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Transact Technologies Inc - TACT STOCK NEWS

Welcome to our dedicated page for Transact Technologies news (Ticker: TACT), a resource for investors and traders seeking the latest updates and insights on Transact Technologies stock.

Transact Technologies Inc. (TACT) is a global leader in developing software-driven technology and printing solutions tailored to high-growth markets such as restaurant solutions, POS automation, casino and gaming, lottery, mobile, and oil and gas. The company's innovative products and services are designed to meet customer requirements and are marketed under renowned brands like AccuDate™, Epicentral®, Epic®, Ithaca®, Responder, and Printrex®.

With over 3.0 million printers and terminals installed worldwide, Transact Technologies is committed to providing exceptional service, spare parts, and accessories to support its extensive product base. The company’s headquarters are located in Hamden, CT.

Transact's product range includes hardware solutions like printers and terminals as well as software sold under the BOHA, AccuDate, Epic, EPICENTRAL, Ithaca, and Printrex brand names. Their software-driven solutions streamline operations in sectors such as restaurant and hospitality, banking, retail, casino and gaming, point of sale automation, lottery, medical, mobile, oil, and gas markets.

The casino and gaming industry is the primary revenue driver for Transact Technologies, followed by the food service technology market. The company operates in both the United States and international markets, with the bulk of its revenue generated from the United States.

The Transact Services Group enhances customer support by providing a comprehensive range of supplies and consumable items. This focus on customer support ensures that Transact remains a trusted name in the industry.

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TransAct Technologies (TACT) announced that CEO Bart Shuldman will present at the ICR Conference 2022 on January 10, 2022, at 4:30 PM ET. The presentation will be available via webcast on the company's investor relations website. TransAct is recognized for its software-driven technology and printing solutions across several high-growth markets, with over 3.3 million products sold globally. Additionally, one-on-one meetings will be held on the same day.

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TransAct Technologies (TACT) reported third quarter 2021 net sales of $10.6 million, marking a 46% increase year-over-year. Recurring revenue from Food Service Technology (FST) was $2.0 million, up 28% from 2020. The company added over 3,000 paid terminals, reaching a total of 8,749. Notably, sales in the casino and gaming sector surged 100% to $4 million. However, operating loss rose to $(1.6) million compared to $(1.5) million the previous year, and the adjusted net loss was $(1.3) million.

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TransAct Technologies (NASDAQ: TACT) announced the release of its third quarter 2021 results after market close on November 9, 2021. A conference call and webcast will follow at 4:30 p.m. ET, open to the public. Participants can join by calling 1-800-458-4121 with conference ID 8161388. The webcast will be available on their Investor Relations page, with a replay option available until November 23, 2021.

TransAct is recognized for its software-driven technology and printing solutions in sectors like food service and gaming.

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TransAct Technologies (Nasdaq: TACT) is set to showcase its innovative BOHA! Work Station and software at the National Association of Convenience Stores (NACS 2021) event in Chicago from October 5-8, 2021. The BOHA! solution is designed to optimize fresh food operations in convenience stores with FDA-compliant labeling, digital food safety, and inventory management. CEO Bart C. Shuldman highlighted the adaptability of BOHA! for customer needs, aiming to reduce compliance costs and improve operational efficiency.

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TransAct Technologies (Nasdaq: TACT) will showcase its latest innovations, including the Epicentral Mobile Host at the 21st Annual Global Gaming Expo in Las Vegas from October 5-7, 2021. This mobile feature enables casino managers to deliver real-time promotions to players, enhancing engagement and loyalty. The Epic Edge printer, boasting a 300-DPI resolution, improves ticket processing efficiency. TransAct aims to leverage these technologies to drive casino revenue growth and improve player experiences.

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TransAct Technologies (NASDAQ: TACT) announced that Bart Shuldman, Chairman & CEO, and Steve DeMartino, President & CFO, will participate in the Jefferies Virtual Software Conference. Scheduled for September 14-15, 2021, the event includes one-on-one meetings and a virtual presentation on September 15 at 4:00 PM ET. The presentation will be accessible via a live webcast and on the TransAct website.

