TransAct Q3 net income jumps to $0.09/diluted share; sales $17.2M down 4% YoY; to engage strategic advisor

TRANSACT TECHNOLOGIES INC

2023-Q3 EPS reported $0.48 revenue$59,366,000

Net sales $17.2M (-4% YoY); net income $906k ($0.09/diluted) vs $528k ($0.05) in Q3 2022.
Gross margin improved to 51.9% from 45.9%; operating income $1.2M vs $0.4M YoY.
Casino sales $9.0M (+17% YoY); FST sales $4.2M (+13% YoY); FST recurring revenue $3.1M (+22% YoY).
Full year 2023 net sales guidance $72.5-$73.5M; adjusted EBITDA $9.5-$10.0M.
Company intends to engage advisor in Q4 2023 to explore long-term strategic alternatives.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

TRANSACT TECHNOLOGIES INC reported the third quarter ended September 30, 2023 results: revenue $17.2 million, net income $906 thousand, EPS $0.09 per diluted share. Guidance initiated.

Period: the third quarter ended September 30, 2023
Revenue: $17.2 million
Net income: $906 thousand
EPS: $0.09 per diluted share
Guidance: initiated
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 2023 Financial Results 2023 Third Quarter Net Sales of $17.2 Million, down 4% on a Year-Over-Year Basis Casino and Gaming Sales of $9.0 Million, up 17% on a Year-Over-Year Basis Food Service Technology (“FST”) Sales of $4.2 Million, up 13% on a

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

TRANSACT TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001214659-23-014746

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.