TransAct Q3 casino sales jump

Transact Technologies

TransAct Technologies’ Q3 sales edged up 2 percent, though revenue in its casino business surged, with domestic sales up 63 percent and international sales up 58 percent.

Overall revenue was $15.8 million from $15.5 million a year earlier. Net income was $2.6 million, or $0.33 per diluted share, compared to net income of $1.8 million, or $0.24 per diluted share, in the prior year period.

Casino and gaming net sales in the 2018 third quarter were $8.3 million compared to $5.1 million in the prior year. The sales included one-time replacement shipments to a large domestic casino operator and to a large international casino operator along with increased demand for the Epic 950 in international markets as a result of the company’s direct sales efforts, it said.  

Lottery printer net sales were $0.7 million in the period compared to $2.2 million in the 2017 third quarter, reflecting lower sales to the company’s single lottery customer as TransAct reduces its focus on this market.