Earnings call transcript Q4 2022

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Operator

Greeting. And welcome to the TransAct Technologies Fourth Quarter and Full Year Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would like to turn the conference over to your host, Ryan Gardella. Sir, you may begin.

Ryan Gardella

Rob. you, Thank welcome year and Technologies quarter fourth Good earnings to call. full XXXX and afternoon TransAct Today, discussing issued after we’ll press market our be closed. the results in announced release

President is Joining fourth the discussion quarter on financial on of operating year call CEO, those and key a CFO, results. company’s and the Bart will us full include Steve company our Shuldman strategies, from the initiatives Today’s DeMartino. details and progress and

questions. We will open then to call the

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

For refer Forms and inherent risks to XX-Q. XX-K company, the a company’s including list please on and SEC of reports to the full filings, business its

or a financial forward-looking reconciliation calculated call and When to meaning company measures measures be GAAP within to after TransAct in accordance with statements well events that release, non-GAAP most obligations in Today’s of the found as financial of can the Regulation or call. as financial undertakes include measures required, no update the will any circumstances today’s comparable presented press occur directly G. the SEC webcast revise all website. non-GAAP and in to reflect

the And turn that, with I’d Bart. like call to over to

Bart Shuldman

or I And XXXX. trajectory Thank the enter Clearly, pleased on be cannot us as quarter with today. you, business thank call more results, Ryan. a you to joining everyone of the for we with the fourth

much hard and been As you entire the team. tireless your always, without efforts work possible so the have TransAct these innovation. could of Thank constant not numbers for

end. key the some me into let for some dialogue Before year the provide markets, quarter I our highlights regarding two and jump

XXX% the Our with incredible prior total XX% being revenue nearly the casino from $XX a $XX year full up our and period, an for to market million. fourth quarter gaming up million was of

strong reflecting $X.X XX% recurring installed quarter, in additional software across and Our our million up the use also revenue of approximately was base. to labels FST

market by full year, which highest almost an $XX full XXXX. the grow our approximately million, XX% just increase total to full XX% to by revenue This to numbers fantastic our gaming driven XX% For year our year recurring revenue and $X.X was $X of in and since over we $XX saw revenue was the result an FST $XX increase a within guidance. for million million casino to million in million, which our approximately by was

our now discuss key markets, two and FST I more casino. will about and gaming

I sales which mentioned of FST yet and and as saw sequential quarter software quarter revenue third increase We very full sales. its sales, year quarter consists another had First, our of revenue. our earlier, label recurring over strong $X of record market. for million its in of reminder software label FSP another and straight service, third

total see out number recurring our continue to base set. to smooth term revenue As installed our and the long continues grow, in we rise will

the on world. our with working and not just of but across labeling of a international nationwide, solution, currently testing Brands we're Restaurant QSR Second, implementing parts large number

online our on second are large last the the this I In coming large half fact, we to spoke call. already is start which expecting QSR about year, of opportunity the in

and back force up as growing food the Our labor expanded market restaurant has sales face inflation costs. open seen with restaurants for us

with gone restaurant new So we've just pipeline opportunities. into fill the

replacement many which with everywhere. fresh XXXX began we became in aisle unfortunate terminal with shutting lockdowns selling and restaurant cases our before investors and expanded found many success some pandemic the in of food restaurants right event But FST that down of in fortune, good know, As grocery we our offerings. ensued, the C-stores, in the

and labeling with terminal groceries way C-stores and efficient food. for provided an our productive fresh software only BOHA! to Our sell

of The in to number I XX based investors close the of I grow convert take to can mentioned, to that work. the of restaurant almost As lead months remind technology. cloud QSR the labeling two our market, from we to them do has beginning our opportunities over convince years taken

in Third, success we the continue SMB see market. to

least Our is restaurant sales team the chains I has And first beginning. in already the closed far believe two at SMB quarter. that so just

XX,XXX let Terminals, for I'm year quarter, XXX from touch our year. of ending XXXX. end on XX,XXX, Now added and the added full the in quarter year me we Paid fourth Paid the Terminals sorry, with the In up the

sales amount this we There opportunities number of would I and pushed where end year, in XXXX the confidence see fourth quarters. in into our is quarter outlook get the thought we first results. for be pipeline. While have of certain clearly the second FST’s did a plenty below we will

We continue traction valuations great with to international a currently underway of some well-known brands. across see number

