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Bumpy Quarter for TransAct
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Business New Haven
11/12/2001
By: BNH
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WALLINGFORD - TransAct Technologies Inc. (NASDAQ: TACT), a producer of transaction-based printers, reported results for its third quarter ended September 30. Net sales were $13.2 million, compared with $14.6 million for the same quarter a year ago. Including $571,000 of pre-tax charges associated with the company's plant consolidation and restructuring, net loss for the third quarter was $162,000, or five cents per share, compared with net income of $290,000 (four cents per share) in the year-ago period.
For the nine-month period ended September 30, net sales were $33.8 million, compared with $39.6 million in the comparable year-ago period. Including $2.3 million of pre-tax charges related to the aforementioned plant consolidation and restructuring, net loss for the nine-month period was $3.1 million (61 cents per share), compared to a net loss of $196,000 (eight cents per share) a year ago.
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