Business
TransAct Technologies Announces Share Repurchase Program
HAMDEN, Conn., May 12, 2026--TransAct Technologies Incorporated (Nasdaq: TACT) ("TransAct" or the "Company"), a leading provider of cloud-based software and integrated hardware solutions, today announced that its Board of Directors has authorized a share repurchase program of up to $3 million of the Company’s outstanding common stock over the next 12 months.
About this update from Transact Technologies Incorporated
[{"type":"text","content":"Board-Authorized $3 Million Program Approved for One Year","length":57,"tagName":"p","attribs":{}},{"type":"text","content":"HAMDEN, Conn., May 12, 2026--(BUSINESS WIRE)--TransAct Technologies Incorporated (Nasdaq: TACT) ("TransAct" or the "Company"), a leading provider of cloud-based software and integrated hardware solutions, today announced that its Board of Directors has authorized a share repurchase program of up to $3 million of the Company’s outstanding common stock over the next 12 months.","length":397,"tagName":"p"},{"type":"text","content":"This authorization reflects TransAct’s continued confidence in its strategic direction, strong balance sheet, and long-term growth opportunities, driven by the BOHA!® platform’s recurring revenue model and strengthened by TransAct’s EPIC line of casino and gaming printing solutions.","length":283,"tagName":"p"},{"type":"text","content":""We believe our current share price does not fully reflect the strength or value of our business, particularly the long-term growth and recurring revenue potential of our BOHA! solutions," said John Dillon, Chief Executive Officer of TransAct. "As we continue to scale BOHA!, we are building a more predictable, higher-margin revenue stream driven by ARR, which we believe will create meaningful long-term stockholder value. This share repurchase program underscores our commitment to disciplined capital allocation—balancing investment in growth, customer acquisition, and platform expansion with returning capital to stockholders."","length":653,"tagName":"p"},{"type":"text","content":"TransAct intends to execute repurchases opportunistically, considering market conditions, share price, and alternative uses of capital. Repurchases may be made from time to time in the open market, through privately negotiated transactions, or by other means in accordance with applicable securities laws.","length":305,"tagName":"p"},{"type":"text","content":"Mr. Dillon added, "With improving visibility into recurring revenue streams from BOHA! and continued operational efficiencies, we are well positioned to generate sustainable cash flow and deploy capital in a way that maximizes long-term stockholder returns."","length":268,"tagName":"p"},{"type":"text","content":"The share repurchase program does not obligate the Company ...