TransAct Technologies (TACT) boosts 2026 EBITDA outlook and launches casino business review
Rhea-AI Filing Summary
TransAct Technologies Incorporated reported preliminary second quarter 2026 results and launched a formal strategic review of its Casino and Gaming business. Net sales for the quarter were $13.9 million, slightly above $13.8 million a year earlier, with a modest net loss of $50 thousand$28.4 million versus $26.9 million in 2025, and net income was $716 thousand versus a net loss of $124 thousand.
Adjusted EBITDA improved, reaching $514 thousand in the quarter (vs. $478 thousand) and $1.9 million year-to-date (vs. $1.0 million). The company reiterated its 2026 revenue guidance of $55–$57 million and raised its 2026 adjusted EBITDA guidance to $1.5–$2.0 million. Segment data show Casino and Gaming remaining the largest contributor with Q2 2026 sales of $7.3 million, while Food Service Technology generated $5.2 million and 1,900 BOHA! units were sold in the quarter.
The Board initiated a focused review of strategic alternatives for the Casino and Gaming business and engaged BofA Securities, Inc. as financial advisor. Total assets were $51.0 million at June 30, 2026, including cash and cash equivalents of $19.4 million and a revolving loan payable of $3.0 million. The company also entered into a severance agreement with its Chief Financial Officer, Troy W. Ingianni.
Positive
- Adjusted EBITDA nearly doubled year-to-date, rising to $1.9 million for the first six months of 2026 from $1.0 million in 2025, indicating stronger underlying profitability.
- 2026 guidance was reaffirmed or raised, with revenue still guided to $55–$57 million and adjusted EBITDA guidance increased to $1.5–$2.0 million, signaling confidence in operational performance.
- Net income turned positive year-to-date, moving from a $124 thousand loss in the first half of 2025 to $716 thousand net income in the first half of 2026.
Negative
- None.
Filing Explained
The Form 8-K reports that TransAct Technologies has initiated a formal review of its Casino and Gaming business. The Board may consider broader strategic alternatives, but the filing describes no completed transaction or other strategic outcome; any structural change remains contingent on a later Board-approved action.
8-K Event Classification
Key Figures
Key Terms
Adjusted EBITDA financial
strategic alternatives financial
tariff surcharge refunds financial
Food service technology technical
ticket-in/ticket-out (TITO) technical
Earnings Snapshot
For 2026, the company reiterated revenue guidance of $55–$57 million and increased adjusted EBITDA guidance to $1.5–$2.0 million.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02 Results of Operations and Financial Condition.
The following information is being furnished pursuant to Item 2.02 “Results of Operations and Financial Condition” of Form 8-K. Such information, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
On August 11, 2026, TransAct Technologies Incorporated (the “Company”) issued a press release announcing its preliminary financial results for the three and six months ended June 30, 2026. A copy of the press release is attached to this report as Exhibit 99.1.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 10, 2026, the Company entered into a severance agreement with Troy W. Ingianni, the Company’s Chief Financial Officer, Treasurer and Secretary (the “Severance Agreement”). The Severance Agreement provides for the following terms:
| · | Termination Severance Payments. If Mr. Ingianni’s employment is terminated by the Company without “Cause” (as defined in the Severance Agreement) (other than a termination within 12 months after a Change in Control, as described below), the Company is required to provide, in addition to a payment of accrued salary and benefits, severance payments consisting of the following: (i) one half of Mr. Ingianni’s then current base salary, payable in equal installments over a period of six months in connection with the Company’s regular payroll dates and procedures; (ii) one half of Mr. Ingianni’s annual target bonus amount under the Company’s incentive compensation plan, pro-rated for the portion of the fiscal year occurring prior to termination, payable in equal installments over a period of six months in connection with the Company’s regular payroll dates and procedures; and (iii) contribution to the cost of Mr. Ingianni’s participation in the Company’s group medical and dental plans for a period of six months, subject to any employee contribution applicable to Mr. Ingianni on the date of termination and provided Mr. Ingianni is entitled to continue such participation under applicable law and plan terms. |
