Record BOHA! Terminal Sales
TransAct Technologies reported record BOHA! Terminal sales with 2,350 units sold, surpassing the previous quarter's results. Total FST revenue increased to $14.9 million, up 49% year-over-year.
Casino and Gaming Revenue Growth
Casino and gaming revenue increased to $6.7 million, up 18% year-over-year and 41% sequentially, driven by improving market demand and a significant new OEM win.
Positive Net Income and Adjusted EBITDA
TransAct reported a positive net income of $19,000 and adjusted EBITDA of $544,000, showing a significant improvement from a net loss of $1 million and negative adjusted EBITDA of $701,000 in the prior year.
Strong Balance Sheet
The company maintained a solid balance sheet with cash and cash equivalents at $14.2 million and debt remaining unchanged at $3 million.