TACT - Earnings call transcript Q1 2021 | TransAct Technologies Incorporated

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Operator

Good day, and welcome to the TransAct Technologies First Quarter 2021 Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Ryan Gardella, Investor Relations. Please go ahead.

Ryan Gardella

Thank you. to first welcome call. XXXX and afternoon TransAct quarter Technologies earnings Good we'll announced close. after results discussing our Today, the issued in be press release market

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

the open to for call We will then questions. participants

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

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

Bart Shuldman

an a quarter. call from start momentum you. excellent XXXX Thank as you thank to with everyone year on Ryan, and great first continued last today. us to is off joining the the

up the paid added X,XXX Technology a now quarter called new the FST paid X,XXX pick considerable and speed we in Service over in of Our for total market. terminals terminals market continues Food to

achieved XXXX, expect our XXXX. already continue million quarter QX quarter we of to exhibit contracts $X.X In FST existing in growth revenue first I for With second that orders received revenue. over in in recurring of the very positive recurring extremely software pleased addition, I'm in will our

their driving continued proposition global solutions headwinds and BOHA! subside. are of value unique significant to and to industry-leading continued results Our pandemic demonstrate opportunities as the the promising

total As shortly, $X.X I of gross EBITDA Steve to EBITDA million million. we profit and was first quarterly and million loss XX.X% quarter will fourth in loss an revenue quarter of recorded rose of our our net the in preliminary am detail $X.X discuss margin XX.X% versus adjusted pleased XXXX. $X.X

last XXX% about Service the Revenue same the speaking period our quarter from Food market. Technology year. in million, $X.X first Now, up specifically was

includes Our or service, on that subscriptions, recurring revenue, an million annualize and basis. FST which software, labels was if million annualized $X.X $X.X you

number in on the As recurring Hardware grow revenue to stream. of the revenue sales exponentially. last recurring the And between revenue, as and our a terminals FST the $X of in the by and paid recurring increase our market are of in we will terminals $X.X market, XXXX. the reminder, number guided call, end million lifeblood revenue of we our

XX. to by the the of the market On of XXX% over we the and to last bringing up quarter this X,XXX This with in additional to the ago the between equates terminals tremendous running from total we an call, mentioned, in end terminals I quarter our hardware a paid had first first regard of As at on our X,XXX. XX,XXX year guided system end sales XXXX, fiscal period. paid XX,XXX

stream results particular, want expands, terminal will revenue. As a our to a call fueling grow, I In effect. sales predictable FST our of as out our in paid also recurring revenue base label consistent beneficiary

basis. become less but that from large correspondingly, the big our sales a our impact prolific, increase more orders revenue smooth become label of quarter-to-quarter terminals our will As customers only as we'll see apparent not on

focusing we know, that build more and a X-Eleven Each the piece And their our terminals BOHA! to XXXX. that stores store with X-Eleven you being installed capabilities this a expansion. food important food the We different terminals new fresh capabilities is X-Eleven convert fresh fresh and convenience construction no at approximately expanding requires relationship add have stores. an with installation terminal. chain, enable BOHA! store of quarter to the X,XXX will additional are on estimate strong of in was X-Eleven. stores' As food

systems classic with believe and generate will and long-term many this strategy. X, our large terminal As existing 'XX. April the a of customers. adding grow significant the as value market also still press getting the for I fiscal have to With land existing to our QX can. about in $XXX,XXX, would focus existing of we have which X,XXX step in call announced over from and penetration in our approximately a SaaS growth of selling stores provides opportunity is BOHA! growing over to to sales to increased app a we and as of BOHA! BOHA! installed paid apps vital expand reason BOHA! be additional Company X,XXX We customers customer, us is afforded value the out release as our upgrade contract X,XXX end deal a go. wanted quickly on end XXXX, a in our the more runway motion, total our quickly the we by and of revenue module, we temp by another demonstrates software terminals this locations Cross to

In little relationship our effort addition, sales I and Apple about a talk the wanted with to there.

