TRANSACT TECHNOLOGIES INC
For the period ended Dec 31, 2023. Filed Mar 13, 2024.
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FY2023 · Filed Mar 13, 2024
TACT$4.80-5.6%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $4,748 | $(5,936) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Share-based compensation expense | 860 | 1,155 |
| Depreciation and amortization | 1,489 | 1,332 |
| Deferred income tax benefit | 1,020 | (2,141) |
| Loss on the disposal of fixed assets | – | 2 |
| Foreign currency transaction losses | (30) | 6 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 4,248 | (6,421) |
| Employee retention credit receivable | 1,500 | – |
| Inventories | (5,658) | (4,378) |
| Prepaid income taxes | (322) | 137 |
| Other current and long-term assets | (10) | 167 |
| Accounts payable | (2,988) | 3,103 |
| Accrued liabilities and other liabilities | 650 | 754 |
| Net cash provided by (used in) operating activities | 5,507 | (12,220) |
| Cash flows from investing activities: | ||
| Capital expenditures | (901) | (1,299) |
| Net cash used in investing activities | (901) | (1,299) |
| Cash flows from financing activities: | ||
| Proceeds from bank borrowings | – | 2,250 |
| Withholding taxes paid on stock issuance | (87) | (119) |
| Payment of bank financing costs | – | (69) |
| Net cash (used in) provided by financing activities | (87) | 2,062 |
| Effect of exchange rate changes on cash and cash equivalents | (144) | (54) |
| Increase (decrease) in cash and cash equivalents | 4,375 | (11,511) |
| Cash and cash equivalents, beginning of period | 7,946 | 19,457 |
| Cash and cash equivalents, end of period | $12,321 | $7,946 |
| Supplemental cash flow information: | ||
| Interest paid | $268 | $129 |
| Income taxes paid | 160 | 62 |
| Non-cash capital expenditures | 23 | 54 |
Index
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