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Transact Tech - TACT STOCK NEWS

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.

Rhea-AI Summary

TransAct Technologies (Nasdaq: TACT) announced a significant international market win, selling BOHA!® Terminal 2 to 200 locations in Italy.

This marks the fifth international market for the BOHA!® Terminal 2, joining Canada, Germany, Poland, and Saudi Arabia. Italy represents an additional opportunity for up to 500 more sales. The product is also being tested in other countries, potentially reaching 3,500 new locations.

CEO John Dillon highlighted increasing recognition of BOHA!® Terminal 2's cost benefits and superior user experience, signaling a shift from competitors to TransAct's solutions.

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TransAct Technologies (NASDAQ: TACT) has provided an update on its strategic business review, conducted with the help of Roth Capital Partners. The company is exploring various strategic alternatives, including potential sales or new growth strategies. An independent committee has been formed to evaluate these options. CEO John Dillon highlighted the stable growth prospects of the company's casino business and the expansion of its FST business, despite losing the 7-Eleven label business. Notably, a large global QSR client has procured over 1,000 units of their new BOHA! Terminal 2 this year. The company remains committed to both external strategic initiatives and internal operational improvements.

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TransAct® Technologies Incorporated (Nasdaq: TACT) will showcase its BOHA!® suite at the National Restaurant Association Show 2024, featuring industry-leading hardware and software solutions for food service operations. The event, from May 18 to May 21, 2024, in Chicago, will highlight BOHA! products like date code labeling and temperature monitoring. The CEO highlighted the technology's role in enhancing efficiency and compliance in the evolving food service industry.

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TransAct Technologies reported preliminary financial results for the first quarter of 2024, highlighting net sales of $10.7 million, a 52% decrease from the same period in 2023 due to market dynamics. The company also reported FST recurring revenue of $2.4 million, a 3% increase from 2023. However, gross profit decreased to $5.6 million with a gross margin of 52.6%. Operating income was a loss of $(1.3) million, and net loss was $(1.0) million. EBITDA and Adjusted EBITDA were negative as well. TransAct Technologies expects full-year 2024 total net sales between $45 million and $50 million and adjusted EBITDA between negative $2.5 million and negative $3.5 million.

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TransAct Technologies (TACT), a global leader in software-driven technology and printing solutions, will release its first quarter 2024 results on May 7, 2024. The company will host a conference call and webcast at 8:30 p.m. ET on the same day. Interested parties can access the call and webcast online or via phone.

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TransAct Technologies Incorporated (Nasdaq: TACT) reported a 26% decrease in net sales for the fourth quarter of 2023, with varying sales performance in different sectors. The company highlighted positive growth in Food Service Technology sales but a decline in Casino and Gaming sales. The CEO expressed confidence in the company's transition and the potential for growth in 2024. Financially, there was a decrease in net income and EBITDA for the fourth quarter, although full-year results showed improved net sales, gross profit, and operating income compared to 2022.
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TransAct Technologies Incorporated (Nasdaq: TACT) will release its Q4 and full year 2023 results on March 12, 2024, with a conference call and webcast open to the public. Details for accessing the call and webcast are provided in the press release.
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TransAct Technologies Incorporated (Nasdaq: TACT) has announced a new order for the BOHA! Sense software application across all 87 owned communities of a new assisted living customer. The deployment includes 1,200 sensors, 240 Gateways, and ongoing access to BOHA! Sense for real-time temperature monitoring. This will allow medical staff to ensure medication storage at required temperatures and monitor food storage and safety standards. CEO John Dillon expressed satisfaction with the custom-tailored program for the new client, highlighting TransAct's commitment to innovation and customer needs.
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TransAct Technologies Incorporated (TACT) gains approval from a leading QSR to sell its newest BOHA! Terminal 2 to the U.S. domestic market, representing an opportunity of more than 10,000 locations. The company began shipping pre-orders and stocking orders in the U.S. and multiple international markets before the end of 2023. This follows previously announced overseas approval on the Company’s Third Quarter 2023 earnings call. TransAct has expanded the capabilities of BOHA! from supporting just three languages to supporting over ten, giving the company the ability to distribute BOHA! T2 in fifteen countries. Positive reactions and pre-orders have been received from the operator community in both the U.S. and abroad, presenting an exciting opportunity as the company enters 2024.
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TransAct Technologies Inc (TACT) reported a 4% decrease in net sales to $17.2 million for Q3 2023. Casino and gaming sales were up 17% to $9.0 million, while food service technology (FST) sales increased by 13% to $4.2 million. The company also announced its intention to engage an advisor to determine its long-term strategy. The Q3 financial outlook forecasts total net sales of $72.5-73.5 million and total adjusted EBITDA of $9.5-10.0 million for 2023.
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FAQ

What is the current stock price of Transact Tech (TACT)?

The current stock price of Transact Tech (TACT) is $3.49 as of April 4, 2025.

What is the market cap of Transact Tech (TACT)?

The market cap of Transact Tech (TACT) is approximately 35.1M.

What core products does Transact Technologies offer?

Transact Technologies develops software-driven printing and technology solutions including POS systems, printing hardware, and consumable supplies for multiple market segments.

Which industries benefit from Transact Technologies' solutions?

The company serves diverse sectors such as casino gaming, restaurant technology, retail, lottery systems, healthcare, and oil and gas, among others.

How does Transact generate its revenue?

Revenue is primarily generated from software licensing, hardware installations, and the sale of consumable supplies and spare parts that support its extensive installed base.

Under which brand names does Transact Technologies market its products?

Their products are sold under several iconic brands including AccuDate, EPIC, Epicentral, Ithaca, Printrex, and others, reflecting a diversified brand strategy.

What distinguishes Transact Technologies in its competitive landscape?

Their unique blend of customized technology solutions, comprehensive service support, and a diversified revenue model that spans software, hardware, and consumables sets them apart.

What is the geographical focus of the company?

The company operates on both domestic and international levels, with a significant focus on the United States, supported by an extensive global network of installations.
Transact Tech

Nasdaq:TACT

TACT Rankings

TACT Stock Data

35.08M
8.95M
11.15%
64.05%
0.08%
Computer Hardware
Computer Peripheral Equipment, Nec
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United States
HAMDEN