TACT - Earnings call transcript Q4 2017 | TransAct Technologies Incorporated

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Operator

Good day, ladies and gentlemen, and welcome to the TransAct Technologies Fourth Quarter 2017 Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to introduce your host for today’s conference, Jim Leahy of JCIR.

begin. may You

Jim Leahy

Good Fourth Gigi. welcome TransAct to Thank Conference afternoon Call. XXXX Quarter Technologies you, and

Joining from DeMartino. Shuldman; key details and include us on CEO, discussion operating President and today a quarter these and the strategies, Company the progress CFO, initiatives, the fourth Steve of Today's against will Chairman call Company's are and Bart results. financial

open for questions. participants the for call then will We

statements on about forward-looking a call future and As call reminder, as are Statements conference expectations, results materially. deemed in be contains nature. actual may this this may which and events forward-looking differ

all a call At For to of the on revise financial meaning to call. reflect any will forward-looking Company, SEC calculated the a SEC the after press undertakes of website. Bart GAAP XX-K of financial events in comparable most and I’d as full within the include measures webcast non-GAAP can including or update to or filings, list When TransAct risks to Form the business Company's presented obligations to to occur measure refer like in inherent well Today's Bart? the accordance statements and on and that Regulation required to release found time, the today's directly with Company's the reconciliation non-GAAP reports this measures and be circumstances turn its call XX-Q. G. as please no Shuldman. financial over

Bart Shuldman

of of and operating million. and quarter, announced of fourth Jim, $XX.X you, everyone our us we webcast. sales adjusted million call and income included Thank to afternoon, conference million, net EBITDA $X.X which joining this $X.X this on welcome Earlier afternoon's XXXX

have In work moments, year undertaken Steve business, has throughout financial returns believe with related XX.X%, top gross products particular, in for solutions forward. technology, that but are market, included the high going the allow Furthermore, we I’d all-time begin well-positioned for more portfolio generate review providing ongoing Overall, going believe to about offer forward. to resulted are efforts the as shareholders long-term few detail some business. will label to demonstrated margins powerful the software agreements, level solutions results the for also our sustainable in we will more course represented at restaurant by have growth our over our margins building that for record that in support in and to doing we sales warranty technology-driven levels our rapid line which we and a comments more restaurant results a like we the for and growth gross Our solutions of TransAct year. the profitable momentum of in quarterly result ended in XXXX XXXX, our proprietary high-value contracts terminal maintenance will transform of resulted attractive TransAct.

Our still of AccuDate a will TransAct restaurant what for for in the early stages very large solutions market opportunity is expect years. market be we

the terminal, support shipments market of lower largely as customers engaging they AccuDate the and explore applications. food safety deployments. and helping service restaurant operators XL particular, can we food is grow benefit to their stores enterprise-wide clearly throughout demonstrating the how In revenue, by and AccuDate costs enhanced testing are with to and our Our are coming of And and awareness. team in trial have us XL to-date to been functionality activity

the dollar significant pipeline lower allow and they costs multi-million As safety, on companies to as continues to drive has ours. seek food solutions, demanding enterprise holistic them grow. solutions sales This helped to focus restaurant that that are such

and maintenance of basis, sales agreements, the sales on recurring opportunities of contracts also As convert our form -- a sales to we TransAct in move to expect consistent revenue more branded increased service labels. lead forward of in begin XXXX, will software pipeline which we to warranty into support our

of Just be CrunchTime result quarter in attractive we to labels that This into build opportunity software and and terminals, TransAct, for along test address represents contracts. already are XXXX, recurring with what working starting currently of deployment with on the revenue full an have opportunities an believe alongside in a partner you large get the support on internal opportunity rollout, of to as our of company with a the multi-brand form provide shipped they XXXX. processes for to the solution, and initial second units should restaurant we thousands some ready the the customer will in that perspective we large begin their national, component

shipped we where large process addition, the units and for installation. second field have the opportunity In also a we final initial test have

more AccuDate throughout restaurant ingenious terminal, way which market. particular sales One been working opportunities to XXXX very service a We're will second closed, and as also they believe the range us cost for rollout begin food the also grow food they to to and dynamic found we in also the customer across in rollout our full customer that brought of terminal more terminal with using customer opportunities This recently close quarter by XL. spectrums many shows is AccuDate a for will and the is this of solution It We use opportunity -- of and XXXX. an occur help in XXXX. importantly the has cut safety to revenues. the the

