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Transact Technologies (TACT)
:TACT
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 6.37%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects mixed performance. There were strong advancements in the FST segment and effective cost management, but these were overshadowed by a significant decline in overall sales, particularly in the casino and gaming sector, and a decrease in gross margin and adjusted EBITDA. The company's liquidity remains strong, but challenges persist in key areas.Company Guidance
During the TransAct Technologies' Third Quarter 2024 Earnings Call, several key financial metrics and strategic initiatives were discussed. Total sales for the quarter amounted to $10.9 million, reflecting a 6% sequential decline and a 37% year-over-year decrease. Sales in the foodservice technology (FST) sector reached $4.3 million, showing a 2% year-over-year and 3% sequential increase, with hardware sales up by 30% year-over-year. FST recurring revenue was $2.9 million, down 8% year-over-year but up 3% sequentially. The casino and gaming segment recorded $4.5 million in revenue, a 50% year-over-year decline, attributed to ongoing inventory adjustments by OEMs. The company's gross margin stood at 48.1%, while operating expenses were reduced by 22% year-over-year to $6.1 million, thanks to cost-saving initiatives. The net loss for the quarter was $551,000, with an adjusted EBITDA of negative $204,000. TransAct's liquidity remained strong, ending the quarter with over $11 million in cash. Looking forward, the company's revenue outlook for the year was revised to between $43 million and $45 million due to ongoing demand lag in the casino and gaming segment.Strong Performance in Foodservice Technology (FST)
FST revenue was $4.3 million, up 2% year-over-year and 3% sequentially. FST hardware sales increased by 30% year-over-year, with terminal placements up 90% from the prior period.
Successful Cost Reduction Efforts
Total operating expenses decreased by 22% year-over-year and 7% sequentially due to two rounds of cost reduction actions, saving $5 million annually.
Positive Feedback on Terminal 2
The rollout of Terminal 2 to a large QSR client continues successfully, with positive feedback and potential for further expansion.
Strong Cash Position
The company ended the quarter with over $11 million in cash and minimal borrowings, indicating a solid liquidity position.
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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 |
|---|---|---|---|
| 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% |
| Mar 12, 2024 | $6.87 | $5.88 | -14.41% |
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 (TACT) report earnings?
Transact Technologies (TACT) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Transact Technologies (TACT) earnings time?
Transact Technologies (TACT) earnings time is at Mar 05, 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 2024 (Q4) is -0.1.
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