TransAct Technologies Appoints New CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 29 2026
0mins
Source: seekingalpha
- Executive Appointment: TransAct Technologies announced the appointment of Troy Ingiannis as Chief Financial Officer effective July 1, 2026, who previously served as Vice President, Global Controller, and Chief Accounting Officer at Barnes Group, which is expected to enhance the company's financial management capabilities.
- Succession Change: Ingiannis succeeds Steven DeMartino as CFO, while Robert Campbell, who was initially set to take over, has withdrawn his candidacy for personal reasons, demonstrating the company's adaptability in executive transitions.
- Financial Targets: TransAct aims for an adjusted EBITDA of $1 million to $1.75 million in 2026, indicating confidence in future financial performance, while the go-live of the BOHA! software has been pushed to late Q2 or early Q3, potentially impacting short-term revenues.
- Stock Buyback Plan: The TransAct board approved a $3 million stock buyback plan to address the company's current undervaluation, resulting in a 20% surge in stock price, reflecting a market reassessment of the company's value.
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Analyst Views on TACT
Wall Street analysts forecast TACT stock price to fall
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 5.190
Low
5.00
Averages
5.00
High
5.00
Current: 5.190
Low
5.00
Averages
5.00
High
5.00
No data
About TACT
TransAct Technologies Incorporated develops and sells software-driven technology and printing solutions for markets, including food service, casino, and gaming, and point of sale (POS) automation. The Company’s solutions are designed based on customer requirements and are sold under the BOHA!, AccuDate, EPICENTRAL, Epic and Ithaca brands. Through the TransAct Services Group, it also provides customers with a range of supplies and consumable items both online at http://www.transactsupplies.com and through its direct sales team. Its primary offering in the food service technology market is its line of BOHA! Products. In the POS market, it sells a printer utilizing thermal printing technology. It sells several models of printers used in slot machines and video lottery terminals (VLTs) and other gaming machines that print tickets or receipts instead of issuing coins at casinos, racetracks, and other gaming venues worldwide. It also offers a software solution, the EPICENTRAL Print System.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TransAct Technologies Appoints New CFO
- Executive Appointment: TransAct Technologies announced the appointment of Troy Ingiannis as Chief Financial Officer effective July 1, 2026, who previously served as Vice President, Global Controller, and Chief Accounting Officer at Barnes Group, which is expected to enhance the company's financial management capabilities.
- Succession Change: Ingiannis succeeds Steven DeMartino as CFO, while Robert Campbell, who was initially set to take over, has withdrawn his candidacy for personal reasons, demonstrating the company's adaptability in executive transitions.
- Financial Targets: TransAct aims for an adjusted EBITDA of $1 million to $1.75 million in 2026, indicating confidence in future financial performance, while the go-live of the BOHA! software has been pushed to late Q2 or early Q3, potentially impacting short-term revenues.
- Stock Buyback Plan: The TransAct board approved a $3 million stock buyback plan to address the company's current undervaluation, resulting in a 20% surge in stock price, reflecting a market reassessment of the company's value.
See More
Computer Peripheral Industry Faces Gloomy Outlook Amid Economic Headwinds
- Bleak Industry Outlook: The near-term outlook for the Zacks Computer Peripheral Equipment industry is negatively impacted by economic slowdown and geopolitical tensions, leading to a slowdown in IT spending and a decline in demand for peripherals.
- Decline in PC Shipments: IDC forecasts an 11.3% drop in PC shipments in 2026, primarily due to supply shortages of key memory components, which will further weaken the growth momentum of the computer peripheral industry.
- High Operating Costs Affect Profitability: To survive in the competitive market, companies are aggressively investing in R&D to enhance their product portfolios, but elevated operating expenses may erode margins in the near term, impacting overall financial performance.
- Low Industry Ranking: The Zacks Computer Peripheral Equipment industry ranks 175, placing it in the bottom 29% of nearly 250 industries, indicating analysts' pessimistic outlook on the earnings growth potential of the sector, suggesting a challenging future.
See More
MedVantage Partners with TransAct to Enhance Food Safety
- Significant Partnership Success: MedVantage's OEM partnership with TransAct has entered its third year, successfully driving the widespread adoption of TransAct's hardware and SaaS solutions in the U.S. healthcare and food service sectors, significantly enhancing customer food safety and compliance.