to The a we and close, first the start have the revenues quarter two to XXXX in we I but continue the begun will pickup others in experience quarter just throughout about should that large the up second we meaningful that year. spoke opportunities expect slow of

believe also gaming casino gaming a international support this sales saw which the by healthy, in following positioned market, to and revenues to domestic sales I domestic grow domestic XXXX, we would to XX%, we our market sales. casino in continue have remains grew as on new that quarter a like opening and exceeded offset of year domestic out internally up our in to market. that efforts and sales. overall printer business by replacements strong XXXX, relatively tick additional The a rate fourth driven Moving lower the point our

in XXXX, the up international direct to we with the moved issue [ph] and sales to in a build the program, XXXX. implement of for office staff our market, European As quickly strategic sales starting the for We address decision Europe sales in January decided made to and late X, infrastructure an group individuals.

sales, in only demonstrating this of While quarter purchases, made the significant resulted international in distributor are decision benefit are former unfortunately now fourth recent a more results small clear decline actions. our as

we of XXXX. that sales sales secured team In through already fact, from and exceed European generated our all what in commitments casino has to-date gaming XXXX, manufacturers

repeat me Let that.

leadership right in sales our gaming the have all commitments all XXXX. believe indicates did confirms more Ultimately, we We than and solutions sales the the and the now our market in this of to industry. TransAct value customers in Epicentral casino of Europe place we Epicentral also personalized providers known and the to casino for the which like mention across the having is I are as promotions. with their our backend use system would couponing which service for success SE system, allows we

providing for sales our more has again are investors in This been optimistic a that opportunities first The in success, strategy and markets. Epicentral shows more our SE. of occur our real will we solutions technology-driven installation

see in orders. lottery business, spare longer, systems by results XXXX, remained of the in printers, XXXX. balance we healthy believe, will parts continued the parts keep the lotteries obviously the shipment in benefited spare and business of we should resulting We sales to see the our still in at move briefly tremendously Looking our newer market, but healthy

XXXX order first we In system provider. XXXX should in Epic another also experience for with our addition, lottery printer our new lottery world-class

sales focused remains to The oil new light, in And as industry in prices. taking think oil drilling strategy Printrex XXXX. throughout on our and gas gas showing signs is could of opportunities exploration technologies domestic and thanks the growth some it we oil our Now drive they advantage market of arise. higher and Printrex

vital TransAct our long-term Group of remains to relates a growth strategy, Finally, it as solutions market. the particularly Services restaurant piece

labels, support benefit our TransAct contribution AccuDate and to maintenance increased the line for sales of agreements from expect We from XXXX software terminals. in branded an contracts warranty

recurring for model results, the deeper of summary make to out the remarks continue will the build year opening which before after, will which quarter will grow fourth Steve XXXX to I over that, With a call will Importantly, turn these Steve? I review year. after year our sales call questions to answers. after revenue and

Steve DeMartino

afternoon, Bart. Thanks, everyone. Good

quarter net were last year. our XXXX down $XX.X $XX.X million sales fourth As from fourth Bart the million, X% said, quarter in

in last Looking fourth year’s were to down lower at decline our from in The we restaurant driven DayMark our quarter. solutions market, sales XXXX support was of by effort or by fourth new to take quarter internally. the as Offsetting was menu terminal the XX% a $XXX,XXX large quarter the $X.X to sales distributor sales sales million, up customer uptick the of of DayMark an launch sales AccuDate item. our in a more of sales decline continue

to were were show numbers, banking we Domestic nearing printers our of higher $X.X the saw McDonald’s down to consistent casino the distributor. fourth to will a now year pipeline decline Ithaca Casino strong. year fourth for gaming X% OEMs the grow decision the quarter, in our printer slow we drove XX% sales million in Bart gaming more down sales. international to the market pace relatively significant our lead and sales the remained the continues market believe of sales or were down model XXXX As as million to over U.S. XX% XL continued POS we late over the and former a as automation strength $XXX,XXX fourth a point this year, it sales doesn’t to sales where team, product was our mentioned, inflection up in prior domestic the to momentum are quarter our quarter while for ‘XX. where to direct and as AccuDate sales $X.X in to prior ago. and shipments the XXXX or in from year-over-year grew in record and our the shipment year $XXX,XXX sales transition XX% Offsetting to European

