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HAMDEN, Conn. - TransAct Technologies Incorporated (NASDAQ:TACT), a $40 million market cap technology company known for its software-driven technology and printing solutions, has announced the deployment of its BOHA! Platform across a new contract food service customer’s 55 locations. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 3.05x. The implementation includes BOHA! Temp and BOHA! Checklist software, with 21 of these sites also incorporating BOHA! Sense for equipment monitoring. Selected locations are adopting the BOHA! Terminal 2 for enhanced productivity and compliance through on-demand labeling.
CEO John Dillon highlighted the platform’s ability to drive efficiency, maintain brand consistency, and ensure operational execution within the contract food service sector. The BOHA! Platform is designed to streamline operations, reduce manual labor, and promote uniformity in daily tasks—qualities that are increasingly sought after in labor-constrained industries. The company’s focus on operational efficiency is reflected in its healthy gross profit margin of 48.56%.
TransAct Technologies is a global provider of software and printing solutions for sectors such as food service, casino and gaming, and point-of-sale automation. The company boasts a significant installed base, having sold over 3.9 million hardware devices worldwide, generating trailing twelve-month revenue of $45.75 million. In addition to hardware, TransAct offers a comprehensive range of supplies and consumable items through its direct sales team and online. InvestingPro subscribers can access additional key insights about TACT, including 5 more exclusive ProTips and comprehensive financial analysis.
The recent adoption of the BOHA! Platform is part of a growing trend among contract food service providers to enhance operational excellence. The platform’s scalability and monitoring capabilities are particularly beneficial for businesses with multiple locations.
The information reported is based on a press release statement from TransAct Technologies Incorporated.
In other recent news, TransAct Technologies reported strong financial results for the first quarter of 2025, with revenue reaching $13.1 million, surpassing the forecasted $12.18 million. The company achieved a positive net income of $19,000, marking a significant turnaround from a loss in the previous year. This performance was driven by a 22% year-over-year increase in revenue, bolstered by robust sales in their food service technology and gaming markets. TransAct Technologies also introduced new products and expanded into new markets, such as healthcare food service labeling, contributing to their positive results.
The company has provided a full-year revenue guidance of $47 million to $52 million, with adjusted EBITDA expected to range from breakeven to a $1.5 million loss. Analysts noted the company’s strategic initiatives and market expansion as key factors in their recovery trajectory. TransAct Technologies’ stock saw a positive reaction following the earnings announcement, reflecting investor confidence in the company’s improved financial performance. Additionally, the company secured new client acquisitions and emphasized its commitment to disciplined spending while exploring new market opportunities.
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