T
TRANSACT TECHNOLOGIES INC
TACTCIK 0001017303NasdaqNon-AcceleratedSmaller ReportingComputer Peripheral Equipment, NecDelawareFY ends Dec 31
Period
FY 2025
Revenue
$51.48M
Net Income
$-1.24M
Total Assets
$44.77M
Equity
$31.12M
Shares Out
10.24M
Op. Cash Flow
$7.67M
Business
TRANSACT TECHNOLOGIES INC develops and sells software-driven technology and thermal printing solutions for food service technology, point-of-sale automation, and casino and gaming markets. It offers thermal printers and terminals, the BOHA! food service hardware and cloud-based SaaS applications, EPICENTRAL print software, consumables, spare parts, extended service contracts and technical support. The business operates through a single reportable segment encompassing product design, development, marketing and related services including TransAct Services Group (TSG). Its products are sold to OEMs, resellers, distributors and end users across the Americas, EMEA, Asia-Pacific and other international markets.
Summary from filing dated 2025-03-24
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 51 | 43 | 73 | 58 | 39 | |
| Cost of sales | 26 | 22 | 34 | 34 | 24 | |
| Gross profit | 25 | 21 | 38 | 24 | 15 | |
| Engineering, design and product development | 7 | 7 | 9 | 9 | 8 | |
| Selling and marketing | 8 | 8 | 10 | 11 | 8 | |
| General and administrative | 11 | 10 | 13 | 12 | 10 | |
| Operating expenses | 26 | 25 | 33 | 32 | 25 | |
| Operating loss | −1 | −4 | 6 | −8 | −9 | |
| Interest expense | −339,000 | −322,000 | −310,000 | — | — | |
| Interest income | 537,000 | 469,000 | 55,000 | 0 | 61,000 | |
| Other, net | 133,000 | −89,000 | 452,000 | −16,000 | −283,000 | |
| Interest and other income (expense) | 331,000 | 58,000 | 197,000 | −224,000 | 3 | |
| Loss before income taxes | −1 | −4 | 6 | −8 | −6 | |
| Income tax expense | −156,000 | −6 | −1 | 2 | 2 | |
| Net loss | −1 | −10 | 5 | −6 | −4 | |
| Basic (in dollars per share) | −0.12 | −0.99 | 0.48 | −0.6 | −0.43 | |
| Diluted (in dollars per share) | −0.12 | −0.99 | 0.47 | −0.6 | −0.43 | |
| Basic (in shares) | 10 | 10 | 10 | 10 | 9 | |
| Diluted (in shares) | 10 | 10 | 10 | 10 | 9 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 20 | 14 | 12 | 8 | 19 | |
| Accounts receivable, net of allowance for expected credit losses of $476 and $474 | 6 | 7 | 10 | 14 | 8 | |
| Inventories | 11 | 16 | 18 | 12 | 8 | |
| Prepaid income taxes | 399,000 | 401,000 | 322,000 | 0 | 137,000 | |
| Other current assets | 754,000 | 899,000 | 773,000 | 724,000 | 738,000 | |
| Total current assets | 39 | 38 | 41 | 36 | 37 | |
| Fixed assets, net of accumulated depreciation of $18,519 and $19,468 | 1 | 2 | 2 | 3 | 3 | |
| Right-of-use assets, net | 557,000 | 1 | 2 | 2 | 3 | |
| Goodwill | 3 | 3 | 3 | 3 | 3 | |
| Intangible assets, net of accumulated amortization of $1,606 and $1,606 | 2 | 0 | 88,000 | 242,000 | 397,000 | |
| Other assets | 37,000 | 92,000 | 163,000 | 248,000 | 400,000 | |
| Total noncurrent assets | 6 | 6 | 13 | 16 | 14 | |
| Total assets | 45 | 44 | 54 | 52 | 51 | |
| Revolving loan payable | 3 | 3 | 2 | 2 | 0 | |
| Accounts payable | 4 | 5 | 4 | 7 | 4 | |
| Accrued liabilities | 5 | 3 | 5 | 4 | 4 | |