TransAct videos a testimonial BOHA! ROP shareholder use is of their every encourage regarding First, customer restaurant to I platform. operations video both would our each One watch website homepage. on and

restaurant ROP from restaurant company chef also and hear operations. the that the the speaks house an You of executive the to back will to BOHA! to value brings

the video interview our Sales, who team second vertical. Apple of is strategy Ray Walsh, Chris restaurant The the Lawson, heads President an and and Global Vice with up sales for

and food about seamless XX savings Chris In once about BOHA! the our labor shows of experience are empowering rest XX% house Apple of house we restaurant explains systems our mission Ray back the safety food are of a hours safety, XXX on best. a decline sales have customers and of sales do to what combination listen place, and per from order doing work of people XXX partnership behind And, sales are people - location are Apple the our can on integration promote and with important BOHA! will this you saving as Apple on incidents hardware testimonial employees the and to labor is end. in there hours market restaurant back is the about the we per streamlining month. bit, team As and improving they quantify in operations, their Apple software. to This who their mentions values a powerful most

we is in years, of sign, looking our of customers which million typical pipeline pipeline. contracts approximately that over Now, XX% at Apple-related in pipeline we of which being the over with right our value length $XXX opportunities, three have we now

We pleased they is bring and Apple with extremely with grow. the relationship how continues are going to the opportunities

long-term. of As about are front we easy those see in in the us why the front this both FSP optimistic the and to continues, economic global of year it opportunities incredibly at - TransAct is recovery

challenging. X% quarter gaming market, continues down casino sequentially. to Now, international be million, moving $X.X market the revenue but our The XX% in onto and up was year-over-year,

steam. domestic up However, beginning pick rebound the is some to

upwards. the inching expect progress already In recovery to for We over the casinos continue well the limits worldwide course to US, capacity the continue of casinos open reopen of market as the in casino we XXXX. see as

experienced results, I are stagnation in and which answers. With seeing some from onset, we before cautiously gaming we optimistic questions XXXX guests XXXX to XXXX. quarter After gain As opening after the momentum. slight and spend to make pandemic, And casino in return, positioned the gambling the are quarter review will some gambling and gradually acceleration while our will well revenue virus improve we that recovery CapEx opening to floor the [ph] in the the investment hitting second on sales beginning approve continue improve to remarks to call and first trend thereafter. will that, conditions quarter seeing on sequentially TransAct are has horrible projects capitalize every is Steve? market. - increased of our new a floor, the summary due throughout we Steve winter

Steve DeMartino

good Thanks, Bart, afternoon, and everyone.

Let's which million, turn $X.X the in to down our was were QX XXXX. first Total from net quarter's sales for XX% million quarter of $XX.X results. first

quarter $X.X Food of our $X.X Service Technology from XXXX. market, sales first the from However, in FST, XXX% up million were or million to

X,XXX to market, as increase discussed, Bart Our ended quarter. $X.X 'XX period. which ago units sales the of in of quarter in an XXX% paid And X,XXX first increased FST during the year terminals million the $XXX,XXX hardware we the was with from

which the software XXX,XXX the sales include subscriptions in consumable shipped which our Last customer. from up was came sales, the the XX% of period. sushi large year $X.X ago Our at end discussed chain recurring FST well right in reported December as at we service X,XXX we terminals million, quarter, as from label and we

we rise those accordingly. and to operational, are terminals Now revenue all that sales label expect recurring

revenue function so those to service. terminals And other recurring we continue in Bart numbers As mentioned, as have how is our will revenue. label climb, a our recurring of and sales paid many

terminal or per ARPU first $XXX. for quarter revenue was Our 'XX annualized the of recurring

individual fluctuate base of on and label software, quarter-to-quarter stages our service shipped. will and we're timing the of installed that in ARPU still the early Given of of size building likely our terminals based orders the terminals,

transactional ARPU impacted In being negatively from is customers' resulting reduced believe our volume addition, by businesses we still the our pandemic. at

pre-pandemic calculation. a expect note $X,XXX our other of subsides, while quarter we effect item When to rise recurring worth the One real ARPU. and quarter's still end to that terminal a revenue ARPU our the related volume that impact terminals and we get on terminal As don't in transactional late towards our pandemics time from These we the to ARPU levels, ships of plus. terminal, calculation. ARPU have our our quarter, a of returns deployed to a customers' reach include over full

