TACT News & Events

TransAct Technologies announced the continued success of its OEM partnership with MedVantage. Now in its third year, the partnership has driven significant adoption of TransAct's purpose-built hardware and SaaS platform solutions bringing efficiency and visibility to the back-of-house operations in food service. Through the agreement, MedVantage serves as an OEM distributor of TransAct's food service technology, supporting GoFreshDate Kiosk. "MedVantage has been an outstanding partner in bringing our back-of-house food service technology to market," said John Dillon, Chief Executive Officer at TransAct Technologies. "Their deep relationships and domain expertise in healthcare environments have accelerated adoption of our solutions. Together, we are helping organizations modernize their operations while improving food safety and compliance."

The company now expects full year 2026 adjusted EBITDA to be between $1M-$1.75M.

TransAct Technologies announced that its Board of Directors has authorized a share repurchase program of up to $3M of the company's outstanding common stock over the next 12 months. This authorization reflects TransAct's continued confidence in its strategic direction, strong balance sheet, and long-term growth opportunities, driven by the BOHA! platform's recurring revenue model and strengthened by TransAct's EPIC line of casino and gaming printing solutions.

Reports Q1 revenue $14.4M vs. $13.1M last year. We are pleased to report a solid start to 2026, with first quarter net sales of $14.4 million, up 10% year-over-year, and a return to GAAP profitability," said John Dillon, Chief Executive Officer of TransAct. "The performance was broad-based, with casino and gaming sales rising 24% year-over-year and generating strong cash flow to support our Food Service Technology initiatives. Recurring FST revenue grew 26% to $3.3 million, driven by robust label sales. Gross margin expanded 160 basis points to 50.3%, resulting in operating income of $0.8 million. "As we sharpen our focus on software growth, we are working diligently to ensure our Terminal users both pay for and realize the full value of our software suite, which we expect will accelerate growth in our recurring revenue base."