TransAct Technologies Inc, a supplier of slot machine printers, casino-player management software and food-safety management technology, reported first-quarter net sales of just under US$13.1 million, a 22.1-percent increase from a year earlier, according to a Wednesday press release.
Sales in the casino and gaming segment rose by 18.0 percent year-on-year, to just over US$6.7 million in the three months to March 31.
First-quarter sales in the group’s food service technology segment rose by 48.7 percent year-on-year, to US$4.9 million.
TransAct reported a net income of US$19,000 for the January to March period, compared with a US$1.0-million loss in the prior-year period.
The company reported adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) of US$544,000 in the three months to March 31, compared with negative adjusted EBITDA of US$701,000 a year earlier.
John Dillon, TransAct’s chief executive, said in prepared remarks that the company “started the year with a solid first quarter”.
“We’re pleased with the positive net income and adjusted EBITDA, reflecting our operational discipline and the continued success of our revised go-to-market strategies,” stated the CEO.
He added: “This positions us well to build upon our team’s ability to continue improving our year-over-year results for the balance of 2025.”
In Wednesday’s update, TransAct said it expected to record in 2025 total net sales of between US$47 million and US$52 million, with total adjusted EBITDA to be between “breakeven and negative US$1.5 million”.
The company also said its board has decided to “suspend” the previously-announced strategic review process.
“Due to increasing levels of macro-economic uncertainty and given the increased momentum in both the food service technology and casino businesses, the company intends to focus on incremental organic growth initiatives and investing in company growth where most prudent,” stated TransAct.
It added: “If and when conditions improve or opportunities arise, the board will consider resuming the process.”