While, it our in to XXXX. believe will close opportunities the take the ability some these time in I pipeline, to execute in

streak Now gaming market, of talk historic our and success. its let's about which continues casino

business, around essentially a the the market We casino for printer race basically start expansions, growth horse on a by world. were and cycles two the what pre-COVID, gaming casino with me new and operated background openings Let replacement opportunities little sales casino driven worldwide. casino slot was

has we first now quickly our from in what heavily our However, and favor. customers conversations industry in slowly tell context, dynamic changed with at can this and

customers our slot began an in our our began to length to and quarter, the additional to parts based we at printers. share up late third to world in quarter, production on the inability ability line get last to the needed quarter with their competitors add customers manufacturers demand we build We printer. from electronics the supply market due As second around discussed pick in to

fourth casino market. to production that just on a have With quarter. We're manufacture demand to TransAct’s become printers install printers fourth began starting line then the right we gaming in line now. continuing, the the and

and sales breaking no shows and signs pace, are backlog slowing record printers our for XXXX. at We in delivery of numbers this

versus be for strong continue XXXX XXXX. clearly for such, As will bigger be to XXXX our we full casino confident sales and year feel that and gaming the

production, point way increased work shipping our hoping directly we're air finally to of an production. Additionally, with level position of inventory into from versus our printers the the

gross know the to They casino our products gaming the quarter all business, are an moment thank an margins can new our had results of is and and our been hard accomplished is have This send we cannot average parts issue and result a dedication to the enough and work a There's work typically lot TransAct. which and And R&D up gaming reminder, electronic And crazy. orders shortages ramp for in me around incredible juggle up by I been world. all them say of has of corporate keeping truly fourth this procurement meet the all the teams. you let customers demand. I financial happy. XXXX. and our a to demand they for did of our As market it only in as sales procurement casino to is engineering in huge teams experienced our the thank work at showing and production team. our above

this on FST the shareholders guidance what and sales, With to we today. growing important is I based give Please market analysts. is favorable the our feel understand guidance to gaming and casino it know some and

million. year full $XX anticipating are to and $XX We total XXXX between million currently revenues

We're quarter million assumptions cutting a adjusted result we based $X.X fully $X.X that and these are we revenue projecting. anticipating of have discussed. were million. are EBITDA which also growth cost on of the anticipating projected implemented between Both items our Additionally, the total as third are and initiatives, I in

more Steve in discuss detail. Steve? Now I'd over our financial with call results to that, the to like to turn

Steve DeMartino

Thanks Bart. And us. thanks everyone joining for

more in prior were Let's $XX.X ‘XX now period. Total for $XX our sales fourth fourth in the XX% turn quarter to results the full up compared detail. to and net million, year year quarter million

fourth ’XX, or million, up which total $XX.X to in the service $XX.X compared were net technology year food to down million sales for was Sales XX% XX% prior FST ‘XX. quarter year were market full million, the $X.X compared $X.X period. in from our million the For

in of driven year, quarter the seasonal to QX $XX.X X% sales, were XX,XXX fourth added full These We quarter, in market. units the million, fourth in hardware mostly lower in year and down at as slowness declines paid compared the For were sales terminals ‘XX. result a XXX the FST million $XX.X by ‘XX. entirely ended

includes sales sales and software in quarter consumable prior year the million, FST $X.X for up were service subscriptions, which label the XX% as period. $X.X million well as fourth recurring Our to compared

the full the million, for For sales recurring were year full up $X.X FST $X.X to year, XX% million ‘XX. compared

fourth Our fourth was quarter ARPU $XXX compared of down ‘XX the quarter in ‘XX. XX% for the to $XXX of

recurring for market, software these and terminals additional mentioned terminals before, BOHA! the additional base, of result printing generating we fertile in are As which not growing sell our currently ground good additional news in revenue. hunt the Bart is downward labels a But giving apps the us population the ARPU to eventually BOHA! in is customers. to of are business has installed any pressure

XXX% Our casino gaming pick up of and and our saw continue ‘XX quarter quarter across up strength the a sales the XX% year-over-year, of the reached and sequentially international domestic ‘XX. as products quarterly fourth our board $XX casino million, from of up up XXX% gaming We sales XXX% year-over-year. sales with record third our and up from market to share

leading $X printer spoke to orders supplier gaming their result Ithaca casino being QSR This the project deliver new again production, result as us supply expected. competitors than than from well POS to, allowing to key to increased a for TransAct. increasing million. to unable market more to competitive doubled, slightly for with product, product the service able POS year once were sales of our customers up were a than This special higher a of and more as a large a with year, quarter, to inability due sales ramping for combined this automation we quarter fulfill prior million. Bart fourth a was that sooner the our For was X,XXX to $XX sales with full XX% dynamics XXX% share including

automation sequentially decreased up this the special end. year expected, were year the project shipments for million, of sales an to as $XX.X However, sales full full ‘XX. from POS printers as came XXX% for

or TransAct to TSG. Group Services Moving

the were spare to year-over-year For sales decrease sales of TSG parts $XXX,XXX. was accessories. XX% This to down due slower quarter, largely and fourth

