Financial Data and Key Metrics Changes - Total revenue for Q4 2024 was $10.2 million, down 23% from $13.3 million in Q4 2023 [35] - Full year 2024 net sales were $43.4 million, a decrease of 40% compared to $72.6 million in 2023 [35] - Gross margin for Q4 2024 was 44.2%, down from 48% in the prior year [42] - Full year gross margin was 49.5%, compared to 52.9% in 2023 [42] - Net loss for Q4 2024 was $8 million, or $0.79 per diluted share, compared to a net loss of $62,000, or $0.01 per share in the year-ago period [55] - Full year net loss was $9.9 million, or $0.99 per diluted share, compared to net income of $4.7 million, or $0.47 per diluted share in 2023 [55] Business Line Data and Key Metrics Changes - Food Service Technology (FST) revenue for Q4 was $4.3 million, approximately flat sequentially but down 9% year-over-year [36] - Full year FST revenue was $16.1 million, down 1% from $16.3 million in 2023 [36] - Casino and gaming revenue for Q4 was $4.8 million, up 14% year-over-year [38] - Full year casino and gaming sales were $20.3 million, down 51% year-over-year [38] - POS automation sales for Q4 decreased 74% year-over-year to $411,000 [39] - TransAct Services Group (TSG) sales for Q4 were $759,000, down 73% from $2.8 million in the prior year [41] Market Data and Key Metrics Changes - The company noted a recovery in the casino and gaming market, with all major domestic OEM partners back in buying positions [19][70] - The international side of the casino and gaming market is expected to strengthen, with some OEMs still working through inventory but anticipated to return to buying in the latter half of 2025 [71] Company Strategy and Development Direction - The company is focused on maximizing shareholder value through a strategic review process initiated in Q4 2023 [26] - The management team is considering all options to enhance shareholder value, indicating a proactive approach to potential partnerships or strategic events [26][29] - The company aims to continue improving its go-to-market strategies and internal sales motions to drive growth [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the momentum in terminal placements, expecting continued upward trends throughout 2025 [10] - The company anticipates total revenue for 2025 to be between $47 million and $52 million, with adjusted EBITDA expected to range from breakeven to a negative $2 million [30] - Management acknowledged the complexities of operating two distinct business lines and the challenges in evaluating their respective market opportunities [79] Other Important Information - The company completed the rollout of the Epic TR80 thermal roll printer, which is expected to fuel additional sales in the casino and gaming sector [20] - The company has a solid balance sheet, finishing the year with $14.4 million in cash, up from $2.1 million at the end of 2023 [57] - The credit facility was successfully renewed, providing sufficient liquidity for at least the next twelve months [58] Q&A Session Summary Question: Contribution of large QSR customer to terminal installations - Management indicated that the large QSR customer contributed a significant portion of terminal installations, but not more than half [63] Question: Outlook for 2025 and new client contributions - Management expects contributions from new clients and expansion with existing customers, including the large QSR [66] Question: Growth expectations for casino and gaming segment - Management confirmed expectations for growth in the casino and gaming segment in 2025, with all domestic OEMs back to buying [70] Question: Revenue impact from exiting C-store customer - Management disclosed that the exiting C-store customer represented about $3 to $4 million in annualized revenue, with half of that impacting 2024 [75] Question: Complexity of strategic review process - Management explained that the complexity arises from operating two different businesses and the need for detailed evaluations of each [79] Question: Market opportunity for Epic TR80 - Management highlighted the large and growing market potential for the Epic TR80, particularly in the sports betting sector [84]

