Quarterly ResultMay 12, 2026, 04:27 PM
TransAct Q1 Net Sales +10% to $14.4M; Returns to GAAP Profitability
AI Summary
TransAct Technologies reported strong preliminary first-quarter 2026 financial results, with net sales increasing 10% year-over-year to $14.4 million and a return to GAAP profitability with net income of $766 thousand. The company also announced a $3 million share repurchase program and a leadership transition, with CFO Steven A. DeMartino retiring on June 30, 2026, and Robert Campbell, the current Controller, appointed as his successor. CEO John Dillon will also assume the title of President.
Key Highlights
- Board authorized a $3 million share repurchase program over the next 12 months.
- Steven A. DeMartino to retire as CFO, Secretary, and Treasurer effective June 30, 2026.
- Robert Campbell appointed as the new CFO, Secretary, and Treasurer, effective June 30, 2026.
- Q1 2026 net sales increased 10% year-over-year to $14.4 million.
- Q1 2026 net income was $766 thousand, or $0.07 per diluted share, returning to GAAP profitability.
- Q1 2026 FST recurring revenue grew 26% year-over-year to $3.3 million.
- Increased 2026 Adjusted EBITDA guidance to $1 million to $1.75 million.
- Casino and gaming sales rose 24% year-over-year to $8.3 million.