NVIDIA expands Microsoft partnership with Blackwell GPUs for AI infrastructure
HAMDEN, Conn. - TransAct Technologies Incorporated (NASDAQ:TACT) reported a 21% increase in third-quarter net sales to $13.2 million, up from $10.9 million in the same period last year, according to a press release issued Monday. The company’s stock, currently trading at $4.32, has declined 5.8% over the past week despite the positive sales growth, according to InvestingPro data.
The company, which develops software-driven technology and integrated printing solutions, sold 1,591 terminals in the third quarter, bringing the nine-month total to 5,883 units, representing a 58% year-over-year increase.
Casino and gaming net sales rose 58% year-over-year in the third quarter, while Food Service Technology (FST) net sales increased by 12%. FST recurring revenue grew 13% to $3.3 million compared to $2.9 million in the third quarter of 2024.
The company reported a third-quarter net income of $15,000, or $0.00 per diluted share, compared to a net loss of $551,000, or $(0.06) per diluted share, in the same quarter last year.
"We’re pleased with the progress we’ve made in FST, delivering 58% more BOHA! Terminals in the first nine months of the year than in the same period in 2024," said John Dillon, Chief Executive Officer of TransAct, in the press release.
Gross profit for the quarter was $6.6 million with a gross margin of 49.8%, compared to $5.2 million and 48.1% in the third quarter of 2024.
The company raised its full-year 2025 net sales outlook to between $50 million and $53 million, up from the previously forecasted low end of $49 million, while maintaining its adjusted EBITDA forecast of between $0 (breakeven) and $1.5 million.
TransAct ended the quarter with $20 million in cash and cash equivalents, up from $14.4 million at the end of 2024.
In other recent news, TransAct Technologies Incorporated announced an extension of its headquarters lease at One Hamden Center, LLC. The amendment to the lease, signed recently, extends the company’s stay at its corporate headquarters in Hamden, Connecticut, for an additional four years and two months. This new lease term will now run from November 1, 2025, through December 31, 2029. Notably, the amendment includes a reduction in both the space occupied and the rent paid by the company. This strategic move allows TransAct Technologies to optimize its operational costs while maintaining its presence in the current location. The previous lease was set to expire on October 31, 2025. These developments reflect the company’s ongoing efforts to manage its real estate commitments effectively.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.