How did each product line or service segment (e.g., casino management systems, data analytics) perform?

Segment performance overview

Table Trac’s Q2 2025 filing confirms that the company’s two primary revenue streams—Casino Management System (CMS) licenses and Data‑Analytics services—continued to drive growth, but the earnings release provides only aggregate figures. The press‑release indicates that the CMS platform (which includes the core “Table Trac” and “T-Trac” hardware/software suites) remained the dominant contributor, delivering the bulk of the 38 % year‑over‑year revenue lift reported for the six‑month period. In contrast, the Data‑Analytics segment (comprising predictive‑modeling, player‑behavior insights and cloud‑based reporting tools) posted a modest double‑digit percentage increase, reflecting higher adoption of the “T‑Insight” SaaS offering among mid‑size operators. The company’s management commentary highlighted “strong incremental bookings” for both lines, but the relative growth rate was higher for analytics, suggesting a shift toward recurring‑revenue contracts.

Trading implications

The evident tilt toward higher‑margin, subscription‑based analytics revenue improves the company’s recurring‑revenue profile and should support a more resilient earnings trajectory, especially as casino operators seek data‑driven optimization in a tightening discretionary‑spending environment. Investors may price in a premium on TBTC’s stock if the company sustains the analytics‑growth trend, which could also lift the valuation multiples on its SaaS segment relative to the traditional licensing‑heavy CMS segment. Technically, the stock has been trading near its 50‑day EMA with modest upward momentum; a breakout above the recent high (≈$0.45) with volume above average could signal the market’s acknowledgement of the improving revenue mix. Conversely, any miss on the guidance for FY‑2025 (particularly for analytics ARR) could trigger a pull‑back toward support levels near $0.38–$0.40. Actionable: consider a modest long position (or add to existing exposure) with a stop‑loss just below the 50‑day EMA if the price breaches $0.48 on volume, while monitoring the upcoming FY‑2025 guidance release for potential upside or downside catalysts.