Latest news with #FST
Time of India
3 days ago
- Politics
- Time of India
Committee set up in Ludhiana to handle election seizures
LUDHIANA: In view of the upcoming Ludhiana West by-election and following the instructions in the Standard Operating Procedures (SOPs) issued by the Election Commission of India, the district administration of Ludhiana has constituted a four-member committee. This committee is tasked with handling cases related to the seizure of cash and other materials by flying squad teams (FST), static surveillance teams (SST), and excise teams to strictly enforce the Model Code of Conduct, according to an official statement. As per the statement, Additional Deputy Commissioner (Rural Development) Amarjit Bains has been appointed as the chairman of the committee. District Treasury Officer Arun Kumar , ACFA Rakesh Kansal, and SO Shivinder Singh are its members. The statement further explained that, as per guidelines issued by the Election Commission of India (ECI), the committee will make decisions regarding the seizure and release of cash and other items confiscated during checks to avoid inconvenience to the general public. Election officials stated that the committee would examine each case of seizure by the police, FST, and SST on its own initiative. Upon confirming that the confiscated material was not linked to any political party or candidate, the committee would issue orders for the release of such seizures. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรดทองCFDs กับโบรกเกอร์ที่เชื่อถือได้ | เรียนรู้เพิ่มเติม IC Markets สมัคร Undo They added that if a concerned person presented any proof legitimising the seizure, the committee would decide on the release of such cash or other impounded material. Notably, carrying up to Rs 50,000 in cash requires no documentation. However, amounts between Rs 50,000 and Rs 10 lakh must be accompanied by valid proof, while cash exceeding Rs 10 lakh, even with documentation, will be reported to the Income Tax Department for further scrutiny by the seizing teams.
Yahoo
14-05-2025
- Business
- Yahoo
Transact Technologies Inc (TACT) Q1 2025 Earnings Call Highlights: Record Boha Terminal Sales ...
Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Transact Technologies Inc (NASDAQ:TACT) reported record Boha terminal sales, with 2,350 units sold, surpassing the previous quarter's 1,639 units. Total FST revenue increased by 49% year over year, reaching $14.9 million, driven largely by hardware sales. The company achieved positive net income and adjusted EBITDA for the quarter, demonstrating effective operational and cost discipline. TACT secured a major Boha Terminal 2 upgrade order with a leading national convenience store chain, showcasing growing traction in the convenience store vertical. Casino and gaming revenue increased by 18% year over year and 41% sequentially, driven by improving market demand and a new OEM partnership. Recurring FST revenue remained stable, with a slight 3% sequential decline in recurring FST sales. Gross margin decreased to 48.7% from 52.6% in the prior year period, due to a higher mix of FST hardware sales with lower margins. POS automation sales declined by 5% from the prior year, reflecting a strong competitive environment. TSG sales decreased by 22% year over year, attributed to strong demand for legacy spare parts in the prior year that did not repeat. The strategic review process was suspended due to macroeconomic uncertainties, potentially delaying strategic growth initiatives. Warning! GuruFocus has detected 3 Warning Signs with TACT. Q: Can you provide an update on the FST pipeline and the markets where you're seeing the most traction? A: John Dillon, CEO: The FST pipeline is stable, and we're seeing significant traction in the grab-and-go market and food service management. The grab-and-go market requires sophisticated labeling for nutritional information, and we're doing well with national sushi providers. In food service management, we're working with companies like Sodexo and Aramark to automate large facilities. Additionally, we're exploring opportunities in the medical field, providing temperature and sensor capabilities for senior living homes. Q: How is the pipeline conversion for FST progressing? A: John Dillon, CEO: We closed six new clients last quarter with a potential of about 1,800 units over time. We're refining our metrics for customer acquisition cost and lifetime customer value. Our pipeline management is becoming more sophisticated, and we're improving yield through various steps in the sales cycle. Q: Regarding the QSR rollout, where are you in terms of fulfilling the 40,000 legacy units? A: John Dillon, CEO: We're in the early stages, possibly the second or third inning. We now have global permission to sell in every country where the QSR is present, which is a significant market opportunity. The uptake has been positive and successful. Q: Can you provide insights into the revenue guidance range of $47 to $52 million for the year? A: John Dillon, CEO: We expect to improve year-over-year performance, but the business remains somewhat lumpy. Orders can be large and sporadic, affecting quarterly results. However, we anticipate continued improvement quarter over quarter. Q: What are the key drivers for the growth in casino and gaming revenue? A: John Dillon, CEO: The growth was driven by improving market demand and a new win with a major OEM. Our new Epic PR80 thermal roll printer is gaining momentum, and our partnership with Casino Track continues to drive sales. We see no systemic challenges in the midterm for our casino and gaming business. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BBC News
