---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-008477"
form_type: "8-K"
ticker: "TACT"
cik: "0001017303"
company_name: "TRANSACT TECHNOLOGIES INC"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T15:22:22.666387+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001214659-24-008477
- form_type: 8-K
- ticker: TACT
- cik: 0001017303
- company_name: TRANSACT TECHNOLOGIES INC
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1017303/000121465924008477/0001214659-24-008477-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1017303/000121465924008477/z562478k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-008477
- JSON: https://secwatch.observer/filing/0001214659-24-008477.json
- Plain text: https://secwatch.observer/filing/0001214659-24-008477.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1017303/000121465924008477/0001214659-24-008477-index.htm

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