| · | Change-in-Control Severance Payments. If a Change in Control occurs, and Mr. Ingianni’s employment is terminated by the Company without Cause, or if he resigns (subject to a notice and cure period specified in the Severance Agreement) following a significant reduction in the nature or scope of his responsibilities, authorities, powers, functions or duties, a decrease in salary other than resulting from a reduction that applies generally to all management personnel, or a relocation of his principal place of employment by more than 50 miles without his consent, in each case within 12 months after the Change in Control, the Company is required to provide, in addition to a payment of accrued salary and benefits, severance payments consisting of the following: (i) Mr. Ingianni’s then current base salary, payable in equal installments over a period of one year in connection with the Company’s regular payroll dates and procedures; (ii) Mr. Ingianni’s annual target bonus amount under the Company’s incentive compensation plan, payable in equal installments over a period of one year in connection with the Company’s regular payroll dates and procedures; and (iii) contribution to the cost of Mr. Ingianni’s participation in the Company’s group medical and dental plans for a period of one year, subject to any employee contribution applicable to Mr. Ingianni on the date of termination and provided Mr. Ingianni is entitled to continue such participation under applicable law and plan terms. In addition, in the event of such a termination of employment, the Company is required to cause the immediate vesting of all awards granted by the Company to Mr. Ingianni under the Company’s stock plans. Mr. Ingianni may elect, on ten days’ prior written notice, to receive the balance of the payments provided for in clauses (i) and (ii) of this paragraph in a lump sum rather than in installments, and upon such payment, the Company’s obligations to provide further installment payments and to contribute to the cost of participation in medical and dental plans will terminate. |
| · | Release. Receipt of the severance benefits described above is conditioned on execution by Mr. Ingianni of a general release of claims in favor of the Company. |
| · | Restrictive Covenants. The Severance Agreement also contains certain customary restrictive covenants, including covenants not to compete with or solicit customers or employees of the Company for six months following termination and confidentiality and nondisclosure covenants. |
| · | Definitions. The Severance Agreement generally defines Cause to include the following reasons: (i) action or inaction by Mr. Ingianni that constitutes larceny, fraud, gross negligence, a willful or negligent misrepresentation to the directors or officers of the Company or a commission of a crime of moral turpitude; (ii) material, repetitive, unjustified and unexcused refusal to follow the reasonable and lawful written instruction of the Board of Directors (the “Board”) or Chief Executive Officer of the Company; or (iii) death or disability. A Change in Control is generally defined in the agreement to include (i) a merger of the Company with another company where the majority of the board of directors of the surviving company is not comprised of directors of the Company in office immediately prior to the transaction; (ii) acquisition by a person or group of beneficial ownership of securities of the Company representing more than 50% of the total number of votes that may be cast for the election of directors of the Company; (iii) a change in the Board such that, after an election, a majority of the directors in office are not directors that were nominated by two-thirds of the Board prior to the election; or (iv) a complete liquidation of the Company. |
The foregoing summary of the Severance Agreement is qualified in its entirety by reference to the full text of the Severance Agreement, which is filed herewith as Exhibit 10.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
| Exhibit | Description | |
| 10.1 | Severance Agreement, entered into as of August 10, 2026, between the Company and Troy W. Ingianni | |
| 99.1 | Press Release of TransAct Technologies Incorporated Announcing Preliminary Financial Results for the Three and Six Months ended June 30, 2026, dated August 11, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TRANSACT TECHNOLOGIES INCORPORATED | |||
| By: | /s/ John M. Dillon | ||
| John M. Dillon | |||
| Chief Executive Officer | |||
Date: August 11, 2026
Exhibit 99.1
TransAct Technologies Reports Preliminary Second Quarter 2026 Financial Results
Sold 1,900 BOHA! Units in the Second Quarter of 2026
FST Recurring Revenue up 13% Year-over-Year
Casino and Gaming Demonstrates Continued Strength
Reiterates 2026 Revenue Guidance of $55 to $57 Million, Increases 2026 Adj. EBITDA Guidance* to $1.5 Million to $2.0 Million
Announces BofA Securities, Inc. as Financial
Advisor in Focused Strategic Alternatives Review
Hamden, CT – August 11, 2026 – TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a leading provider of SaaS software and integrated hardware solutions, today reported preliminary results for the second quarter ended June 30, 2026.
