Recent Updates — TACT
TransAct Technologies reported preliminary second quarter 2026 net sales of $13.9 million and a net loss of $50 thousand. The company increased its full-year adjusted EBITDA guidance to $1.5–$2.0 million while maintaining revenue guidance at $55–$57 million. Management engaged Bofa Securities as financial advisor for a strategic review of the Casino and Gaming business, which generated $7.3 million in quarterly sales. Separately, the company entered into a severance agreement with CFO Troy W. Ingianni providing for six months of salary continuation and bonus pro-ration upon termination without cause, or one year of compensation plus accelerated equity vesting following a change in control. TransAct Technologies provides SaaS software and integrated hardware solutions for foodservice automation and casino gaming ticket-in/ticket-out systems.
TransAct Technologies appointed Troy W. Ingianni as Chief Financial Officer, Secretary, and Treasurer, effective July 1, 2026. Mr. Ingianni succeeds Steven A. DeMartino, who retires June 30, 2026; concurrently, CEO John M. Dillon will assume the title of President. Mr. Ingianni also becomes the Principal Accounting Officer, replacing Robert Campbell, who stepped down for personal reasons but remains in a non-executive finance role. Mr. Ingianni's compensation includes a $350,000 annual base salary, a 35% target bonus, and 15,000 restricted stock units vesting over four years. The company operates in the technology sector, providing point-of-sale and food service technology solutions.