earnings
confidence high
sentiment negative
materiality 0.75
TransAct Q3 net sales $10.9M (-37% YoY), loss $(0.06)/share; revises FY24 sales guidance to $43-45M
TRANSACT TECHNOLOGIES INC
2024-Q3 EPS reported
-$0.19
revenue$33,153,000
- Net sales $10.9M, down 37% vs $17.2M in Q3 2023; net loss $(551K) or $(0.06) per share.
- FST recurring revenue $2.9M, up 4% sequentially but down 8% YoY. Gross margin 48.1% vs 51.9% last year.
- Operating loss $(837K); Adjusted EBITDA negative $(204K) vs positive $1.7M in Q3 2023.
- Sold over 1,350 BOHA! terminals in Q3 and 2,800 in last two quarters; added 12 new FST accounts.
- FY24 net sales guidance revised to $43-45M; strategic business review with Roth Capital ongoing.