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TransAct Technologies reports 43% increase in net sales for Q4 2021

TransAct Technologies has reported net sales of $11.1m for the fourth quarter of 2021, a 43% increase from the prior-year period.

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Gross profit for the period was $4.4m, resulting in a gross margin of 40%, compared to gross profit and a gross margin of $2.4m and 31% respectively in Q4 2020. Operating loss for Q4 2021 was $2.5m, with a net loss of $0.7m. Adjusted EBITDA loss was $2.1m for Q4 2021, compared to $1.7m for Q4 2020.

For full year 2021, the group reported net sales of $39.4m, a 29% increase from full year 2020. Gross profit was $15.3m, with a gross margin of 39%. Net loss for 2021 was $4.1m, while Adjusted EBITDA loss was $7.6m. Paid terminals in the market were 9,818 on 31 December 2021, a 73% increase from 5,688 on 31 December 2020.

“2021 marked many important milestones for TransAct, including three consecutive quarters of over $2m in recurring Food Service Technology (FST) revenue, which highlights our ongoing pivot to a consistent, reliable stream of revenue from our industry-leading BOHA! solutions,” said TransAct Chairman and CEO Bart C. Shuldman.

“We added 4,130 paid terminals during the year, an impressive number despite an incredibly difficult macro environment on both the demand and supply sides, and I could not be prouder of the team’s execution during these times.

“We continue to see strong demand for both our BOHA! products and our Epic series printers, with a noticeable uptick in international casino ordering as the world comes back online post-Covid-19 and pent-up demand around the world is beginning to take shape.”


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