Welcome to our dedicated page for Transact Tech news (Ticker: TACT), a resource for investors and traders seeking the latest updates and insights on Transact Tech stock.
Company Overview
Transact Technologies Inc (TACT) is a global provider renowned for its innovative, software-driven technology and printing solutions. With a broad portfolio tailored for high-growth markets, the company has positioned itself as a pivotal player within industries that demand precision, reliability, and advanced technological integration. Incorporating keywords such as POS automation, casino and gaming, and restaurant technology, Transact Technologies is committed to addressing complex market needs with comprehensive, customizable solutions.
Products and Services
Transact Technologies develops and markets an extensive range of products that include software solutions, hardware installations, and consumable supplies required for seamless printing and scanning operations. The company’s products are marketed under reputable brand names including AccuDate, EPIC, Epicentral, Ithaca, Printrex, and others. This diversified brand strategy allows the company to serve a wide array of sectors from retail to healthcare with offerings that encompass:
- Software-driven printing solutions
- POS automation and restaurant technology products
- Integrated hardware and supply solutions for casino, gaming, lottery, and mobile applications
- Specialized consumables and spare parts designed to maintain the high performance of its installed base
Market Applications and Operational Excellence
Serving a diverse market spectrum, Transact Technologies is instrumental in industries such as foodservice, casino gaming, retail banking, lottery systems, and oil and gas. The company’s products are engineered from the ground up, aligning closely with customer requirements and industry standards. Its operational excellence is underscored by a significant global installed base, with millions of terminals and printers supporting business operations worldwide. This robust infrastructure is further enhanced by dedicated service groups that ensure efficient distribution of spare parts, consumables, and technical support.
Global Presence and Customer-Centric Focus
Headquartered in Hamden, CT, Transact Technologies operates with a dual focus on the United States and key international markets. The company’s commitment to meeting customer demands is evident in its comprehensive support network and tailored service solutions. By focusing on long-term reliability and quality, Transact ensures that its offerings remain relevant and robust, thereby reinforcing its market position through continuous service excellence and constant innovation.
Competitive Edge and Industry Positioning
The competitive landscape for technology and printing solutions is rigorous, yet Transact Technologies has consistently demonstrated differentiated value through its deep customization capabilities and integrated service offerings. Rather than relying solely on hardware sales, the company's revenue model is bolstered by a mixture of software licensing, maintenance contracts, and a diverse portfolio of consumable products. This multipronged approach not only underpins its sustained market relevance but also offers a clear representation of its expertise and commitment to operational excellence.
Commitment to Expertise and Quality
Transact Technologies’ long-standing reputation is built upon its rigorous approach to product development and customer service. The company’s solutions are a result of meticulous engineering and ongoing enhancements that are executed in collaboration with industry professionals. Every product and service line is developed with extensive customer feedback and market insights, ensuring that each solution meets high standards of quality and performance. This strategic focus on technical excellence, combined with strong customer support, has reinforced the company’s role as a trusted solution provider in the industry.
TransAct Technologies (TACT) reported preliminary Q4 and full year 2024 results, with Q4 net sales of $10.2 million, down 23% year-over-year. The company sold over 1,600 terminals in Q4 2024, achieving an eight-quarter CAGR of 42% - the highest quarterly number since 2020.
Q4 2024 highlights include a net loss of $(8.0) million, or $(0.79) per share, including a $7.3 million non-cash tax charge. FST recurring revenue was $2.7 million, down 15% year-over-year. Gross profit margin decreased to 44.2% from 48.0% in Q4 2023.
For full year 2024, net sales declined 40% to $43.4 million, with a net loss of $(9.9) million. Looking ahead, TransAct projects 2025 net sales between $47-52 million and adjusted EBITDA between $0 and negative $2.0 million. The company's strategic review process remains active as management focuses on increasing shareholder value.
TransAct Technologies (Nasdaq: TACT) has announced it will release its fourth quarter and full year 2024 financial results after market close on March 13, 2025. The company will host a conference call and webcast at 4:30 p.m. ET on the same day.
Investors can access the live call via phone at 877-704-4453 (Conference ID: 13751789) or through the company's website. A replay will be available approximately 2 hours after the call until March 27, 2025, at 844-512-2921 with the same pin.
TransAct Technologies (Nasdaq: TACT) released preliminary financial results for Q3 2024, reporting net sales of $10.9 million, down 6% sequentially and 37% year-over-year. The company sold 1,355 BOHA! Terminals in the quarter and added 12 new FST customers, contributing to 2,400 potential Terminal 2 sales opportunities. Despite these gains, the company faced a net loss of $(551) thousand or $(0.06) per diluted share, compared to a net income of $906 thousand or $0.09 per diluted share in Q3 2023. Gross profit was $5.2 million with a 48.1% margin, down from $8.9 million and a 51.9% margin in Q3 2023. EBITDA was negative $(533) thousand, and adjusted EBITDA was negative $(204) thousand. The company maintains its full-year 2024 net sales outlook at $43-$45 million and adjusted EBITDA between negative $1 million and negative $2 million.
