Table Trac Q3 2023: Revenue down 20.2%

Table Trac has reported its third quarterly results and nine-month results for 2023， revealing a 20.2% decrease in revenue - down to $1.8m when compared to the same period in 2022.

Additionally， for the three months ended 30 September 2023， of that revenue， system revenue dropped from $1.1m to $211，775; maintenance revenue increased from $882，861 to $1.3m and service， and other revenues increased by 7% to $318，171.

Income from operations also more than halved to $115，141， dropping 66.3% year-on-year.

Furthermore， net income also dropped drastically from $290，126 to $171，998.

This led to a decrease in gross profit dropping 2% to $1.4m when compared to Q3 2022.

Overall， total cost of sales dropped by 50.5% to $428，Online Casino Games for Real Money800. Meanwhile， maintenance slightly rose from $225，179 to $239，609.

During this period， net income per share also decreased from $0.06 to $0.04.

During the nine months， revenue dropped from $8.1m to $$6.6m. Cost of sales decreased from $3.1m to $1.4m， resulting in a gross profit increase of 3.5% to $5.2m.

Breaking down this revenue during the nine months， system revenue dropped from $4.8m to $1.9m; maintenance revenue increased from $2.5m to $3.8m; and service and other revenue also increased from $812，872 to $884，692.

However， despite the slight increase in gross profit， net income dropped from $1.3m to $1.1m during the nine-month period. Additionally， diluted net income per share dropped from $0.29 to $0.23.