For the from ‘XX. TSG full million year $X.X full XX% were ’XX, the year down sales

expect TSG need to for parts due this to in chain the keep demand. revenue in to we their constraints, ‘XX supply certain we due However, spare working supply printers longer grow new customers as to markets by

Moving down the statement. income

gross increases prior and help compared we offset gross XX.X% product quarter. favorable instituted year inflationary mix year sales year ‘XX. to gains result in the compared as XX.X% These full quarter were Full in as effects. fourth in to was price change ‘XX the margin XX% XX.X% was Our margin during of a to

for million. Our the operating expenses XX% increased $X.X to fourth quarter

the from engineering XX% full year this expenses the up bit quarter full For ’XX, $XX.X operating for further, expenses were little and million. our to a ‘XX. increased year X% R&D fourth Breaking million, down $X.X the

year to and ’XX, to these out related as due XX% throughout increase For year. unavailable The parts new largely the million. $X.X was to increased full the arose parts higher issues designing expenses expenses qualifying

expenses and million, million X% return And sales Our due basis, for and team. of increased our year, to spending, higher sales gaming $X.X were and expenses sales marketing which pre-COVID our group FST largely year-over-year selling the was the well full out up as commissions selling to build fourth $XX.X as the to the to and of marketing levels casino for on quarter. XX%

G&A $X Lastly, XX% increased the million fourth to expenses our for quarter.

implemented which our G&A compared to The and year ‘XX, we were year $XXX,XXX board that support ’XX, expenses largely were company's ERP ‘XX. across loss full new of and year million up in due the to during million, to XX% system were generated full of the the prior income $X.X ‘XX. higher from $XX.X increases, salary QX, operating an depreciation We in operating period. expenses the increases the For

For year, loss compared operating $X.X to our loss an was in of ‘XX. million, the $X.X million operating full

or to a in net net ago diluted line, Now per year $X.XX of $XXX,XXX, share of loss the bottom income $XXX,XXX period. diluted we a compared the per record share, or $X.XX

net a of loss million net $X.XX had share, share to of a For a per million period. ago the or as in year compared full $X.XX per we $X.X loss year, diluted diluted or $X

to $X.X $X.X Our adjusted adjusted year, ‘XX. for $X.X loss the loss a just EBITDA quarter from And million full million, fourth the in of our EBITDA the quarter of improved to loss was EBITDA $X.X to compared million compared million ‘XX. for

XXXX, we to million million, TransAct. EBITDA As Bart adjusted looking between a mentioned, great total would to $X.X which $X.X generate and turnaround expect be of for

Bart? to And with like closing the that, for remarks. any turn call I'd to over Bart

Bart Shuldman

ride mention a for attending are last a be the Thank a But an to It's to exciting you, coming. conference hell up in questions. one we should do that's the I'll months. me. meet on want XXXX and and that and I Steve. over operator, to Monday here Sunday California Monday ROTH that I just been to of will XX with XX Tuesday with and available coming Southern want one and join turn call night, come you the With

Operator

[Operator Instructions]

comes from Martin ROTH question MKM. First Jeff with

Jeff Martin

and hope afternoon, Wanted insights guidance Steve, to Bart start for with model estimate Good the out both well. above Thanks. doing about as you're well my XXXX. some

significant are So And significant to towards in of between you've obviously, that at more like curious with then which give ramp material, how sales is level you that kind XXXX see gaming, great breaks EBITDA it FST, FST install. profitability the high you casino got out your sounds could looking there. terminal if win and

that reading am So I right?

