TransAct Technologies Reports 2018 Fourth Quarter and Full Year Results

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Transact Technologies (TACT) Misses Q4 EPS by 1c, Revenues Miss

March 6, 2019 4:24 PM EST

Transact Technologies (NASDAQ: TACT) reported Q4 EPS of $0.12, $0.01 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $11.8 million versus the consensus estimate of $13.65 million.

Bart Shuldman, Chairman and Chief Executive Officer of TransAct, commented, Throughout 2018 and to-date in 2019, the TransAct team has focused on building towards the transformational launch of BOHA!. This new ecosystem of cloud-based apps and companion hardware solutions is designed to address what we believe is a very large sales opportunity in providing critical back-of-house automation solutions to restaurant and foodservice operators. Importantly, while devoting... More