Using the impact, of alternatively the to calculate market prior for ARPU use of would the first first way As terminals quarter quarter this of as be filtering the we revenue $XXX. entire December, a paid could the ARPU quarter the terminals in our March. through number X for the out of producing at end method, this the been end January those from have

gaming. and casino to Turning

million, the were from of sales quarter gaming XX% $X.X and casino first a of Our XXXX. decline

the domestically to sales as year-over-year all XX% due than As pandemic. be speed dramatically recovery international sales, for XX% domestic only of versus down is proving the overseas quicker mentioned were previously, to

printers We to casinos lower period. to year McDonald's, prior recover million The continue were XXXX sales throughout reopen COVID-XX their as and from impact to due to business. automation the expect in was XX% domestic to decline down to conditions the of on POS due continued international $X.X improve both XXXX. million and sales our $X.X sales Ithaca mostly

year TSG Moving And products decline POS and our prior revenue to as from paper on to we period. cartridges in sales TSG, printers, such legacy we're in orders Since focusing sales, up or Group, legacy customers oil in rolls XX% from sales from on recovers our year and from our million were deemphasize additional to down products Though from consumable lower our Printrex decline and on spare sales banking - continue this aftermarket were period. the parts our to the Printrex prior gas expect of $X.X impact the service from we finally, no million including inkjet printers. legacy receive $X.X for products, TransAct Services longer time. the resulted to still $XXX,XXX we market, the to items to our for over as continue $XXX,XXX This of industry legacy COVID-XX. printers; expect XX% contracts lottery

the down Moving income statement.

Our compared in year-over-year, gross the from margin quarter to XXXX. sequentially quarter XX.X% was but up XX% fourth first XX.X%

by the sales impacted in XX% well the hardware overall and quarter gross sales. gaming printer as BOHA! decline margin as Our lower was increased casino sales and negatively

recurring software a we've growth of in installed subscriptions, revenue drive margin FST such of on labels. more to and the effort base As reminder, decided an our to products as accelerate our terminals to BOHA! hardware reduce service lucrative

expenses or remained on have as our and $X.X as expenses larger for $X.X to higher-margin $XXX,XXX largely installed million million of year on marketing gross million, which promotional may impact base the longer-term first due was of a period. operating shows was to a quarter ago decrease to this decrease short-term Total 'XX or canceled. very either trade the margin were a of X% and overall travel we percentage to build marketing our become over which impact in revenue terminals, should margin drop from continue grows fell our the from sales. postponed low as expenses, XX% out While recurring a of we This be favorable see our $X.X gross selling a and

XXXX Our of gradual selling of of we a and first we move ramp-up spending, quarter as level 'XX. expenses reflected marketing a and pre-pandemic through expect

million quarter loss engineering a in was software with prior higher $X.X first We the Adjusted iOS per of an net our in $X.X $X.X a first up XX% our in were was sales or $X.XX compares compared EBITDA net of recorded quarter loss million the was increase million And period. compared million for million drop travel outside the Restaurant less development or invest 'XX, 'XX million 'XX in year mostly negative $X our or in share for XX.X% Lower to design lastly, first the $X million the first and a ago for continue quarter $X.XX back bottom million XX.X% We ended expenses of which call an from ago the at year net balance point, development, like to and of additional were flat Bart? year-over-year in for resulting on of loan for to ago sales to new and year-over-year. all-new Platform all of operating line, a quarter in to product from million $X.X loss This in BOHA! we year period. and Operations the period. we offset closing 'XX $X.X cash that long-term $X.X attributable in to essentially negative forgiven. by looking the year be debt, this native expenses of the Bart March $X.X million BOHA! X% with million period. $X.X to G&A of Workstation $X.X the expect iPad. fees, of than loss to some net or PPP we to give remarks. sheet, operating the 'XX. at of of legal professional the And incurred which I'd At

Bart Shuldman

most one job. were we a hard we months believe here worldwide almost I in shareholders history. open with Thanks, year At challenging employees Steve, want the exciting you. their commitment ahead an to TransAct like operator, XX hit. the to for ago support. also the great through thank future to the this a what later of just loyal are, when time, Thank our way, where your it's the questions. Company's I'd time for want I pandemic In thank But us. to call to

Operator

Thank you. Research. of Howe first from Barrington Chris Our comes question [Operator today Instructions]

Bart Shuldman

Hello?

