TransAct Technologies Inc, a supplier of slot machine printers, casino-player management software and food-safety management technology, reported first-quarter net sales of US$14.4 million, up 10.4 percent from a year earlier.
The company posted net income of US$766,000 for the three months to March 31, an improvement on the US$19,000 profit in the prior-year period, according to a Tuesday press release.
TransAct reported adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) of nearly US$1.4 million in the January to March period, up 155.9 percent from a year earlier.
The increase in sales for the reporting period was “driven primarily by a 24-percent increase in casino and gaming sales,” the firm stated.
First-quarter sales in the casino and gaming segment rose 24.1 percent year-on-year, to just above US$8.3 million.
John Dillon, TransAct’s chief executive, said in prepared remarks that the company had a “solid start to 2026”.
“The performance was broad-based, with casino and gaming sales rising 24 percent year-over-year and generating strong cash flow to support our food service technology initiatives,” Mr Dillon noted.
He added: “As we sharpen our focus on software growth, we are working diligently to ensure our terminal users both pay for and realise the full value of our software suite, which we expect will accelerate growth in our recurring revenue base.”
In Tuesday’s filing, TransAct affirmed its revenue guidance of between US$55 million to US$57 million for full-year 2026. The firm increased its 2026 adjusted EBITDA guidance to a range of US$1 million to US$1.75 million.
TransAct also announced on Tuesday a share repurchase programme of up to US$3 million of the company’s outstanding common stock over the next 12 months.
The programme “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,” the firm stated.
TransAct announced last week that Robert Campbell would be taking on the role of chief financial officer, with the appointment to take effect upon the June 30, 2026 retirement of long-time finance executive Steven DeMartino.