“TransAct delivered solid second-quarter results that reflect meaningful progress on our strategy to build a high margin, software-led recurring revenue business for FST,” said John Dillon, Chief Executive Officer of TransAct. “Underlying demand remained healthy, with strong software growth and continued BOHA! unit placements expanding our install base. We also launched our next generation BOHA! SaaS platform on Microsoft Azure, giving us greater scale, speed, and control. As we focus on monetizing our growing base of online terminals, we are well positioned to drive more predictable, higher quality revenue over time. Casino and Gaming also saw another strong quarter. This market continues to generate substantial cash flow and positive results for the business.”
“We have also engaged BofA Securities as our financial advisor given their expertise in the Casino and Gaming marketplace. We believe the time is right to explore potential strategic options, given the ongoing strength in this market.”
Second Quarter 2026 Financial Highlights
| • | Net Sales: Net sales for the second quarter of 2026 were $13.9 million, up 1% compared to $13.8 million for the second quarter of 2025, and Casino and Gaming sales for the second quarter were $7.3 million, down 4% compared to $7.6 million for the second quarter of 2025. Results include a $1.0 million reduction to Casino and Gaming sales related to customer tariff surcharge refunds; excluding this item, Company-wide net sales would have been $14.9 million, up approximately 8% year-over-year, and Casino and Gaming sales would have been $8.3 million, up approximately 9% year-over-year. |
| • | FST Recurring Revenue: FST recurring revenue for the second quarter of 2026 was $3.4 million, which represents an increase of 13% compared to $3.0 million for the second quarter of 2025. FST Recurring Revenue includes software, labels and other recurring sources of revenue. More specifically, software revenue for the second quarter of 2026 was $732 thousand, which represents an increase of 47% compared to $499 thousand for the second quarter of 2025. |
| • | FST Online BOHA! Units – Active online BOHA! units increased to 21,790 as of June 30, 2026, as compared with 16,439 units as of June 30, 2025, representing 33% year-over-year growth in online units. Selling software, labels and other recurring sources of revenue into this growing install base is a key focus of management. |
| • | Gross Profit: Gross profit for the second quarter of 2026 was $7.0 million, resulting in gross margin of 50.2%, compared to gross profit of $6.7 million for the second quarter of 2025, which delivered a 48.2% gross margin. |
| • | Operating (Loss) Income: Operating loss for the second quarter of 2026 was $(54) thousand, or (0.4)% of net sales, compared to an operating loss of $(258) thousand for the second quarter of 2025 and operating income of $771 thousand for the first quarter of 2026. |
| • | Net Loss**: Net loss for the second quarter of 2026 was $(50) thousand, or $0.00 per diluted share, based on 10.3 million weighted average diluted shares outstanding. This compares to a net loss of $(143) thousand, or $(0.01) per diluted share, based on 10.1 million weighted average diluted shares outstanding, for the second quarter of 2025, and net income of $766 thousand, or $0.07 per diluted share, based on 10.2 million weighted average diluted shares outstanding, for the first quarter of 2026. |
| • | EBITDA**: EBITDA was $59 thousand for the second quarter of 2026, compared to $28 thousand for the second quarter of 2025 and $881 thousand for the first quarter of 2026. |
| • | Adjusted EBITDA**: Adjusted EBITDA was $514 thousand for the second quarter of 2026, compared to $478 thousand for the second quarter of 2025 and $1.4 million for the first quarter of 2026. |
Engagement of BofA Securities, Inc. (“BofA Securities”)
The Company today announced that its Board of Directors has initiated a formal strategic review of the Casino and Gaming business. Management has engaged BofA Securities as its financial advisor given their expertise within the Casino and Gaming market and their long-standing relationship with TransAct. The Company believes that exploring potential options within Casino and Gaming, given the current strength within this market, is in the best interests of stockholders as they look to maximize value. While the review is focused on the Casino and Gaming business, the Board intends to evaluate a broader range of strategic alternatives to the extent the Board determines that doing so may further enhance stockholder value.
