Transact Technologies (TACT) Tops Q2 EPS by 9c, Revenues Beat

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TransAct Technologies Reports Preliminary Second Quarter 2020 Financial Results

August 5, 2020 4:05 PM EDT

2020 Second Quarter Net Sales of $5.3 Million

Food Service Technology Revenues up 7% on a Year-Over-Year Basis

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 June 30, 2020.

TransActs second quarter performance was relatively solid given the challenges presented by the COVID-19 pandemic. Notwithstanding these challenges and during the heart of the pandemic in Q2 2020, our Food Service Technology (FST) recurring revenue, which includes software,... More