Significant Increase in BOHA! Terminal Sales
TransAct Technologies sold 1,942 BOHA! Terminals in Q2, reflecting a 32% increase year-over-year, bringing the total sold in the first 6 months to 4,292.
Strong Growth in Casino and Gaming Revenue
Casino and gaming revenue reached $7.6 million, up 42% year-over-year and 14% sequentially from $6.7 million in the first quarter.
Acquisition of BOHA! Software Source Code
TransAct acquired a perpetual license to the BOHA! software source code for $2.55 million, plus about $1 million in professional services fees, allowing for greater control and potential future revenue generation.
Positive Adjusted EBITDA
The company reported its second consecutive quarter of positive adjusted EBITDA, building on its success from the last quarter.
Increased Full Year Revenue Guidance
The company raised its full year guidance to between $49 million and $53 million in revenue, reflecting confidence in continued FST expansion and casino stability.