Boston, MA 03/07/2014 (wallstreetpr) –TransAct Technologies Incorporated (NASDAQ:TACT) is a good business. Period. You can debate about this position from east to west and north to south, but it is the position that is supported by the management of this technology company, narrow fourth quarter profits notwithstanding.

You know a good business by how it impacts your pockets quarter after quarter or year after year when reports come. But regardless of a quarter that showed profits declined, ostensibly on lower sales, the management of TransAct Technologies Incorporated (NASDAQ:TACT) insists that there is no cause for alarm, in other words all is well.

But is there support for this management position? Yes, there is and more about that in just a while, for now, let’s take a recap of the latest earnings report. But even as we revisit the earnings board, take notice the stock is already own more than 14 percent in early Friday.

Fourth quarter performance

TransAct Technologies Incorporated (NASDAQ:TACT) announced that its undoing in the most recent quarter reported was the lackluster sales in its lottery business. But generally, sales were lower than had been anticipated. And on that note, fourth quarter profit was down 42 percent.

The company realized profit of $1.1 million, reflecting 13 cents earnings per diluted share. The latest numbers were down from $1.9 million or 21 cents in the same quarter of 2012. Revenue came in at $12.5 million in the fourth quarter, falling short of $19.6 million generated a year ago by 36 cents.

In full-year 2013, profit was up at $4.9 million, translating to 57 cents per share. That compared with $3.6 million or 40 cents per share in 2012. Note that full-year profit was able to hold up despite the decline of 12 percent in revenue for the year. So then, here is another interesting bit. That the management was able to keep profit up in 2013 by lowering operating expenses and costs.

Is the management justified?

The results most recently issued by TransAct Technologies Incorporated (NASDAQ:TACT) were mixed. Fourth quarter profit was down strong double digit and full-year profit held up. You can give thumps up to the management for prevailing on expenses and costs because without that, things would have been different.

Also, the management claims it has done much more in 2013. The company’s president and chief financial officer Steve DeMartino said that the company is not only supporting its growth objective, but has rewarded shareholders as required. The company repurchased shares and paid out dividend throughout 2013, and since 2012, TransAct Technologies Incorporated (NASDAQ:TACT) has returned roughly $14 million to its shareholders. Now you have the point.