- TransAct Technologies (TACT, Financial) achieved an all-time high in terminal sales during Q1 2025.
- FST revenue increased by 49% year-over-year.
- Casino and gaming sales grew 18% year-over-year and 41% sequentially.
TransAct Technologies Incorporated (TACT), a leader in software-driven technology and printing solutions, has announced its preliminary financial results for the first quarter of 2025. The company reported record sales of 2,350 BOHA! terminal units, driving a 49% increase in revenue from Food Service Technology (FST) compared to the previous year.
The casino and gaming segment also experienced significant growth, with sales increasing by 18% year-over-year to $6.7 million, and a 41% sequential improvement. This performance was bolstered by strategic wins in emerging markets including a major contract to upgrade 1,400 BOHA! units for a large convenience store chain and a national healthcare food service contract.
For the quarter ending March 31, 2025, TransAct reported net sales of $13.1 million, marking a rise of 28% sequentially and 22% from the same period in 2024. Although the gross margin dipped slightly to 48.7% from the previous year's 52.6%, gross profit climbed to $6.4 million from $5.6 million in the previous year.
TransAct's net income for Q1 2025 stood at $19 thousand compared to a loss of $1.0 million during the same quarter last year. The earnings before interest, taxes, depreciation, and amortization (EBITDA) improved markedly to $221 thousand, with adjusted EBITDA reaching $544 thousand.
The company has also decided to suspend its strategic review process, opting instead to focus on organic growth, given current macroeconomic uncertainties. TransAct will continue to evaluate potential opportunities to maximize shareholder value.
Looking ahead, TransAct anticipates full-year 2025 net sales between $47 million and $52 million, with adjusted EBITDA expectations ranging from breakeven to a loss of $1.5 million.
