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.
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.
TransAct Technologies (Nasdaq: TACT) announced the launch of two new products at the Global Gaming Expo (G2E) 2022, taking place from October 11-13 in Las Vegas, Nevada. The company will unveil the Epicentral Mobile Host, an iOS solution allowing real-time player rewards, and the Epic 888, a versatile thermal roll printer. Additionally, TransAct will showcase its BOHA! foodservice technology suite. These innovations aim to enhance customer experience and operational efficiency in the gaming and food service industries.
TransAct Technologies (Nasdaq: TACT) will showcase its BOHA! suite at NACS 2022 in Las Vegas from October 2-4, targeting convenience store operators. BOHA! offers FDA-compliant solutions for labeling, food safety, and temperature monitoring, aiding stores in enhancing their fresh food programs. CEO Bart C. Shuldman noted that c-stores are increasingly competing with fast food brands, which can lead to significant profit margins. The exhibition will include demonstrations of on-demand printing and custom labeling capabilities.
TransAct Technologies reported a 35% increase in net sales for Q2 2022, reaching $12.6 million compared to $9.3 million in Q2 2021. FST recurring revenue also rose by 5% to $2.2 million. Despite these gains, the company's operating loss widened to $(3.0) million, up from $(2.7) million last year. Gross profit improved to $5.4 million with a gross margin of 43% compared to 36.8% previously. Paid terminals increased by 38% year-over-year, with projections for strong production and sales in the latter half of 2022.
TransAct Technologies (NASDAQ: TACT) will release its Q2 2022 results on August 17, 2022, after market close. A conference call will follow at 4:30 PM ET, open to the public. Participants can call 201-389-0920, using conference ID 13732413, and are advised to connect ten minutes prior. The live webcast will be accessible at www.transact-tech.com. Archived versions will be available post-call until August 31. TransAct is a leader in software-driven technology for high-growth markets.
TransAct Technologies (NASDAQ: TACT) has announced the rescheduling of its second quarter 2022 financial results and conference call to no later than August 22, 2022. This change is due to a delay caused by the implementation of a new ERP system and a transition in its accounting method for inventory valuation. CEO Bart Shuldman stated that they are working diligently to resolve the issue in compliance with U.S. GAAP.