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.
TransAct Technologies Incorporated (Nasdaq: TACT) announced its first BOHA! ROP order for thirteen restaurants under a multi-concept company. This order is projected to generate an estimated annual recurring revenue of at least $1,800 per unit, alongside one-time hardware revenue of $2,800 per location. The deployment will include various BOHA! products across all locations by year-end. The BOHA! ROP integrates cloud-based applications with hardware for food safety and back-of-house operations, offering a comprehensive solution for the restaurant industry.
TransAct Technologies (Nasdaq: TACT) has secured a new BOHA! agreement with a regional convenience store operator, planned for deployment across over 40 locations. This deal is expected to generate an estimated annual recurring revenue of at least $1,500 per unit and one-time hardware sales of at least $900 per location. The BOHA! system integrates multiple applications for food safety, inventory management, and operational procedures into a single platform, enhancing efficiency for food service operators.
TransAct Technologies (Nasdaq: TACT) will announce its fourth quarter and full year 2020 results after market close on March 9, 2021. A conference call and webcast will take place at 4:30 p.m. ET the same day, accessible to the public. To join, call 888-394-8218 (Conference ID: 2578777) and connect ten minutes early. Alternatively, the event can be accessed online at www.transact-tech.com. TransAct is a leader in software-driven technology and printing solutions across various high-growth markets.
TransAct Technologies (Nasdaq: TACT) has secured a new BOHA! agreement with an international convenience store operator, planning deployment across over 350 locations, with potential expansion to 650 locations in the US and Canada. The BOHA! enterprise system will streamline operations for their fresh food offerings, estimated to generate $2,000 annual recurring revenue per unit. This deployment includes BOHA! Terminal, Labeling Software, and proprietary labels. Trials for additional software to reduce food waste are expected to begin in Q2 2021.
TransAct Technologies (Nasdaq: TACT) has announced a significant new order from an existing customer to upgrade to the full BOHA! ecosystem. The deployment will extend across 215 stores and follows successful installations at 19 locations. This upgrade enables remote menu updates and enhanced labeling options, crucial for fresh food offerings. TransAct projects annual recurring revenue of at least $1,400 per site and one-time revenue of $800 per unit. The BOHA! system integrates multiple operational applications, paving the way for comprehensive food safety and management solutions.
TransAct Technologies (NASDAQ: TACT) announced that Director Thomas R. Schwarz will retire from the Board of Directors by the end of 2021. Schwarz has served for 24 years and will ensure a smooth transition by sharing insights with newly elected directors. CEO Bart Shuldman acknowledged Schwarz's significant contributions to the company's growth and strategic positioning. TransAct also plans to solicit shareholder feedback at the 2021 Annual Meeting on a proposal to declassify the Board, indicating a commitment to enhancing corporate governance and responding to shareholder input.
TransAct Technologies (Nasdaq: TACT) has been chosen by the Circa Resort & Casino in Las Vegas as the sole provider of printers for their 1,350 slot machines. This marks a significant partnership as Circa is the first all-new casino to open in downtown Las Vegas since 1980, with its grand opening scheduled for October 28. TransAct's industry-leading Epic 950 and Epic Edge printers will enhance the casino's operations. Company Chairman Bart C. Shuldman expressed excitement over the collaboration, emphasizing the reliability and performance of their products.
TransAct Technologies (Nasdaq: TACT) announced that CEO Bart Shuldman will participate in the Southwest IDEAS Investor Conference on November 18, 2020. The company's presentation, available at 7:00 am CST, will be webcasted for registered participants. Investors can access the presentation through the IDEAS conference portal or the investor relations section of TransAct's website. The IDEAS Investor Conferences aim to connect quality companies with investment professionals, providing a platform for meaningful engagement.
TransAct Technologies (Nasdaq: TACT) has appointed Randall Friedman to its Board of Directors, expanding the board from five to six members effective November 10, 2020. Friedman's extensive experience in the food service industry and business-to-business marketing is expected to enhance TransAct's efforts in adapting to changes brought about by the Covid-19 pandemic. His background includes leadership roles in digital innovation and strategic planning, notably at Lebhar-Friedman, Inc., along with founding Iaso Health, LLC.
TransAct Technologies Incorporated (Nasdaq: TACT) will participate in the ROTH Technology Virtual Event on November 11-12, 2020. Steve DeMartino, the President and CFO, will be available for one-on-one and small group meetings with investors on November 11. Interested parties can register by emailing registration@roth.com. TransAct is known for its software-driven technology and printing solutions across various sectors, having sold over 3.5 million printers globally.
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