TransAct Technologies (TACT) Q2 2025 earnings summary

Executive summary

• Q2 2025 net sales rose 19% year-over-year to $13.8 million, driven by strong casino/gaming and food service technology hardware sales, despite a significant decline in POS automation and international revenues.

• Casino and gaming sales increased 42% year-over-year to $7.6 million, with domestic recovery offsetting international declines.

• Net loss narrowed to $143,000 ($0.01 per share), improved from $319,000 ($0.03 per share) last year.

• Adjusted EBITDA improved to $478,000 from $89,000 a year ago, positive for the second consecutive quarter.

• Over 1,900 BOHA! terminals sold in Q2, totaling 4,292 for the first half.

Financial highlights

• Q2 2025 net sales: $13.8 million (up 19% year-over-year); six-month sales: $26.9 million (up 21%).

• Gross profit for Q2: $6.7 million (48.2% margin, down from 52.7%); six-month gross profit: $13.0 million (48.5% margin).

• Operating loss for Q2: $258,000 (-1.9% margin), improved from $438,000 loss (-3.8%) last year.

• Net loss for Q2: $143,000 (-$0.01/share), improved from $319,000 (-$0.03/share) last year.

• Adjusted EBITDA for Q2: $478,000 (up from $89,000 in 2024); six-month adjusted EBITDA: $1.0 million (up from $(612,000) in 2024).

Outlook and guidance

• Full-year 2025 net sales expected between $49 million and $53 million, reflecting confidence in FST and casino segments.

• Adjusted EBITDA projected between break-even and $1.5 million for 2025.

• Casino and gaming sales expected to maintain current run rate through at least Q3 2025.

• Gross margin expected to remain in the mid to high 40% range for the rest of 2025.

• POS automation and TSG sales expected to remain at current lower levels due to competitive pressure and product phase-outs.