---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-006701"
form_type: "8-K"
ticker: "TACT"
cik: "0001017303"
company_name: "TRANSACT TECHNOLOGIES INC"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T07:48:49.372480+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# TransAct Q1 revenue up 130% to $22.3M, net income $3.1M; CEO made permanent

## Summary
- Net sales $22.3M (+130% YoY) driven by casino/gaming $15.8M (+232%) and FST $3.5M (+62%).
- Gross margin improved to 55.0% from 26.4%; operating income of $3.8M vs loss of $5.6M.
- Net income $3.1M ($0.31 diluted EPS) vs net loss $4.4M ($0.44 loss) in prior year.
- FY2023 outlook: net sales $71.5-73.5M, adjusted EBITDA $6.5-7.5M.
- John M. Dillon, appointed CEO April 4, now permanent (no longer interim); no change to compensation.

## SEC filing metadata
- accession: 0001214659-23-006701
- form_type: 8-K
- ticker: TACT
- cik: 0001017303
- company_name: TRANSACT TECHNOLOGIES INC
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1017303/000121465923006701/0001214659-23-006701-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1017303/000121465923006701/p582308k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-006701
- JSON: https://secwatch.observer/filing/0001214659-23-006701.json
- Plain text: https://secwatch.observer/filing/0001214659-23-006701.txt

## Key facts
- Earnings Releases
  TRANSACT TECHNOLOGIES INC reported first quarter ended March 31, 2023 results: revenue $22.3 million, net income $3.1 million, EPS $0.31 net income per diluted share. Guidance initiated.
  - Period: first quarter ended March 31, 2023
  - Revenue: $22.3 million
  - Net income: $3.1 million
  - EPS: $0.31 net income per diluted share
  - Guidance: initiated
  - Result: preliminary results
  source text: (EXHIBIT 99.1) --- EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 TransAct Technologies Reports Preliminary First Quarter 2023 Financial Results 2023 First Quarter Net Sales of $22.3 Million, up 130% on a Year-Over-Year Basis Casino and Gaming Sales of $15.8 Million, up 232% on a Year-Over-Year Basis FST Sales of $3.5 Million, up 62% on a Year-Over-Year Basis Hamden,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1017303/000121465923006701/0001214659-23-006701-index.htm
- Executive change
  John M. Dillon was appointed as Chief Executive Officer at TRANSACT TECHNOLOGIES INC.
  - Action: appointed permanent
  - Role: Chief Executive Officer
  source text: On May 8, 2023, the Board of Directors (the “Board”) of the Company unanimously agreed that John M. Dillon, who was appointed Chief Executive Officer (“CEO”) of the Company on April 4, 2023, will continue in the role indefinitely and is no longer serving on an “interim” basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1017303/000121465923006701/0001214659-23-006701-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.