Hamden printer and software maker TransAct Technologies Inc. said a “difficult and challenging casino market” contributed to a decline in its second quarter sales and profits.
TransAct’s profits for the quarter totaled $175,000, or 2 cents per diluted share, down from $1.2 million, or 14 cents, in the year-ago quarter.
Sales fell across its core segments. Sales of casino and gaming printers and software dipped $1.2 million, while sales of food safety, point of sale, and banking products decreased by $706,000.
The company’s service segment saw a $376,000 revenue dip, largely due to a decline in the sale of HP inkjet cartridges.