Chris Howe

Hello, can you hear me?

Bart Shuldman

How are Chris. you? Yes,

Chris Howe

Steve. Good afternoon, Bart,

First off, fantastic quarter.

end? the announced for about start, these your results. I'll job with that have to making as I order with results. schedule my conjunction still in first much questions the off, rollout? progression on You're easier there here. that we many talk year you Is previous restaurant Can quarter's the

Bart Shuldman

Yes.

Chris Howe

Okay.

you the highlighted your you continue - color This I could base. like more upgrade wanted rollouts focus moving on existing a you know provide some be happen, expansion. this? is to Can the module for but Next I customer just it forward. good on question to opportunity opportunity and seems

Bart Shuldman

Yes.

So Chris. you. great question, Thank

all to you at and we look point software. was system temperature that. these taking, sales were BOHA! the that monitoring, you you checklist, early If our to have things do at apps our timers, sales, way like customers label the add that And temperature early could the tasklist, all presented to terminal other

lot them using have and the taking additional what's opportunities all they're the all today of are apps. at looking in called are A terminal us all that that BOHA! market, temperature we are to temperature base So add for sensing. customers the are ripe, of

bundle. our technology at workstation, with we look that the you ROP into which If we're new the there, putting marketplace, our BOHA! is sell

the that sales interesting food. So for terminal all arrangement. because they the first a get and then buy gave The monitoring we'll the for, all apps bundle original we did But apps. be in all And selling they're the for will them the and all roll - software which opportunity software type one sales an were the us in additional some and we are quarter we whole on doing they portal a doing temperature is but because single things for the there that customized charge do this other to not they're closed actually regarding taking, really their story only it out. them, them of higher

we And out is roll about software begin is did taking, because So not once software. but them. opportunity that sales. an that we'll function all it's just software thing did did that the to only was done, additional exciting for it temperature And we nice an

So once just to over on goes software air, go, the over downloading call just to one of you what and air to each start their new they're software over everything terminals we loaded ready terminal. their OTA, the the the gets

Chris Howe

helpful. great. in more And That's I'll That's and then hop I'll queue. ask the very one back

growth is terminal outstanding. Your

I You the But basis, well, doing especially assume domestic things rapidly terminals placed X,XXX than here, quarter. will we're continue, that to seems over are returning geographies. it in full on a normal reopening. other quicker a -

how front at the look allocation we us should we your that now, to economic the scenarios are about think capital business? in that, As different of

Bart Shuldman

Okay. Yes.

us. in of opening over we look, opportunities in remarks, have $XXX my clearly, front So million of

with now, all fact a the has is issue bring them opportunities. are open in the pandemic and no that's real real people, reopen openings that bit a save occurring, labels back of labor rooms restaurants and make is very the where people discussion this But facing. facing easier. there's of issue are of are Some find training is a the where to more their woken will dining the and a Lyft house, we could try to the struggle doubt our that us up software into up the large There's and restaurants And and labor. get on Uber to and which the and have restaurant that market like to people lot and behind restaurants, issues

the to to been remember - seeing onboarding also pandemic our is time, the customer, with industry. side a over increase with pretty process subside has We've and whole to are Apple covers started opportunities again. pipeline $XXX partner this has have as customer that. opportunities actually knew it one a considerably customer of got our great with grown about presented the us, the dramatic we're at foodservice a on relationship restaurant But large that we also. opening and we large that But and thinking really So our get which a very trial through they a of start once customer, take there's does business, in involved evaluation Apple, literally been all and million since right And now. little that sitting both restaurants

Chris Howe

us. Thanks, Yes. Definitely queue. optics positive back Bart. some I'll ahead the of in hop

Bart Shuldman

Yes. you Yes. Thanks, Thank Chris. you. Thank very much.

Operator

from comes question Sacks of Management. next Mitchell Grand Asset Our Slam

Mitchell Sacks

on the in growth in Congrats guys. a quarter. units nice Hey

Bart Shuldman

you. Thank Thanks, Mitchell.

