Part I [Condensed Consolidated Financial Statements](index=3&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements) Total assets decreased to **$303.0 million** by December 31, 2024, while net income for the six months increased to **$8.5 million**, with **$11.5 million** net cash used in operations [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to **$303.0 million** by December 31, 2024, driven by lower cash and receivables, while total liabilities decreased and equity increased Condensed Consolidated Balance Sheet Highlights ($ in thousands) | Account | Dec 31, 2024 (Unaudited) | June 30, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $27,679 | $58,920 | | Total current assets | $117,009 | $157,794 | | Goodwill | $102,292 | $94,903 | | **Total assets** | **$303,045** | **$335,568** | | **Liabilities & Equity** | | | | Accounts payable | $41,081 | $78,895 | | Total current liabilities | $64,813 | $105,895 | | **Total liabilities** | **$110,185** | **$151,102** | | **Total shareholders' equity** | **$190,140** | **$181,746** | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Total revenues for the quarter grew **12.8%** to **$73.7 million**, with net income increasing to **$5.0 million**, and six-month revenues reaching **$144.6 million** Statement of Operations Highlights ($ in thousands, except per share data) | Metric | Q2 2024 (3 months) | Q2 2023 (3 months) | 6 Months 2024 | 6 Months 2023 | | :--- | :--- | :--- | :--- | :--- | | Total Revenues | $73,722 | $65,359 | $144,558 | $128,042 | | Subscription & transaction fees | $65,086 | $56,029 | $128,877 | $111,164 | | Operating Income | $6,163 | $3,585 | $10,270 | $6,340 | | Net Income | $4,974 | $3,124 | $8,546 | $5,131 | | Diluted EPS | $0.07 | $0.04 | $0.11 | $0.07 | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities was **$11.5 million** for the six months, with investing activities using **$17.8 million**, leading to a **$31.2 million** decrease in cash Cash Flow Summary - Six Months Ended Dec 31 ($ in thousands) | Cash Flow Activity | 2024 | 2023 | | :--- | :--- | :--- | | Net cash used in operating activities | $(11,496) | $(1,232) | | Net cash used in investing activities | $(17,842) | $(5,912) | | Net cash used in financing activities | $(926) | $(310) | | **Net decrease in cash** | **$(31,241)** | **$(7,449)** | - The significant increase in cash used in operating activities was mainly driven by a **$40.9 million** use of cash for accounts payable and accrued expenses, partially offset by a **$13.3 million** cash inflow from accounts receivable collections[22](index=22&type=chunk)[153](index=153&type=chunk) - Investing activities included **$9.8 million** for the acquisition of SB Software and **$8.1 million** for capital expenditures[22](index=22&type=chunk)[156](index=156&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the company's digital payments business, recent acquisitions of SB Software for **$11.4 million** and Cheq for **$4.7 million**, and a new **$100 million** credit facility post-quarter end - The company is a digital payments and software services company providing end-to-end technology solutions for self-service commerce, including vending, micro-markets, and smart retail[24](index=24&type=chunk) - On September 5, 2024, the Company acquired SB Software for a purchase price of approximately **$11.4 million**, resulting in **$7.8 million** of goodwill[58](index=58&type=chunk)[61](index=61&type=chunk)[64](index=64&type=chunk) - On February 1, 2024, the Company acquired Cheq for an aggregate purchase price of **$4.7 million**, resulting in **$2.0 million** of goodwill[59](index=59&type=chunk)[66](index=66&type=chunk)[68](index=68&type=chunk) - Subsequent to the quarter end, on January 31, 2025, the company entered into a new credit facility totaling **$100 million**, which was used to repay the prior facility's outstanding balance of **$37.3 million**[90](index=90&type=chunk)[91](index=91&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=26&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management reported a **12.8%** revenue increase to **$73.7 million** for the quarter, with gross margin improving to **38.6%**, and Adjusted EBITDA reaching **$10.7 million** [Results of Operations](index=29&type=section&id=Results%20of%20Operations) Quarterly revenue grew **12.8%** to **$73.7 million**, with gross margin expanding to **38.6%**, while six-month revenue reached **$144.6 million** with increased operating expenses Revenue and Gross Profit Comparison (Three Months Ended Dec 31) | ($ in thousands) | 2024 | 2023 | % Change | | :--- | :--- | :--- | :--- | | **Total Revenues** | **$73,722** | **$65,359** | **12.8%** | | Transaction fees | $44,392 | $37,892 | 17.2% | | Subscription fees | $20,694 | $18,137 | 14.1% | | **Total Gross Profit** | **$28,472** | **$22,643** | **25.7%** | | **Total Gross Margin** | **38.6%** | **34.6%** | **+4.0%** | Revenue and Gross Profit Comparison (Six Months Ended Dec 31) | ($ in thousands) | 2024 | 2023 | % Change | | :--- | :--- | :--- | :--- | | **Total Revenues** | **$144,558** | **$128,042** | **12.9%** | | Transaction fees | $87,995 | $74,922 | 17.4% | | Subscription fees | $40,882 | $36,242 | 12.8% | | **Total Gross Profit** | **$55,576** | **$45,028** | **23.4%** | | **Total Gross Margin** | **38.4%** | **35.2%** | **+3.2%** | - Operating expenses for the six months ended Dec 31, 2024 increased by **16.5%** to **$49.3 million**, driven by higher spending in Sales & Marketing (**+27.3%**), Technology & Product Development (**+25.4%**), and General & Administrative (**+10.6%**) to support growth and recent acquisitions[132](index=132&type=chunk) [Key Metrics](index=29&type=section&id=Key%20Metrics) Key operating metrics showed growth, with Active Devices reaching **1.27 million** and Total Dollar Volume of Transactions increasing **15.5%** to **$843.1 million** Key Operating Metrics (as of Dec 31) | Metric | 2024 | 2023 | % Change | | :--- | :--- | :--- | :--- | | Active Devices (thousands) | 1,269 | 1,226 | 3.5% | | Active Customers | 32,909 | 30,027 | 9.6% | | Total Dollar Volume of Transactions (millions, for the quarter) | $843.1 | $730.1 | 15.5% | | Average revenue per unit (ARPU, TTM) | $202.20 | $181.91 | 11.2% | [Non-GAAP Financial Measures](index=36&type=section&id=Non-GAAP%20Financial%20Measures) Non-GAAP Total Adjusted Gross Margin improved to **41.7%**, and Adjusted EBITDA for the quarter increased to **$10.7 million**, reaching **$19.6 million** for the six-month period Adjusted EBITDA Reconciliation ($ in thousands) | | Q2 2024 (3 months) | Q2 2023 (3 months) | 6 Months 2024 | 6 Months 2023 | | :--- | :--- | :--- | :--- | :--- | | Net income | $4,974 | $3,124 | $8,546 | $5,131 | | Adjustments | $5,694 | $5,363 | $11,069 | $11,177 | | **Adjusted EBITDA** | **$10,668** | **$8,487** | **$19,615** | **$16,308** | - Total Adjusted Gross Profit (non-GAAP) for the three months ended Dec 31, 2024 was **$30.7 million** (**41.7%** margin), compared to **$24.3 million** (**37.2%** margin) in the prior year period[143](index=143&type=chunk) [Liquidity and Capital Resources](index=38&type=section&id=Liquidity%20and%20Capital%20Resources) The company held **$27.7 million** in cash as of December 31, 2024, with operations using **$11.5 million** in cash, supplemented by a new **$100 million** credit facility - The company's primary sources of capital are cash on hand (**$27.7 million** as of Dec 31, 2024) and cash expected from operating activities[150](index=150&type=chunk) - Net cash used in operating activities for the six months ended Dec 31, 2024 was **$11.5 million**, largely due to a **$40.9 million** cash outflow for accounts payable and accrued expenses[153](index=153&type=chunk) - In January 2025, the company amended its debt agreement, securing a new **$100 million** credit facility which increases its borrowing capacity and defers certain repayments[160](index=160&type=chunk)[91](index=91&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=40&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risk from **$37.1 million** in variable-rate debt, where a **100-basis-point** SOFR increase would raise annual interest expense by **$0.4 million** - The company has **$37.1 million** in total outstanding borrowings subject to variable interest rates[164](index=164&type=chunk) - A **100 basis point** increase in the SOFR Rate would change annual interest expense by **$0.4 million**[164](index=164&type=chunk) [Controls and Procedures](index=40&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of December 31, 2024, with no material changes to internal control over financial reporting - Management concluded that the company's disclosure controls and procedures were effective as of December 31, 2024[168](index=168&type=chunk) - No material changes to internal control over financial reporting occurred during the fiscal quarter ended December 31, 2024[169](index=169&type=chunk) Part II [Legal Proceedings](index=41&type=section&id=Item%201.%20Legal%20Proceedings) Legal proceedings information is incorporated by reference, with no expected material impact on the company's financial condition - The company is not party to any litigation expected to have a material impact on its financial condition[88](index=88&type=chunk)[170](index=170&type=chunk) [Risk Factors](index=41&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred to the risk factors previously disclosed in the company's Annual Report on Form 10-K - For a discussion of risk factors, refer to the Company's Annual Report for the fiscal year ended June 30, 2024[171](index=171&type=chunk) [Exhibits](index=42&type=section&id=Item%206.%20Exhibits) The report includes key exhibits such as CEO/CFO certifications, Inline XBRL financial data, and the Second Amended and Restated Credit Agreement - Key exhibits filed include CEO/CFO certifications and financial data formatted in Inline XBRL[174](index=174&type=chunk) - The Second Amended and Restated Credit Agreement, dated January 31, 2025, is incorporated by reference[174](index=174&type=chunk)