direct sales strong in now some already or XXXX, believe product $XXX,XXX confirms move $X.X $XXX,XXX normalized Printrex were lottery a selling compared signs which rationale believe and market to we with to potentially quarter our our customer gaining prior full to XXXX. some for However, year are year life as down have $XXX,XXX we level sales shipments largest as more that of show gas to XX% Lottery sales grow for direct decision sales million a and running are selling our ago, printers compared at and efforts likely the We for were of oil to of momentum. commitments return continues levels. the steam to Printrex to printer our new model. the European secured

million, $X.X driven only this TSG strong entirely mix. will small the still sales in by overall So, were very almost sales business to part our quarter. of XX% up spare remain piece lottery year-over-year

lottery from by recurring though We’ve XX% the strong expect related XXXX, to Looking solution in normalize towards XXXX, now we and like consumables, the labels away time strong to beyond. transitions printer more and margin our and to quarter the quarter was driven value, new XL solutions, an our to to sales we lower sales. for AccuDate overall in software TSG points from POS some spare products expect significant sales begin service Gross lottery mix, of terminals we we’ve driven quarterly as at sales legacy and and for and contracts. XXX support to crossed part The AccuDate expect our and sales and ‘XX continue the restaurant particularly the threshold. maintenance gross a marking that service the by the contracts our mix spare margin meaningful pace higher basis very first-time our to for expand increase technology have the all-time said record, again in contribution XX.X%, ever rose fourth product part

costs quarter direct to from fourth the model a higher and to look gaming momentum casino the expenses move should or a staff for our or gross building new XX% the year-over-year. XL largely XX% XX%, to the the through development Engineering, for of operating incentive up initiatives as Selling margin and expenses restaurant for XXXX, were European growth for strong convert $XXX,XXX the were of XX% incurred or professional businesses. and expenses G&A for selling distribution up marketing fees. and grew over support fourth fourth additional development of as $XXX,XXX product for of in as both result $X continue similar and million, AccuDate the our we and quarter quarter product services expenses higher and XXXX million solutions to we As added Total we expenses design were support level year year. $X.X businesses. up prior compensation

support we income we or million casino investments year, compared believe was businesses. to continue development and the the restaurant XX.X% as or income fourth XX.X% increased for for quarter. remain operating will XXXX sales gaming in of elevated quarter the Over and sales and year of to generation product ago expenses sales operating solutions coming Operating million $X.X $X.X of

in extremely efforts, engineering, investment including by long-term in While the European quarter, was and gross growth. an profit was increased marketing offset healthy our support sales team, to our margin sales new it

the of Act, a income tax of lower impacted XXXX fourth $X.X rate. or million deferred of tax expense, in late new tax With the Jobs quarter the in EPS December, to by Cuts the share signing a as the corporate assets $X.XX our revaluation to charge XXXX result negatively our Tax XX% and was per

we compared to ago fourth period. $X.XX earnings share diluted the recorded $X.XX share loss the quarter, per in such, As per diluted of XXXX in year

recorded we fourth of in Excluding quarter this charge, would EPS diluted $X.XX have the XXXX.

While positive tax had corporate the to on significant EPS our tax forward. a on a expect new impact the fourth quarter we one-time earnings, going rate our the negative federal of lowering law have impact

In to range, XX% experienced years. well our last range, for fact, below XX% XX% effective over we the historically XX% XXXX we to have expect in is tax rate which be few the to the

and in return improvement, allow additional In growth positive investment return opportunities also in XXXX. our capital, addition to a increase flow, cash impact of shareholders have to on drive capital the our more EPS will this for our on

balance per fourth approximately quarterly capital of Our in XXXX compared $X.X we and the XXXX the ended make total did quarter $X.X We the debt. adjusted fourth in sheet, share last for quarter, quarter. million was to cash $X.X of stock EBITDA to fourth year. And no quarter the turning in in $X.XX million with through any cash repurchases the dividend a our finally million and $XXX,XXX shareholders returned common not of of of to

approximately For repurchase our the share of at million full quarterly the Though we and capital dividend current Board XXXX, $X.X returned just to XXXX, stock year of our plan end approved our new through expired shareholders repurchases. further allocating initiatives. building TransAct authorizes shareholder common million our demonstrates time that market. to up commitment repurchase our our plan to repurchase stock to on to from stock to $X time of capital the open value This a

various over quite $XX call our the began point, in remarks. give repurchased through common our which impressive of fact, final have plans, In Bart XXXX, I’d which million back like stock, this for buyback an we some is to to feat. Bart? At