Steve DeMartino

Mitchell. Thanks,

Mitchell Sacks

were you heard year. that I And prepared say correct? that Is installations. on thought remarks, I your tap another In talking X-Eleven stores this about the you you X,XXX for have

Bart Shuldman

construction out Based and XXXX on go year of go this And plenty did but more and the to on for in to we're more their X,XXX to year. schedule. first don't in what going quarter versus, the probably we break XXXX front us, do based we see many have plenty we in how I

Mitchell Sacks

at a unit of to would XX,XXX XX,XXX, the be going to a look that is good of So you part guide there, X-Eleven it, get way way correct? to proper the for

Bart Shuldman

of Look, their this count us quite to get the what They is company. want but do schedule interesting ourselves our they year. conservative with place for and kind order What we're an we don't is of in because is, - construction work X-Eleven don't being an terminal for ahead they're year.

spot to on So quarter, quarter be something could should, or in we're that want now. the year. projects quite fourth ourselves they be say, on some in could the working that the do go can first next on into I though, don't decide it because quarter to reason, forecast right could ahead get the of some based not I of low for

projects the Mitch. of Some quite are large,

Mitchell Sacks

talked Steve then recurring And average terminal. a revenue bit per little the about

variability of $XXX, track call, per the unit, use was runs per what the, $XXX of to contract? I really fourth or waiting actual are average the some timing the As usage based actual of quarter and on ARPU, to you terminal it you average to there? kind in you guys Do I'll Or just rollout. guess, due see revenue be how expect, you because in what of

Bart Shuldman

Well, uses have market, into of Food Service a businesses, divide You've Technology that business one right? the sub kind XxXX labeling right? you mix label. which two got is We customer the if big side, a

sales label, keeps them. be are So as business lot the they a expensive to going very it's long as that use up, picking wonderful and a label of because

the restaurants, side, On software the Mitch, restaurant the more sales higher. label there, be but as will less, close we will be

four will they're lot to or us. with three, more be predictable will a contract it because they contract, going five-year eat So a to subscribe by

and be crashed the to lot project in there, that label of kind contract. sales follow the real economy then the we have to of was software the because downs the winter, that by kind up things is easy XXXX summer opened that only of the kind ups The in in faced saw of going and So we pattern. as issue we'll a

had can Now QX tell stronger QX. out is label what you good I good very than starting very And quarter. a Mitch, software a is quarter. we're seeing, we've had We've that much

continues, that the good what QX. explain is now terminals a if XX. Steve put February we trying even terminal if So to very out was a about we'll And have

revenue. though going all we're But of in six give weeks. us best, six and revenue weeks software annual have counting of even to weeks in We whole at count that terminal to that XX it's label,

quarter, went It's So XX,XXX in let's XX,XXX that get we it's look have matter it's not end of we a at go didn't and did about do call X,XXX, and But eventually, just going to or the right? in incremental a look, there's terminals, January QX. to the in to just a XX% Mitch, we terminals increase. - much. X,XXX terminals. If QX X,XXX say, X,XXX add it, lot we from, of the That's of if you think it, function saying, QX, Steve for trying to were $X.X was and do, terminals we to a we those in And just in we at if timing. of what those So million trying recurring what been your full-service QX revenue. end have will recurring terminals revenue bam, $XXX X,

So won't of Of the the and on terminals as our big of start collecting an pretty simple. because base of the issue grow, ARPU market labels. when incremental our unit have the software, effect our when our into as service It's this and timing. we goes

Mitchell Sacks

Thanks lot. it. Appreciate Okay. a

Bart Shuldman

You it, Mitchell. got

Operator

[Operator Capital Instructions] Martin Partners. Jeff ROTH comes of Our from question next

Jeff Martin

Thank How you. Steve. Hi, guys Hi, Bart. doing? you

Bart Shuldman

Hey, Jeff.

Jeff Martin

Yes, I Made you? interesting. to there? to was my It are pretty going Vegas. first How made out on Wonderful. Vegas. trip my trip What's first

Bart Shuldman

it? was How

Jeff Martin

Uber no drivers. There no is is Tough. There lift drivers.

