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Transact Technologies Inc. (TACT)
NASDAQ:TACT
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: -4.44%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth in Baja terminal sales and a recovery in casino and gaming revenue. However, significant declines were noted in total net sales, FST revenue, and recurring revenue. The company also faced a large non-cash charge impacting net income. Overall, the sentiment reflects a challenging year with some positive developments and strategic cost reductions.Company Guidance
During TransAct Technologies' fourth quarter 2024 earnings call, the company provided guidance for 2025, anticipating total revenue between $47 million and $52 million, with adjusted EBITDA ranging from breakeven to a negative $2 million. This outlook assumes continued recovery in the casino and gaming segment, with no supply chain or demand disruptions. The company reported a 42% compound annual growth rate in quarterly Baja terminal placements over the past two years and expected this trend to continue. Despite challenges, such as a $7.3 million non-cash charge for a full valuation allowance on deferred tax assets, TransAct remains optimistic about its strategic initiatives and market opportunities, particularly in the food service technology sector.Record Baja Terminal Sales
The fourth quarter saw the highest number of Baja terminals sold since 2020, with a total of 1,639 units. Over the last eight quarters, there has been a 42% compounded annual growth rate in Baja terminal placements.
Casino and Gaming Revenue Growth
Fourth quarter casino and gaming revenue was $4.8 million, up approximately 13.5% to 14% year over year and 5% sequentially. The company expects continued recovery in this segment.
Cost Reduction Initiatives
Operating expenses decreased by $1.3 million or 19% in the fourth quarter and by $7.6 million or 23% for the full year, due to successful cost reduction initiatives.
Strong Balance Sheet
The company ended 2024 with $14.4 million in cash, up from $2.1 million at the end of 2023, providing liquidity for at least the next twelve months.
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TACT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TACT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $3.60 | $3.72 | +3.33% |
| Nov 07, 2024 | $4.24 | $4.23 | -0.24% |
| Aug 08, 2024 | $3.75 | $4.32 | +15.20% |
| May 07, 2024 | $5.15 | $3.92 | -23.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Transact Technologies Inc. (TACT) report earnings?
Transact Technologies Inc. (TACT) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Transact Technologies Inc. (TACT) earnings time?
Transact Technologies Inc. (TACT) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TACT EPS forecast?
TACT EPS forecast for the fiscal quarter 2025 (Q1) is -0.1.
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