Financial Data and Key Metrics Changes - Total revenue for Q4 FY 2024 increased by 13% year-over-year to $72.7 million, driven by a 16% increase in transaction revenue and a 14% increase in subscription revenue [4][18] - Adjusted EBITDA for Q4 was $7.5 million, a 19% decrease compared to Q4 FY 2023, primarily due to a $1.5 million one-time benefit in the prior year [5][21] - FY 2024 total revenue was $268.6 million, slightly below guidance, while adjusted EBITDA increased by 91% to $34 million [5][21] - Non-GAAP adjusted gross margin for FY 2024 improved to 38% from 33% in FY 2023 [5][20] Business Line Data and Key Metrics Changes - Subscription revenue for Q4 was $19.9 million, a 14% increase year-over-year, while transaction revenue was $41.2 million, up 16% [18] - Revenue per connection increased by 11% from $174 in FY 2023 to $194 in FY 2024, reflecting the impact of new products [6][19] - Equipment revenue for Q4 was $11.5 million, a 3% increase compared to Q4 FY 2023 [19] Market Data and Key Metrics Changes - The company reported over 31,000 active customers and 1.2 million active devices, representing increases of 10% and 5% respectively compared to the prior year [19] - The average cashless transaction at amusement machines is nearly seven times that of cash transactions, indicating a shift towards cashless payments [16][17] Company Strategy and Development Direction - The company plans to achieve 15% to 20% top-line growth and approximately 40% adjusted EBITDA growth in FY 2025 [6][21] - The acquisition of SB Software is aimed at enhancing the company's presence in the UK and Europe, providing cross-selling opportunities for cashless payment solutions [12][27] - The company is focusing on expanding into new verticals, including residential complexes and sports entertainment [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth trajectory in FY 2025, noting that consumer spending weakness observed in June did not persist [31] - The company is confident in its ability to execute in international markets, particularly in Europe and Latin America, with new product offerings like smart stores [49][50] Other Important Information - The company has successfully remediated all material weaknesses reported last year, improving internal controls [6][22] - The company processed over $6 million in transactions at a recent food and music festival, showcasing the effectiveness of its POS solutions [14] Q&A Session Summary Question: Can you provide more color on the subscription and transaction revenue guidance? - Management indicated that the guidance of 15% to 20% is in line with previous expectations, with subscription revenue expected to grow around 15% and transaction revenue around 18% [23][25] Question: What is the strategy behind the acquisition of SB Software? - The acquisition is primarily a technology acquisition that allows for cross-selling cashless payment solutions and expands market reach in Europe [26][27] Question: How do you see the growth trajectory for FY 2025? - Management noted that while there was a temporary slowdown in June, the overall trends have strengthened, and they expect continued growth in both subscription and transaction revenues [30][31] Question: Can you elaborate on the implementation timelines? - Implementation timelines have returned to normal, with most installations now completed within a six-week timeframe [45][41] Question: What are the growth opportunities in Latin America? - Management is optimistic about winning additional large operators in Latin America, indicating strong growth prospects in the region [46][46]

Core Insights - Cantaloupe (CTLP) reported revenue of $72.66 million for the quarter ended June 2024, reflecting a year-over-year increase of 13.2% but falling short of the Zacks Consensus Estimate of $76.14 million, resulting in a revenue surprise of -4.57% [1] - The company's EPS was $0.03, down from $0.04 in the same quarter last year, with an EPS surprise of -40.00% compared to the consensus estimate of $0.05 [1] Financial Performance Metrics - Cantaloupe's gross margin for equipment sales was reported at 7.2%, exceeding the average estimate of 6.1% from two analysts [6] - The gross margin for subscription and transaction fees was 40.1%, slightly below the average estimate of 43.5% from two analysts [6] - Revenue from subscription and transaction fees totaled $41.20 million, which is lower than the average estimate of $42.77 million but represents a year-over-year increase of 16% [4] - Revenue from equipment sales was reported at $61.13 million, compared to the average estimate of $63.08 million, marking a year-over-year increase of 15.4% [6] - Subscription fees generated $19.90 million, slightly below the estimated $20.05 million, but still reflecting a 14% increase compared to the previous year [7] Stock Performance - Over the past month, Cantaloupe's shares have returned -3.3%, contrasting with the Zacks S&P 500 composite's increase of +2.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Cantaloupe (CTLP) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -40%. 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 $0.06, delivering a surprise of 20%. Over th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 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 | --- | --- | |----------------------------------------------------------------|----------------------------- ...

Wall Street analysts forecast that Cantaloupe (CTLP) will report quarterly earnings of $0.05 per share in its upcoming release, pointing to a year-over-year increase of 25%. It is anticipated that revenues will amount to $76.14 million, exhibiting an increase of 18.7% compared to the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this time ...

Core Viewpoint - Cantaloupe (CTLP) has shown a significant price increase of 19.1% over the past four weeks, with analysts projecting a mean price target of $9.90, indicating a potential upside of 27.1% from the current price of $7.79 [1] Price Target Analysis - The average price target consists of five estimates ranging from a low of $9 to a high of $10.50, with a standard deviation of $0.55, suggesting a relatively tight clustering of estimates [2] - The lowest estimate indicates a potential increase of 15.5%, while the highest suggests a 34.8% upside [2] Analyst Sentiment - Analysts are optimistic about CTLP's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which has historically correlated with stock price movements [4][9] - The Zacks Consensus Estimate for the current year has increased by 3.8% due to one upward revision and no negative revisions in the last 30 days [10] Zacks Rank - CTLP holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, which supports the stock's potential for upside [11]

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. 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 s ...

Group 1 - Cantaloupe (CTLP) closed at $7.06, with a 3.7% gain over the past four weeks, and a mean price target of $9.90 indicating a 40.2% upside potential [1] - The average price targets range from a low of $9 to a high of $10.50, with a standard deviation of $0.55, suggesting a 27.5% to 48.7% upside from the current price [2] - Analysts show strong agreement on CTLP's ability to report better earnings, with a positive trend in earnings estimate revisions correlating with potential stock price increases [4][12] Group 2 - The Zacks Consensus Estimate for CTLP has increased by 3.9% over the past month, with no negative revisions, indicating positive earnings prospects [13] - CTLP holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [14] - While consensus price targets may not be reliable for predicting exact gains, they can provide a directional guide for price movement [14]

NEW YORK, May 20, 2024 (GLOBE NEWSWIRE) -- Today Talkspace (NASDAQ: TALK), a leading online behavioral health care company, announced the appointment of Ian Harris, a seasoned investment leader who currently oversees investor strategy and relations at the Company, as Chief Financial Officer. The Company has also announced that Jennifer Fulk will step down from her position as Chief Financial Officer. Ms. Fulk will assist with the transition process while spending time with family. "On behalf of the Board of ...

aquaArts studio/E+ via Getty Images I recommended Cantaloupe (NASDAQ:CTLP) to SeekingAlpha readers in February. FY24 Q3 results came out this week, so I'm writing to update my thesis. As of writing, with shares up over 10% since results were announced, the stock is down a few percent since my recommendation, underperforming the S&P's 5% return. After reviewing the results, I think that the thesis remains intact. I am noting the underperformance in the subscription segment, which was the core of my thesi ...