Transact Technologies ( (TACT) ) has released its Q1 earnings. Here is a breakdown of the information Transact Technologies presented to its investors.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
TransAct Technologies Incorporated is a global leader in software-driven technology and printing solutions, catering to high-growth markets such as food service, casino and gaming, and POS automation. The company is known for its innovative products sold under various brand names including BOHA!, AccuDate, and Epicentral.
In its preliminary first-quarter results for 2025, TransAct Technologies reported a significant milestone with the sale of over 2,300 terminals, marking an all-time quarterly high. The company experienced a 49% year-over-year increase in FST revenue and an 18% rise in casino and gaming sales, reflecting its strong market presence and strategic growth initiatives.
Key financial highlights for the first quarter of 2025 include net sales of $13.1 million, up 22% from the previous year, and a gross profit of $6.4 million. The company also reported a positive net income of $19 thousand, a notable improvement from the net loss of $1.0 million in the same quarter of 2024. Adjusted EBITDA reached $544 thousand, showcasing effective operational management.
Looking ahead, TransAct Technologies is focusing on organic growth initiatives, particularly in the FST and Casino sectors, while suspending its strategic review process due to macroeconomic uncertainties. The company remains committed to maximizing shareholder value and is optimistic about its ability to sustain growth throughout the remainder of 2025.