TACT News & Events

TransAct Technologies announced the appointment of Robert Campbell as CFO, effective upon the June 30 retirement of long-time CFO, Steven DeMartino. Additionally, TransAct announced that William DeFrances, the company's Principal Accounting Officer, will retire later this year. As part of a planned succession ahead of DeFrances' retirement, Campbell has been named Principal Accounting Officer, effective immediately. DeFrances will continue to serve as an advisor after his retirement to help ensure a smooth transition. Prior to joining TransAct, Campbell held senior finance leadership roles at Lydall, Inc., including Director of Global Treasury and Director of Corporate Accounting, where he was responsible for global treasury operations, SEC reporting, financial consolidations, and capital structure management.

Reports Q4 revenue $11.5M vs. $10.2M last year. "We delivered a strong fourth quarter and full year, with BOHA! terminal sales up 36% to 7,317 units for the year and record label revenue in Q4. These results reflect meaningful progress in our go-to-market execution and growing customer adoption of our food service technology (FST) solutions," said John Dillon, Chief Executive Officer of TransAct. "With all rights to the BOHA! software now in hand and full ownership of all associated modifications, innovations and licensing models now secured, we believe that software is unequivocally our growth engine going forward. We're positioned to accelerate innovation, introduce new applications, and drive margin expansion through recurring revenue. Our casino and gaming market also performed well and continues to provide steady cash flow to fund these FST investments. We remain committed to fiscal discipline as we pursue this software-driven transformation to create long-term value for stockholders."

TransAct Technologies (TACT) "announced the appointment of Dana Loof as Chief Marketing Officer. Ms. Loof has a 30-year track record leading high-growth technology companies, where she has been responsible for global marketing strategy, brand strategy and positioning, category building, revenue generation, and customer engagement initiatives. Prior to joining TransAct, Ms. Loof worked as an independent consultant providing chief marketing officer services and served as Chief Marketing Officer at Evolv Technologies Holdings (EVLV)."

TransAct Technologies announced that one of the nation's largest sushi franchise operators has approved and placed multiple initial orders for TransAct's new BOHA! Terminal 2 LTE, totaling 596 units. These orders are part of a broader initiative to modernize the network's 2,108 locations over time, all of which are expected to eventually receive BOHA! Terminal 2 LTE units.