Supplier News

TransAct falls on tough post-pandemic comparison

TransAct Technologies, a global leader in software-driven technology and printing solutions for high-growth markets, reported sales for the fourth quarter of 2024 of $10.2m, down six per cent sequentially and down 23 per cent compared to $13.3m for the fourth quarter of 2023, largely as a result of the unusually high Casino and Gaming sales in the prior, post-pandemic year.

John Dillon, Chief Executive Officer of TransAct, said: “Our growing sequential momentum in FST is a clear indicator that the improvements we’ve made in our go-to-market strategy and internal sales motions are now yielding positive results. We believe that this new run rate of terminal sales should be sustainable for the entire year and pick up speed quarter-over-quarter as we layer on new client wins while accelerating the upgrade cycle of existing BOHA! customers.”

“We’re also seeing the predicted stabilisation of the casino and gaming market, with quarterly sales up both year-over-year as well as sequentially. We believe that all our major domestic OEM partners in casino and gaming are now back in buying positions after working together to overcome their oversupply positions. We are encouraged by the direction of demand and expect 2025 to be the inflection point at which net losses begin to decrease as overall revenue returns to growth.”