- Positive Customer Feedback: Since the partnership began, customers have reported improvements in food safety and labeling accuracy, reduced labor time associated with manual processes, enhanced consistency across multi-site operations, and improved regulatory compliance and audit readiness, directly boosting operational efficiency.
- Strong Market Demand: The General Manager of MedVantage noted that there has been strong demand from customers for smarter, more automated back-of-house solutions over the past two years, with TransAct's technology enabling them to deliver a differentiated offering that addresses critical operational challenges while achieving tangible ROI.
- Innovation Driving Growth: The OEM collaboration allows MedVantage to integrate TransAct's award-winning technology into its broader portfolio of solutions, further supporting customers in innovative ways to improve food safety and compliance, thereby enhancing market competitiveness.
See More
Transact Technologies Reports 10% Sales Growth in Q1
- Sales Performance Boost: Transact Technologies Inc reported Q1 net sales of $14.4 million, reflecting a 10% year-over-year increase, showcasing the company's strong market performance, particularly in its strategic focus on software revenue.
- Software Revenue Growth: The company achieved a 23% increase in recurring FST revenue, reaching $3.3 million, indicating the success of its transition to a recurring revenue model, which is expected to further drive future revenue growth.
- Strong Casino and Gaming Sales: Casino and gaming sales reached $8.3 million, up 24% year-over-year, reflecting robust domestic and international demand, which is expected to continue contributing to the company's cash flow.
- Upgraded Profit Expectations: The company raised its 2026 net sales outlook to between $55 million and $57 million, while also increasing its adjusted EBITDA forecast to between $1 million and $1.75 million, demonstrating confidence in future performance.
See More
TransAct Technologies Q1 2026 Earnings Call Highlights
- Significant Sales Growth: TransAct Technologies reported total net sales of $14.4 million for Q1 2026, reflecting a 10% year-over-year increase, indicating strong growth potential in the foodservice technology sector that is expected to drive future revenue growth.
- Adjusted EBITDA Improvement: The company reported an adjusted EBITDA of $1.4 million for the first quarter, raising its previous guidance range of $800,000 to $1.5 million, showcasing management's confidence in profitability and execution capabilities.
- Increase in Online Terminals: By the end of Q1, TransAct had 19,959 online terminals, with management planning to enhance revenue contributions through effective monetization strategies, which is expected to strengthen the company's competitive position in the market.
- Optimistic Software Revenue Outlook: The company aims to increase its monthly software revenue target to $100 to $200 per machine, and with the BOHA! software's earlier launch, it is anticipated to further drive long-term recurring revenue growth.
See More
TransAct Technologies CFO Retirement and Successor Announcement
- Executive Transition: TransAct Technologies announced the retirement of longtime CFO Steven A. DeMartino effective June 30, marking a significant leadership change after nearly 30 years with the company.
- New CFO Appointment: Robert Campbell has been named as the new CFO, having served as controller since 2022, and will also take on the roles of secretary and treasurer, which is expected to enhance the company's financial management.
- Strategic Alignment: CEO John Dillon stated that this leadership transition supports the company's strategy to expand recurring revenue through its BOHA! cloud-based SaaS platform, indicating a strong focus on future growth.
- Advisory Role: DeMartino will remain in an advisory capacity until the end of 2026 to assist with the transition, ensuring stability and continuity for the company during this period of change.
See More
TransAct Technologies Appoints New CFO
- Executive Appointment: TransAct Technologies announced the appointment of Troy Ingiannis as Chief Financial Officer effective July 1, 2026, who previously served as Vice President, Global Controller, and Chief Accounting Officer at Barnes Group, which is expected to enhance the company's financial management capabilities.
- Succession Change: Ingiannis succeeds Steven DeMartino as CFO, while Robert Campbell, who was initially set to take over, has withdrawn his candidacy for personal reasons, demonstrating the company's adaptability in executive transitions.
- Financial Targets: TransAct aims for an adjusted EBITDA of $1 million to $1.75 million in 2026, indicating confidence in future financial performance, while the go-live of the BOHA! software has been pushed to late Q2 or early Q3, potentially impacting short-term revenues.
- Stock Buyback Plan: The TransAct board approved a $3 million stock buyback plan to address the company's current undervaluation, resulting in a 20% surge in stock price, reflecting a market reassessment of the company's value.
See More
Computer Peripheral Industry Faces Gloomy Outlook Amid Economic Headwinds
- Bleak Industry Outlook: The near-term outlook for the Zacks Computer Peripheral Equipment industry is negatively impacted by economic slowdown and geopolitical tensions, leading to a slowdown in IT spending and a decline in demand for peripherals.
