Table Trac, Inc. designs and sells casino table game management systems, including installation, training, and support across the Americas, Japan, and Australia.
Revenue is under USD 0.01B with roughly 20% net margins, but recent quarterly operating income turned negative.
Niche casino software with gross margins above 70%, but tiny scale and switching costs may be limited.
Key events, in time order
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The author is updating their thesis on $TBTC after speaking with the CEO, following a strong weekly performance. The discussion is framed as a fundamental thesis update.
Main discussion
Substack subscription pricing is being increased starting Monday. If you like my research and ideas consider subscribing. Next week I have some updates coming to my $TBTC thesis as I will be speaking to their CEO, and in the coming weeks I have a new stock pitch I have been worki
$TBTC closed the week up ~18%. Great week.
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