TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, POS automation, and oil and gas. The Company's solutions are designed from the ground up based on customer requirements and are sold under the BOHA! ™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.5 million printers, terminals and other hardware devices around the world and is committed to providing world-class service, spare parts and accessories to support its installed product base. Through the TransAct Services Group, the Company also provides customers with a complete range of supplies and consumable items both online at http://www.transactsupplies.com and through its direct sales team. TransAct is headquartered in Hamden, CT.

Company profile
Ticker
TACT
Exchange
Website
CEO
Bart C. Shuldman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Xerox • Xerox • Logitech International • Fortinet • Corsair Gaming • Palo Alto Networks • Stratasys • Forescout • Identiv • Mandiant ...
SEC CIK
Corporate docs
Subsidiaries
TransAct.com, Inc. • TransAct Technologies (Macau) Limited • TransAct Technologies (United Kingdom) Limited ...
IRS number
61456680
TACT stock data
News

Stocks That Hit 52-Week Lows On Wednesday
6 Jul 22
Stocks That Hit 52-Week Lows On Tuesday
5 Jul 22
Stocks That Hit 52-Week Lows On Monday
13 Jun 22
Stocks That Hit 52-Week Lows On Wednesday
11 May 22
TransAct Technologies Reports Secured Largest BOHA! WorkStation Order For 140 Units, No Specific Terms Disclosed
11 May 22
Calendar
16 May 22
9 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 11.99M | 11.99M | 11.99M | 11.99M | 11.99M | 11.99M |
Cash burn (monthly) | 2.49M | (no burn) | 1.76M | 1.01M | 2.27M | 519.58K |
Cash used (since last report) | 10.71M | n/a | 7.57M | 4.35M | 9.79M | 2.24M |
Cash remaining | 1.28M | n/a | 4.42M | 7.65M | 2.21M | 9.76M |
Runway (months of cash) | 0.5 | n/a | 2.5 | 7.6 | 1.0 | 18.8 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Jul 22 | Emanuel P.N. Hilario | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,025 | 0 | 6,475 |
31 Jul 22 | Emanuel P.N. Hilario | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,025 | 0 | 1,025 |
13 Jun 22 | Bart C Shuldman | Common Stock | Buy | Acquire P | No | No | 3.95 | 2,000 | 7.9K | 111,476 |
10 Jun 22 | Bart C Shuldman | Common Stock | Buy | Acquire P | No | No | 4.45 | 2,000 | 8.9K | 109,476 |
4 May 22 | Dunning Audrey | RSU Common Stock | Grant | Acquire A | No | No | 0 | 6,800 | 0 | 6,800 |
4 May 22 | 325 Capital | RSU Common Stock | Grant | Acquire A | Yes | No | 0 | 6,800 | 0 | 6,800 |
Institutional ownership, Q1 2022
3.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 42 |
Opened positions | 3 |
Closed positions | 2 |
Increased positions | 13 |
Reduced positions | 15 |
13F shares | Current |
---|---|
Total value | 42.84M |
Total shares | 6.06M |
Total puts | 11.2K |
Total calls | 13.2K |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
325 Capital | 1.01M | $7.14M |
Harbert Fund Advisors | 640.17K | $4.52M |
Harbert Discovery Fund | 640.17K | $4.55M |
Wasatch Advisors | 463.55K | $3.27M |
Vanguard | 381.37K | $2.69M |
Uniplan Investment Counsel | 366.36K | $2.59M |
Renaissance Technologies | 342.86K | $2.42M |
Dimensional Fund Advisors | 255.55K | $1.8M |
Punch & Associates Investment Management | 247.09K | $1.74M |
BLK Blackrock | 243.46K | $1.72M |
Financial report summary
?Risks
- We experienced a net loss in 2020 and 2021, anticipate increasing expenses in the future, and we may not be able to achieve, maintain or increase profitability in the future.
- Our operating results and financial condition may fluctuate.
- We purchase component parts and consumable products from third-party and sole source suppliers, and any interference with this supply chain may impact our ability to manufacture and sell our products.
- Our revenue and profitability depend on our ability to continue to develop or license, on a timely basis, new products and technologies which are free from hardware or software anomalies and cannot be fraudulently manipulated, and customer acceptance of such products.
- We rely on an unrelated third-party to develop, maintain and host certain portions of our food service technology software, and any disruption in the relationship with that third-party, or any defects in the software provided by that third-party, could have a material adverse effect on our reputation, business, financial condition and results of operations.