- Decline in PC Shipments: IDC forecasts an 11.3% drop in PC shipments in 2026, primarily due to supply shortages of key memory components, which will further weaken the growth momentum of the computer peripheral industry.
- High Operating Costs Affect Profitability: To survive in the competitive market, companies are aggressively investing in R&D to enhance their product portfolios, but elevated operating expenses may erode margins in the near term, impacting overall financial performance.
- Low Industry Ranking: The Zacks Computer Peripheral Equipment industry ranks 175, placing it in the bottom 29% of nearly 250 industries, indicating analysts' pessimistic outlook on the earnings growth potential of the sector, suggesting a challenging future.
See More
MedVantage Partners with TransAct to Enhance Food Safety
- Significant Partnership Success: MedVantage's OEM partnership with TransAct has entered its third year, successfully driving the widespread adoption of TransAct's hardware and SaaS solutions in the U.S. healthcare and food service sectors, significantly enhancing customer food safety and compliance.
- Positive Customer Feedback: Since the partnership began, customers have reported improvements in food safety and labeling accuracy, reduced labor time associated with manual processes, enhanced consistency across multi-site operations, and improved regulatory compliance and audit readiness, directly boosting operational efficiency.
- Strong Market Demand: The General Manager of MedVantage noted that there has been strong demand from customers for smarter, more automated back-of-house solutions over the past two years, with TransAct's technology enabling them to deliver a differentiated offering that addresses critical operational challenges while achieving tangible ROI.
- Innovation Driving Growth: The OEM collaboration allows MedVantage to integrate TransAct's award-winning technology into its broader portfolio of solutions, further supporting customers in innovative ways to improve food safety and compliance, thereby enhancing market competitiveness.
See More
Transact Technologies Reports 10% Sales Growth in Q1
- Sales Performance Boost: Transact Technologies Inc reported Q1 net sales of $14.4 million, reflecting a 10% year-over-year increase, showcasing the company's strong market performance, particularly in its strategic focus on software revenue.
- Software Revenue Growth: The company achieved a 23% increase in recurring FST revenue, reaching $3.3 million, indicating the success of its transition to a recurring revenue model, which is expected to further drive future revenue growth.
- Strong Casino and Gaming Sales: Casino and gaming sales reached $8.3 million, up 24% year-over-year, reflecting robust domestic and international demand, which is expected to continue contributing to the company's cash flow.
- Upgraded Profit Expectations: The company raised its 2026 net sales outlook to between $55 million and $57 million, while also increasing its adjusted EBITDA forecast to between $1 million and $1.75 million, demonstrating confidence in future performance.
See More
TransAct Technologies Q1 2026 Earnings Call Highlights
- Significant Sales Growth: TransAct Technologies reported total net sales of $14.4 million for Q1 2026, reflecting a 10% year-over-year increase, indicating strong growth potential in the foodservice technology sector that is expected to drive future revenue growth.
- Adjusted EBITDA Improvement: The company reported an adjusted EBITDA of $1.4 million for the first quarter, raising its previous guidance range of $800,000 to $1.5 million, showcasing management's confidence in profitability and execution capabilities.
- Increase in Online Terminals: By the end of Q1, TransAct had 19,959 online terminals, with management planning to enhance revenue contributions through effective monetization strategies, which is expected to strengthen the company's competitive position in the market.
- Optimistic Software Revenue Outlook: The company aims to increase its monthly software revenue target to $100 to $200 per machine, and with the BOHA! software's earlier launch, it is anticipated to further drive long-term recurring revenue growth.
See More
TransAct Technologies CFO Retirement and Successor Announcement
- Executive Transition: TransAct Technologies announced the retirement of longtime CFO Steven A. DeMartino effective June 30, marking a significant leadership change after nearly 30 years with the company.
- New CFO Appointment: Robert Campbell has been named as the new CFO, having served as controller since 2022, and will also take on the roles of secretary and treasurer, which is expected to enhance the company's financial management.
- Strategic Alignment: CEO John Dillon stated that this leadership transition supports the company's strategy to expand recurring revenue through its BOHA! cloud-based SaaS platform, indicating a strong focus on future growth.
- Advisory Role: DeMartino will remain in an advisory capacity until the end of 2026 to assist with the transition, ensuring stability and continuity for the company during this period of change.
See More
