TransAct Technologies Reports 21% Revenue Growth in Q3 2025, Acquires BOHA! Software License

TransAct Technologies Incorporated reported a significant increase in financial performance for the third quarter of 2025, with net sales reaching $13.2 million, a 21% increase from $10.9 million in the same period last year. The company achieved a gross profit of $6.6 million, up from $5.2 million, resulting in a gross margin of 50% compared to 48% in the prior year. Despite these gains, TransAct recorded a net income of $15,000, or $0.00 per diluted share, a notable improvement from a net loss of $551,000, or $(0.06) per diluted share, in the third quarter of 2024.

For the nine months ending September 30, 2025, TransAct's net sales totaled $40 million, a 21% increase from $33.2 million in the same period of 2024. The company reported a net loss of $109,000, or $(0.01) per diluted share, compared to a net loss of $1.9 million, or $(0.19) per diluted share, for the first nine months of 2024. The increase in sales was driven by a 40% rise in unit sales within the casino and gaming market and a 27% increase in the food service technology market, although the POS automation market saw a 45% decline in sales.

Strategically, TransAct made a significant move by acquiring a perpetual license for the source code of its BOHA! software, which is expected to enhance its product offerings and operational capabilities. This acquisition, valued at $2.55 million, is part of the company's ongoing efforts to strengthen its position in the food service technology market. The company also reported a successful inventory reduction initiative, decreasing inventory levels by approximately $4.4 million from December 31, 2024, to September 30, 2025.

Operationally, TransAct's customer base and engagement metrics showed positive trends, particularly in the casino and gaming sector, where sales rebounded as customers normalized their inventory levels. The company reported a total of approximately 75,000 units sold in the first nine months of 2025, with a notable increase in average selling prices due to inflation and tariff-related cost adjustments. However, the POS automation segment faced challenges, with a significant drop in sales attributed to competitive pressures and reduced average selling prices.

Looking ahead, TransAct Technologies remains cautious about the potential impacts of macroeconomic factors, including tariffs and inflation, on its business. The company is focused on maintaining liquidity and managing working capital effectively to navigate these challenges. Despite the uncertainties, TransAct believes its current cash reserves, expected cash flows from operations, and available credit will be sufficient to meet its operational needs and support growth initiatives over the next twelve months.