Transact Technologies Inc - TACT STOCK NEWS

TransAct Technologies Incorporated (Nasdaq: TACT) will announce its third quarter 2022 financial results on November 10, 2022, after market close. A conference call and webcast will be held at 4:30 p.m. ET that day, open to the public. Interested individuals can join the call by dialing 888-394-8218 using conference ID 6552635. The call will also be accessible online at www.transact-tech.com. A replay of the call will be available until November 24, 2022.

TransAct Technologies (Nasdaq: TACT) has been chosen by Sky River Casino in Elk Grove, California, to supply its Epic Edge TITO printers for all slot machines on the casino's gaming floor. The casino aims to enhance the guest experience and selected the Epic Edge for its superior performance. This state-of-the-art printer features high-resolution output and supports new and legacy games, minimizing the need for multiple printer types. Sky River Casino, operated by Boyd Gaming, opened on August 16, 2022, and boasts a vast array of gaming options and dining establishments.

TransAct Technologies (Nasdaq: TACT) announced the launch of two new products at the Global Gaming Expo (G2E) 2022, taking place from October 11-13 in Las Vegas, Nevada. The company will unveil the Epicentral Mobile Host, an iOS solution allowing real-time player rewards, and the Epic 888, a versatile thermal roll printer. Additionally, TransAct will showcase its BOHA! foodservice technology suite. These innovations aim to enhance customer experience and operational efficiency in the gaming and food service industries.

TransAct Technologies (Nasdaq: TACT) will showcase its BOHA! suite at NACS 2022 in Las Vegas from October 2-4, targeting convenience store operators. BOHA! offers FDA-compliant solutions for labeling, food safety, and temperature monitoring, aiding stores in enhancing their fresh food programs. CEO Bart C. Shuldman noted that c-stores are increasingly competing with fast food brands, which can lead to significant profit margins. The exhibition will include demonstrations of on-demand printing and custom labeling capabilities.

TransAct Technologies reported a 35% increase in net sales for Q2 2022, reaching $12.6 million compared to $9.3 million in Q2 2021. FST recurring revenue also rose by 5% to $2.2 million. Despite these gains, the company's operating loss widened to $(3.0) million, up from $(2.7) million last year. Gross profit improved to $5.4 million with a gross margin of 43% compared to 36.8% previously. Paid terminals increased by 38% year-over-year, with projections for strong production and sales in the latter half of 2022.

TransAct Technologies (NASDAQ: TACT) will release its Q2 2022 results on August 17, 2022, after market close. A conference call will follow at 4:30 PM ET, open to the public. Participants can call 201-389-0920, using conference ID 13732413, and are advised to connect ten minutes prior. The live webcast will be accessible at www.transact-tech.com. Archived versions will be available post-call until August 31. TransAct is a leader in software-driven technology for high-growth markets.

TransAct Technologies (NASDAQ: TACT) has announced the rescheduling of its second quarter 2022 financial results and conference call to no later than August 22, 2022. This change is due to a delay caused by the implementation of a new ERP system and a transition in its accounting method for inventory valuation. CEO Bart Shuldman stated that they are working diligently to resolve the issue in compliance with U.S. GAAP.

TransAct Technologies Incorporated (NASDAQ: TACT) will release its second quarter 2022 results on August 10, 2022, after market close. A conference call and webcast will follow at 4:30 p.m. ET, open to the public. Interested parties can join the call by dialing 856-344-9290 with conference ID 7379455, or tune in via the company's website. A replay of the call will be available for two weeks post-event. TransAct is a leader in software-driven technology and printing solutions across various high-growth markets.

TransAct Technologies (TACT) has secured its first BOHA! software enterprise license agreement covering 300 locations for a major foodservice operator. The five-year deal features an average revenue per unit of $950 annually and includes the purchase of 300 BOHA! WorkStation devices. The initial setup for 50 locations will start within three months, while the full rollout is expected within a year. This order marks a record for BOHA! WorkStations, doubling previous sales achievements.

CEO Bart C. Shuldman highlighted this agreement as a pivotal moment in transitioning to a SaaS-based model, showcasing strong demand for BOHA! solutions.