earnings
confidence high
sentiment negative
materiality 0.65
TransAct Q2 net sales up 35% to $12.6M; net loss widens to $2.4M from $2.0M
TRANSACT TECHNOLOGIES INC
2022-Q2 EPS reported
-$0.68
revenue$22,325,000
- Net sales $12.6M (+35% YoY); gross margin 43.0% vs 36.8%.
- Net loss $(2.4)M ($0.24 diluted EPS) vs $(2.0)M ($0.23) in Q2 2021.
- Operating loss $(3.0)M; Adjusted EBITDA loss $(2.5)M vs $(2.0)M prior year.
- FST paid terminals 10,941 (+38% YoY); recurring revenue $2.2M (+5% YoY).
- Changed inventory costing to average cost method, applied retrospectively.