TransAct Technologies Incorporated (NASDAQ:TACT) Q1 2024 Earnings Call Transcript

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Jeff Bernstein: Great. Thanks.

Steve DeMartino: Jeff, did you want the terminal numbers?

Jeff Bernstein: Yes, please.

Steve DeMartino: Yes. So, we ended the quarter with 15,370. And we added 901 new terminals sold during the quarter.

Jeff Bernstein: Great. Thanks.

Steve DeMartino: You’re welcome.

Operator: Our next question comes from [indiscernible] of Creative Capital Partners. Please go ahead.

Unidentified Analyst: Good morning John. I wondered if you could provide an update on the strategic alternatives.

John Dillon: Well, we have announced we have an advisory service that’s helping us. We are in process. It’s going as it were. We don’t have anything to report at this point, but we are looking at strategy challenges and opportunities, and we are going to continue to do that. And if we come up with things that make a difference, we will be sure to basically post that stuff for our investors. But trust us that we are working it diligently.

Unidentified Analyst: Okay. And just to clarify, this encompasses M&A strategies?

John Dillon: That’s true.

Unidentified Analyst: Okay. Alright. Thank you.

Operator: Ladies and gentlemen, we have reached the end of the question-and-answer session. I will now hand over to John Dillon to closing remarks.

John Dillon: Thank you. And I want to thank you all for joining and listening. And I want to thank everyone for their support and feedback. As always, if you want to speak about anything about TransAct related, please reach out to me or Ryan in our IR department to get a call set up, happy to take the calls, happy to spend the time.

Operator: Thank you, sir. Ladies and gentlemen, that concludes today’s event. Thank you for attending and you may now disconnect your lines.

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