Financial Data and Key Metrics Changes - Total revenue for Q4 2024 was $10.2 million, down 23% from $13.3 million in Q4 2023 [35] - Full year 2024 net sales were $43.4 million, a decrease of 40% compared to $72.6 million in 2023 [35] - Gross margin for Q4 2024 was 44.2%, down from 48% in the prior year [42] - Full year gross margin was 49.5%, compared to 52.9% in 2023 [42] - Net loss for Q4 2024 was $8 million or $0.79 per diluted share, compared to a net loss of $62,000 or $0.01 per share in the year-ago period [55] Business Line Data and Key Metrics Changes - Food Service Technology (FST) revenue for Q4 was $4.3 million, approximately flat sequentially but down 9% year-over-year [36] - FST recurring revenue for the year was $10.8 million, down about 3% compared to 2023 [37] - Casino and gaming revenue for Q4 was $4.8 million, up 14% year-over-year [38] - POS automation sales for Q4 decreased 74% year-over-year to $411,000 [39] - TransAct Services Group (TSG) sales for Q4 were $759,000, down 73% from the prior year [41] Market Data and Key Metrics Changes - The casino and gaming market is showing signs of recovery, with all major domestic OEM partners back in buying positions [19][70] - The international side of the casino and gaming market is expected to strengthen, with some OEMs still working through inventory [71] Company Strategy and Development Direction - The company is focused on maximizing shareholder value through a strategic review process initiated in Q4 2023 [26] - The management team is considering all options to enhance shareholder value, indicating a proactive approach to potential partnerships or strategic events [29] - The company aims to continue improving its go-to-market strategies and internal sales motions to drive growth [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the momentum in terminal placements, expecting continued upward trends throughout 2025 [10] - The company anticipates total revenue for 2025 to be between $47 million and $52 million, with adjusted EBITDA expected to range from breakeven to a negative $2 million [30] - Management acknowledged the complexities of operating two distinct business lines and the challenges in evaluating their respective market opportunities [79] Other Important Information - The company completed the rollout of the Epic TR80 thermal roll printer, which is expected to fuel additional sales in the casino and gaming sector [20] - The company has a solid balance sheet, finishing the year with $14.4 million in cash, up from $2.1 million at the end of 2023 [57] Q&A Session Summary Question: How much of the FS terminal installations in the quarter were from the large QSR customer? - The large QSR customer contributed a decent chunk of the installations, but it was not more than half [63] Question: What is the outlook for the casino and gaming segment in 2025? - The company expects a stronger year in 2025 for both domestic and international markets [71] Question: What complexities are involved in the strategic review process? - The complexity arises from managing two different business lines and the need to evaluate their respective market opportunities [79]

Company Performance - TransAct Technologies Incorporated (TACT) reported a quarterly loss of $0.06 per share, better than the Zacks Consensus Estimate of a loss of $0.10, representing an earnings surprise of 40% [1] - The company posted revenues of $10.23 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 3.93%, and down from $13.27 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates four times but has topped consensus revenue estimates only once [2] Stock Outlook - TransAct Technologies shares have declined approximately 11.3% since the beginning of the year, compared to a decline of 4.8% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is -$0.06 on revenues of $11.28 million, and for the current fiscal year, it is -$0.17 on revenues of $47.95 million [7] - The estimate revisions trend for TransAct Technologies is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Computer - Peripheral Equipment industry, to which TransAct Technologies belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - Net sales for Q4 2024 were $10.2 million, down 6% sequentially and down 23% compared to $13.3 million in Q4 2023[3] - FST recurring revenue for Q4 2024 was $2.7 million, down 5% sequentially and 15% compared to $3.2 million in Q4 2023[3] - Gross profit for Q4 2024 was $4.5 million, resulting in a gross