TransAct Technologies Reports Preliminary Fourth Quarter and Full Year 2020 Financial Results
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Transact Technologies (TACT) Misses Q4 EPS by 9c, Revenues Beat
March 9, 2021 4:19 PM ESTTransact Technologies (NASDAQ: TACT) reported Q4 EPS of ($0.22), $0.09 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $7.8 million versus the consensus estimate of $7.66 million.
Fourth Quarter 2020 Financial Highlights
Net Sales: Net Sales for the fourth quarter of 2020 were $7.8 million, down 30% compared to $11.2 million for the fourth quarter of 2019.FST Recurring Revenue: FST recurring revenue for the fourth quarter of 2020 was $0.9 million, up 37% compared to $0.7 million for the fourth quarter of 2019.Gross Profit: Gross profit for the fourth quarter of 2020 was $2.4 million, resulting in gross margin of... More