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Transact (TACT)

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
CEO
Bart C. Shuldman
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
TransAct.com, Inc. • TransAct Technologies (Macau) Limited • TransAct Technologies (United Kingdom) Limited ...
IRS number
61456680

TACT stock data

Calendar

16 May 22
9 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
3.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 42 41 +2.4%
Opened positions 3 2 +50.0%
Closed positions 2 4 -50.0%
Increased positions 13 9 +44.4%
Reduced positions 15 13 +15.4%
13F shares Current Prev Q Change
Total value 42.84M 61.53M -30.4%
Total shares 6.06M 5.98M +1.4%
Total puts 11.2K 0 NEW
Total calls 13.2K 0 NEW
Total put/call ratio 0.8
Largest owners Shares Value Change
325 Capital 1.01M $7.14M +6.5%
Harbert Fund Advisors 640.17K $4.52M +4.1%
Harbert Discovery Fund 640.17K $4.55M +29.1%
Wasatch Advisors 463.55K $3.27M -18.4%
Vanguard 381.37K $2.69M -0.5%
Uniplan Investment Counsel 366.36K $2.59M -1.0%
Renaissance Technologies 342.86K $2.42M -1.9%
Dimensional Fund Advisors 255.55K $1.8M -2.4%
Punch & Associates Investment Management 247.09K $1.74M -0.8%
BLK Blackrock 243.46K $1.72M +0.3%
Largest transactions Shares Bought/sold Change
Harbert Discovery Fund 640.17K +144.34K +29.1%
Wasatch Advisors 463.55K -104.26K -18.4%
Union Square Park Capital Management 0 -81.33K EXIT
Boothbay Fund Management 81.13K +81.13K NEW
325 Capital 1.01M +61.91K +6.5%
Roubaix Capital 184.76K +53.64K +40.9%
Cowen Prime Advisors 214.92K -37.15K -14.7%
Harbert Fund Advisors 640.17K +25K +4.1%
Bridgeway Capital Management 37.62K -20.3K -35.0%
Mesirow Financial Investment Management 0 -18.94K EXIT

Financial report summary

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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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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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