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 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.
TransAct Technologies (Nasdaq: TACT) launched the BOHA! Restaurant Operations Platform, enhancing efficiency for restaurant operators during challenging times. The platform integrates BOHA! hardware with software applications, enabling management of food safety and operational processes in one digital space. It features an iPad connected to a BOHA! Work Station for wireless printing of essential labels, designed to meet FDA requirements. Additionally, the BOHA! Control Center provides real-time analytics for improved operational oversight.