Cantaloupe Inc. (CTLP) dropped 1.3% after a report on the Federal Trade Commission's review of its planned sale to 365 Retail Markets. The deal has drawn third party complaints about interoperability and bundling, according to traders, who cited a Capitol Forum report ...

Cantaloupe (NasdaqGS:CTLP) FY 2025 Annual General Meeting November 19, 2025 11:00 AM ET Company ParticipantsRavi Venkatesan - CEOOperatorToday, and welcome to the Cantaloupe Inc's 2026 Annual Meeting of Shareholders. I would now like to turn the conference over to Ravi Venkatesan, Chief Executive Officer. Please go ahead.Ravi VenkatesanThank you. Good morning, Ladies and Gentlemen. Welcome to Cantaloupe's 2026 Annual Meeting of Shareholders. I'm Ravi Venkatesan, Cantaloupe's Chief Executive Officer, a membe ...

Cantaloupe (NasdaqGS:CTLP) FY 2025 Annual General Meeting November 19, 2025 11:00 AM ET Company ParticipantsRavi Venkatesan - CEOOperatorToday, and welcome to the Cantaloupe 2026 Annual Meeting of Shareholders. I would now like to turn the conference over to Ravi Venkatesan, Chief Executive Officer. Please go ahead.Ravi VenkatesanThank you. Good morning, ladies and gentlemen. Welcome to Cantaloupe's 2026 Annual Meeting of Shareholders. I'm Ravi Venkatesan, Cantaloupe's Chief Executive Officer, a member of t ...

Financial Data and Key Metrics Changes - The company reported that as of the record date, there were 73,391,758 shares of common stock and 385,282 shares of Series A convertible preferred stock entitled to vote, with 73.6% of the company's voting power represented at the meeting [5][9]. Business Line Data and Key Metrics Changes - No specific data on business lines or key metrics changes were provided in the meeting. Market Data and Key Metrics Changes - No specific market data or key metrics changes were discussed during the meeting. Company Strategy and Development Direction and Industry Competition - The company is focused on the election of nine nominees to serve as directors until the 2027 Annual Meeting, indicating a stable governance structure [6]. Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the progress the company has made and appreciated the continued support from shareholders, indicating a positive outlook for the future [10]. Other Important Information - The appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2026 was ratified, and the compensation of the company's named executive officers was approved [9][10]. Q&A Session All Questions and Answers Question: Were there any questions from shareholders? - There were no questions from shareholders during the meeting [9].

