Table Trac Inc. said its normalized net income for the third quarter was a loss of $165,170, compared with income of $45,780 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to negative 20.3% from 5.3% in the year-earlier period.

Total revenue declined 6.8% on an annual basis to $811,840 from $870,740, and total operating expenses grew 34.5% on an annual basis to $1.1 million from $814,790.

Reported net income totaled a loss of $182,950, or a loss of 4 cents per share, compared to income of $47,820, or 1 cents per share, in the year-earlier period.