Overview
TransAct Q2 net sales rise 19% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 beats estimates, reflecting improved profitability
Co acquires perpetual license for BOHA! software source code
Outlook
Company expects full-year 2025 net sales between $49 mln and $53 mln
TransAct forecasts adjusted EBITDA for 2025 to be $0 to $1.5 mln
Result Drivers
CASINO AND GAMING SALES - Casino and gaming sales increased 42% yr/yr and 14% sequentially, contributing to revenue growth
FST REVENUE - FST recurring revenue rose 7% yr/yr, reflecting progress in sales strategies
SOURCE CODE ACQUISITION - Acquisition of BOHA! software source code expected to enhance platform capabilities
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$13.80 mln
$12.60 mln (1 Analyst)
Q2 EPS
-$0.01
Q2 Net Income
-$143,000
Q2 Adjusted EBITDA
Beat
$478,000
-$87,000 (1 Analyst)
Q2 Gross Margin
48.2%
Q2 Operating Income
-$258,000
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the computer hardware peer group is "buy"
Wall Street's median 12-month price target for TransAct Technologies Inc is $5.00, about 22.8% above its August 5 closing price of $3.86
Press Release: ID:nBw28FnNwa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)