table trac inc (TBTC) Key Developments
Table Trac, Inc. Replaces Baker Tilly Virchow Krause, LLP with Boulay, P.L.L.P. as Independent Registered Public Accountants
Apr 10 15
On April 7, 2015, Table Trac Inc. decided to change its independent registered public accountants, and accordingly dismissed Baker Tilly Virchow Krause, LLP. On April 7, 2015, the audit committee approved the engagement of Boulay, P.L.L.P. as the company's independent registered public accounting firm for the year ending December 31, 2015 subject to Boulay's completion of its client acceptance process.
Table Trac Inc. Announces Financial Results for the Year Ended December 31, 2014
Mar 30 15
Table Trac Inc. announced financial results for the year ended December 31, 2014. Revenues decreased from $5,322,364 in 2013 to $3,478,580 in 2014. The decrease of $1,843,784 was due to fewer installations in 2014 as a result of some contracts that were postponed to 2015. The net income for 2014 was $33,290 compared to $580,363 for 2013, which is a decrease of $547,073. Diluted net income per share was $0.01 against $0.12 a year ago.
Table Trac Inc. Expands Operations to Colombia Quintero Group Selects CasinoTrac Management System
Feb 17 15
Table Trac Inc. and Quintero Group board members of the CONNAZAR consortium of operators in Colombia have announced the selection of the CasinoTrac management system to automate, monitor operations and reward the patrons of their casinos. Table Trac will provide the Quintero Group with a complete suite of casino management products that includes reporting and automatic data transmission system specifically developed and tested for compliance with the COLJUEGOS standard, slot auditing, accounting, and patron management, along with marketing and promotional solutions, which assist casinos in creating player loyalty and growing revenues.
Table Trac Inc. Announces Executive Changes
Dec 19 14
On December 15, 2014, Glenn Goulet resigned his position as chief executive officer of Table Trac Inc., effective immediately. Also on December 15, 2014, the board of directors of company appointed Brian Hinchley to serve as interim chief executive officer. Mr. Hinchley currently serves as company's chief financial officer, a position he has held since June 3, 2011.
Table Trac Inc. Announces Financial Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 13 14
Table Trac Inc. announced financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $53,234 or $0.01 per diluted share compared with $155,810 or $0.03 per diluted share for the same period a year ago. The company's revenues totaled $870,744 while net income from operations was $55,957.
For the nine months, the company reported net income of $177,286 or $0.04 per diluted share compared with $351,069 or $0.07 per diluted share for the same period a year ago.