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 (NASDAQ: TACT) announced the release of its third quarter 2021 results after market close on November 9, 2021. A conference call and webcast will follow at 4:30 p.m. ET, open to the public. Participants can join by calling 1-800-458-4121 with conference ID 8161388. The webcast will be available on their Investor Relations page, with a replay option available until November 23, 2021.
TransAct is recognized for its software-driven technology and printing solutions in sectors like food service and gaming.
TransAct Technologies (Nasdaq: TACT) is set to showcase its innovative BOHA! Work Station and software at the National Association of Convenience Stores (NACS 2021) event in Chicago from October 5-8, 2021. The BOHA! solution is designed to optimize fresh food operations in convenience stores with FDA-compliant labeling, digital food safety, and inventory management. CEO Bart C. Shuldman highlighted the adaptability of BOHA! for customer needs, aiming to reduce compliance costs and improve operational efficiency.
TransAct Technologies (Nasdaq: TACT) will showcase its latest innovations, including the Epicentral Mobile Host at the 21st Annual Global Gaming Expo in Las Vegas from October 5-7, 2021. This mobile feature enables casino managers to deliver real-time promotions to players, enhancing engagement and loyalty. The Epic Edge printer, boasting a 300-DPI resolution, improves ticket processing efficiency. TransAct aims to leverage these technologies to drive casino revenue growth and improve player experiences.
TransAct Technologies (NASDAQ: TACT) announced that Bart Shuldman, Chairman & CEO, and Steve DeMartino, President & CFO, will participate in the Jefferies Virtual Software Conference. Scheduled for September 14-15, 2021, the event includes one-on-one meetings and a virtual presentation on September 15 at 4:00 PM ET. The presentation will be accessible via a live webcast and on the TransAct website.
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.