Transact Technologies Inc (NASDAQ: TACT)

TransAct Technologies Incorporated is a global leader in developing and selling software driven technology and printing solutions for high growth markets including food service technology, point of sale automation, and casino and gaming. The company designs, manufactures, and markets thermal printers, terminals, and related hardware under brands such as BOHA!, AccuDate, Epic, EPICENTRAL, and Ithaca. It also provides cloud based software as a service applications, labels, spare parts, and technical support to customers worldwide.

Revenue is generated primarily through the sale of hardware products such as printers and terminals, recurring software subscriptions, and the sale of consumables including labels and spare parts. The BOHA! line contributes recurring revenue via software subscriptions, label sales, extended warranties, and technical support services. Additionally, the company earns revenue from casino and gaming printers, point of sale automation printers, and associated software such as EPICENTRAL, as well as from maintenance and repair services provided through its TransAct Services Group.

The company operates through the following segment.

• Technology and Printing Solutions: This segment encompasses the design, development, and marketing of software driven technology and printing solutions for high growth markets, including food service technology, point of sale automation, and casino and gaming, along with related services, labels, and spare parts.

TransAct Technologies Incorporated holds a competitive niche in the transaction based and specialty printer markets, facing competition from companies such as Crunchtime Information Systems, Digi International, Avery Dennison, Ecolab, ITD Food Safety, Daymark Safety Systems, Integrated Control Corp, and Toast in the food service technology space. In the point of sale automation market, primary competitors include BIXOLON America, Epson America, Star Micronics America, and Citizen Systems America. In the casino and gaming market, competitors comprise JCM Global, Nanoptix, Custom Engineering SPA, and Eurocoin Components. The company’s advantages stem from its proprietary hardware and software integration, specialized product customization, strong technical support, and the regulatory barriers to entry created by required certifications for gaming equipment.

The company serves a diverse customer base that includes original equipment manufacturers, value added resellers, distributors, and end users across the food service, retail, and gaming industries. Notable customers include Light & Wonder Gaming, Inc., which accounted for approximately 9% of total net sales in 2025, and McDonald’s, a major end user of its Ithaca 9000 point of sale automation printers. TransAct also supplies casinos, racetracks, convenience stores, restaurants, and hospitality establishments worldwide.