Bart Shuldman

Steve. Good job. Thanks,

that in and favorably a positioned service benefit operators priorities. to major investment from are is restaurant We confident food change TransAct

to TransAct sincere shareholders. closing, and creating as like grow our long-term controls AccuDate moves our day-in are the We reporting day-out that and evolve team future tangible operations better through tighter support. be house my towards chain year an doesn't drive of will and the their Roth work and and better I’d Following we shareholders, successes has attending products that's let their thanks one-on-ones are to In And for to intended a years branded also finally, our current brands, like on to value that higher enhance ensure the believe I’d increased them customers’ be to to drive revenue investing attractive created restaurant forward. conference sales for I positions set growth, next easy that that I’ll to customer-facing and protect looking now the will in generate TransAct we up to I’d our exciting XXXX and to the of TransAct use for our forward operators to express year for can back Investor of solutions And that technologies believe does that on your Monday, and label to Tuesday. and if know profitability one-stop the like terminals their to Growth TransAct everybody processes, continued supply allow financial long-term raw manage solutions better. while business. are available be thank returns, needs shop week work, available look addressed. if materials. opportunity our

We the results progress thank you to first afternoon. time, report on So, everybody on this the our we I I'd reporting turn to in call in early for quarter over look like to questions business answers. when joining further us and our back May. this At forward operator, to call

Operator

B. FBR. is question from first Anderson Our Instructions] Riley [Operator from Kara

now open. is Your line

Kara Anderson

Hi. Good afternoon.

Bart Shuldman

Kara. Hi,

Kara Anderson

pushback to the the for and in generally So, sales hearing? where respect with the cycle, the do, when leads off what's you're solutions, sales pipeline restaurant fall do they

Bart Shuldman

set the installations would has we is of We that the up say, on. in bit fallen really big week where on. now the off, to T all haven't working Good with doing sales two this There question. like of we're we're what that track opportunities. right [ph] And office, go I a integration

takes that so Ethernet that's the trial got to they're okay, say in once a they so, of a done, their all terminals out they've we've to the amount once then talk one drops can the get that So, integrate that and to with with once their of system cloud the that to they've and going to roll the use existing capability, up thousands working They to we're going of the that all have fair regards computer of to decision system the got the all our the to terminal got many set and partners system, back then, has ingredients restaurants made working, use. the system. now company menu to all of loaded that's sit time it to brands, into have with system. and items then to And got then all recipes done, and it. and the And get then

And out lengthy is of thousand now that pretty quickly a is roll out go process right where restaurant. process. to technology each and this ready to lot and -- all at on tried of a that equipment terminals ensure that once to that that a see the we the rolls and it that's out, pretty going it's true will pretty and quarters the of they most roll has the We're every couple to it once is So, over do of couple quickly. really system ready work go and and

I about solution. see So, that's up which a really this enterprise McDonald in where was little, menu an it. solution, very talking from We've was grown it really in Kara, fixed, we a on of kind very the few updates. harked single market terminal, the

If you basically terminals a took update, the and updated computer you and a it jump did you put the something drive and XXXX into did into an on machine, it.

up You in to typed and multiple yourself. updated hooked being their up system. we're the by going clearly restaurant to into and we're on the And where one CrunchTime, as it to have such going are now, actually systems, that terminal it be getting hooked to terminals system could

So, solution We’ve up. now. grown enterprise-wide it’s an

now providing enterprise of are solution. in the We real an world

this We about the customers. will there’s because couple a an to on these enterprise talk months of over with more solution next to have providing going lot

to the at really this we’ve done departments have So, down, an the field want really the IT a gets is solution, lot to enterprise ready walk XL trial out roll the where they work our seen XXXX migrated -- level get systems. what from as the to they see of that we want really really as where customers

Kara Anderson

service or national generated? in that roll Okay. are for the your brands clarification, that this. to large I you you guess for introduced you chain out that planning partners a to is said that. have you software Thank And food Were via then, may you restaurant relationship just

Bart Shuldman

Yes.

it’s combination. So, a

almost through will to with of introduced use their to was itself partners by to grow not about actually only one way one introduced us bought food revenue. was and help and the software us our ingenious for them actually but the it, terminal, it terminal actually that started which heard company So one safety our using very

came one one so, back use And the kind CrunchTime. one of couple customer we’ve by pipeline a than labeling that look opportunity. use of of on working And we to towards at to fond But this more themselves our us how software to way was they’re it’s is ingenious terminal was other solution by it to to us upon of and all us. are it pretty are more and enterprise really And stuff going got large partners side now, that without right a the two restaurants. their then out brought it. then, they the brought an in the took and roll to And to where across themselves

Kara Anderson

out any Got casino behind it. in to new sort XX% for And did the shifting particular increase openings large that? out roll or of or gaming, to then, include and casino anything call

Bart Shuldman

Not really. No.