The Company has not set a timetable for the review, and there can be no assurance that the review will result in any transaction or other strategic outcome. The Company does not intend to disclose developments until its Board of Directors has approved a specific transaction or course of action or otherwise determines that disclosure is appropriate or required.
2026 Financial Outlook*
| • | Net Sales: The Company expects full year 2026 net sales of between $55 million and $57 million. |
| • | Adjusted EBITDA: The Company now expects full year 2026 adjusted EBITDA to be between $1.5 million and $2.0 million. |
*Our outlook for non-GAAP adjusted EBITDA is presented only on a non-GAAP basis as not all of the information necessary for a quantitative reconciliation of this forward-looking non-GAAP financial measure to the most directly comparable GAAP financial measure is available without unreasonable effort, primarily due to uncertainties relating to the occurrence or amount of the adjustments that may arise in the future. If one or more of the currently unavailable items is applicable, some items could be material, individually or in the aggregate, to GAAP reported results.
** Net (Loss) Income, EBITDA and Adjusted EBITDA include a $0.4 million reduction related to the tariff surcharge refunds. See below for descriptions and reconciliations of these non-GAAP measures.
Second Quarter 2026 Conference Call and Webcast
TransAct is hosting a conference call and webcast on August 11, 2026, beginning at 4:30 p.m. ET to discuss the Company’s preliminary second quarter 2026 results and other matters. Both the call and the webcast are open to the general public. The conference call number is 877-704-4453 and the conference ID number is 13762138. Please call ten minutes prior to the presentation to ensure that you are connected.
Interested parties may also access the conference call live on the Internet at www.transact-tech.com (select “About” followed by “Investor Relations,” then select “News & Events” followed by “Events & Presentations”). Approximately two hours after the call has concluded, an archived version of the webcast will be available for replay at the same location.
Non-GAAP Financial Measures
TransAct is providing certain non-GAAP financial measures because the Company believes that these measures are helpful to investors and others in assessing the ongoing nature of what the Company’s management views as TransAct’s core operations. EBITDA and adjusted EBITDA provide the Company with an understanding of one aspect of earnings before the impact of investing and financing charges and income taxes. The Company believes that these non-GAAP financial measures provide relevant and useful information to an investor evaluating the Company’s operating performance because these measures are: (i) widely used by investors to measure a company’s operating performance without regard to items that do not reflect the Company’s ongoing operations and are excluded from the calculation of such measures; (ii) used as financial measurements by lenders and other parties to evaluate creditworthiness; and (iii) used by the Company’s management for various purposes including strategic planning and forecasting and assessing financial performance. The Company also presents the changes in net sales and Casino and gaming net sales excluding customer tariff surcharge refunds because it believes these measures provide the Company with visibility into the sales performance for the period by excluding the refunds, which the Company believes are not reflective of ongoing operations. The presentation of this non-GAAP information is not considered superior to or a substitute for, and should be read in conjunction with, the financial information prepared in accordance with GAAP.
EBITDA is defined as net income (loss) before net interest income (expense), income taxes, depreciation, and amortization. A reconciliation of EBITDA to net income, the most comparable GAAP financial measure, can be found attached to this release.