margin of 44.2%, compared to a gross profit of $6.4 million and a 48.0% gross margin in Q4 2023[3] - Full year 2024 net sales were $43.4 million, down 40% from $72.6 million in 2023[6] - Full year 2024 net loss was $(9.9) million, or $(0.99) per diluted share, compared to a net income of $4.7 million, or $0.47 per diluted share in 2023[6] - Adjusted EBITDA for Q4 2024 was negative $(705) thousand, compared to positive $587 thousand in Q4 2023[6] - The operating loss for Q4 2024 was $(1,050,000), compared to an operating loss of $(522,000) in Q4 2023[22] - Net loss for Q4 2024 was $(7,957,000), significantly higher than the net loss of $(62,000) in Q4 2023[22] - For the year ended December 31, 2024, the net loss was reported at $(9,863) million, compared to a net income of $4,748 million for 2023[31] - Adjusted EBITDA for the year ended December 31, 2023, was $9,968 million, while the adjusted EBITDA for 2024 was $(1,521) million[31] Assets and Liabilities - Total assets decreased to $44,034,000 as of December 31, 2024, down from $54,198,000 as of December 31, 2023[26] - Total liabilities decreased to $13,401,000 as of December 31, 2024, from $14,784,000 as of December 31, 2023[26] - The company reported a full valuation allowance on deferred tax assets amounting to $7,313,000 in Q4 2024[27] Future Outlook - The company expects full year 2025 net sales to be between $47 million and $52 million[6] - The company anticipates 2025 to be an inflection point with decreasing net losses as overall revenue returns to growth[2] - The strategic review process remains active, focusing on options to increase shareholder value[7] - The company plans to focus on developing new products and expanding its market presence despite current economic challenges[22] Operating Expenses - The company’s operating expenses for the year ended December 31, 2024, were $25,108,000, representing 57.9% of net sales[29] - Operating expenses for the year were $32,694 million, representing 45.0% of net sales, while adjusted operating expenses were $31,233 million, or 43.0% of net sales[30] - The company incurred a severance charge of $1,461 million related to the resignation of the former CEO, impacting the income tax expense by $(303) million[30] Income Tax and Other Income - The company experienced a significant increase in income tax expense from $1,155 million in 2023 to $6,295 million in 2024[31] - Interest and other income for the year was $197 million, with no adjustments made[30] Shareholder Returns - The company reported a basic net income per common share of $0.48 and a diluted net income per common share of $0.47 for the year ended December 31, 2023[30]

Financial Performance - Net sales for the three months ended September 30, 2024, were $10,867 thousand, a decrease of 36.5% compared to $17,190 thousand for the same period in 2023[8]. - Gross profit for the nine months ended September 30, 2024, was $16,961 thousand, down 47.1% from $32,029 thousand in the same period of 2023[8]. - Operating loss for the three months ended September 30, 2024, was $(837) thousand, compared to an operating income of $1,191 thousand for the same period in 2023[8]. - Net loss for the nine months ended September 30, 2024, was $(1,906) thousand, a significant decline from a net income of $4,810 thousand in the same period of 2023[9]. - Basic net loss per common share for the three months ended September 30, 2024, was $(0.06), compared to earnings of $0.09 per share for the same period in 2023[8]. - The company reported a comprehensive loss of $(504) thousand for the three months ended September 30, 2024, compared to a comprehensive income of $871 thousand for the same period in 2023[9]. - Operating loss for Q3 2024 was $(837) thousand, a decrease of $2.0 million, or 170%, compared to an operating income of $1.191 million in Q3 2023, driven by a 37% decline in sales[83]. - The company reported a net loss of $(551) thousand for the three months ended September 30, 2024, compared to a net income of $906 thousand in the same period last year[9]. - Gross profit for Q3 2024 was $5.227 million, a 41.4% decrease from $8.916 million in Q3 2023, with gross margin declining to 48.1%[79]. Sales and Market Trends - Revenue from the casino and gaming segment for the three months ended September 30, 2024, is $4,534,000, down