Cantaloupe, Inc. Reports Second Quarter Fiscal Year 2025 Financial Results Second Quarter 2025 Revenue increased 12.8% Year-Over-Year, to $73.7 million, driven by 16% YoY growth in Subscription and Transaction revenue growth Second Quarter 2025 U.S. GAAP Net Income Applicable to Common Shares of $5.0 million and Adjusted EBITDA of $10.7 million [1] Reiterates Fiscal Year 2025 Guidance Exhibit 99.1 MALVERN, Pa. -- February 6, 2025 -- Cantaloupe, Inc. (Nasdaq: CTLP) ("Cantaloupe" or the "Company"), a global l ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Inves ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...

Cantaloupe, Inc. (NASDAQ:CTLP) Q1 2025 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Ravi Venkatesan - Chief Executive Officer Scott Stewart - Chief Financial Officer Conference Call Participants Josh Nichols - B. Riley Marc Feldman - William Blair Gary Prestopino - Barrington Operator Hello, and thank you for standing by. Welcome to the Cantaloupe First Quarter Fiscal Year 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being r ...

Core Insights - Cantaloupe (CTLP) reported revenue of $70.84 million for the quarter ended September 2024, marking a 13% year-over-year increase and exceeding the Zacks Consensus Estimate of $70.54 million by 0.42% [1] - The company's EPS for the same period was $0.04, up from $0.02 a year ago, aligning with the consensus EPS estimate [1] Financial Performance Metrics - Gross Margin for Equipment sales was 11.4%, surpassing the average estimate of 6.8% from two analysts [3] - Gross Margin for Subscription and transaction fees was 41.2%, slightly below the average estimate of 43.1% from two analysts [3] - Revenue from Subscription and transaction fees reached $63.79 million, matching the three-analyst average estimate and reflecting a year-over-year increase of 15.7% [3] - Revenue from Equipment sales was $7.04 million, exceeding the average estimate of $6.66 million from three analysts, but showing a year-over-year decline of 6.7% [3] - Revenue from Subscription and transaction fees - Transaction fees amounted to $43.60 million, above the average estimate of $43.03 million, with a year-over-year increase of 17.9% [3] - Revenue from Subscription and transaction fees - Subscription fees totaled $20.19 million, slightly below the average estimate of $20.53 million, reflecting a year-over-year increase of 11.5% [3] Stock Performance - Cantaloupe shares have returned 4.2% over the past month, outperforming the Zacks S&P 500 composite's 3.2% change [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4]

Cantaloupe (CTLP) came out with quarterly earnings of $0.04 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this electronic payment and wireless networking company would post earnings of $0.05 per share when it actually produced earnings of $0.03, delivering a surprise of -40%.Over the last four quarters, the company has surpassed consensus EPS estimates two t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-33365 Cantaloupe, Inc. _______________________________________________________________ (Exact name of registrant as specifie ...

Cantaloupe, Inc. (CTLP) is scheduled to release its first-quarter fiscal 2025 results on Nov. 7, after market close.See Zacks Earnings Calendar to stay ahead of market-making news.The company has had an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in three of the four trailing quarters and missed in one, delivering an average earnings surprise of 45%.Cantaloupe’s Q1 ExpectationsThe Zacks Consensus Estimate for CTLP’s revenues is pegged at $71.1 million, suggesting a 13.5% ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...