Adjusted EBITDA is defined as net (loss) income before net interest income (expense), income taxes, depreciation and amortization and is adjusted for (1) share-based compensation expense and (2) any other items, when they occur, that we believe do not reflect the ordinary earnings of the Company’s ongoing business. The Company adjusts EBITDA for share-based compensation because the Company considers share-based compensation expense to be a non-cash expense similar to depreciation and amortization. A reconciliation of adjusted EBITDA to net income, the most comparable GAAP financial measure, can be found attached to this release.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a leading provider of SaaS software and integrated hardware solutions that redefine how organizations connect operations, technology and data to drive measurable business value. Through its BOHA!® solutions, serving 19,000 foodservice locations worldwide, TransAct combines purpose-built hardware with a SaaS platform to help foodservice operators automate food safety, improve operational efficiency and maintain trusted brand relevance. In the casino and gaming market, TransAct’s award-winning EPIC solutions enable ticket-in/ticket-out (TITO) functionality and advanced promotional capabilities that enhance player engagement and drive revenue for operators globally. TransAct also provides a comprehensive portfolio of consumables and service solutions, allowing customers to simplify operations and partner with a single, trusted provider across their technology ecosystem.
TransAct is headquartered in Hamden, CT. For more information, please visit transact-tech.com or call (203) 859-6800.
©2026 TRANSACT Technologies Incorporated. All rights reserved. TransAct®, BOHA!®, are registered trademarks of TransAct Technologies Incorporated.
Cautionary Statement Regarding Preliminary Financial Information
The Company has prepared the preliminary financial information set forth below on a materially consistent basis with its historical financial information and in good faith based upon its internal reporting as of and for the three and six months ended June 30, 2026. This financial information is preliminary and is thus inherently uncertain and subject to change as the Company finalizes its financial results and related review for the three and six months ended June 30, 2026. During the preparation of the Company’s consolidated financial statements and related notes as of and for the three and six months ended June 30, 2026, the Company may identify items that could cause its final reported results to be materially different from the preliminary financial information set forth herein. As a result, there can be no assurance that the Company’s final results for these periods will not differ from the preliminary financial information.
This preliminary financial information should not be viewed as a substitute for full financial statements prepared in accordance with GAAP. In addition, this preliminary financial information is not necessarily indicative of the results to be achieved for any future period.
Forward-Looking Statements
Certain statements included in this press release are forward-looking statements within the meaning of the U.S. federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements represent current views about possible future events and are often identified by the use of forward-looking terminology, such as “may”, “will”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “project”, “plan”, “predict”, “design” or “continue”, or the negative thereof, or other similar words. Forward-looking statements are subject to certain risks, uncertainties and assumptions. In the event that one or more of such risks or uncertainties materialize, or one or more underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by the forward-looking statements. Important factors and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements include, but are not limited to, the following: the adverse effects of current economic conditions, including inflation and changes in interest rates, on our