Slot machine printer specialist TransAct Technologies Inc reported casino and gaming equipment sales of US$5.1 million for the third quarter, down by 8.9 percent from the prior-year period.
This was the third consecutive quarter of casino and gaming equipment sales decline for TransAct as measured in year-on-year terms. TransAct’s casino and gaming product segment includes ticket printers for gaming machines.
Revenue from the segment was negatively affected by lower year-on-year sales to international customers, offsetting a 14-percent increase in casino printer sales in the domestic market, the U.S.-based firm said in a statement issued on Wednesday.
“We remain confident that our recent decision to bring all European casino sales in-house will lead to an improvement in international casino and gaming contributions going forward,” said Bart Shuldman, chairman and chief executive of TransAct, in comments included in Wednesday’s statement.
TransAct’s total net sales revenue for the third quarter– including non-gaming related segments – was US$15.5 million, up 7.3 percent in year-on-year terms. Casino and gaming sales were the main revenue contributor, accounting for 32.9 percent of the total.
Net income doubled in year-on-year terms to US$1.8 million in the third quarter of 2017.
TransAct on Monday announced its board of directors declared a quarterly cash dividend of US$0.09 per share. The dividend will be payable on December 15 to shareholders of record at the close of business on November 20.