Kara Anderson

kind much Okay. the lost terms a sense segment Can sales international so that was of you the get big for printer quarter, quantify European in of can how how in is? we of

Bart Shuldman

soon Yes. lost what sales thing as we started business as reported we lot a when Europe. have exceed shareholders getting and have up year. have commitments of kidding, we am commitments did saying really problem. to that And all saw in around is not a this realize to all arms it happening, already, The sold that of European we And last couple of actually it already the we weeks I that it was our and or our we for ago am sad won added we we’ve that a I sales that I

a was you’ve it I got amount. don’t Steve, if So, fair anything?

Steve DeMartino

$X.X just printer quarter. sales were international million, The down the in

Bart Shuldman

have customers of our we on back. story a sad what’s story kind situation, distributor, how the about The rectified quickly and really in we’re a going come excited about Europe. and about So, good

we very think the really pleased that to we’re were that printer. know didn’t to even In We second the have to fact, was happen fact. us about year. contacted it our some going the with of buy customers didn’t there And half

and come pleased come quickly. to ready really the here. But, for it weren’t we back back we’re fact, see really all In this orders

anymore. should be a problem Europe not So

Operator

Phil from Bernard next Krejcik. is Eilers from & Our question

line Your open. now is

Phil Bernard

more Europe. view the and of the now little question. a quick team size size Bart, One elaborate optimal team marketing sales mix? and an strategy sales Maybe sales as on that in what you

Bart Shuldman

Yes.

You them cost X, we took we mean, on-board get I clearly, to adding in and us over of the it people the them January XXXX. had before on fourth saw the sales quarter. bring trained

very So, with we staff we’re the happy that now. have

-- our on facility saw are specifically up in here. the think and also facility. in We customer quarter gaming did And -- go in cost mostly much go was a stop Europe. for warehouse, shipping that product, from the don’t be product. we added can costs moved we Europe the marketing couple the our in to side the our service more fourth to newer we we of from a Steve that the Where casino shipping facility will loaded added portfolio and can where Europe. we’re from directly the I to up. -- in directly sales They the warehouse will our because that you now the was

right good a now. orders at in. And we’re the So, level are coming

Phil Bernard

seeing difficulty] guys uptick replacement [Technical it? an sales seeing sales. I’m curious just in you are how And we’re

Bart Shuldman

off. question you again, sorry. the Could You ask Phil? cut I’m

Phil Bernard

traveling gaming on that view sales, respect what moment. following I’m a domestic period? strong casino the So, forward is your to With going at

Bart Shuldman

because of up domestic Look, slot gaining I think probably we’re market the don’t XX%. machine market were -- a shipments bunch share.

we clearly a more we’ve market in that talked see to Epicentral. And that’s that on clearly last a up from conference casinos the see we saw getting But, been. that So, we’re starting where firming were for market believe share. also ready call quarter. about clearly seeing healthier of we of And fourth a the we from more we also market. And the we’re areas. that gaining couple But

from our XXX wanting see get coming that. ready to we So, for of some casinos that

about such Wynn a product We of machines, with The of When of our reliable introduced worry they has versions casino have and the XXX. older the have newer floor different was have to marketplace. into in of Casino the supplier a casinos a don’t been XXX trusted XXXX. the opening having Epic it. That

to tends of or competitor four different Our have three versions product.

trying to version. they’re bring Now, out another

works have what and have learned we’ve the we doubt. firming seen and just a business, going; I true of So, but the tried been think embrace XXX we the casinos to reliable, kept done, no and up

Operator

our Grand question instructions] you. Sacks is Thank Mitchell [Operator Slam. from And next from

now is open. line Your

Mitchell Sacks

With were that imply year. can me respect process can orders? the orders year have works? And to-date of continue maybe being continue walk for does just to to order previous business, through international, greater kind add they how go the to you more you talked that we that you as about think the that about so, than the In I on,

Bart Shuldman

Yes.

