Transact Technologies Inc - TACT STOCK NEWS

TransAct Technologies, a leader in software-driven technology, will release its Q2 2021 results post-market on August 3, 2021. A conference call and webcast will take place at 4:30 p.m. ET, accessible to the public via phone or online. Participants should call in 10 minutes early, using conference ID 8684634. A replay will be available for two weeks post-call. TransAct provides solutions across various industries, having sold over 3.3 million devices worldwide, and is based in Hamden, CT.

TransAct Technologies (Nasdaq: TACT) reports momentum in its BOHA! Restaurant Operations Platform with 16 new accounts representing 69 locations across the U.S. The company anticipates full deployment of the BOHA! systems by the end of 2022. Notable growth includes 18 BOHA! ROP systems with an average ARPU of $1,500 and an additional 51 BOHA! systems averaging $900 ARPU. The platform integrates various applications for food service efficiency, and the company aims to enhance operations for small to medium-sized businesses in the food sector.

TransAct Technologies (Nasdaq: TACT) has secured a new agreement to deploy its BOHA! system with a national restaurant chain across at least 90 locations by the end of FY22. This deployment aims to streamline date code and grab n’ go labeling processes, anticipating an annual recurring revenue of $1,000 per unit and one-time hardware sales of $800 per location. The BOHA! system integrates multiple functionalities to enhance operational efficiency in back-of-house restaurant management. The company remains optimistic about growth opportunities in the restaurant sector.

TransAct Technologies (Nasdaq: TACT) announced its participation in two virtual investor conferences. Bart Shuldman, Chairman & CEO, will engage in virtual meetings at the Barrington Research Virtual Spring Investment Conference on May 27, 2021. Additionally, he will present at the East Coast IDEAS Investor Conference on June 16, 2021, with the presentation available at www.IDEASconferences.com. TransAct Technologies specializes in software-driven technology and printing solutions across high-growth markets.

TransAct Technologies announces the passing of Board Member Thomas R. Schwarz, who served for over 24 years. Bart Shuldman, Chairman and CEO, expressed deep gratitude for Tom's leadership, innovation, and mentorship during his tenure, highlighting his significant contributions to the company. Tom previously held CEO roles at Grossmans and Dunkin' Donuts. TransAct is a leader in software-driven technology and printing solutions across various high-growth markets, committed to customer-centric innovations.

TransAct Technologies (TACT) announced its preliminary Q1 2021 results, revealing a net sales decrease of 19% to $8.3 million compared to Q1 2020. However, Food Service Technology (FST) revenues surged 100% year-over-year, with recurring revenue up 96%. The total number of paid terminals rose by 124% to 7,009. Despite this, the company faced an operating loss of $(2.7) million and a net loss of $(2.2) million, which is worse than the prior year's losses. CEO Bart C. Shuldman expressed optimism about recovery in the casino and gaming markets.

TransAct Technologies Incorporated (Nasdaq: TACT) will release its first quarter 2021 results on May 6, 2021, after market close. A conference call and webcast will occur at 4:30 p.m. ET, open to the public. Participants can dial in at 888-254-3590 (conference ID 1827739), and are advised to connect ten minutes early. The call will be available online at www.transact-tech.com. A replay will be accessible starting two hours post-call until May 20, 2021, using the number 844-512-2921 (pin 1827739). The company specializes in software-driven technology and printing solutions for various markets.

TransAct Technologies (Nasdaq: TACT) has announced a significant upgrade order for its BOHA! Solutions from an existing food service customer. The customer will implement the BOHA! Temp app across over 1,000 locations by the end of December 2022, transitioning from paper-based HACCP procedures to a digital management system. This upgrade is expected to enhance temperature management and provide real-time insights, improving operational efficiency. TransAct aims to assist food service operators in streamlining back-of-house operations with its integrated BOHA! platform, which combines various applications for food safety and management.

TransAct Technologies (TACT) reported preliminary results for Q4 and full-year 2020, facing challenges amid the pandemic. Q4 net sales fell 30% to $7.8 million from $11.2 million in Q4 2019. Despite this, FST recurring revenue rose 37% year-over-year, reaching $0.9 million. The number of paid terminals increased significantly by 107% to 5,688. For the full year, net sales dropped 33% to $30.6 million, with a net loss of $5.6 million, or $(0.72) per share. TransAct's focus remains on leveraging its BOHA! solutions and growing its Casino and Gaming market.