Latest news with #BOHA!
Business Wire
20-05-2025
- Business
- Business Wire
TransAct Technologies Expands BOHA! Platform with New Contract Foodservice Customer
HAMDEN, Conn.--(BUSINESS WIRE)--TransAct® Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions, today announced that a new contract food service customer has selected the BOHA!® Platform for deployment across its network. BOHA! Temp and BOHA! Checklist software is now live at all 55 locations, helping this new customer improve labor efficiency and ensure consistent execution of daily operational tasks, which includes 21 sites that are using BOHA! Sense for real-time equipment monitoring. In addition, several locations are also using the BOHA! Terminal 2 to take advantage of the productivity, compliance, and operational performance benefits of on-demand labeling. Over time, each location will have the opportunity to add a BOHA! Terminal 2. 'We're proud to support this new customer as they modernize operations across a broad network of client locations,' said John Dillon, CEO of TransAct Technologies. 'This win reinforces the value of the BOHA! Platform in contract foodservice—delivering measurable improvements in efficiency, brand consistency, and execution at scale.' Adoption of BOHA! continues to accelerate as contract foodservice providers prioritize operational excellence across their locations. BOHA! gives teams greater control, reduces manual effort, and ensures consistent execution—key advantages in a highly distributed, labor-constrained environment. For more information and to connect with our solution experts, please visit About TransAct Technologies Incorporated TransAct Technologies Incorporated is a global leader in developing and selling software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, and POS automation. The Company's solutions are designed from the ground up based on customer requirements and are sold under the BOHA!®, AccuDate®, EPICENTRAL®, Epic and Ithaca® brands. TransAct has sold over 3.9 million printers, terminals and other hardware devices around the world and is committed to providing world-class service, spare parts, and accessories to support its installed product base. Through the TransAct Services Group, the Company also provides customers with a complete range of supplies and consumable items both online at and through its direct sales team. TransAct is headquartered in Hamden, CT. For more information, please visit or call (203) 859-6800. ©2025 TRANSACT Technologies Incorporated. All rights reserved. TransAct®, BOHA!®, AccuDate®, Epic Edge®, EPICENTRAL® and Ithaca® are trademarks of TransAct Technologies Incorporated.
Business Wire
28-04-2025
- Business
- Business Wire
TransAct Technologies Secures Major BOHA!
HAMDEN, Conn.--(BUSINESS WIRE)--TransAct ® Technologies Incorporated (Nasdaq: TACT), a global leader delivering software-driven technology and printing solutions, today announced that a leading national convenience store chain has upgraded all of its 1,400 existing BOHA! units to the new BOHA! Terminal 2. The customer, which has been a long-time user of the original BOHA! Terminal, had approved an upgrade to the BOHA! Terminal 2 across its entire store network. The rollout to all locations was successfully completed during Q1 2025. The BOHA! Terminal 2 helps store teams boost productivity and efficiency — a critical advantage in today's labor-constrained environment. By streamlining key foodservice workflows, it enables employees to complete tasks faster, with greater accuracy and reliability, leading to measurable labor savings, improved food safety, and reduced food waste. For multi-unit operators, these improvements scale into significant operational and financial impact. 'We are proud to partner with this leading convenience store operator as they modernize their foodservice operations with the BOHA! Terminal 2,' said John Dillon, CEO of TransAct Technologies. 'This full-fleet upgrade, with many locations receiving 2 devices, is a strong endorsement of the value our technology delivers every day. It demonstrates that BOHA! is not only reliable at scale but also a proven driver of ROI, operational excellence, and food safety. We are thrilled to support this next phase of their digital transformation.' The customer also operates a variety of national brand restaurants within their convenience store locations. TransAct's BOHA! solutions play a critical role in keeping these restaurant operations running smoothly, ensuring consistent food safety processes and operational efficiency across all their brands. This latest upgrade further highlights the value of TransAct's BOHA! ecosystem in helping customers optimize performance, simplify compliance, and achieve operational excellence in convenience store foodservice operations. Customers and prospects can explore the BOHA! Terminal 2 and the rest of the BOHA! Platform at the National Restaurant Association Show from May 17-20, 2025. Visit TransAct at booth 7250 to see them in action! You may also visit About TransAct Technologies Incorporated TransAct Technologies Incorporated is a global leader in developing and selling software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, and POS automation. The Company's solutions are designed from the ground up based on customer requirements and are sold under the BOHA! ®, AccuDate ®, EPICENTRAL ®, Epic and Ithaca ® brands. TransAct has sold over 3.9 million printers, terminals and other hardware devices around the world and is committed to providing world-class service, spare parts, and accessories to support its installed product base. Through the TransAct Services Group, the Company also provides customers with a complete range of supplies and consumable items both online at and through its direct sales team. TransAct is headquartered in Hamden, CT. For more information, please visit or call (203) 859-6800. ©2025 TRANSACT Technologies Incorporated. All rights reserved. TransAct ®, BOHA! ®, AccuDate ®, Epic Edge ®, EPICENTRAL ® and Ithaca ® are trademarks of TransAct Technologies Incorporated.
Yahoo
14-03-2025
- Business
- Yahoo
Transact Technologies Inc (TACT) Q4 2024 Earnings Call Highlights: Navigating Challenges with ...