are also combination from a got in-house, we’ve of So, manufacturers. orders but that commitments long-term slot

and So, slot manufacturers year, we other, you and have said, will come all to to that, if negotiate all year. give XXX the want buy that business the to this us and do want we we’ll you the

it’s orders gaming across you and the up, add when by way, in-house. casino. both And all So, that

our printer. and ticket both it’s roll So, fed our

printer. we continue for and orders also to that the year orders we the We have to long-term got in-house, printers throughout all commitments have got have, three got have we buy

and close more it’s So, business. expect upto to when you that of add amount fair a business, adding we all up,

So, Casino our some entered more to dealing a started X, of course where We business to January customers successful going. for with we us. had force ICE, very that commitments to to sales the Exhibition show keep had be we XXXX with we out us it’s then make going which the and turned International want

good So, the we Mitch. feel very year, about

Mitchell Sacks

the large orders you to talked or with the you XQ around then, AccuDate start filling expect in that be about aimed terminals, respect And to Okay. XQ. two

for those regular correct? your couple so, of you’re And thousand business, possible whatever terminals. top on of That’s doing

Bart Shuldman

yes. Yes,

Mitchell Sacks

for have kind its the that yourselves? then rates in to methodology trying Okay. we we’re thing sort And if attach try any hands that to one a around use of Do more project as still around feel my of you labels. could

Bart Shuldman

forward. are we to contract. there’s more revenue. accounts months going doing. software now, which lot going forward, operations, terminal optional. important go But, about signing what to as to so because of and of warranty And roll be in is a There be. warranty, have have the label. be then three an which with we’ll next the this there to going contracts, to is their Mitch, is not of going There that the components a software maintenance such be The is of we we up going to talk the be the maintenance as starting contract of Yes, min and becoming to couple is ratio we about are what forward to customers our the are components, up a going three recurring There is to piece but will some tie max and

we’ll for over to you will price. give sale more as investors next ratio of things to that feel terminal the able want how rolls to the sense think of share be until I the to couple know tie percentage that ship be say of important a do and Clearly, to the get some a able maintenance be on we software wait that’s that. to we the average what good every will and we out believe be about we for to more months. I have to

Mitchell Sacks

till high-level with give gaining if to back with us that types And piggybacking with long sales how decide contact about of kind relationships, these took? a on customer picture you from forward to respect Kara's process of initial the then, of guys rollout], sort question, move [still they

Bart Shuldman

we there, not to McDonald's years. to the being us. that to added just minimum house, the XX all now is menu training was software It's would two the And was realize on not all the months machine, have it, the What a say plugged that's or their the integration easy. not of got Machine -- internet, anything. plugs XX way, year. McDonald's it's an we everybody And is menu, to I loaded back McDonald's, in, the into sits has it's their it. way the plugged we cloud trialed the and field by worldwide this we easy. into

ready see worldwide, McDonald's buying we'll drop a little for we a show. sales So, because as in is get worldwide

the them on multi-brand then to to system, trialing taking and companies, this see get process getting work, doing getting system, out. we’re system, worldwide. recipes So work on getting But, there on ingredients as big that is the through we'll that on the the the it a of getting the rolling we system, now the enterprise to lot pickup restaurants, that

done it's And pushback, has process, there. just went customer what depth very through process. kind of like been a value the a offerings lengthy that's But, solutions full being But part in later, like this a lengthy no in on. year and it of be the it's process. a process put product we'd So, two is It's a there and and to is we of now Oracle, and it's years the thought and when suite we to here restaurant. we half turned the half in we

Mitchell Sacks

you. Thank

Bart Shuldman

So, come couple pipeline. first to Mitch, through the are the starting

Operator

am time, to this back Chairman Shuldman, over At I for the I no Bart questions. like showing further and call CEO, turn Instructions] remarks. [Operator would to closing

Bart Shuldman

and your business when further forward you the Conference in of progress quarter you you on look us some you support. afternoon. you And say looking in week you you Thank your anyway. for Bart; we'll back hope Thank And one-on-ones. do report doing and May. do answering can you thank Capital I to next there I today. see questions this our early joining to talk to Thank call in ROTH very some for at first the our for to results much. we on it Growth May. everyone We us our joining forward reporting

Operator

your Ladies program. concludes and for in gentlemen, This you today's thank participation conference. the

You may now disconnect.

TransAct Technologies (TACT) 5 Mar 182017 Q4 Earnings call transcript