Business
TransAct Technologies Reports Preliminary First Quarter 2025 Financial Results
HAMDEN, Conn., May 13, 2025--TransAct Technologies Incorporated (Nasdaq: TACT) ("TransAct" or the "Company"), a global leader in software-driven technology and printing solutions for high-growth markets, today reported preliminary results for the first quarter ended March 31, 2025.
About this update from Transact Technologies Incorporated
[{"type":"text","content":"Sold Over 2,300 Terminals in the First Quarter 2025, An All-Time Quarterly High","length":79,"tagName":"p","attribs":{}},{"type":"text","content":"Total FST Revenue Up 49% Year-Over-Year","length":39,"tagName":"p","attribs":{}},{"type":"text","content":"Quarterly Casino and Gaming Sales Up 18% Year-Over-Year and 41% Sequentially","length":76,"tagName":"p","attribs":{}},{"type":"text","content":"HAMDEN, Conn., May 13, 2025--(BUSINESS WIRE)--TransAct Technologies Incorporated (Nasdaq: TACT) ("TransAct" or the "Company"), a global leader in software-driven technology and printing solutions for high-growth markets, today reported preliminary results for the first quarter ended March 31, 2025.","length":319,"tagName":"p"},{"type":"text","content":""We started the year with a solid first quarter, achieving an all-time, quarterly high of 2,350 BOHA! terminal unit sales, which drove a 49% year-over-year FST revenue growth, alongside an 18% increase in casino and gaming revenue, which came in at $6.7 million. Our BOHA! platform is gaining traction in large, emerging markets for FST such as convenience store and healthcare food service, with significant wins including a 1,400 BOHA! unit upgrade for a major convenience store chain and a national healthcare food service contract," said John Dillon, Chief Executive Officer of TransAct. "We’re pleased with the positive net income and adjusted EBITDA, reflecting our operational discipline and the continued success of our revised go-to-market strategies. This positions us well to build upon our team’s ability to continue improving our year-over-year results for the balance of 2025."","length":911,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Financial Highlights","length":39,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net Sales: Net sales for the first quarter of 2025 were $13.1 million, up 28% sequentially and 22% compared to $10.7 million for the first quarter of 2024 as a result of stronger sales in both FST and gaming and casino.","length":219,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"FST Recurring Revenue: FST recurring revenue for the first quarter of 2025 was $2.7 million, which represents a slight decline of 3% sequentially but an increase of 10% compared to $2.4 million for the firs...