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TransAct Technologies posts Q3 net loss as casino, gaming sales decline

By Reuters News


Overview

  • SaaS hardware provider's preliminary Q3 net sales rose 10% yr/yr, led by FST segment growth

  • Company posted a preliminary Q3 net loss as casino and gaming sales declined 11% yr/yr

  • TransAct revised 2026 revenue and adjusted EBITDA guidance downward


Outlook

  • TransAct now expects 2026 net sales of $55 mln to $56 mln

  • Company now expects 2026 adjusted EBITDA outlook to be between $1.5 mln and $1.75 mln

  • TransAct expects softer demand in Casino and Gaming to continue into Q4


Result Drivers

  • FST SEGMENT GROWTH - Co said Q3 revenue growth was driven by a 33% yr/yr increase in food service technology sales, with hardware, software, and labels all contributing

  • SOFTWARE REVENUE - Software revenue rose 61% yr/yr, helped by pricing actions, new account wins and bundled software packages, according to CEO John Dillon

  • CASINO AND GAMING DECLINE - Casino and gaming sales fell 11% yr/yr, which the company attributed to cyclical softness and a weaker demand environment


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Beat

$14.44 mln

$13.90 mln (1 Analyst)

Q3 Loss Per Share

$0.04

Q3 Net Loss

$440,000

Q3 Adjusted EBITDA

$289,000

Q3 Gross Margin

46.40%

Q3 Operating Income

-$415,000


Analyst Coverage

  • Wall Street's median 12-month price target for TransAct Technologies Inc is $7.00, about 42% above its November 11 closing price of $4.93


Reuters Recommended Reads

  • Nov 9 - Trade Desk Q3 revenue beats analyst estimates

  • Nov 9 - Sanmina Q4 revenue, adjusted EPS beat analyst estimates on core business growth

  • Nov 10 - 908 Devices Q3 revenue growth beats estimates; hikes forecast


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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