- We compete in highly competitive markets, which are likely to become more competitive. Competitors may be able to respond more quickly to new or emerging technology and changes in customer requirements.
- Our success will depend on our ability to sustain and manage growth.
- We are dependent on sales to one large customer; the loss of this customer or reduction in orders from this customer could materially affect our sales.
- General economic conditions could have a material adverse effect on our business, operating results and financial condition.
- If market conditions deteriorate or future results of operations are less than expected, a valuation allowance may be required for all or a portion of our deferred tax assets.
- We rely on distributors and resellers to sell our products and services.
- We are dependent upon two manufacturers located in Thailand and China for the manufacturing and assembly of our printers and terminals, and their operations were disrupted by the outbreak of COVID-19. The disruption adversely affected the Company’s business, financial conditions and results of operations, and any further or future disruption in their businesses or operations, such as those caused by political, social or economic instability, war, trade restrictions or tariffs, severe weather, additional public health crises and other events out of our control, could materially adversely affect our business, financial condition and results of operations.
- Overestimates or underestimates in our manufacturing forecasts could cause us to hold excess inventory or result in delays in the manufacturing and delivery of our products, which could cause us to lose orders or customers.
- In addition to maintaining offices in the UK and Macau, we sell and ship a significant portion of our products internationally and rely on third-parties that make up our global salesforce. The international nature of our operations may expose us to certain risks associated with doing business outside of the U.S., including risks posed by tariffs and changes in trade relations.
- Catastrophic events or a downturn in economic conditions may disrupt our business.
- We depend on key personnel, the loss of which could materially impact our business.
- The inability to protect our intellectual property rights could harm our reputation, damage our business or interfere with our competitive position, and infringement on the intellectual property rights of others, or claims thereof, could put us at a competitive disadvantage, and any related litigation could be time consuming and costly.
- We currently rely on third-party service providers to host our food service technology software and deliver certain services, and any interruptions or delays in services from these third-parties could impair the delivery of our products and services, and our business, results of operations, and financial condition could be materially adversely affected.
- Our food service technology business depends substantially on our customers renewing their subscriptions with the Company. Any decline in our customer renewals would harm our food service technology business, results of operations and financial condition.
- If we fail to offer high quality support, our business and reputation could suffer.
- Cyber-security and privacy breaches, cyber-attacks, or other disruptions could expose us to liability, affect our business, and damage our reputation.
- We cannot provide any assurance that current laws, or any laws enacted in the future, will not have a material adverse effect on our business.
- The agreement governing our credit facility contains restrictions and limitations that could significantly affect our ability to operate our business, as well as significantly affect our liquidity.
- Our stock price may fluctuate significantly.
- Limited trading volume and a reduction in analyst coverage of our common stock may contribute to its price volatility.
- Our common stock is thinly traded, and investors may be unable to sell their shares at their desired prices, or at all, and sales of large blocks of shares may adversely affect the price of our common stock.
- If we raise additional capital in the future, existing shareholder ownership interest in the Company could be diluted or otherwise adversely impacted, and future sales of our common stock or other financing arrangements may cause our stock price to decline.
- We take advantage of specified scaled disclosure requirements applicable to a “smaller reporting company” under Regulation S-K, and the information that we provide to stockholders may therefore be different than they might receive from other public companies. If some investors find our shares of common stock less attractive as a result of this scaled disclosure, there may be a less active trading market for our shares of common stock, which may increase the volatility of the market price of our common stock.