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TransAct Technologies (Nasdaq: TACT) has successfully closed an underwritten public offering of 732,500 shares at $14.50 each, raising approximately $10.6 million. The offering includes a 30-day option for underwriters to purchase an additional 109,875 shares for overallotments. Proceeds will be used for working capital and enhancing the company's food service technology business, including sales, marketing, and personnel costs. Roth Capital Partners managed the offering, with Craig-Hallum and Barrington Research as co-managers.

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TransAct Technologies (Nasdaq: TACT) has priced a public offering of 732,500 shares of common stock at $14.50 per share, raising approximately $10.6 million before expenses. The offering is set to close on August 16, 2021, subject to standard conditions. Roth Capital Partners is the lead manager, with Craig-Hallum Capital and Barrington Research as co-managers. Proceeds will fund working capital and support growth initiatives in the food service technology sector.

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TransAct Technologies (Nasdaq: TACT) announced its intention to conduct an underwritten public offering of newly issued shares of common stock, with a 30-day option for underwriters to purchase an additional 15% of the shares. Roth Capital Partners is the sole book-running manager, while Craig-Hallum Capital Group serves as co-manager. Proceeds will be used for working capital and general corporate purposes, including development in the food service technology sector. The offering is subject to market conditions, and details will be filed with the SEC.

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TransAct Technologies Incorporated (Nasdaq: TACT) will participate virtually in the D.A. Davidson Bison Select Conference on August 4, 2021, at 9:30 AM ET. Chairman & CEO Bart Shuldman and President & CFO Steve DeMartino will present and engage in meetings throughout the day. The presentation will be accessible via a live webcast and on TransAct’s website. TransAct is a leader in software-driven technology and printing solutions for markets such as food service and gaming, with over 3.3 million devices sold worldwide.

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FAQ

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

The current stock price of Transact Technologies (TACT) is $3.97 as of December 20, 2024.

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

The market cap of Transact Technologies (TACT) is approximately 40.4M.

What does Transact Technologies Inc. specialize in?

Transact Technologies Inc. specializes in developing software-driven technology and printing solutions for high-growth markets such as restaurant solutions, POS automation, casino and gaming, lottery, mobile, and oil and gas.

Under which brands are Transact Technologies' products sold?

Transact's products are sold under brands including AccuDate™, Epicentral®, Epic®, Ithaca®, Responder, and Printrex®.

Where is Transact Technologies headquartered?

Transact Technologies is headquartered in Hamden, CT.

How many printers and terminals has Transact installed worldwide?

Transact Technologies has installed over 3.0 million printers and terminals worldwide.

Which industry is the primary revenue driver for Transact Technologies?

The casino and gaming industry is the primary revenue driver for Transact Technologies.

What geographical segments does Transact Technologies operate in?

Transact Technologies operates in the United States and international markets, with the majority of its revenue coming from the United States.

What is the role of the Transact Services Group?

The Transact Services Group provides customers with a complete range of supplies and consumable items to support their installed product base.

Which software brands does Transact Technologies offer?

Transact Technologies offers software under brands such as BOHA, AccuDate, Epic, EPICENTRAL, Ithaca, and Printrex.

What markets do Transact Technologies' solutions cater to?

Transact Technologies’ solutions cater to markets including restaurant and hospitality, banking, retail, casino and gaming, point of sale automation, lottery, medical, mobile, oil, and gas.

How does Transact Technologies ensure customer support?

Transact Technologies ensures customer support by offering world-class service, spare parts, and accessories, in addition to a range of supplies and consumable items through the Transact Services Group.

Transact Technologies Inc

Nasdaq:TACT

TACT Rankings

TACT Stock Data

40.40M
8.94M
10.71%
61.36%
0.1%
Computer Hardware
Computer Peripheral Equipment, Nec
Link
United States of America
HAMDEN