TransAct Technologies has reported its total sales and operating performance for Q1 2026, as the supplier’s revenue increased 10.4% to $14.4m, while net income managed to reach $766,000 after totaling just $19,000 during the first quarter of 2025.
Casino and gaming sales accounted for the most revenue of any market for TransAct, rising 24.1% to $8.3m. Food service technology drove an additional $4.7m but fell 4.4% year-over-year.
Gross profit increased 14.1% to $7.3m for Q1 2026, despite TransAct’s cost of sales rising 7% to $7.2. Even with operating expenses increasing 1.7% to $6.5m, the supplier’s operating income rose to $771,00 following a $15,000 loss for Q1 2025.
TransAct reported a 155.9% increase in Q1 adjusted EBITDA to nearly $1.4m, while FST recurring revenue increased 26% to $3.3m.
As a result of its Q1 2026 financials, TransAct estimates full-year revenue will fall between $55-57m, as adjusted EBITDA is now expected to produce $1-1.75m.
Just days prior to its quarterly report, TransAct appointed Robert Campbell as the solutions provider’s new CFO, with current President, CFO, Secretary and Treasurer Steven DeMartino set to retire from his positions by June 30, 2026.
Campbell will also take over the Secretary and Treasurer positions from DeMartino when his appointment goes into effect on June 30, while TransAct CEO John Dillon will also step into President responsibilities.
Additionally, TransAct Principal Accounting Officer William DeFrances declared his intentions to retire later in 2026, with Campbell set to immediately take over the position following his appointment.
Former TransAct Technologies CEO Bart Shuldman issued an open letter to the Board of Directors and fellow shareholders on April 24 to express concerns over the provider’s strategic direction
