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. (NASDAQ: TACT) is a global developer of software-driven technology and integrated printing solutions serving food service, casino and gaming, and POS automation markets. The TransAct news feed on Stock Titan aggregates company-issued updates, preliminary financial results, customer wins and product-related announcements so investors can follow how the business evolves over time.
Recent press releases highlight the company’s focus on food service technology (FST) and its BOHA!® platform, including deployments of BOHA! Terminal 2 and BOHA! Terminal 2 LTE with convenience store chains, a national sushi franchise operator and contract foodservice providers. News items describe how BOHA! Temp, BOHA! Checklist, BOHA! Sense and Grab ‘n Go Labeling software are being used to digitize back-of-house workflows, temperature tracking, equipment monitoring and labeling across distributed locations.
TransAct also regularly reports preliminary quarterly financial results, including net sales, FST recurring revenue, casino and gaming net sales, gross profit, operating income or loss, net income or loss, EBITDA and adjusted EBITDA. These releases often include management commentary on trends in FST and casino and gaming markets, as well as updated financial outlook ranges.
In addition, the news stream covers material agreements and strategic steps, such as the Source Code Purchase and Perpetual License Agreement with Avery Dennison for BOHA™ source code, and information about upcoming and completed earnings conference calls and webcasts. Investors and researchers can use this page to review historical announcements, monitor recurring themes in FST and gaming performance, and track how TransAct’s software-driven and printing solutions are adopted across its target markets.
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.
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.
FAQ
What is the current stock price of Transact Tech (TACT)?
What is the market cap of Transact Tech (TACT)?
