Transact Technologies ( (TACT) ) has released its Q2 earnings. Here is a breakdown of the information Transact Technologies presented to its investors.
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TransAct Technologies Incorporated is a global leader in developing and selling software-driven technology and integrated printing solutions for large and emerging markets, including food service, casino and gaming, and POS automation. The company is headquartered in Hamden, Connecticut.
In its preliminary second quarter 2025 financial results, TransAct Technologies reported a strong performance with significant growth in key sectors. The company sold over 1,900 terminals in the second quarter, contributing to a total of 4,292 units sold in the first half of the year. The total quarterly FST revenue increased by 14% year-over-year, while casino and gaming sales saw a remarkable 42% year-over-year growth.
Key financial highlights for the second quarter of 2025 include net sales of $13.8 million, representing a 19% increase compared to the same period in 2024. The company achieved a gross profit of $6.7 million, with a gross margin of 48.2%. Despite an operating loss of $258 thousand, the net loss decreased to $143 thousand, showing an improvement from the previous year. Additionally, TransAct reported a positive adjusted EBITDA of $478 thousand for the quarter.
Strategically, TransAct Technologies acquired a perpetual and royalty-free license to the BOHA! software source code, allowing the company to enhance and extend its platform. This acquisition is expected to support future growth and innovation in their product offerings.
Looking ahead, TransAct Technologies anticipates full-year 2025 net sales to range between $49 million and $53 million, with adjusted EBITDA expected to be between breakeven and $1.5 million. The company remains focused on executing its strategic priorities and achieving consistent growth in its financial results.