TransAct Technologies Incorporated reports developments in software-driven technology and integrated printing solutions for foodservice, casino and gaming, and POS automation markets. Its news commonly centers on the BOHA! platform for foodservice operations, including SaaS-based applications, purpose-built terminals, food safety automation, recurring revenue, and related labels, supplies, and service offerings.
Company updates also cover EPIC and EPICENTRAL casino and gaming solutions used for ticket-in/ticket-out functionality and promotional capabilities, along with quarterly results, conference presentations, balance sheet commentary, product and platform strategy, and executive leadership changes.
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TransAct Technologies Incorporated (Nasdaq: TACT) will announce its first quarter 2023 results on May 9, 2023, after the market closes. A conference call will follow at 4:30 p.m. ET, open to the public. Interested parties can join by calling 877-704-4453 and using conference ID 13737812. The call will also be accessible via www.transact-tech.com. An archived version of the call will be available for replay starting two hours after the event, accessible until May 23, 2023. TransAct is known for its software-driven technology and printing solutions across sectors like food service and gaming, having sold over 3.6 million devices globally.
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.