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 (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.
TransAct Technologies (TACT) reported preliminary Q3 2020 results, showcasing a 20% revenue increase in its Food Service Technology (FST) market, with recurring FST revenue soaring 157% year-over-year. However, overall net sales declined 38% to $7.3 million compared to Q3 2019. The company faced a net loss of $0.9 million, or $0.11 per diluted share, and a negative EBITDA of $1.1 million. The recent $9.8 million stock offering aims to bolster its footprint in the FST market and support a new partnership with Apple.
TransAct Technologies (Nasdaq: TACT) has been selected by Hoiana Suncity in Vietnam to provide advanced printing solutions for their new casino. They will supply the Epic 950 for ticket-in, ticket-out (TITO) capabilities across 300 slot machines, alongside the Epic Edge TT printer for cash desk applications. The partnership highlights TransAct's reputation for reliability and innovation in casino technology.
Hoiana Suncity aims to be a premier entertainment hub, enhancing its offerings with TransAct's proven solutions.
TransAct Technologies Incorporated (Nasdaq: TACT) has successfully closed a public offering of 1,380,000 newly issued shares at $7.10 per share, raising approximately $9.8 million before expenses. Roth Capital Partners led the offering with Barrington Research as co-manager. The funds will be utilized for working capital, supporting the growth of the Company's food service technology business, and enhancing sales and marketing efforts. TransAct aims to advance its strategy in high-growth markets, including food service and gaming.
TransAct Technologies Incorporated (Nasdaq: TACT) announced a public offering of 1,200,000 shares of common stock at $7.10 per share, aiming to raise approximately $8.5 million before expenses. The offering, which includes a 30-day option for underwriters to purchase an additional 180,000 shares, is set to close on October 16, 2020. Proceeds will support working capital, enhance food service technology development, and bolster sales and marketing efforts. Roth Capital Partners is the lead manager for this offering.
TransAct Technologies (Nasdaq: TACT) plans an underwritten public offering of newly issued common stock, with a 30-day option for underwriters to purchase an additional 15%. The proceeds will be utilized for working capital, focusing on developing their food service technology and enhancing sales, marketing, and product development. Roth Capital Partners is the lead manager for the offering. A shelf registration statement effective since August 17, 2020, is in place for these shares. The offering's completion is subject to market conditions.
TransAct Technologies Incorporated (Nasdaq: TACT) announced that Miguel Ortiz, VP of Restaurant Products, will speak at the Restaurants RISE powered by MUFSO virtual event on October 13, 2020, at 2:00 p.m. ET. His session, titled “Boost Operational Excellence by Leveraging Back-of-House Technology,” will focus on enhancing food safety and operational excellence. Ortiz will discuss key areas including employee health, brand standards, and FDA compliance, alongside Nick Bouse from Love's Travel Stops, who will share insights on implementing the BOHA! platform to streamline operations.
TransAct Technologies (Nasdaq: TACT) reported preliminary financial results for Q3 2020, estimating net sales between $7.1 million and $7.3 million, surpassing prior expectations of $5.5 million to $6.0 million. This includes approximately $1.4 million to $1.5 million from Food Service Technology recurring revenue. The company had around 3,800 paid BOHA! terminals in the market, generating an average annual revenue per terminal of $1,470, an 88% increase from Q3 2019. Final results will be released on November 5, 2020.
