TransAct Technologies rporated(US:TACT)2025-11-10 21:14Sales Performance - TransAct sold 1,591 terminals in Q3 2025, a 58% year-over-year increase, bringing the nine-month total to 5,883[1] - Total net sales for Q3 2025 were $13.2 million, up 21% from $10.9 million in Q3 2024, driven by stronger sales in casino and gaming markets[3] - The company reported a total of $40,027,000 in net sales for the nine months ended September 30, 2025, a 20.5% increase from $33,153,000 in 2024[20] - Total net sales for the three months ended September 30, 2025, increased to $13,176,000, a 21.3% rise from $10,867,000 in the same period of 2024[20] Revenue Breakdown - Food service technology revenue reached $4,841,000 for the three months ended September 30, 2025, up 12.1% from $4,321,000 in 2024[20] - Casino and gaming revenue surged to $7,144,000 for the three months ended September 30, 2025, representing a 57.5% increase compared to $4,534,000 in 2024[20] Profitability - Gross profit for Q3 2025 was $6.6 million, with a gross margin of 49.8%, compared to $5.2 million and 48.1% gross margin in Q3 2024[3] - Operating income for Q3 2025 was $14 thousand, a significant improvement from an operating loss of $(837) thousand in Q3 2024[3] - Net income for Q3 2025 was $15 thousand, or $0.00 per diluted share, compared to a net loss of $(551) thousand, or $(0.06) per diluted share, in Q3 2024[3] - Adjusted EBITDA for Q3 2025 was $669 thousand, up from $(204) thousand in Q3 2024[3] - Adjusted EBITDA for the three months ended September 30, 2025, was $669,000, compared to a loss of $204,000 in the same period of 2024[23] Financial Position - Cash and cash equivalents increased to $20,041,000 as of September 30, 2025, up from $14,394,000 at the end of 2024[22] - Total current assets rose to $39,156,000 as of September 30, 2025, compared to $38,362,000 at the end of 2024[22] - Total liabilities decreased slightly to $13,205,000 as of September 30, 2025, from $13,401,000 at the end of 2024[22] - Shareholders' equity increased to $31,778,000 as of September 30, 2025, compared to $30,633,000 at the end of 2024[22] Future Outlook - The company expects full-year 2025 net sales to be between $50 million and $53 million, an increase from the previous forecast of $49 million[10] - Full-year 2025 adjusted EBITDA is expected to be between breakeven and $1.5 million[10] - The company is focusing on strengthening its balance sheet to support growth in FST software and explore new market opportunities[2] Recurring Revenue - FST recurring revenue for Q3 2025 was $3.3 million, representing a 13% increase compared to $2.9 million in Q3 2024[3]