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.
Transact Technologies Inc (TACT) delivers specialized technology solutions for mission-critical operations across gaming, hospitality, and retail sectors. This news hub provides investors and industry professionals with centralized access to official announcements, financial disclosures, and strategic developments.
Discover up-to-date information on product innovations, partnership agreements, and market expansion initiatives. Our curated collection includes earnings reports, regulatory filings, and operational updates directly from TACT leadership, ensuring accurate tracking of the company's progress in POS automation and casino gaming technologies.
Key coverage areas include software platform enhancements, hardware deployment milestones, and consumables supply chain developments. Bookmark this page for streamlined monitoring of TACT's advancements in restaurant technology systems and enterprise-grade printing solutions.
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 An archived version of the call will be available for replay starting two hours after the event, accessible until May 23, 2023.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.
