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 IncorporatedRaised 2026 adjusted EBITDA guidance and announced strategic review, positive for valuation.
Bank of America Corp