business, operations, financial condition, results of operations and capital resources; continued reliance on third parties to host and support our FST offerings; difficulties or delays in manufacturing or delivery of inventory or other supply chain disruptions; our dependence on a single contract manufacturer for the assembly of a large portion of our products in Asia; the imposition of additional duties, tariffs, quotas, taxes, trade barriers, capital flow restrictions and other charges on imports and exports by the United States or the governments of the countries in which we or our manufacturers and suppliers operate including the potential for new or reinstated trade measures, in addition to the 10% tariff surcharge already implemented under Section 122 of the Trade Act of 1974, following the U.S. Supreme Court’s decision to invalidate certain previously imposed tariffs; the Russia/Ukraine and Middle East conflicts; inadequate manufacturing capacity or a shortfall or excess of inventory as a result of difficulty in predicting manufacturing requirements due to volatile economic conditions; price increases, decreased availability of third-party component parts or raw materials at reasonable prices, price wars or significant pricing pressures affecting the Company’s products in the United States or abroad; increased product costs or reduced customer demand for our products in the United States or abroad, including as a result of trade wars, tariffs or other trade actions; our ability to successfully develop new products that garner customer acceptance and generate sales, both domestically and internationally, in the face of substantial competition; any system outages, interruptions or other disruptions to our software applications, including as a result of unexpected errors or mistakes in connection with over-the-air updates; our ability to successfully grow our business in the food service technology market; renewal rates for our subscription-based products; risks associated with the pursuit of strategic initiatives, including the strategic review of the Company’s casino and gaming business, and business growth; uncertainties and administrative, legal, and tax complexities associated with the process of claiming and remitting tariff refunds to customers, which may expose us to litigation, regulatory scrutiny, and financial loss; our dependence on significant suppliers; our ability to recruit and retain quality employees; our dependence on third parties for sales outside the United States; marketplace acceptance of new products; risks associated with foreign operations; political and policy uncertainties and any adverse economic impacts resulting from such uncertainties; our ability to protect intellectual property; exchange rate fluctuations; the availability of needed financing on acceptable terms or at all; volatility of, and decreases in, trading prices of our common stock; and other risk factors identified and discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and other reports filed with the Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements, which speak only as of the date of this release. We undertake no obligation to publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors, except where we are expressly required to do so by applicable law.
# # #
Investor Contact:
Ryan Gardella
ICR, Inc.
Ryan.Gardella@icrinc.com
TRANSACT TECHNOLOGIES INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Preliminary and Unaudited)
| Three months ended | Six months ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| (In thousands, except per share data) | ||||||||||||||||
| Net sales | $ | 13,948 | $ | 13,798 | $ | 28,363 | $ | 26,851 | ||||||||
| Cost of sales | 6,946 | 7,146 | 14,108 | 13,840 | ||||||||||||
| Gross profit | 7,002 | 6,652 | 14,255 | 13,011 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Engineering, design and product development | 1,226 | 1,725 | 2,606 | 3,360 | ||||||||||||
| Selling and marketing | 2,736 | 2,103 | 4,933 | 4,188 | ||||||||||||
| General and administrative | 3,094 | 3,082 | 5,999 | 5,736 | ||||||||||||