Bart Shuldman

tough. be would It

Jeff Martin

number, congratulations pipeline to? - obviously. sense nice translate Bart, the ballpark many ballpark that terminals of how bill, Any So can a on is would million $XXX a us give you

Bart Shuldman

pipeline? our - backlog not our I What but mean, backlog, our

Jeff Martin

Your pipeline. translate in Yes, Would terminals? pipeline. million into pipeline your $XXX

Bart Shuldman

that tell many like large. don't don't But But out. quite that I how some break does you terminals do. the pipeline that out in give I can are mean. We we

Jeff Martin

getting estimated That's An what number. at. I'm

[ph]? Could give Okay. you us

Bart Shuldman

it got Yes. is restaurants. the that are and we Jeff, most interesting. though, in it's of about me, good front Jeff, pipeline thing of I've what see,

I'm top looking and that at, six them of software. restaurant Not companies, them the foodservice. of is seven are that's One

to - and So front whole where business seven restaurants, sticks large opportunities the that's where are this in restaurant more of foodservice out more us labels is change of restaurants software, companies. the

Jeff Martin

starting early, process January to relative think just but Any this of hear. pretty year, Do February line you of are of or sight great. start - to a that the sales on pilots the lead to sight I visibility if new wondering going force? That's Apple Great any in from line to still from have have of when there? basically idea you - starting

Bart Shuldman

I do. are XX% than of test. in more those We would say opportunities

Jeff Martin

last your since Great. it first quarter - And call. think earnings had discussed ROP if was that I you've I on at then time, you least sale last you customers? your ROP curious secured additional or

Bart Shuldman

that, Well, put small we for restaurants yes, These are won customer chains two you would a or press to out for did release that every out out very three press that customers but put four a actually we'll put we've releases. press with won't see. chains chains. some like or We release

So no, a press it's there was were release out out our will want about. us know once to mean restaurant enough would put to to not small We using - or that additions we but not companies are there a but that close press very system, companies our for I - - release. we you one put

Jeff Martin

Right. Right.

And I Okay. just curious level, components, inventory certain of would imagine. is then on the chain component supply obviously a shortage

there and prepared be if an how for to that. give Just you're us ordering update could you curious

Bart Shuldman

Oh, yes.

Steve DeMartino

that take one. can I

Bart Shuldman

Thank Yes, you. good idea.

Steve DeMartino

Yes.

we on off been had had did to lot stave we've hand. to we we've inventory of Jeff, So pretty the purpose a large able problems that levels, sure because on enough and make

facing able that companies or have avoid are kind we've So of been recently. many the issues faced to

up the avoiding, starting. is It's can't metals. will on right? copper I we small is passive us materials all could Everybody everybody else because coming same there's raw a think what cause components shortages and or like problem and it circuits going avoid after and

to think we've don't done I - a able been we've we'll avoid be So so good job far. But everything.

orders put ahead well or next have But could to time. we think I small quarter of it our the impact in a two. out begin

of six out most go least orders typically So months our would at anyways.

So it's not like we're just-in-time sort of place.

the of time, which out have scenario. actually orders to forced contract ahead in so we're helps this We put manufacturers, us

Jeff Martin

Okay.

can units for this constraint. get you year feel that any you Is that comfortable out So XX,XXX just without XX,XXX fair? - without the supply or

Steve DeMartino

relatively think I on side, FST the it's yes. low-risk

Jeff Martin

yes. Yes,

Bart Shuldman

Yes.

the Especially side, on side. Okay. yes. BOHA! on BOHA! Especially the

Jeff Martin

a certainly ROP of sounds the during balance It wish lot the is like year. interest. it see getting and Happy of luck to and that quarter you the

Bart Shuldman

Jeff. Thanks,

Operator

are There further questions at this Instructions] time. no [Operator

Bart Shuldman

all pandemic. are to that the the everybody thank conferences doing getting we through Well, at horrible and of do families this hope attending we're investor month. I your the safe call some are Okay. be today. that you going There for healthy and and end

if on to you to last So this shareholders at what our to And conferences firm I exciting your look business. please and it, on history going clearly we're thank need attending you you We to about do the find doing. thank with talk year. continuing keeping you and in IR again. conversation they'll time you up-to-date the support, with which much call what's the you ICR. you Thank was out also toughest guide our especially forward company's for very we'll during you, for help

Operator

concludes Ladies call. today's conference you that and for thank your participation. We gentlemen,

TransAct Technologies (TACT) 9 May 212021 Q1 Earnings call transcript