from $9,019,000 in 2023, a decrease of approximately 49.7%[27]. - Total net sales for the nine months ended September 30, 2024, were $33.153 million, compared to $59.366 million for the same period in 2023, representing a decrease of approximately 44%[28]. - Net sales for Q3 2024 decreased by $6.3 million, or 37%, compared to Q3 2023, with a significant decline in the casino and gaming market by 49.7%[64]. - Printer, terminal, and other hardware unit sales volume decreased by 38% to approximately 21,000 units, primarily due to a 50% decrease in the casino and gaming market[65]. - International sales for Q3 2024 decreased by $1.8 million, or 44%, primarily due to lower sales in the casino and gaming market[66]. - Domestic casino and gaming product sales decreased by $17.3 million, or 65%, for the first nine months of 2024 compared to the same period in 2023, primarily due to high inventory levels among customers and a slowdown in orders[96]. - International casino and gaming product sales fell by $4.1 million, or 39%, in the first nine months of 2024, reflecting similar inventory issues and reduced demand[97]. - The company experienced a slowdown in demand in the casino and gaming market due to customers reducing orders until their inventory normalizes[16]. - The primary competitor in the casino and gaming market has resumed product supply, leading to downward pricing pressure[16]. Cost Management and Savings Initiatives - The company expects to achieve approximately $3 million in annualized savings from cost reduction initiatives initiated in Q3 2023[17]. - An additional cost reduction initiative in Q2 2024 is expected to yield approximately $2 million in annualized savings[18]. - Engineering, design, and product development expenses decreased by 34.6% in Q3 2024, reflecting cost reduction initiatives[80]. - Selling and marketing expenses decreased by $517 thousand, or 22%, in Q3 2024 compared to Q3 2023, primarily due to cost reduction initiatives[81]. - General and administrative expenses decreased by $275 thousand, or 10%, in Q3 2024 compared to Q3 2023, attributed to lower bad debt and incentive compensation expenses[82]. Liquidity and Financial Position - Cash and cash equivalents at the end of the period were $11,343 thousand, a decrease from $11,605 thousand at the end of the same period in 2023[11]. - The company believes it has sufficient liquidity to fund current obligations and capital spending for at least the next 12 months[19]. - The company had $2.3 million of outstanding borrowings under the Siena Credit Facility as of September 30, 2024, with a net borrowing capacity of $4.2 million[36]. - The Siena Credit Facility was extended to March 13, 2025, allowing for continued access to a revolving credit line of up to $10.0 million[120]. - The company maintained compliance with the excess availability covenant of at least $750 thousand under the Siena Credit Facility since July 31, 2021[118]. - The company continues to monitor cash generation and evaluate alternative funding sources as necessary[121]. Inventory and Contract Liabilities - Total inventories as of September 30, 2024, were $16.851 million, a slight decrease from $17.759 million as of December 31, 2023[33]. - As of September 30, 2024, total net contract liabilities were $(1.002) million, down from $(1.178) million as of December 31, 2023[31]. - The company recognized revenue of $0.9 million related to contract liabilities for the nine months ended September 30, 2024[30]. - Remaining performance obligations amounted to $3.0 million as of September 30, 2024, with expected revenue recognition of $2.7 million within the next 12 months[32]. Tax and Lease Information - The effective tax rate for the third quarter of 2024 was (21.2%), with an income tax benefit of $148 thousand, compared to an expense of $169 thousand at a rate of 15.7% in the third quarter of 2023[49]. - Operating lease expense for the nine months ended September 30, 2024, was $759 thousand, compared to $742 thousand for the same period in 2023[45]. - The weighted average remaining lease term as of September 30, 2024, was 1.5 years, with a weighted average discount rate of 7.5%[47]. - The total undiscounted lease payments decreased from $1.720 million as of December 31, 2023, to $1.514 million as of September 30, 2024[48].

