Transact Technologies (TACT) Misses Q1 EPS by 5c, Revenues Miss

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TransAct Technologies Reports Preliminary First Quarter 2020 Financial Results

May 7, 2020 4:05 PM EDT

2020 First Quarter Net Sales of $10.2 Million

Food Service Technology Revenues up 13% on a Year-Over-Year Basis

Revolving Credit Facility and PPP Loan Provide Operational Liquidity

HAMDEN, Conn.--(BUSINESS WIRE)-- TransAct Technologies Incorporated (Nasdaq: TACT) (TransAct or the Company), a global leader in software-driven technology and printing solutions for high-growth markets, today reported preliminary operating results for the quarter ended March 31, 2020.

While the economic headwinds and disruptions in the quarter had an undeniable effect on our results, we are pleased with the upward... More