TRANSACT TECHNOLOGIES INC
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
TACT$4.80-5.6%Stored close · as of Nov 10, 2026
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Item 1. Condensed Consolidated Balance Sheets
ONDENSED CONSOLIDATED BALANCE SHEETS
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets: · (In thousands, except share data) | ||
| Current assets: | ||
| Cash and cash equivalents | $11,343 | $12,321 |
| Accounts receivable, net of allowance for expected credit losses of $662 and $768 | 7,421 | 9,824 |
| Inventories | 16,851 | 17,759 |
| Prepaid income taxes | 713 | 322 |
| Other current assets | 1,079 | 773 |
| Total current assets | 37,407 | 40,999 |
| Fixed assets, net of accumulated depreciation of $19,305 and $18,646 | 1,986 | 2,421 |
| Right-of-use assets, net | 1,380 | 1,602 |
| Goodwill | 2,621 | 2,621 |
| Deferred tax assets | 7,034 | 6,304 |
| Intangible assets, net of accumulated amortization of $1,606 and $1,518 | – | 88 |
| Other assets | 75 | 163 |
| 13,096 | 13,199 | |
| Total assets | $50,503 | $54,198 |
| Liabilities and Shareholders’ Equity: | ||
| Current liabilities: | ||
| Revolving loan payable | $2,250 | $2,250 |
| Accounts payable | 3,210 | 4,431 |
| Accrued liabilities | 3,883 | 4,947 |
| Lease liabilities | 983 | 929 |
| Deferred revenue | 926 | 1,079 |
| Total current liabilities | 11,252 | 13,636 |
| Deferred revenue, net of current portion | 240 | 209 |
| Lease liabilities, net of current portion | 438 | 720 |
| Other liabilities | 219 | 219 |
| 897 | 1,148 | |
| Total liabilities | 12,149 | 14,784 |
| Commitments and contingencies (see Notes 5 and 7) | ||
| Shareholders’ equity: | ||
| Common stock, $0.01 par value, 20,000,000 shares authorized; 14,055,199 and 14,003,653 shares issued, respectively; 10,010,357 and 9,958,811 shares outstanding, respectively | 141 | 140 |
| Additional paid-in capital | 57,857 | 57,055 |
| Retained earnings | 12,472 | 14,378 |
| Accumulated other comprehensive loss, net of tax | (6) | (49) |
| Treasury stock, at cost (4,044,842 shares) | (32,110) | (32,110) |
| Total shareholders’ equity | 38,354 | 39,414 |
| Total liabilities and shareholders’ equity | $50,503 | $54,198 |
Index
CONDE NSED CONSOLIDATED STATEMENTS OF
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