Financial Data and Key Metrics Changes - Total sales for Q3 2024 were $10.9 million, down 6% sequentially and down 37% compared to $17.2 million in the prior year period [23] - Gross margin for Q3 was 48.1%, down from 51.9% in the prior year period, attributed to lower overall sales volume [29] - Net loss for Q3 was $551,000 or $0.06 per diluted share, compared to net income of $906,000 or $0.09 per diluted share in the year-ago period [34] Business Line Data and Key Metrics Changes - Foodservice Technology (FST) sales were $4.3 million, up 3% sequentially and up 2% year-over-year [23] - Recurring FST revenue was $2.9 million, down 8% year-over-year but up 3% sequentially [23] - Casino and gaming revenue was $4.5 million, down 50% year-over-year due to one major OEM customer working through high inventory levels [25][26] - POS automation sales decreased 30% year-over-year to $1.1 million, attributed to difficult comparisons from the previous year [27] - TransAct Services Group (TSG) sales were down 62% year-over-year to $864,000, due to unusually high sales of legacy lottery spare parts in the prior year [28] Market Data and Key Metrics Changes - The gaming industry is experiencing a slowdown, with expectations that this trend may continue into 2025 due to macroeconomic factors [16][60] - The new business pipeline remains strong, with consistent quarter-over-quarter coverage [14] Company Strategy and Development Direction - The company is focused on improving its sales processes and nurturing leads, which has shown positive results [9][21] - A strategic review process is underway, with no specific updates available at this time [19] - The company is optimistic about the potential of its Terminal 2 product and expects continued demand from large chain customers [21] Management's Comments on Operating Environment and Future Outlook - Management revised the revenue outlook to a range of $43 million to $45 million due to unexpected demand lag in the casino and gaming sector [20] - The company is confident that the current run rate of terminal placements is sustainable and expects normalization in the gaming market by 2025 [22][62] Other Important Information - The company ended the quarter with over $11 million in cash and only $2.25 million in borrowings under its credit facility, indicating a strong liquidity position [35] Q&A Session Summary Question: Can you elaborate on the OEM in oversupply in the casino and gaming sector? - Management explained that they are working with the OEM to reconfigure existing stock for other markets to help accelerate liquidation [36][38] Question: How is the competitive environment in the gaming sector? - Management noted that while competition has returned post-pandemic, they are focused on maintaining market share and demonstrating product reliability [40][41] Question: What is the average client size and initial order attachment rate for new clients in FST? - Management indicated that they are targeting larger clients capable of purchasing a minimum of 50 to 100 units, with initial orders often being smaller as part of a land-and-expand strategy [43][46] Question: What is driving the potential for improved conversion rates in 2025? - Management highlighted that better metrics and a closer alignment between sales and marketing teams are improving lead conversion rates [55] Question: When do you expect to return to normal patterns in the gaming casino market? - Management expressed uncertainty but indicated that the market is expected to normalize in 2025 as excess inventory is worked through [60]

Core Insights - TransAct Technologies Incorporated (TACT) reported a quarterly loss of $0.06 per share, which was better than the Zacks Consensus Estimate of a loss of $0.08, representing an earnings surprise of 25% [1] - The company posted revenues of $10.87 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 8.30% and down from $17.19 million year-over-year [2] - TransAct Technologies shares have declined approximately 38.5% year-to-date, contrasting with the S&P 500's gain of 24.3% [3] Financial Performance - Over the last four quarters, TransAct Technologies has surpassed consensus EPS estimates three times [2] - The current consensus EPS estimate for the upcoming quarter is -$0.05 on revenues of $12.8 million, and for the current fiscal year, it is -$0.26 on revenues of $46.94 million [7] Industry Context - The Computer - Peripheral Equipment industry, to which TransAct Technologies belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

Financial Performance - Net sales for Q3 2024 were $10.9 million, down 6% sequentially and down 37% compared to $17.2 million in Q3 2023[3]. - FST recurring revenue for Q3 2024 was $2.9 million, up 4% sequentially but down 8% from $3.1 million in Q3 2023[3]. - Gross profit for Q3 2024 was $5.2 million, with a gross margin of 48.1%, compared to a gross profit of $8.9 million and a margin of 51.9% in Q3 2023[4]. - Operating loss for Q3 2024 was $(837) thousand, compared to an operating loss of $(438) thousand in Q2 2024 and operating income of $1.2 million in Q3 2023[4]. - Net loss for Q3 2024 was $(551) thousand, or $(0.06) per diluted share, compared to a net income of $906 thousand, or $0.09 per diluted share in Q3 2023[5]. - EBITDA for Q3 2024 was negative $(533) thousand, compared to negative $(190) thousand in Q2 2024 and $1.5 million in Q3 2023[6]. - Net