| Lease liabilities | 346,000 | 955,000 | 929,000 | 875,000 | 789,000 | |
| Deferred revenue | 1 | 1 | 1 | 1 | 805,000 | |
| Total current liabilities | 13 | 13 | 14 | 16 | 10 | |
| Deferred revenue, net of current portion | 355,000 | 246,000 | 209,000 | 143,000 | 186,000 | |
| Lease liabilities, net of current portion | 215,000 | 231,000 | 720,000 | 2 | 2 | |
| Other liabilities | 35,000 | 40,000 | 219,000 | 218,000 | 187,000 | |
| Total noncurrent liabilities | 605,000 | 517,000 | 1 | 2 | 2 | |
| Total liabilities | 14 | 13 | 15 | 18 | 12 | |
| Commitments and contingencies (see Notes 9 and 15) | — | — | — | — | — | |
| Preferred stock | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.01 par value, 20,000,000 authorized at December 31, 2025 and 2024; 14,170,676 and 14,068,049 shares issued; 10,125,834 and 10,023,207 shares outstanding, at December 31, 2025 and 2024, respectively | 141,000 | 141,000 | 140,000 | 139,000 | 139,000 | |
| Additional paid-in capital | 60 | 58 | 57 | 56 | 55 | |
| Retained earnings | 3 | 5 | 14 | 10 | 16 | |
| Accumulated other comprehensive loss, net of tax | −14,000 | −54,000 | −49,000 | −79,000 | 143,000 | |
| Treasury stock, 4,044,842 shares, at cost | −32 | −32 | −32 | −32 | −32 | |
| Total shareholders' equity | 31 | 31 | 39 | 34 | 39 | |
| Total liabilities and shareholders' equity | 45 | 44 | 54 | 52 | 51 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Share-based compensation expense | 2 | 1 | 860,000 | 1 | 1 | |
| Depreciation and amortization | 672,000 | 1 | 1 | 1 | 957,000 | |
| Deferred income taxes | 0 | 6 | 1 | −2 | −2 | |
| Loss on disposal of fixed assets | 17,000 | 0 | — | — | — | |
| Foreign currency transaction (gains) losses | −239,000 | 89,000 | −30,000 | 6,000 | — | |
| Accounts receivable | 179,000 | 3 | 4 | −6 | — | |
| Inventories | 5 | 2 | −6 | −4 | 3 | |
| Prepaid income taxes | 22,000 | −80,000 | −322,000 | 137,000 | 2 | |
| Other current and long-term assets | 176,000 | −43,000 | −10,000 | 167,000 | 322,000 | |
| Accounts payable | −1 | 149,000 | −3 | 3 | 3 | |
| Accrued liabilities and other liabilities | 2 | −2 | 650,000 | 754,000 | 592,000 | |
| Net cash provided by operating activities | 8 | 2 | 6 | −12 | −3 | |
| Capital expenditures | −109,000 | −322,000 | −901,000 | −1 | −1 | |
| Capitalized software development costs | −2 | 0 | — | — | — | |
| Net cash used in investing activities | −2 | −322,000 | −901,000 | −1 | 222,000 | |
| Proceeds from bank borrowings | 0 | 750,000 | 0 | 2 | 0 | |
| Withholding taxes paid on stock issuance | −119,000 | −71,000 | −87,000 | −119,000 | −133,000 | |
| Payment of bank financing costs | 0 | −45,000 | 0 | −69,000 | −31,000 | |
| Net cash (used in) provided by financing activities | −119,000 | 634,000 | −87,000 | 2 | 11 | |
| Effect of exchange rate changes on cash and cash equivalents | 97,000 | −100,000 | −144,000 | −54,000 | −86,000 | |
| Increase in cash and cash equivalents | 6 | 2 | 4 | −12 | 9 | |
| Interest paid | 317,000 | 272,000 | 268,000 | 129,000 | 76,000 | |
| Income taxes paid | 162,000 | 499,000 | 160,000 | 62,000 | 57,000 | |
| Non-cash capital expenditures | 15,000 | 9,000 | 23,000 | 54,000 | 82,000 |
Filings
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