Bart Shuldman

question, clearly, see end the we'll see good that we as used gaming is to markets being we'll over basis certain thank Jeff and the we and then way wonderful We'll macro TSG sales sales. special course of you, spare at and on both is that expect weekend. project and and be casino asked And look year parts, over. hope because Yes, which up. at is is we're see The supply serve, to margins. only lower do sales FST at a your in this POS we higher well interesting It to

the running. we're getting paying I line fourth as now Regarding think casino it leveling for eventually pretty will to trying and And now we which to the production freight. that and we're printers and sea meet And so they're air up air right clearly, is the factory start some up stocking good our ship to by printers, can customers still gaming, demand. help

POS want a saw to in start. Thanksgiving first restaurants we and in our most In fourth quarter, were quarter fourth are because get seeing the had, lowest we FST better our holiday orders the we not business, When comes business new the than quarter always was out. the once install some we technology pushed do business,

and and that that'll the everything in we rolling we third that, quarter. quarter, that if revenue should definitely goes up sales have start to incremental then right, should a and fourth where a see our recurring seasonality won quarter lot are with the C-stores. some We do won We've of a in lot to are cycle pick aisle mid, we and the restaurants that And clearly of third in of next of starting the we'll we've now the in begin will the up year. business expecting through to grocery But testing restaurants large start other both that just sales all FST. projects mid end XXXX, both technology, And QSR timing. software. our growth But effect that which of an out and start for have in middle hardware we our on include are terminals out. towards the will in expect beginning one rolling the will pick And

‘XX versus up. should ’XX So be

Jeff Martin

helpful. you Okay, of on, What a could customer? on and large your some continue with visibility be ran working think there be distraction, we is to large give color have, is How QSR they would I the update an then going? into you any rollout issues kind a integration that were us

Bart Shuldman

what – we are we any was that don't not QSR get But launch we trying The distraction. that working see I'm to sure on, are about. large

Jeff Martin

Large QSR. large C-stores not

Bart Shuldman

back. I'm business Oh, Yes, come are we large sorry, started Jeff. C-stores, seeing

come It's Jeff. we all them. some stops of So But that. starts them to have kind and with six seen in, we're staying with new to and a been months orders funky close eight

So that for continuing well rollout. bodes

we will some So hopefully But in continues. come first the have quarter. that seen orders we

Jeff Martin

wood. then Okay, you in thus great. challenges QX component largely behind in on And But additional you those terms like or curious are issues in far of apply? had QX? if Sounds any knock are

Bart Shuldman

recall drivers, to part get is able the motor things that The tough difficult. really the you which and will do, were like issues, really processors we've been of course, whack-a-mole, through thing to that

of spot the we issues other parts. see some on Now

one become fourth customer have of in of because suppliers, major a the We line. production our putting of

now we're them pay attention more feel important we to to So us. to

stay close to very it. So we

understand, two daily days literally a something in week, seven we the morning, to it If we You used can meet start. o'clock was XXxX. to meetings, used would calls have hit the

Now we're ramp down to it. feel to up good once a week and just production. trying We about

the We to to every we have I said, production. like And trying meeting are week, I said we follow inventory an position get a now. like

in. So that little confidence parts in it gives the coming us are a

Operator

question is Our Sutton Craig-Hallum. with from next George

George Sutton

the good congrats Thank results. on Bart you. And

an were to with referring rollout I'm your you to just curious referring to relative were logo what this later to same you So expected to are brands. referring if domestic as opportunity QSR logos, you respect year? with international the new

Bart Shuldman

yes. Oh,

So every customers big is ours of are so global. are customer global, our QSR our QSR that work, big

domestically with our that then the So and world markets they certain whole across we in work but in products. them accepted not both

global are So again, QSR. these

George Sutton

to supply competitor, hearing can of market casino Relative you're to us you the what issues in chain relative update issues? their the at printer your any give

Bart Shuldman

I analysts I remember printers X,XXX right. your, loves picture a report tells your

about was that in blooming of think after time. a perfect got come was a report. XXXX and very, -- XXXX. -- the flower. with and to kind casino market closed, that's but don't never almost is fabulous. What's it's I It casinos want closed what way difficult a very demand I it's in Remember, storm We've our talk a back they grappling we're competitor. Look, a your perfect

us. we're But the just basically back, is crowded, printer Vegas very at I machines, buying supplier. they're still the week, only got for they're crowded, back the, very time, from same last it's great So which slot

sales they inside that a product, sales with machine to get that sales when we fourth it team, my grappling we in can't slot the we manufacturers out both get did sold was who had and they great angry were and are found trying products came when had out And their to they not out us. manage shout their challenge. But I we are also quarter. outside you Clearly, to grow business do expectations. happy. So to

to kept team a a worldwide expectations, my that sales Tracy was what we manage customers’ team, us. the give and during running I for they inside shout So them sprint happy out gaming my

to work across kind, and shortages chip. And chip do world do real, I'll and parts These done And one the that same the them. you shout they're in shout term of this they particular, that production that able all them still deciding a the all we to to the if to thank our in by would this are said know the up to I suppliers, If way did. our of to out platforms. chip respond we out software product lines. in They sprint would across said, a get and my all give us ramp use our there. on with that, make be worked out okay, engineers I

bad we our the news news because and understand was And to continues. supply the got to the close those now printers right expectations effort. we but relationships to customers’ we to we just stay have is we've as is see And of the we've we demand So it, those stay printers marketplace. have And it maintain from top got got what good great to a got on we've it. the to printers,