02-05-2025
- Business
- BBC News
Fulham supporters' trust 'worried' by price rises
Fulham Supporters' Trust has expressed "regret and worry" about a 2.8% rise in season ticket west London club's prices range from a league-high £3,000 in the new Riverside Stand, to £619, which is the 12th cheapest offering in the Premier the biggest fan group at Craven Cottage, began taking on Shahid Khan's ownership with a yellow card protest over ticket prices in April 2023, before a 4% increase last has continued to fight stadium price rise, while accepting the expansion of the new Riverside Stand, which has a rooftop pool and will be fully operational next weekend, is an important revenue stream for hospitality Silva's side are chasing European qualification for the first time since 2011, and FST praised aspects of Khan's leadership and "continued investment in the club, the team and the stadium" in its latest statement, while criticising the price had argued for a price freeze in line with some other Premier League clubs, and questioned "whether increases in ticket prices will materially change the club's financial position".It added: "Matchday revenue - not just tickets - amounted to a mere 10% of the total in the last financial results, dwarfed by revenue from the Premier League, commercial sponsorship and broadcasters."Ticket price increases have a disproportionately small impact on profitability but a much more material impact on long-standing loyal supporters."The new world-class facilities offered by the Riverside Stand should have been prioritised as target areas for revenue increases."The statement also praised Fulham for keeping concessions and releasing further season tickets but criticised the club for not consulting FST. However, FST has a seat on the Fan Advisory Board (FAB), which praised the club for "maintaining affordability for supporters while long-term financial sustainability goals".Fulham had already explained they "respect financial challenges can impact both supporters and organisations" and that the decision "was made with careful consideration, largely driven by the continued rise in matchday and operational costs"."Our ambition to be financially sustainable, as well as competitive on the pitch in an ever-demanding Premier League, are also always important factors when deliberating ticket prices," the club added.
Yahoo
07-04-2025
- Business
- Yahoo
Longtime Florida Studio Theatre patron is honored for providing $1.25 million bequest
Florida Studio Theatre is honoring the late Mary Jo Reston, an FST supporter for nearly two decades, for providing a $1.25 million gift that will help sustain the nonprofit theater company's artistic excellence for generations to come. Reston will be honored as a Platinum Underwriter in perpetuity for all of FST's programming, FST said, ensuring that the productions she cherished will continue to inspire audiences for years to come. 'Mary Jo Reston was a steadfast supporter of Florida Studio Theatre for many years [but] this was a tremendous surprise to us," FST managing director Rebecca Hopkins said. "We were in awe to discover she had left us such a meaningful gift. She truly understood the mission of FST, and this gift will help us continue to serve our community for decades to come.' Reston, who died in February 2024, was a steadfast presence at FST, attending Mainstage and Cabaret performances for more than 17 years. In 2012, she further demonstrated her commitment by purchasing a brick during the Gompertz Campaign. Without notifying the theater, Reston had named FST as a beneficiary in her estate plans. Her planned legacy gift of $1 million, received in July 2024, was followed by a residual gift of $250,000 in February 2025 that came as an unexpected tribute to FST. Reston was business manager and later a publisher of The Vineyard Gazette in Martha's Vineyard – roles she held for 25 years alongside her then-husband Richard Reston, a former journalist for the Los Angeles Times. The couple went around the world with The Los Angeles Times before moving to Martha's Vineyard in 1975 to run the Vineyard Gazette. The couple became co-publishers in 1988. Reston was deeply involved in running the Gazette, ensuring the paper thrived from behind the scenes. Reston retired from her leadership posts at the Vineyard Gazette in 1999, moving to Sarasota to spend her retirement. She began her career as a schoolteacher in Wisconsin before moving to Washington, D.C., where she worked for the Republican National Committee and at Blue Cross and Blue Shield. "Every year we will remember her as she continues to have an impact on the [Florida Studio Theatre] through her legacy," Hopkins said. Submitted by Wendy Kiesewetter with staff report This article originally appeared on Sarasota Herald-Tribune: Longtime Florida Studio Theatre patron honored for $1.25 million gift
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
