Transact Tech Stock Price, News & Analysis

TransAct Technologies (Nasdaq: TACT) has successfully closed an underwritten public offering of 732,500 shares at $14.50 each, raising approximately $10.6 million. The offering includes a 30-day option for underwriters to purchase an additional 109,875 shares for overallotments. Proceeds will be used for working capital and enhancing the company's food service technology business, including sales, marketing, and personnel costs. Roth Capital Partners managed the offering, with Craig-Hallum and Barrington Research as co-managers.

TransAct Technologies (Nasdaq: TACT) has priced a public offering of 732,500 shares of common stock at $14.50 per share, raising approximately $10.6 million before expenses. The offering is set to close on August 16, 2021, subject to standard conditions. Roth Capital Partners is the lead manager, with Craig-Hallum Capital and Barrington Research as co-managers. Proceeds will fund working capital and support growth initiatives in the food service technology sector.

TransAct Technologies (Nasdaq: TACT) announced its intention to conduct an underwritten public offering of newly issued shares of common stock, with a 30-day option for underwriters to purchase an additional 15% of the shares. Roth Capital Partners is the sole book-running manager, while Craig-Hallum Capital Group serves as co-manager. Proceeds will be used for working capital and general corporate purposes, including development in the food service technology sector. The offering is subject to market conditions, and details will be filed with the SEC.

TransAct Technologies Incorporated (Nasdaq: TACT) will participate virtually in the D.A. Davidson Bison Select Conference on August 4, 2021, at 9:30 AM ET. Chairman & CEO Bart Shuldman and President & CFO Steve DeMartino will present and engage in meetings throughout the day. The presentation will be accessible via a live webcast and on TransAct’s website. TransAct is a leader in software-driven technology and printing solutions for markets such as food service and gaming, with over 3.3 million devices sold worldwide.

TransAct Technologies (TACT) reported preliminary operating results for Q2 2021, showing a 76% increase in net sales to $9.3 million compared to $5.3 million in Q2 2020. Food Service Technology (FST) revenue surged by 155% year-over-year, reaching $3.1 million, driven by a strong expansion of their hardware base. Despite these gains, TransAct posted a net loss of $(2.1) million or $(0.24) per share. Operating loss increased slightly to $(2.8) million. The total number of paid terminals in service rose by 127% to 7,942.

TransAct Technologies, a leader in software-driven technology, will release its Q2 2021 results post-market on August 3, 2021. A conference call and webcast will take place at 4:30 p.m. ET, accessible to the public via phone or online. Participants should call in 10 minutes early, using conference ID 8684634. A replay will be available for two weeks post-call. TransAct provides solutions across various industries, having sold over 3.3 million devices worldwide, and is based in Hamden, CT.

TransAct Technologies (Nasdaq: TACT) reports momentum in its BOHA! Restaurant Operations Platform with 16 new accounts representing 69 locations across the U.S. The company anticipates full deployment of the BOHA! systems by the end of 2022. Notable growth includes 18 BOHA! ROP systems with an average ARPU of $1,500 and an additional 51 BOHA! systems averaging $900 ARPU. The platform integrates various applications for food service efficiency, and the company aims to enhance operations for small to medium-sized businesses in the food sector.

TransAct Technologies (Nasdaq: TACT) has secured a new agreement to deploy its BOHA! system with a national restaurant chain across at least 90 locations by the end of FY22. This deployment aims to streamline date code and grab n’ go labeling processes, anticipating an annual recurring revenue of $1,000 per unit and one-time hardware sales of $800 per location. The BOHA! system integrates multiple functionalities to enhance operational efficiency in back-of-house restaurant management. The company remains optimistic about growth opportunities in the restaurant sector.

TransAct Technologies (Nasdaq: TACT) announced its participation in two virtual investor conferences. Bart Shuldman, Chairman & CEO, will engage in virtual meetings at the Barrington Research Virtual Spring Investment Conference on May 27, 2021. Additionally, he will present at the East Coast IDEAS Investor Conference on June 16, 2021, with the presentation available at www.IDEASconferences.com. TransAct Technologies specializes in software-driven technology and printing solutions across high-growth markets.