TransAct Technologies reports preliminary Q2 EPS (3c) vs 22c last year

Reports preliminary Q2 revenue $11.6M, two estimates $10.44M. “We are pleased with our results for the quarter, highlighted by 1,476 new terminals sold in the quarter, sequential FST recurring revenue growth, and thirteen new logos added to our BOHA! platform in the quarter,” said John Dillon, Chief Executive Officer of TransAct. “Our continued focus on cost control is also yielding results, with our latest measures expected to save approximately $2 million on an annualized basis, which we anticipate seeing the full effect of beginning in the third quarter 2024. Our initiatives aimed at streamlining the organization and increasing our sales efficiency are producing positive changes at TransAct and we are continuing to work diligently towards our goals.”