with income of $33,290, or 1 cents per share, the prior year.