George Sutton

Understand.

if could versus curious for of prices. raised break I'm guide full is? given you look year just volume that much I'm price QX then you've and Steve, a how things, us down at and into wondering price the of One it ‘XX component the

Steve DeMartino

each much of revenue mean, the George? go up You how of did those, because

George Sutton

Correct.

Steve DeMartino

break as it specifically combination, It of going was to two, really But not was. the well. a out contributed was what combination a price obviously volume but up is it we're also

Bart Shuldman

in price XXXX, haven't it's the XXXX, all raised volume, increase, In XXXX. price we in

September the of So through we volume, price XXXX. all increase last it's put was pricing,

be be up, there'll is of So costs up. mean, first of also the pricing XXXX are will I our the compared growth but quarter to

up of So Our right? and operating at because you are wage can't inflation all just costs that. look that,

I George. So it's mean, really volume is up. the volume,

George Sutton

Got it.

Steve DeMartino

to the effect though Bart the price because Some too year but the full due of price increases, is of right.

George Sutton

Year-over-year.

Steve DeMartino

are our year operating raise give But us. have for you good to that that a keep going increase expenses to are We employees so expenses you up, hell an have up. it's be of volume a also a

Operator

Asset is Our GS Sacks next question Mitchell with from Management.

Mitchell Sacks

on Guys, super QX. a congrats

this into talk guidance you COVID give from year the seen and about guys following suffered bit while. a such first very give this it's a a So now the confidence to a have as is and obviously obviously I've profitable nicely been guidance little a stance. why turnaround you you you nice just during time that and you business Can

you If could great. be do that'd

Bart Shuldman

we level to what the taking something all Mitch, is at when say now business. And off, could we it bomb a steady that know and in casino Yes, SSP. we but looked China to and numbers we can go with June again projects another they're now very do change have these right see

from that fact shareholders been for given We of So you of deserved what's What we this good to just we the things that as change. and the seeing years, them, how the felt couple things from due and came good And hit, through not without, occurred us. had we've we've were hear not news. companies. to other we support right where us, change. sharing these such but past that over that that can the can some with has watch again, come now, from, saw to a difficult pandemic difficult about But we period felt

made and year. could see of a that we've you So we're lot progress progress, more at expecting even this least

Mitchell Sacks

in the mover kind restaurant you any anything that and you pause competitors from first any of what's of to there. respect there FST we've Awesome. And show terms out your then seeing with out business, the Are to advantage? seeing been give

Bart Shuldman

asking company, is inflation, and show a are food and they and right, labor, talk what think labeling, I fruit and labor inflation then restaurant sell to the it X,XXX you've resonates them, got and resonating. company, when can had, hanging and labor old it already a we what shortages them And to now verticals, and we'll them our what system, about with look, the change whole fighting and when either can or the low it's No, not in. doing the you're you do you look labeling, to save with thing. you them Mitch, just saying, restaurant them. different can you're do, you're That's you at talk by you've really talk And you hand, it here's this

So in the restaurant something see industry up. the serve some talk fact of labor better they can either make see not that and savings, that's label and or is and something can expired, stuff the that the expiring

them So - food save out. we and throw if huge. And they it on waste, can it's their don't X% lose X%

we're which we're think we is really in have strongest, what them. the and we focusing on where labor, always So

see like brown designs market Now and customers that. C-store different And color become labels can and is to lot food interesting that a about fresh our C-store of And market interesting stores. that grocery we're is and on starting the the a aisle are working market, label them with all very the like and marketing there individual labeling. things C-store is of are And the XX% labels device. thing and

do right? when attention. the labeling Clearly, We that people that. looking solution can and the a started with of all started over included XX%- things food are fact XX%. we fresh different the what's been in catching because longest just way at orders the else all big you're looking with just to their it things looking a do we've do our But rolling and And right? And at and the There growth. So our that with that really McDonald's, nobody the working that is that start most X,XXX it. learned efficient, XXXX labeling top that, as does, in the years. industry, lot on labeling, at productive we've about they they're out, experience

story. So get help stop talk today, the are huge where They're their you about it. really them restaurant market, is we and when to at their we on temperature focusing trying costs. and look we Get how in are, can taking costs talking what to to

two hey, can show that But so that want if expire. Maybe throw that you thing's says, some with have label tomato more to cook sauce, you out. in days, the clear going you to them to something a don't