Core Insights - Cantaloupe (CTLP) reported revenue of $80.85 million for the quarter ended September 2025, marking a year-over-year increase of 14.1% and an EPS of $0.06 compared to $0.04 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $81.64 million, resulting in a surprise of -0.96%, while the EPS surprise was -25% against a consensus estimate of $0.08 [1] Revenue Breakdown - Transaction fees generated $48.06 million, which was below the estimated $50.79 million, reflecting a year-over-year increase of 10.2% [4] - Equipment sales reached $10.53 million, exceeding the estimated $7.99 million, representing a significant year-over-year increase of 49.5% [4] - Subscription and transaction fees totaled $70.33 million, compared to the average estimate of $73.45 million, with a year-over-year change of 10.2% [4] - Subscription fees amounted to $22.27 million, slightly below the estimated $22.82 million, showing a year-over-year increase of 10.3% [4] Stock Performance - Cantaloupe's shares have returned -0.3% over the past month, contrasting with the Zacks S&P 500 composite's increase of +4.4% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Financial Performance - Total revenues for the three months ended September 30, 2025, were $80,853,000, representing a 14.3% increase from $70,836,000 in the same period of 2024[80]. - Transaction fees increased to $48,060,000 in Q3 2025, up from $43,604,000 in Q3 2024, reflecting an increase of 10.1%[80]. - Subscription fees rose to $22,265,000 in Q3 2025, compared to $20,188,000 in Q3 2024, marking a growth of 10.3%[80]. - Segment net loss for the same period was $(919,000), a significant decline from a net income of $3,572,000 in 2024[103]. - Revenue for the three months ended September 30, 2025, was $80,853,000, an increase of 14.3% compared to $70,836,000 in 2024[103]. Accounts Receivable and Allowance for Credit Losses - Accounts receivable net of the allowance for uncollectible accounts increased to $41.9 million as of September 30, 2025, from $37.9 million as of June 30, 2025, representing a growth of 5.3%[40]. - The allowance for credit losses at the end of the quarter was $14.179 million, up from $13.646 million at the end of the previous quarter, indicating an increase of 3.9%[41]. - The provision for expected losses for finance receivables was $(167,000) for the three months ended September 30, 2025, compared to $391,000 for the same period in 2024, indicating a significant reduction in provisions[44]. Debt and Financing - The Company’s total debt and other financing arrangements decreased to $38.289 million as of September 30, 2025, from $38.663 million as of June 30, 2025, a decline of 1.0%[50]. - The total outstanding debt as of September 30, 2025, is $38.289 million, with principal amounts payable totaling $38.605 million[63]. - The 2025 Credit Facility includes a $40 million secured term loan facility and a $30 million secured revolving credit facility, aimed at financing working capital needs and general corporate purposes[52]. - The weighted average interest rate for the 2025 Credit Facility is approximately 7.13% as of September 30, 2025[55]. - Interest on the 2025 Credit Facility is based on a base rate or SOFR, with margins ranging from 1.75% to 3.50% depending on the loan type[159]. Acquisitions - The Company acquired SB Software for approximately $11.4 million, enhancing operational capabilities in Europe[69]. - The Company acquired Cheq for $4.5 million, positioning itself for expansion into the sports and entertainment sectors[75]. - Goodwill of $7.8 million from the SB Software acquisition reflects expected synergies[73]. - Goodwill from the acquisition amounted to $2.0 million, reflecting expected synergies between Cheq and the Company[78]. - The Company recognized a $0.8 million loss due to the increase in the fair value of contingent consideration related to SB Software[70]. Revenue Recognition and Deferred Revenue - Deferred revenue at the end of Q3 2025 was $3,975,000, significantly higher than $1,471,000 at the end of Q3 2024, indicating a growth of 170.5%[84]. - Future performance obligations estimated to be recognized in revenue total $6,310,000 as of September 30, 2025[85]. Expenses - Total accrued expenses increased to $22.480 million as of September 30, 2025, compared to $19.748 million as of June 30, 2025[64]. - Other general and administrative expenses include marketing, bad debt expense, and various selling expenses, totaling $(2,867,000) for the period[103]. - Professional services expenses increased significantly to $(9,044,000) in 2025 from $(3,125,000) in 2024[103]. - Depreciation and amortization expenses rose to $(3,795,000) in 2025, compared to $(2,672,000) in 2024[103]. Compliance and Accounting Standards - The Company was in compliance with its financial covenants for the 2025 Credit Facility as of September 30, 2025[58]. - The Company performed an annual goodwill impairment test and did not recognize any impairment charges during the three months ended September 30, 2025[67]. - The Company is currently assessing the impact of new accounting standards on its consolidated financial statements and disclosures, including ASU 2023-09 and ASU 2024-03, which will affect future reporting periods[36][37]. Cash Management - The company invests excess cash in money market funds, which are highly liquid and marketable, earning a floating rate of interest[160]. - There are no freestanding derivative instruments held by the company as of September 30, 2025[161].

Group 1 - Equinox Gold (EQX) is involved in the acquisition, exploration, and development of mineral deposits, with a Zacks Consensus Estimate for its current year earnings revised downward by approximately 26.5% over the last 60 days [1] - Cantaloupe (CTLP) is a software and payments company providing end-to-end technology solutions for the unattended retail market, with its current year earnings estimate revised downward by 6.7% over the last 60 days [2] - Alico (ALCO) operates in the agribusiness sector in Central and Southwest Florida, with a Zacks Consensus Estimate for its current year earnings revised downward by nearly 5.8% over the last 60 days [2]

Core Viewpoint - Investors in Cantaloupe, Inc. (CTLP) should closely monitor the stock due to significant movements in the options market, particularly the high implied volatility of the Dec 19, 2025 $5 Call option [1] Company Analysis - Cantaloupe is currently rated as a Zacks Rank 4 (Sell) within the Financial Transaction Services industry, which ranks in the top 22% of the Zacks Industry Rank [3] - Over the past 30 days, the Zacks Consensus Estimate for the current quarter has increased from 7 cents per share to 8 cents per share [3] Options Market Insights - The high implied volatility suggests that options traders are anticipating a significant price movement for Cantaloupe shares, potentially indicating an upcoming event that could lead to a major rally or sell-off [2][4] - Options traders often seek out options with high implied volatility to sell premium, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected by expiration [4]

Core Viewpoint - Cantaloupe, Inc. (NASDAQ: CTLP) is currently trading around $11 per share following the announcement of its acquisition by a private equity firm, but the deal is not finalized yet [1] Company Summary - Cantaloupe, Inc. is in the process of being acquired by a private equity company, which has influenced its stock price to hover around $11 [1] - The acquisition is still pending, indicating that investors should monitor developments closely [1] Investment Perspective - The article reflects a long-term investment strategy, emphasizing a portfolio that includes a mix of growth, value, and dividend-paying stocks, with a particular focus on value [1]

Group 1 - Cantaloupe Inc. (NASDAQ:CTLP) experienced a 1.8% decline in stock price following a second request from the Federal Trade Commission (FTC) regarding its planned sale to 365 Retail Markets [2] - The FTC's request for additional information was received by Cantaloupe and 365 Retail on Wednesday [2]