secwatch.observer — SEC 8-K summary
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Issuer:     TRANSACT TECHNOLOGIES INC (TACT)
CIK:        0001017303
Form:       8-K
Filed at:   2022-08-17T23:59:59+00:00
Accession:  0001214659-22-010353
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TransAct Q2 net sales up 35% to $12.6M; net loss widens to $2.4M from $2.0M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1017303/000121465922010353/0001214659-22-010353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1017303/000121465922010353/d8172208k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-22-010353

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer