TransAct Technologies extends headquarters lease with reduced space and rent

TransAct Technologies Incorporated (NASDAQ:TACT) entered into a third amendment to its headquarters lease with One Hamden Center, LLC, the company announced this week in a statement based on a filing with the Securities and Exchange Commission. The small-cap company, with a market capitalization of approximately $44 million, appears to be streamlining operations amid challenging financial conditions, as InvestingPro data shows the company has not been profitable over the last twelve months.

The amendment, signed Monday, extends the lease for the company’s corporate headquarters at One Hamden Center, 2319 Whitney Avenue, Suite 3-B, Hamden, Connecticut, for an additional four years and two months, from November 1, 2025, through December 31, 2029. The previous lease was set to expire on October 31, 2025.

As part of the amendment, the leased office space is reduced from approximately 11,000 square feet to 3,630 square feet. The monthly base rent under the new agreement is $6,806.25, compared to the prior monthly base rent of $19,473.55 for the period from November 1, 2024, to October 31, 2025. This significant cost reduction aligns with the company’s financial position, as InvestingPro data indicates TransAct holds more cash than debt on its balance sheet and maintains a healthy current ratio of 3.08.

In addition to base rent, TransAct Technologies is required to pay 3.20% of any increase in the landlord’s operating costs above 2025 levels for the premises, as well as a monthly electric charge.

The landlord, at its own expense, will be responsible for separating and demising the new premises from the existing space, according to the filing.

TransAct Technologies’ common stock is listed on the NASDAQ Global Market under the ticker TACT. The information in this article is based on a press release statement and details from the company’s recent SEC filing.

In other recent news, TransAct Technologies reported its second-quarter 2025 earnings, which exceeded analysts’ expectations. The company posted an earnings per share (EPS) of -$0.01, a significant improvement over the forecasted -$0.07, resulting in an 85.71% surprise. Additionally, TransAct’s revenue reached $13.8 million, surpassing the anticipated $12.1 million by 14.05%. Despite these positive financial results, the company’s stock experienced a slight decline in after-hours trading. These developments are noteworthy for investors keeping an eye on TransAct’s financial performance. The earnings beat and revenue growth highlight the company’s ability to outperform market projections. Investors may find these results encouraging as they assess TransAct’s future prospects.

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