Table Trac Reports Modest Q1 Growth, Eyes Backlog Conversions
Event summary
- Q1 2026 system revenue rose 12% YoY to $1.74M, maintenance revenue up 2% to $1.54M.
- Installed 3 new systems and expanded services at 3 existing customers.
- Backlog includes 3 contracts expected to be installed in Q2 2026.
- Net income increased 24% YoY to $971,489, with EPS at $0.21.
- Other income surged 37% quarter-over-quarter.
The big picture
Table Trac's Q1 2026 results reflect steady growth in its core casino management systems business, with a focus on expanding its customer base and converting backlog contracts. The company's ability to maintain this momentum will depend on its success in securing new installations and diversifying revenue streams beyond system sales and maintenance. The gaming technology sector continues to evolve, with increasing demand for automated and scalable solutions that meet regulatory requirements.
What we're watching
- Backlog Conversion
- Whether the 3 backlog contracts will be installed as planned in Q2 2026, impacting near-term revenue.
- Revenue Diversification
- The sustainability of the 37% increase in other income and its contribution to overall profitability.
- Market Expansion
- The pace at which Table Trac can secure additional new customer installations beyond the current backlog.
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