Transact Tech Stock Price, News & Analysis

TransAct Technologies Incorporated has appointed John M. Dillon as interim CEO, effective immediately, succeeding Bart C. Shuldman, who resigned after 27 years. Dillon, a seasoned executive and board member since 2011, aims to drive revenue growth and execute the company’s strategic plan. The management reiterated its fiscal 2023 revenue guidance of $70 million to $72 million and adjusted EBITDA of $5.2 million to $5.4 million. Shuldman expressed confidence in Dillon’s leadership, emphasizing the company’s strong position for future growth.

TransAct Technologies, a leader in software-driven technology solutions, has appointed Tracey Winslow as Global Chief Revenue Officer, effective immediately. Winslow, who has been with the company since 2005, will oversee sales in the FST and Casino & Gaming markets. Lou Kelly has been promoted to Senior Vice President of Casino & Gaming, succeeding Winslow. He will manage the Americas and European sales teams. The company expresses gratitude to former Chief Revenue Officer Gaurav Bahri for his service. These appointments are expected to strengthen sales and service capabilities across the company’s core markets.

TransAct Technologies (TACT) reported Q4 2022 net sales of $18.0 million, a 61% increase year-over-year. Casino and Gaming sales surged 123% to $11.0 million, achieving an all-time quarterly high. For the full year, net sales reached $58.1 million, up 48%. Gross profit improved to $8.2 million with a gross margin of 45.8%. Net income for Q4 was $0.3 million or $0.03 per diluted share, compared to a net loss of $(0.8) million in Q4 2021. The company anticipates 2023 revenue between $70-72 million and adjusted EBITDA of $5.2-5.4 million.

TransAct Technologies Incorporated (NASDAQ: TACT) announced its fourth quarter and full year 2022 results will be released after market close on March 8, 2023. A conference call will follow at 4:30 p.m. ET, open to the public. Interested individuals can join via phone at 877-704-4453 with conference ID 13736100, or online at www.transact-tech.com. An archived version will be available after the call until March 22, 2023. TransAct Technologies specializes in software-driven technology and has sold over 3.6 million devices globally, serving high-growth markets like food service and gaming.

TransAct Technologies (NASDAQ: TACT), a leader in software-driven technology solutions, announces that Chairman & CEO Bart Shuldman will attend the ICR 25th Annual Conference in Orlando, FL, on January 9-10. Shuldman will hold one-on-one meetings with attendees to discuss the company's innovative solutions in markets such as food service and gaming. TransAct has sold over 3.6 million devices globally, featuring brands like BOHA!™ and Ithaca®. More information can be found on their website.

TransAct Technologies reported a strong performance for Q3 2022, achieving net sales of $17.9 million, a 68% increase year-over-year. The Food Service Technology (FST) segment saw a 27% rise in recurring revenue, totaling $2.6 million. Notably, the company reported a net income of $0.5 million, or $0.05 per diluted share, though down from $0.9 million year-over-year. Gross profit increased to $8.2 million, yielding a gross margin of 45.9%. The company also expanded its paid terminals by 36% year-over-year, reflecting growing market demand.

TransAct Technologies (NASDAQ: TACT) announced that CEO Bart Shuldman will attend two investor conferences in New York City. The Roth 11th Annual Technology Event will feature one-on-one meetings on November 16, 2022 at The Yale Club. The following day, Craig-Hallum Alpha Select Conference will also host one-on-one meetings at Sheraton New York Times Square Hotel.

TransAct is a leader in software-driven technology solutions in markets such as food service and gaming, having sold over 3.3 million printers globally.

TransAct Technologies Incorporated (Nasdaq: TACT) will announce its third quarter 2022 financial results on November 10, 2022, after market close. A conference call and webcast will be held at 4:30 p.m. ET that day, open to the public. Interested individuals can join the call by dialing 888-394-8218 using conference ID 6552635. The call will also be accessible online at www.transact-tech.com. A replay of the call will be available until November 24, 2022.

TransAct Technologies (Nasdaq: TACT) has been chosen by Sky River Casino in Elk Grove, California, to supply its Epic Edge TITO printers for all slot machines on the casino's gaming floor. The casino aims to enhance the guest experience and selected the Epic Edge for its superior performance. This state-of-the-art printer features high-resolution output and supports new and legacy games, minimizing the need for multiple printer types. Sky River Casino, operated by Boyd Gaming, opened on August 16, 2022, and boasts a vast array of gaming options and dining establishments.