Docoh
Loading...

TACT Transact

TransAct Technologies, Inc. operates as a software-driven technology and printing solutions company. It engages in food safety, POS automation, casino and gaming, lottery, mobile and oil and gas. The firm's products are sold under the AccuDate, EPICENTRAL, Epic, Ithaca, RESPONDER and Printrex brands. It supplies consumables used in the printing and scanning activities of customers in the hospitality, banking, retail, gaming, government and oil and gas exploration markets. The company was founded in June 1996 and is headquartered in Hamden, CT.

Company profile

Ticker
TACT
Exchange
CEO
Bart C. Shuldman
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
61456680

TACT stock data

(
)

Calendar

13 May 21
24 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Transact earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 8.73M 8.73M 8.73M 8.73M 8.73M 8.73M
Cash burn (monthly) 543.67K (positive/no burn) 888.67K 795.33K 1.03M 252.75K
Cash used (since last report) 1.52M n/a 2.48M 2.22M 2.87M 704.46K
Cash remaining 7.21M n/a 6.25M 6.51M 5.85M 8.02M
Runway (months of cash) 13.3 n/a 7.0 8.2 5.7 31.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Jun 21 Bart C Shuldman Common Stock Grant Aquire A No No 6.7 5,000 33.5K 86,999
17 Jun 21 Bart C Shuldman Stock Option Common Stock Option exercise Dispose M No No 6.7 5,000 33.5K 17,500
22 May 21 John Dillon Common Stock Grant Aquire A No No 0 1,175 0 57,950
22 May 21 John Dillon RSU Common Stock Option exercise Dispose M No No 0 1,175 0 0
22 May 21 Bart C Shuldman Common Stock Grant Aquire A No No 0 2,740 0 81,999
22 May 21 Bart C Shuldman RSU Common Stock Option exercise Dispose M No No 0 4,050 0 0
22 May 21 Steven A Demartino Common Stock Grant Aquire A No No 0 773 0 73,169
22 May 21 Steven A Demartino RSU Common Stock Option exercise Dispose M No No 0 1,275 0 0
19 May 21 Raymond T Walsh JR Common Stock Sell Dispose S No No 13.02 3,750 48.83K 0
19 May 21 Raymond T Walsh JR Common Stock Option exercise Aquire M No No 7.17 750 5.38K 3,750

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

49.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 40 40
Opened positions 5 13 -61.5%
Closed positions 5 1 +400.0%
Increased positions 17 7 +142.9%
Reduced positions 6 9 -33.3%
13F shares
Current Prev Q Change
Total value 189.82M 119.62M +58.7%
Total shares 4.41M 4.04M +9.1%
Total puts 0 0
Total calls 24.7K 35.1K -29.6%
Total put/call ratio
Largest owners
Shares Value Change
Harbert Fund Advisors 573.91K $6.24M +4.1%
Uniplan Investment Counsel 388.75K $4.23M +101.5%
Renaissance Technologies 388.74K $4.23M -9.3%
Vanguard 364.52K $3.96M +0.5%
Roubaix Capital 297.01K $3.23M NEW
BLK Blackrock 286.05K $3.11M +2.6%
Dimensional Fund Advisors 263.99K $2.87M +0.5%
Cowen Prime Services 252.57K $2.75M +2.1%
Punch & Associates Investment Management 252.2K $2.74M 0.0%
Union Square Park Capital Management 136.03K $1.48M +141.6%
Largest transactions
Shares Bought/sold Change
Roubaix Capital 297.01K +297.01K NEW
Uniplan Investment Counsel 388.75K +195.8K +101.5%
Kennedy Capital Management 0 -144.62K EXIT
Union Square Park Capital Management 136.03K +79.72K +141.6%
Granahan Investment Management 0 -79.42K EXIT
Renaissance Technologies 388.74K -39.81K -9.3%
Bridgeway Capital Management 116.72K +35.72K +44.1%
Connors Investor Services 0 -33.79K EXIT
Harbert Fund Advisors 573.91K +22.54K +4.1%
Millennium Management 0 -15.11K EXIT

Financial report summary

?
Risks
  • We experienced a net loss in 2020, 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.
  • 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.
  • Material weaknesses in our internal control over financial reporting have been identified, and if we are unable to implement and maintain effective internal control over financial reporting, or our independent registered public accounting firm is unable to provide an unqualified report thereon, we could be materially adversely affected.
  • 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.
  • Fluctuations in oil and gas prices could adversely affect drilling and exploration activities by oil and gas companies and our revenue in our Printrex market. If oil and gas prices remain volatile, or if oil or gas prices decline, the demand for our Printrex products could be adversely affected.
  • 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 China and Thailand 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, 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.
  • 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.
  • 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 the UK’s withdrawal from the European Union, tariffs, and changes in trade relations.
  • Our business could be adversely affected by actual or threatened terrorist attacks or the related heightened security measures, military actions and other efforts to combat terrorism.
  • 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.
  • We may not be entitled to forgiveness of our PPP Loan.
  • 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
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: Android, center, conformity, contemplated, covered, CT, cut, facing, focused, FST, Hamden, integrated, invoiced, license, licensor, longer, model, national, Regulation, resurgence, smaller, submitted, UK, unbilled, workstation
Removed: accounted, acquire, acquired, adequately, advanced, amortized, analyzing, annually, applied, approach, approximation, arising, asset, assist, authorized, begin, bring, broader, buildup, calculate, capitalization, carrying, certification, commissioned, committed, commonly, conflict, conflicting, consulting, contractual, correspondingly, created, critical, curtailed, decided, declared, deposit, description, determined, difficult, director, downturn, elimination, evaluating, exceeded, exit, expanded, exposure, fluctuate, furlough, grab, improve, inappropriate, launch, loaned, long, low, lowest, magnitude, maintained, maximizing, occurring, Organization, outbreak, personnel, predict, prevailing, proper, provisioning, rapid, recent, recertification, reclassified, recourse, reducing, relinquishment, remove, repurchase, restrict, retainer, review, reviewed, salaried, scanning, segregation, set, settlement, shift, spend, strain, teller, temporary, transactional, treasury, turbulent, unable, unamortized, unearned, upgraded, user, utilized, view, widely, widespread, withdrawal, workforce