ark Roberson, Chief Executive Officer and Chief Financial Officer, commented, "PokerTek continues to increase its installed base of gaming tables, ending the year at 253, which represents the highest level in PokerTek's history. This produced increased revenues and an even greater increase in gross margins, driving improved ope rating results and positive EBITDAS. We are pleased with the progress and excited about our growth prospects with the expectation of continued market penetration of PokerPro and the imminent launch of our new Blackjack Pro? product."
PokerTek will release its fourth-quarter-2010 financial results before the market opens next February 24. A conference call and webcast will be held on February 24th at 11:00 AM EST for management to discuss the company's operating performance and strategy for 2011.
EBITDAS is defined as net loss before interest, taxes, depreciation, amortization, share-based compensation expense, and non-cash charges.