TransAct Posts Q2 Revenue Growth, Hires BofA to Explore Casino Unit Sale
TACT sits 95% above its 52-week low of $3.06 on light trading volume (0.3× avg).
Summary
TransAct reported preliminary Q2 2026 net sales of $13.9M, up 1% YoY, but adjusted for a $1M tariff surcharge refund, sales rose 8% to $14.9M. FST recurring revenue grew 13% to $3.4M, with software revenue surging 47%. The company also engaged BofA Securities to explore strategic options for its Casino and Gaming business, which generated $7.3M in sales this quarter. This follows activist investors Charles Gillman and Poplar Point Capital disclosing stakes in July, adding pressure for value creation. The strategic review could unlock significant value given the unit's cash flow and market strength. Watch for further activist moves and the outcome of the BofA-led review.
At the time of this announcement, TACT was trading at $5.97 on NASDAQ in the Technology sector, with a market capitalization of approximately $59.4M. The 52-week trading range was $3.06 to $6.02. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.