TransAct Technologies Incorporated (NASDAQ:TACT) Q3 2024 Earnings Conference Call November 7, 2024 4:30 AM ET

Company Participants

Ryan Gardella - Investor Relations
John Dillon - Chief Executive Officer
Steve DeMartino - President and Chief Financial Officer

Conference Call Participants

Logan Lillehaug - Craig-Hallum
Tyler Nguyen - ROTH Capital Partners

Operator

Greetings, and welcome to the TransAct Technologies' Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [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. You may begin.

Ryan Gardella

Thanks. Good afternoon, and welcome to the TransAct Technologies' Third Quarter 2024 Earnings Call. Today, we'll be discussing the results announced in the 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 a discussion of the Company's key operating strategies, the progress on those initiatives, and details on our third quarter financial results. We will then open the call to participants for questions. As a reminder, this conference call contains statements about future events and expectations, which 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 to reflect events or circumstances that occur after the call. Today's call and webcast will include non-GAAP financial measures within the meaning of SEC Regulation G. When required, reconciliation of all non-GAAP financial measures to the most directly comparable financial figures calculated and presented in accordance with GAAP can be found in today's press release as well as on the company's website.

And with that, I'll turn it over to John.

John Dillon

Thanks, Ryan, and good afternoon, everyone, and thank you all for joining us today. Total sales for the quarter were $10.9 million. We had excellent progress in the FST foodservice technology space, was highlighted by 1,355 units sold, meaning that in the last two quarters, the last six months, given that last quarter, we sold about 1,476 units.

Last six months, we've sold 2,800 units, and we're feeling pretty good about that. We're proud of the sales progress we've made with the team, and we expect this approximate level of quarterly terminal placements to continue as we head into 2025. So that's some pretty good news. But let's walk through some of the other FST highlights.