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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 Incorporated (Nasdaq: TACT) will announce its first quarter 2023 results on May 9, 2023, after the market closes. A conference call will follow at 4:30 p.m. ET, open to the public. Interested parties can join by calling 877-704-4453 and using conference ID 13737812. The call will also be accessible via www.transact-tech.com. An archived version of the call will be available for replay starting two hours after the event, accessible until May 23, 2023. TransAct is known for its software-driven technology and printing solutions across sectors like food service and gaming, having sold over 3.6 million devices globally.
TransAct Technologies Incorporated has appointed John M. Dillon as interim CEO, effective immediately, succeeding Bart C. Shuldman, who resigned after 27 years. Dillon, a seasoned executive and board member since 2011, aims to drive revenue growth and execute the company’s strategic plan. The management reiterated its fiscal 2023 revenue guidance of $70 million to $72 million and adjusted EBITDA of $5.2 million to $5.4 million. Shuldman expressed confidence in Dillon’s leadership, emphasizing the company’s strong position for future growth.
TransAct Technologies, a leader in software-driven technology solutions, has appointed
TransAct Technologies (TACT) reported Q4 2022 net sales of $18.0 million, a 61% increase year-over-year. Casino and Gaming sales surged 123% to $11.0 million, achieving an all-time quarterly high. For the full year, net sales reached $58.1 million, up 48%. Gross profit improved to $8.2 million with a gross margin of 45.8%. Net income for Q4 was $0.3 million or $0.03 per diluted share, compared to a net loss of $(0.8) million in Q4 2021. The company anticipates 2023 revenue between $70-72 million and adjusted EBITDA of $5.2-5.4 million.
TransAct Technologies Incorporated (NASDAQ: TACT) announced its fourth quarter and full year 2022 results will be released after market close on March 8, 2023. A conference call will follow at 4:30 p.m. ET, open to the public. Interested individuals can join via phone at 877-704-4453 with conference ID 13736100, or online at www.transact-tech.com. An archived version will be available after the call until March 22, 2023. TransAct Technologies specializes in software-driven technology and has sold over 3.6 million devices globally, serving high-growth markets like food service and gaming.
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