Total Revenue (Q4 2024): $10.2 million, down 23% from $13.3 million in Q4 2023. Full-Year Revenue (2024): $43.4 million, down 40% from $72.6 million in 2023. FST Revenue (Q4 2024): $4.3 million, flat sequentially, down 9% year over year. FST Full-Year Revenue (2024): $16.1 million, down 1% from 2023. Recurring FST Revenue (Q4 2024): $2.7 million, down 15% year over year. Casino & Gaming Revenue (Q4 2024): $4.8 million, up 14% year over year. Full-Year Casino & Gaming Revenue (2024): $20.3 million, down 51% from 2023. Gross Margin (Q4 2024): 44.2%, down from 48% in Q4 2023. Operating Loss (Q4 2024): $1.1 million, compared to a loss of $522,000 in Q4 2023. Net Loss (Q4 2024): $8 million or $0.79 per diluted share, compared to a net loss of $62,000 or $0.01 per share in Q4 2023. Adjusted EBITDA (Q4 2024): Negative $705,000, compared to positive $587,000 in Q4 2023. Cash on Hand (End of 2024): $14.4 million, up from $2.1 million at the end of 2023. Warning! GuruFocus has detected 2 Warning Sign with TACT. Release Date: March 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Transact Technologies Inc (NASDAQ:TACT) reported a strong year-end with a 42% compound annual growth rate in BOHA! terminal placements over the last eight quarters. The company successfully sold 1,639 BOHA! terminals in Q4 2024, marking the highest quarterly number since 2020. Casino & Gaming revenue increased by 13.5% to 14% year over year in Q4 2024, indicating a recovery in this segment. TACT completed the rollout of the Epic TR80 thermal roll printer, expected to fuel additional sales in 2025. The company has a strong balance sheet with $14.4 million in cash, up from $2.1 million at the end of 2023, providing liquidity for at least the next 12 months. Total net sales for Q4 2024 were down 23% compared to Q4 2023, and full-year 2024 net sales were down 40% compared to 2023. Recurring FST revenue decreased by 15% sequentially and 5% year over year in Q4 2024. The company recorded a net loss of $8 million for Q4 2024, compared to a net loss of $62,000 in the same period the previous year. TACT incurred a $7.3 million non-cash charge to record a full valuation allowance on its deferred tax assets. POS Automation sales decreased by 74% in Q4 2024 compared to the prior year, due to increased competition and difficult comparisons. Q: Can you provide details on the FST terminal installations for the quarter and year, particularly regarding the large QSR customer and new logos? A: John Dillon, CEO, mentioned that while he couldn't provide a detailed breakdown, the large QSR was a significant portion of the installations, though not more than half. Steve DeMartino, CFO, added that the business with the large QSR is expected to expand in 2025, with new clients and geographic expansions contributing to growth. Q: What is the outlook for the Casino & Gaming segment in 2025, and can you update on the international market? A: Steve DeMartino, CFO, stated that all domestic OEMs are back to buying, and while some international OEMs are still working through inventory, most are purchasing again. The expectation is for a stronger year in 2025, both domestically and internationally. Q: How much revenue was lost due to the C-store customer exit in 2024? A: Steve DeMartino, CFO, explained that the C-store customer contributed about $3 million to $4 million annually, with approximately half of that amount falling off in 2024. Q: Can you elaborate on the complexity of the strategic review process? A: John Dillon, CEO, explained that the complexity arises from managing two distinct business segments, each with different market dynamics and strategic interests. The internal operations are intertwined, making it challenging to separate financials and resources for potential strategic opportunities. Q: What is the market opportunity for the Epic TR80 printer? A: Steve DeMartino, CFO, highlighted that the Epic TR80 targets the growing sports betting market, especially in Europe. The company is re-establishing relationships and has seen good interest since re-entering the market, indicating significant potential. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Associated Press
10-03-2025
- Business
- Associated Press
TransAct Technologies to Report Fourth Quarter and Full Year 2024 Results On March 13, 2025, Host Conference Call and Webcast
TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that it will release its fourth quarter and full year 2024 results after the market close on Thursday, March 13, 2025, and will host a conference call and simultaneous webcast at 4:30 p.m. ET that day. The conference call number is 877-704-4453; and the conference ID number is 13751789. Please call ten minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call on the Internet at (select 'Investor Relations' followed by 'Events & Presentations'). Following its completion, an archived version of the webcast will be available for replay at the same location. A replay of the call will also be available starting roughly 2 hours after the call has ended and will continue until Thursday, March 27, 2025 at 11:59 PM ET. The replay call number is 844-512-2921 with pin 13751789. About TransAct Technologies Incorporated TransAct Technologies Incorporated is a global leader in developing and selling software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, and POS automation. The Company's solutions are designed from the ground up based on customer requirements and are sold under the BOHA! ®, AccuDate ®, EPICENTRAL ®, Epic and Ithaca ® brands. TransAct has sold over 3.9 million printers, terminals and other hardware devices around the world and is committed to providing world-class service, spare parts, and accessories to support its installed product base. Through the TransAct Services Group, the Company also provides customers with a complete range of supplies and consumable items both online at and through its direct sales team. TransAct is headquartered in Hamden, CT. For more information, please visit or call (203) 859-6800. ©2025 TRANSACT Technologies Incorporated. All rights reserved. TransAct ®, BOHA! ®, AccuDate ®, Epic Edge ®, EPICENTRAL ®, Ithaca ® are Registered Trademarks of TransAct Technologies Incorporated. SOURCE: TransAct Technologies Incorporated Copyright Business Wire 2025. PUB: 03/10/2025 08:35 AM/DISC: 03/10/2025 08:35 AM
