Exhibit 99.1


Hamden, CT – March 5, 2015 –
TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”) today reported operating results for the fourth quarter and full year period ended December 31, 2014, as summarized below:

Summary of 2014 Q4 and Full Year Results
(In millions, except per share and percentage data)

Three Months Ended December 31,
Year Ended December 31,
Net sales
  $ 12.3     $ 12.5     $ 53.1     $ 60.1
Gross profit
  $ 4.9     $ 5.0     $ 21.7     $ 25.1
Gross margin
    39.9%       39.9%       40.9%       41.7%
Operating (loss) income
  $ (1.2)     $ 1.5     $ (0.1)     $ 6.6
  $ (0.8)     $ 1.8     $ 1.3     $ 8.3
Net (loss) income
  $ (0.7)     $ 1.1     $ (0.1)     $ 4.9
Diluted (loss)earnings per share
  $ (0.08)     $ 0.13     $ (0.01)     $ 0.57
Adjusted operating income(2)
  $ 0.4     $ 0.9     $ 1.9     $ 6.2
Adjusted EBITDA(1)
  $ 0.8     $ 1.3     $ 3.8     $ 8.4
Adjusted net income(2)
  $ 0.4     $ 0.7     $ 1.3     $ 4.7
Adjusted diluted earnings per share(2)
  $ 0.05     $ 0.08     $ 0.15     $ 0.54

EBITDA is defined as net income before net interest expense, income taxes, depreciation and amortization.  A reconciliation of EBITDA to net income, the most comparable Generally Accepted Accounting Principles (“GAAP”) financial measure, can be found attached to this release.  Adjusted EBITDA is defined as net income before net interest expense, income taxes, depreciation, amortization and adjusted for share-based compensation and the impact of certain legal fees, employee termination expenses and accrued contingent consideration as described later in this release.  A reconciliation of Adjusted EBITDA to net income, the most comparable GAAP financial measure, can be found attached to this release.
Reconciliations of GAAP financial measures to corresponding non-GAAP financial measures can be found attached to this release.

Bart Shuldman, Chairman and Chief Executive Officer of TransAct, commented, “Fourth quarter results reflect the continued weakness in overall replacement unit sales for the casino and gaming industry on a global basis.  However, TransAct’s business transformation towards new, higher-value products that address large and significantly untapped market opportunities is complete and our focus in fiscal 2015 is on sales execution.  Reflecting this focus, we recently strengthened our sales and marketing efforts with the appointment of Andrew Newmark as EVP of Global Sales & Marketing, with direct oversight of the Company’s sales and marketing efforts across all of our products and services.  Andrew’s appointment adds to our already considerable pool of talent and more favorably positions TransAct in 2015 to leverage our powerful brand and product lineup to accelerate our growth across multiple industries worldwide.

“To address the ongoing challenges of the domestic casino market and the related impact to our operating results, late in fiscal 2014 we effected a significant reduction in our overall cost structure, achieving our goal of removing approximately $1 million of expenses on an annualized basis.  Importantly, we believe this cost reduction action does not impair the Company’s ability to maintain and even grow our strong worldwide market share of printer sales for the casino and gaming industry and we also remain committed to continue investing in the rollout of our newest products which offer high growth opportunities for TransAct.


The following information was filed by Transact Technologies Inc (TACT) on Thursday, March 5, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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