TransAct Q4 net sales down 26% YoY to $13.3M; net loss $62K vs. $260K profit in Q4 2022

TRANSACT TECHNOLOGIES INC

Q4 2023 net loss $62K ($0.01 per diluted share); FY2023 net income $4.7M ($0.47 diluted) vs. FY2022 net loss $5.9M.
Q4 Casino & Gaming sales $4.2M, down 62% YoY; Food Service Tech sales $4.7M, up 54%.
Full-year FST recurring revenue $11.1M, up 28%; total net sales $72.6M (+25% YoY).
2024 outlook: net sales $53M-$58M and adjusted EBITDA approximately breakeven.
Engaged strategic advisor to evaluate long-term business strategy.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRANSACT TECHNOLOGIES INC updated its fourth quarter and full year ended December 31, 2023 guidance (reaffirmed).

Period: fourth quarter and full year ended December 31, 2023
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

On March 12, 2024, TransAct Technologies Incorporated issued a press release announcing its financial results for the quarter and year ended December 31, 2023.

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TRANSACT TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001214659-24-004416

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