TransAct Technologies Incorporated reported preliminary first quarter 2025 financial results, with total net sales reaching $13,053 thousand, a 22.1% increase from $10,687 thousand in Q1 2024. The Food Service Technology (FST) segment revenue surged by 48.7% year-over-year to $4,908 thousand, driven by an all-time quarterly high of 2,350 BOHA! terminal unit sales.
The company achieved net income of $19 thousand in Q1 2025, a significant improvement from a net loss of $(1,036) thousand in Q1 2024, resulting in $0.00 net income per share compared to $(0.10) loss per share. Adjusted EBITDA turned positive, reaching $544 thousand compared to a negative $701 thousand in the prior-year period. Gross profit increased by 13.1% to $6,359 thousand, while operating expenses decreased by 8.0% to $6,374 thousand.
TransAct maintained its full-year 2025 revenue guidance of $47 million to $52 million and raised the bottom end of its Adjusted EBITDA guidance to a range of breakeven to negative $1.5 million. The Board of Directors and management also announced the suspension of the strategic review process, opting to focus on incremental organic growth initiatives due to increased momentum in both the FST and Casino businesses and macroeconomic uncertainty.
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