TransAct Technologies Incorporated (NASDAQ:TACT) Q1 2023 Results Conference Call May 9, 2023 4:30 PM ET

Company Participants

Ryan Gardella - IR

John Dillon - CEO

Steve DeMartino - President and CFO

Conference Call Participants

George Sutton - Craig-Hallum

Jeff Martin - Roth MKM

Mitchell Sacks - Grand Slam

Operator

Greetings and welcome to the TransAct Technologies First Quarter 2023 earnings conference call. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Ryan Gardella, Investor Relations. Thank you, sir. You may begin.

Ryan Gardella

Thank you, Carl. Good afternoon, and welcome to TransAct Technologies first-quarter 2023 earnings call. Today, I will be discussing the results announced in our press release issued after market close. Joining us from the company is CEO, John Dillon; and President and CFO, Steve DeMartino.

Today's call will include discussion of the company's key operating strategies, the progress on these initiatives, and the details on our first-quarter financial results. We'll then open the call to participants for questions.

As a reminder, this conference call contains statements about future events and expectations that are forward-looking in nature. Statements on this call may be deemed as forward-looking, and actual results may differ materially. For a full list of risks inherent to the business and the company, please refer to the company's SEC filings including its reports on Forms 10-K and 10-Q. TransAct undertakes no obligation to revise or update any forward-looking statements or to reflect events or circumstances that occur after the call.

Today's call and webcast may include non-GAAP financial measures within the meaning of the SEC Regulation G. When required, reconciliation of all non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP can be found in today's press release as well as on the website.

And with that, I'd like to turn the call over to John.

John Dillon

Thanks, Ryan. This is John Dillon, and it's good afternoon to all of you, and thanks for joining us today. And this is my first earnings call as Chief Executive at TransAct. And for those of you who don't know me, again, my name is John Dillon.

Before becoming the CEO here, I've been on the Board for about a decade, so I know something about the company. And you can look me up in LinkedIn, but I've been a tech individual for a long time, places like Oracle, Salesforce, Hyperion Solutions, and the like. So I feel like I can bring a fair amount of guidance and experience to the job. So I've only been here for about a month, but I want to share some of my first impressions with you and highlight some of the things that I think we're doing well and where we have some opportunity to do better.