TransAct Technologies (Nasdaq: TACT) announced it will release its third quarter 2024 financial results after market close on November 7, 2024. The company will host a conference call and simultaneous webcast at 4:30 p.m. ET the same day. The conference call will be accessible via phone (877-704-4453, ID: 13749888) and through their website. A replay will be available until November 21, 2024, at 844-512-2921 with the same PIN.
TransAct Technologies (Nasdaq: TACT) announced its participation in two major Las Vegas events: NACS 2024 and G2E 2024, from October 8th to 10th. At NACS, TransAct will showcase its BOHA!® suite for convenience store fresh food operations at booth #C6463, featuring the new BOHA! Terminal 2 and various labeling solutions.
At G2E 2024, TransAct will present its Epic casino & gaming printers, Epicentral promotional software, and BOHA! foodservice technology at booth #2423. The company will highlight its Epicentral SE solution integrated with CasinoTrac's SlotSUITE. Recent deployment results show significant improvements in carded play (58.6% increase), rated coin-in (21% increase), and overall coin-in (3% increase).
CasinoTrac and TransAct have reported impressive results from a six-month deployment of their SlotSUITE system, powered by Epicentral SE, at a large regional casino in the American Southwest. The implementation, covering over 2,500 games, showed significant improvements in key performance areas:
- Carded/Rated Play increased by 58.6%, from 17% to 29%
- Rated Coin-In rose by 21% on upgraded games
- Overall Coin-In increased by 3% across the entire floor
- Rated WPU (Win Per Unit) grew by 39% on SlotSUITE-enhanced games
- Overall WPU increased by 8% across the entire gaming floor
The SlotSUITE system integrates TransAct's Epicentral SE with CasinoTrac's PromoTrac, offering a single-wire solution for enhanced player engagement and streamlined operations.
TransAct Technologies (Nasdaq: TACT) announced preliminary financial results for Q2 2024, with net sales of $11.6M, a 9% sequential increase but a 42% decline YoY. The company sold 1,500 terminals, up 64% sequentially, and added 13 new customers to its BOHA! platform.
FST recurring revenue was $2.8M, up 15% sequentially and 12% YoY. The gross profit was $6.1M with a 52.7% margin. However, the operating loss was $(438)K, an improvement from Q1 2024's $(1.3)M loss, but down from Q2 2023's $1.2M income. Net loss stood at $(319)K, improving from $(1.0)M in Q1 2024 but down from $765K in Q2 2023. Adjusted net loss was $(319)K, compared to $2.2M adjusted net income YoY.
EBITDA was negative $190K, while adjusted EBITDA was $89K. For the full year 2024, TransAct expects net sales between $45M and $50M and adjusted EBITDA between negative $1M and negative $2M, improving from prior estimates.
TransAct Technologies (Nasdaq: TACT), a leader in software-driven technology and printing solutions for high-growth markets, has announced its plans to release second quarter 2024 results on August 8, 2024, after market close. The company will host a conference call and simultaneous webcast at 4:30 p.m. ET on the same day.
Investors and interested parties can access the call via phone (877-704-4453, conference ID: 13747949) or through the company's website. An archived version of the webcast will be available for replay, and a call replay will be accessible until August 22, 2024. This announcement provides shareholders and analysts an opportunity to review TransAct's financial performance and engage with management.
TransAct Technologies (Nasdaq: TACT) has announced that Jet Food Stores, a Georgia-based convenience store chain, has selected the BOHA! Terminal 2 for deployment across all 42 of its locations offering fresh food. The rollout, expected to be completed by September, will involve 47 BOHA! Terminals used for date code and Grab n' Go labeling. TransAct anticipates an Average Revenue Per Unit (ARPU) of approximately $1,500.
John Dillon, CEO of TransAct, emphasized that the BOHA! suite of products is ideal for businesses serving fresh food to go, helping reduce labor and waste across operations. The deployment at Jet Food Stores showcases the speed and flexibility of BOHA! Terminal 2, enabling employees to save time and maintain compliance with FDA labeling requirements.
TransAct Technologies (NASDAQ: TACT) has announced the successful deployment of its Epicentral® Promotion and Bonusing system across 200 games in two Macau resorts. This installation, for a leading casino operator, is the first in Asia for Epicentral®. The system, integrated with Epic Edge® and Epic 950® TITO printers, enhances player engagement by printing intelligent promotional offers directly at the gaming stations. This deployment aims to increase player spending, extend time-on-device, and boost customer loyalty, ultimately driving higher revenue for the casinos. John Dillon, CEO of TransAct, emphasized the system's strategic benefits for casino operators.
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