TransAct Technologies Incorporated

TransAct Technologies raised its full-year 2026 adjusted EBITDA guidance to a range of $1.5 million to $2.0 million, up from the prior $1 million to $1.75 million, while reaffirming net sales of $55 million to $57 million. The company also announced that its board has initiated a formal strategic review of the casino and gaming business, with BofA Securities engaged as financial advisor. Second-quarter net sales were $13.9 million, which included an approximate $1 million reduction from estimated customer refunds tied to a U.S. Supreme Court ruling on import tariffs; excluding that impact, sales would have been $14.9 million, up 8% year over year. Food Service Technology revenue rose 9% to $5.2 million, with recurring FST sales up 13% to $3.4 million and software revenue surging 47% on price increases. The company completed the migration of its BOHA! platform to Microsoft Azure and ended the quarter with nearly 22,000 online units, a 33% year-over-year increase.

TransAct Technologies has launched its next-generation BOHA! SaaS platform, migrating from a legacy hosted infrastructure to Microsoft Azure to enhance scalability, security, and performance for enterprise foodservice customers. The move enables faster innovation, AI-powered workflows, and seamless integrations with systems like point-of-sale. CEO John Dillon called the launch a transformational milestone that will help foodservice organizations operate more efficiently. The platform serves 19,000 locations worldwide and is designed to unify back-of-house operations with real-time visibility across every location.

TransAct Technologies has appointed Troy Ingianni as its new Chief Financial Officer, effective July 1, 2026. Ingianni brings over 25 years of financial leadership experience, most recently serving as Vice President, Global Controller and Chief Accounting Officer at Barnes Group, which was acquired by Apollo Funds for $3.6 billion. He succeeds Steven DeMartino, while Robert Campbell, previously announced as the successor, has withdrawn his candidacy for personal reasons. CEO John Dillon stated that Ingianni's background in technical accounting and public company financial leadership will be critical as the company scales its BOHA! SaaS platform and builds a higher-margin recurring revenue stream.