How did TACT's revenue and expenses shift in Q4 2024?

Transact Technologies (TACT) experienced a significant decline in net income, operating expenses, and revenue in Q4 2024 compared to the previous quarter, indicating a challenging period for the company:

1. **Revenue Shift**:
- TACT's revenue decreased to $20.35 million in Q4 2024, down from the previous quarter's revenue of $25.61 million. This represents a decrease of approximately 20.6%.
- The company's revenue was distributed across various segments, with the most notable being Casino and Gaming, Food Safety, POS Automation and Banking, and Restaurant Solutions.
2. **Net Income Decline**:
- TACT reported a net loss of $7.96 million in Q4 2024, which is a substantial decrease from the net income of $1.74 million in the previous quarter. This indicates a sharp deterioration in profitability.
3. **Operating Expenses**:
- The operating expenses for Q4 2024 are not provided, which makes it difficult to analyze the company's cost management during this period.
4. **Segment Performance**:
- Within the revenue segments, Casino and Gaming contributed the most, followed by Food Safety, POS Automation and Banking, and Restaurant Solutions.
- The decline in revenue across segments suggests a broader economic challenge affecting the entire business.

In conclusion, TACT faced a tough quarter with a substantial drop in revenue and a significant negative net income. The company's performance across different segments was impacted, pointing to potential sector-wide challenges. The absence of operating expense data makes it challenging to fully assess cost management efforts, but the overall financial health of the company appears strained in Q4 2024.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|TACT|TACT.O|Transact|20240101-2024|TransAct Services Group|3574000|185|
|TACT|TACT.O|Transact|20240101-2024|TransAct Services Group|2815000|185|
|TACT|TACT.O|Transact|20240101-2024|TransAct Services Group|1951000|185|
|TACT|TACT.O|Transact|20240101-2024|TransAct Services Group|1040000|185|
|TACT|TACT.O|Transact|20240101-2024|Food Safety, POS Automation and bBanking|3951000|185|
|TACT|TACT.O|Transact|20240101-2024|Casino and Gaming|5696000|185|
|TACT|TACT.O|Transact|20240101-2024|TransAct Services Group|1040000|185|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|TACT|TACT.O|Transact|2024 Q1|-133.0041414463205|-1036000|185|
|TACT|TACT.O|Transact|2024 Q2|-141.69934640522877|-319000|185|
|TACT|TACT.O|Transact|2024 Q3|-160.81677704194263|-551000|185|
|TACT|TACT.O|Transact|2024 Q4|-12733.870967741936|-7957000|185|