TransAct Q1 net sales drop 52% to $10.7M; net loss $1.0M vs profit year ago

TRANSACT TECHNOLOGIES INC

2024-Q1 EPS reported -$0.10 revenue$10,687,000

Net loss $1.0M ($0.10 loss per diluted share) vs net income $3.1M ($0.31) in Q1 2023.
Gross margin 52.6% vs 55.0% a year ago; operating loss $1.3M vs operating income $3.8M.
FST recurring revenue up 3% to $2.4M; added eight new FST accounts with ~1,000 potential terminal units.
FY 2024 guidance: net sales $45-50M, adjusted EBITDA between negative $2.5M and negative $3.5M.
Casino & Gaming printer demand normalizing after prior year surge; EBITDA negative $966K.

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 reported the first quarter ended March 31, 2024 results: revenue $10.7 million, net income $(1.0) million, EPS $(0.10) per diluted share. Guidance initiated.

Period: the first quarter ended March 31, 2024
Revenue: $10.7 million
Net income: $(1.0) million
EPS: $(0.10) per diluted share
Guidance: initiated
Result: preliminary results

Exact text from the filing

with our existing products and to enter new markets further down the road.” First Quarter 2024 Financial Highlights • Net Sales : Net sales for the first quarter of 2024 were $10.7 million, down as expected due to the pull back in Casino and Gaming. The results were down 52% compared to $22.3 million for the first quarter of 2023 largely as a result of the expected

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Source: SEC EDGAR

accession 0001214659-24-008477

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