sales for the three months ended September 30, 2024, were $10,867 thousand, a decrease from $17,190 thousand in the same period of 2023, representing a decline of 36.5%[21][22]. - Gross profit for the three months ended September 30, 2024, was $5,227 thousand, down from $8,916 thousand in the prior year, reflecting a decrease of 41.5%[21]. - The company reported an operating loss of $837 thousand for the three months ended September 30, 2024, compared to an operating income of $1,191 thousand in the same period of 2023[21][24]. - Net loss for the three months ended September 30, 2024, was $551 thousand, compared to a net income of $906 thousand in the same period of 2023[21][24]. - The company’s total net sales for the nine months ended September 30, 2024, were $33,153 thousand, down from $59,366 thousand in the same period of 2023, a decrease of 44.0%[21][22]. - For the nine months ended September 30, 2023, the net income was $4,810 million, a decrease from $6,201 million in the same period last year[27]. - The operating income for the same period was reported at $6,228 million, representing 10.5% of net sales, compared to 13.0% in the previous year[27]. - Adjusted EBITDA for the nine months ended September 30, 2024, was $(816) million, significantly lower than $9,381 million in the same period last year[28]. - The company reported an EBITDA of $(1,689) million for the nine months ended September 30, 2024, compared to $7,309 million in the previous year[28]. Expenses and Liabilities - Operating expenses for the three months ended September 30, 2024, totaled $6,064 thousand, compared to $7,725 thousand in the same period of 2023, a reduction of 21.5%[21][25]. - Total current assets decreased to $37,407 thousand as of September 30, 2024, from $40,999 thousand at the end of 2023, a decline of 6.3%[23]. - Total liabilities decreased to $12,149 thousand as of September 30, 2024, from $14,784 thousand at the end of 2023, a reduction of 17.7%[23]. - The company incurred a severance charge of $1,461 million related to the resignation of the former CEO[27]. - Operating expenses were reported at $25,801 million, accounting for 43.5% of net sales, compared to 41.0% in the previous year[27]. Cash and Shareholder Information - The company’s cash and cash equivalents were $11,343 thousand as of September 30, 2024, down from $12,321 thousand at the end of 2023[23]. - The company reported a basic net loss per common share of $0.06 for the three months ended September 30, 2024, compared to a basic net income per share of $0.09 in the same period of 2023[21][24]. - Basic and diluted net income per common share for the nine months ended September 30, 2023, was $0.48, down from $0.62 in the previous year[27]. - Income tax expense for the nine months ended September 30, 2023, was $1,189 million, compared to $1,259 million in the previous year[27]. - Interest and other expense remained consistent at $(229) million for both periods[27]. Future Outlook - The company expects full year 2024 net sales to be between $43 million and $45 million[7]. - The company anticipates full year 2024 adjusted EBITDA to be between negative $1 million and negative $2 million[7]. - The company added 12 new FST customers in Q3 2024, representing approximately 2,400 potential Terminal 2 sales opportunities[2]. - The company is actively assessing strategic alternatives with the assistance of Roth Capital Partners, LLC, while pursuing business growth initiatives[8].

Core Viewpoint - TransAct Technologies Incorporated (TACT) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, which reflects the changing earnings picture of a company [1][2]. - Changes in earnings estimates are strongly correlated with near-term stock price movements, influenced by institutional investors who adjust their valuations based on these estimates [4]. Recent Performance of TransAct Technologies - TransAct Technologies is expected to earn -$0.26 per share for the fiscal year ending December 2024, representing a year-over-year change of -144.1% [8]. - Over the past three months, the Zacks Consensus Estimate for TransAct Technologies has increased by 42.2%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks generating an average annual return of +25% since 1988 [7]. - The upgrade of TransAct Technologies to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Core Viewpoint - The article emphasizes the effectiveness of value investing as a strategy that identifies undervalued stocks through fundamental analysis and traditional valuation metrics [2]. Company Summary - TransAct Technologies (TACT) is highlighted as a stock currently attracting investor attention, holding a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential in the value investing space [3]. - TACT's price-to-book (P/B) ratio is reported at 1.10, which is favorable compared to the industry average of 1.91, suggesting that TACT is undervalued relative to its peers [4]. - The stock has experienced a P/B range over the past 12 months, with a high of 1.98, a low of 0.86, and a median of 1.23, indicating volatility but also potential for value [4]. - TACT's price-to-sales (P/S) ratio stands at 0.79, which is lower than the industry average of 0.89, further supporting the notion that TACT may be undervalued [5]. - Overall, TACT is positioned as one of the market's strongest value stocks, bolstered by a positive earnings outlook [6].