So told their also food costs. from company we're we've on me saving labor, them on heard they one And food money personally, that gone that restaurant has much both quality restaurants, even think how but up.

trying and focus, I So look, they with sell man, they look say, sit and we this all still we we're inflation down you're labeling got have the where got are, but really and tough of It they software doing a you sell on you can out labor can the the and you We can share with They them. resonates today, for you it's can came restaurants shortages, food, pandemic, to for Because sell. can look, terminal this and just what headwinds, the we they Mitch, got really up when do you. that. And not expensive. that wazoo.

we're focus. So that's taking really where the

Operator

from Our ROTH question is with next MKM. Martin Jeff

Jeff Martin

market you ask QX would wanted demand $X your and casino at market capacity million always share, you've thought capacity I XXX% I And that mean you $XX that terms share gaming. was near in about Bart. the look of at suggest quarterly to of got on I revenue. you're service. in to now. Thanks, pent-up business top in your is million of

still you remains? two, Or do of kind anticipate town competitor do XXXX? pent-up for do guess assume you're competitor of I much guidance, that one or your that in within your you the assume how you the demand is game question number comes So market? your only the Number balance back into

Bart Shuldman

our we're with to So to all our a keep doing of because fair what's on production. listen what's ramped to up to and going our amount ears competitor, important have the ground we for us, travel

backlog to is We are it's most to that because them up hard really people a our of going assume not to I are we're high. assuming coming share maintain do mean, down production. going walking it's market our back. imagine we come little that But the through XXXX,

and why had answers So have we've that that we give some question, you guidance, never we the visibility okay, before. because can have, some

had Our we would and casino ship, they're time. customers buy now inventory. always orders And months we would ahead replacing of

the good. have and we half this demand. it feel do down the project to still a we some sales little comes EBITDA are in numbers that that So visibility second and But

fourth the With the our at casino consider the we today. demand third what product demand because that shortage meet of look of was we huge be in was the jobs, fourth quarter. put in capacity in fourth line quarter. shortage this history to product know the the the can that there There shortage, We quarter, the there do pent-up we business, was a of

were that we that And it the the continue. But pretty So production up right do now that should to of demand. able much meet are line we it's we fourth running. demand seeing said think up getting some shortage. Like and make I

that to that want believe at Because we're to charge line put ocean if we do demand, on least let demand fourth that well, capacity. airfreight. be stocking which will to have we have demand. should And to a the to don't more customers are our meet printers us position. get to We expecting, eventually there using And not there's continued some

So we increasing demand. the are

them. our inventory out come airfreighting ocean and tiny because to our versus of the start to service You'll some put see bit to up on a product inventory them want we

Operator

period. would question-and-answer closing to for I the the now like call Bart end Shuldman We've reached of comments. turn the over the

Bart Shuldman

on only our was disruption explain this me that employees, have business. success you talked and people you I success we you going And XXXX tough really our with to appreciate the everybody thank it know I was shutdown. Look, then it. had amazing that. just was asking tough had cool our and tough I've our any And the that without that on launched I'd an And in It like some year. to support tough. lot when time has a about experienced drive on I And of to was can do everything share technology, And be what really for shareholders. us. shareholders, we gave thankful on return some in shareholders. to to can

forward I'm given And that on conference to don't let's for myself ROTH be these in sit hope one to Tuesday. and we that Monday one. us making to and going the numbers available are the I the happy go to you. look down first those we've Capital both any see to year one do drive

is getting But to is to also our think I be want to Monday or a getting filled beer just you up. up, on in really in. never thank to who happy are also cannot fit Thank continuing next for me more. for all thank Tuesday and up journey. us people good fill I forward came And something. I so you But filled shareholders. you. very call these have of do and gave our to And this We thank you through our employees I'd conference look much.

Operator

This concludes today's conference.

You may thank disconnect time. at your And we for lines this you participation. your

TransAct Technologies (TACT) 8 Mar 232022 Q4 Earnings call transcript