| 7,056 | 6,910 | 13,538 | 13,284 | |||||||||||||
| Operating (loss) income | (54 | ) | (258 | ) | 717 | (273 | ) | |||||||||
| Interest and other income (expense): | ||||||||||||||||
| Interest, net | 59 | 40 | 125 | 62 | ||||||||||||
| Other, net | (25 | ) | 115 | (73 | ) | 178 | ||||||||||
| 34 | 155 | 52 | 240 | |||||||||||||
| (Loss) income before income taxes | (20 | ) | (103 | ) | 769 | (33 | ) | |||||||||
| Income tax expense | (30 | ) | (40 | ) | (53 | ) | (91 | ) | ||||||||
| Net (loss) income | $ | (50 | ) | $ | (143 | ) | $ | 716 | $ | (124 | ) | |||||
| Net (loss) income per common share: | ||||||||||||||||
| Basic | $ | 0.00 | $ | (0.01 | ) | $ | 0.07 | $ | (0.01 | ) | ||||||
| Diluted | $ | 0.00 | $ | (0.01 | ) | $ | 0.07 | $ | (0.01 | ) | ||||||
| Shares used in per share calculation: | ||||||||||||||||
| Basic | 10,289 | 10,085 | 10,234 | 10,064 | ||||||||||||
| Diluted | 10,289 | 10,085 | 10,311 | 10,064 | ||||||||||||
SUPPLEMENTAL INFORMATION – SALES BY MARKET:
(Preliminary and Unaudited)
| Three months ended | Six months ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| (In thousands) | ||||||||||||||||
| Food service technology | $ | 5,172 | $ | 4,761 | $ | 9,864 | $ | 9,669 | ||||||||
| POS automation | 619 | 590 | 1,239 | 1,208 | ||||||||||||
| Casino and gaming | 7,318 | 7,629 | 15,657 | 14,348 | ||||||||||||
| TransAct Services Group | 839 | 818 | 1,603 | 1,626 | ||||||||||||
| Total net sales | $ | 13,948 | $ | 13,798 | $ | 28,363 | $ | 26,851 | ||||||||
TRANSACT TECHNOLOGIES INCORPORATED
CONDENSED CONSOLIDATED BALANCE SHEETS
(Preliminary and Unaudited)
| June 30, | December 31, | |||||||
| 2026 | 2025 | |||||||
| (In thousands) | ||||||||
| Assets: | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 19,387 | $ | 20,433 | ||||
| Accounts receivable, net | 10,359 | 6,364 | ||||||
| Inventories | 9,094 | 10,858 | ||||||
| Prepaid income taxes | 424 | 399 | ||||||
| Other current assets | 1,298 | 754 | ||||||
| Total current assets | 40,562 | 38,808 | ||||||
| Fixed assets, net | 1,099 | 1,243 | ||||||
| Right-of-use assets, net | 3,209 | 557 | ||||||
| Goodwill | 2,621 | 2,621 | ||||||
| Intangible assets, net | 3,476 | 1,503 | ||||||
| Other assets | 55 | 37 | ||||||
| 10,460 | 5,961 | |||||||
| Total assets | $ | 51,022 | $ | 44,769 | ||||
| Liabilities and Shareholders’ Equity: | ||||||||
| Current liabilities: | ||||||||
| Revolving loan payable | $ | 3,000 | $ | 3,000 | ||||
| Accounts payable | 5,034 | 3,539 | ||||||
| Accrued liabilities | 4,907 | 4,763 | ||||||
| Lease liabilities | 506 | 346 | ||||||
| Deferred revenue | 1,850 | 1,400 | ||||||
| Total current liabilities | 15,297 | 13,048 | ||||||
| Deferred revenue, net of current portion | 292 | 355 | ||||||
| Lease liabilities, net of current portion | 2,724 | 215 | ||||||
| Other liabilities | 34 | 35 | ||||||
| 3,050 | 605 | |||||||
| Total liabilities | 18,347 | 13,653 | ||||||
| Shareholders’ equity: | ||||||||
| Common stock | 142 | 141 | ||||||
| Additional paid-in capital | 60,697 | 59,824 | ||||||
| Retained earnings | 3,991 | 3,275 | ||||||
| Accumulated other comprehensive loss, net of tax | (45 | ) | (14 | ) | ||||
| Treasury stock, at cost | (32,110 | ) | (32,110 | ) | ||||
| Total shareholders’ equity | 32,675 | 31,116 | ||||||
| Total liabilities and shareholders’ equity | $ | 51,022 | $ | 44,769 | ||||
TRANSACT TECHNOLOGIES INCORPORATED
RECONCILIATION OF NET (LOSS) INCOME TO EBITDA AND ADJUSTED EBITDA
NON-GAAP FINANCIAL MEASURES
(Preliminary and Unaudited)
| Three months ended | Six Months ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| (In thousands) | ||||||||||||||||
| Net (loss) income | $ | (50 | ) | $ | (143 | ) | $ | 716 | $ | (124 | ) | |||||
| Interest income, net | (59 | ) | (40 | ) | (125 | ) | (62 | ) | ||||||||
| Income tax expense | 30 | 40 | 53 | 91 | ||||||||||||
| Depreciation and amortization | 138 | 171 | 296 | 344 | ||||||||||||
| EBITDA | 59 | 28 | 940 | 249 | ||||||||||||
| Share-based compensation expense | 455 | 450 | 966 | 773 | ||||||||||||
| Adjusted EBITDA | $ | 514 | $ | 478 | $ | 1,906 | $ | 1,022 | ||||||||