TransAct Q3 net sales $17.9M (+68% YoY); net income $0.5M vs $0.9M year-ago

TRANSACT TECHNOLOGIES INC

2022-Q3 EPS reported -$0.63 revenue$40,181,000

Net sales $17.9M vs $10.6M YoY; gross margin improved to 45.9% from 40.5%.
Net income $0.5M ($0.05 diluted EPS) vs $0.9M ($0.09) a year ago; operating income $0.4M vs loss of $1.6M.
FST recurring revenue $2.6M (+27% YoY); paid terminals reached 11,929 (up 36% from Sep 2021).
Adjusted EBITDA $1.2M vs loss of $1.2M in Q3 2021; adjusted EPS $0.05 vs loss of $0.14.
Changed inventory costing method to average cost effective Apr 1, 2022; prior periods restated.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TRANSACT TECHNOLOGIES INC reported the quarter ended September 30, 2022 results: revenue $17.9 million, net income $0.5 million, EPS $0.05 net income per diluted share.

Period: the quarter ended September 30, 2022
Revenue: $17.9 million
Net income: $0.5 million
EPS: $0.05 net income per diluted share
Result: preliminary results

Exact text from the filing

(EXHIBIT 99.1) --- EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 TransAct Technologies Reports Preliminary Third Quarter 2022 Financial Results 2022 Third Quarter Net Sales of $17.9 Million, up 68% on a Year-Over-Year Basis FST Recurring Revenue of $2.6 Million, up 27% on a Year-Over-Year Basis FST Paid Terminals Up 36% from September 30, 2021 Reports Positive Net

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Source: SEC EDGAR

accession 0001214659-22-013498

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