Content analysis
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New words:
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Removed:
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Financial reports
Current reports
8-K
Entry into a Material Definitive Agreement
25 Jul 22
8-K
Departure of Directors or Certain Officers
22 Jun 22
8-K
Amendments to Articles of Incorporation or Bylaws
2 Jun 22
8-K
TransAct Technologies Reports Preliminary First Quarter 2022 Financial Results
10 May 22
8-K
TransAct Technologies Announces Cooperation Agreement with 325 Capital and Harbert Discovery Fund
31 Mar 22
8-K
TransAct Technologies Reports Preliminary Fourth Quarter and Full Year 2021 Financial Results
9 Mar 22
8-K
Other Events
10 Feb 22
8-K
TransAct Technologies Reports Preliminary Third Quarter 2021 Financial Results
9 Nov 21
8-K
Other Events
20 Aug 21
8-K
TransAct Technologies Announces Proposed Public Offering of Common Stock
16 Aug 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
13 Aug 21
424B2
Prospectus for primary offering
11 Aug 21
424B5
Prospectus supplement for primary offering
14 Oct 20
424B5
Prospectus supplement for primary offering
13 Oct 20
S-3
Shelf registration
17 Aug 20
S-8
Registration of securities for employees
17 Aug 20
S-8
Registration of securities for employees
12 Nov 17
S-8
Registration of securities for employees
31 Mar 15
S-8
Registration of securities for employees
9 Nov 10
Proxies
DEFA14A
Additional proxy soliciting materials
18 Apr 22
DEFA14A
Additional proxy soliciting materials
31 Mar 22
DEFA14A
Additional proxy soliciting materials
10 Feb 22
DEFA14A
Additional proxy soliciting materials
12 Apr 21
PRE 14A
Preliminary proxy
2 Apr 21
DEFA14A
Additional proxy soliciting materials
23 Apr 20
DEF 14A
Definitive proxy
23 Apr 20
Other
EFFECT
Notice of effectiveness
22 Nov 21
CORRESP
Correspondence with SEC
16 Nov 21
UPLOAD
Letter from SEC
15 Nov 21
SD
Conflict minerals disclosure
1 Jun 21
EFFECT
Notice of effectiveness
24 Aug 20
CORRESP
Correspondence with SEC
18 Aug 20
UPLOAD
Letter from SEC
17 Aug 20
SD
Conflict minerals disclosure
1 Jun 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
Ownership
4
TRANSACT / Emanuel P.N. Hilario ownership change
1 Aug 22
3
TRANSACT / BRYANT R RILEY ownership change
14 Jul 22
4
TRANSACT / BART C SHULDMAN ownership change
14 Jun 22
SC 13D/A
TRANSACT / B. Riley Financial ownership change
13 May 22
4
TRANSACT / DANIEL M. FRIEDBERG ownership change
6 May 22
4
TRANSACT / Audrey Dunning ownership change
6 May 22
SC 13D/A
TRANSACT / B. Riley Financial ownership change
14 Apr 22
3
TRANSACT / Audrey Dunning ownership change
11 Apr 22
SC 13G/A
TRANSACT / WASATCH ADVISORS ownership change
7 Apr 22
SC 13D
TRANSACT / B. Riley Financial ownership change
6 Apr 22
Patents
Utility
Spindle assembly for a printer for accommodating paper rolls of different sizes
13 Apr 21
A spindle assembly capable of accommodating paper rolls of varying sizes is provided.
Utility
Cutter mechanism for a printer and methods of cutting paper media in a printer
30 Mar 21
A cutter mechanism for a printer is provided.
Design
Terminal with integral printers
2 Mar 21
Inventors: Bart C. Shuldman, Donald E. Brooks, Michael Sizer, David E. Weeks, Bruce Harris, Richard A. Monroe, David Block, Miguel Ortiz
Utility
Printer paper bucket with rotating spindle mechanism for accommodating media rolls of varying width
2 Feb 21
A paper bucket for a printer with a self-adjusting spindle mechanism capable of accommodating media rolls of varying width is provided, together with a printer having such a paper bucket and corresponding method.
Utility
Pivot mechanism for a printer and a printer with a pivoting printer housing
19 Oct 20
A pivot mechanism for a printer is provided, the pivot mechanism comprising a pivot base and two oppositely disposed side walls extending perpendicular to the pivot base.
Transcripts
2022 Q1
Earnings call transcript
15 May 22
2021 Q4
Earnings call transcript
10 Mar 22
2021 Q3
Earnings call transcript
14 Nov 21
2021 Q2
Earnings call transcript
7 Aug 21
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
10 Mar 21
2020 Q3
Earnings call transcript
7 Nov 20
2020 Q2
Earnings call transcript
9 Aug 20
2020 Q1
Earnings call transcript
9 May 20
2019 Q4
Earnings call transcript
10 Mar 20
Reddit threads
Daily Discussion Thread - August 9th, 2022
9 Aug 22
Transact Technologies (TACT), a new Fast growing SaaS business covering up the stable and profitable legacy business.
18 Jun 22
Daily Discussion Thread - May 10th, 2022
10 May 22
Daily Discussion Thread - May 9th, 2022
9 May 22
Q1 2022 Letters & Reports
13 Apr 22
Daily Discussion Thread - March 9th, 2022
9 Mar 22
Daily Discussion Thread - March 8th, 2022
8 Mar 22
Daily Discussion Thread - March 7th, 2022
7 Mar 22
What are some good value tech stocks to own for GARP approach?
8 Jan 22
Small cap value stocks for 2022
1 Jan 22