TACT Earnings Prediction
The chart below shows how TACT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TACT sees a +1.66% change in stock price 10 days leading up to the earnings, and a +2.27% change 10 days following the report. On the earnings day itself, the stock moves by -0.26%. This data can give you a slight idea of what to expect for the next quarter's release.
TACT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
10.87M
-36.78%
-6.31%
Gross Margin
48.10%
-7.27%
-8.69%
Operating Margin
-7.70%
-211.11%
103.70%
Net Margin
-5.07%
-196.20%
84.36%
EPS
-0.06
-166.67%
100.00%
No Data Available
TACT Earnings Analysis
Transact Technologies Inc Corporation (TACT.O) Earnings Conference Call
Positive
Quarterly Sales Performance: Total sales for the quarter were $10.9 million.
Food Service Technology Sales: FST food service technology sales were $4.3 million, which was up 3% sequentially and also up 2% compared to $4.2 million in the prior year period.
Hardware Sales Increase: FST hardware sales were up 30% year-over-year and up approximately 3% sequentially.
Quarterly Sales Increase: We sold 1,355 units in the quarter, which was up 90% from the prior period a year ago.
Operating Expenses Decrease: Our total operating expenses for the third quarter decreased by 22% from the prior year third quarter to $6.1 million.
Negative
Quarterly Sales Decline: Total net sales for the third quarter were $10.9 million, which was down 6% sequentially and down 37% compared to $17.2 million in the prior year period.
Recurring FST Sales Performance: Our recurring FST sales, which includes software and service subscriptions for the third quarter were $2.9 million. That was up 3% sequentially, but it was down 8% compared to $3.1 million in the prior year period.
ARPU Decline Analysis: Our ARPU for the third quarter of '24 was $700. That was down 3% sequentially and down 25% compared to $929 in the third quarter of last year.
Gross Margin Decline: Our third quarter gross margin was 48.1%, which was down from 51.9% in the prior year period. This comes as a result of lower overall sales volume, including significantly lower casino and gaming sales that are higher margins.
Operating Loss Comparison: For the third quarter, our operating loss was $837,000 or negative 7.7% of net sales compared to operating income of $1.2 million or 6.9% of net sales in the prior year period.
TACT FAQs
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TACT Earning Call Sentiment
TransAct Technologies Incorporated (TACT) Q3 2024 Earnings Call Transcript
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00:00
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TACT.O
0.25%Positive
The earnings call shows significant financial challenges, including a 37% decline in total sales, a 50% drop in casino and gaming sales, and a negative adjusted EBITDA. Despite cost-cutting measures, the absence of a share repurchase program and vague guidance on market recovery contribute to a negative sentiment. The Q&A section reveals ongoing issues with inventory oversupply and competitive pressures, further dampening outlook. The revised revenue outlook and lack of strong positive catalysts suggest a likely negative stock price reaction in the short term.
