Business Operations and Growth - Cantaloupe, Inc. processes over 1 billion transactions annually across more than 1 million active locations globally[16]. - The majority of revenue is derived from subscription and transaction fees, with transaction fees being the most significant driver of revenue[17]. - The Seed platform offers advanced analytics, route scheduling, and inventory management, enhancing operational efficiency for customers[31]. - Cantaloupe's G11 Cashless Kit supports faster processing and enhanced functionality for digital payments, operating on major networks with built-in NFC support[29]. - The Cantaloupe Go product line includes various self-checkout kiosks, integrating seamlessly with the Seed platform for comprehensive business management[26]. - Cantaloupe's services handle over $2 billion in annual transactions in the micro-payments space, utilizing Amazon Web Services for infrastructure[34]. - Key verticals served include food service, vending, and self-service kiosks, representing significant market potential for Cantaloupe[39]. - The vending and micro market industry grew by 12% in total revenue in 2022, reaching almost 89% of the 2019 benchmark revenue high[40]. - Global sales of interactive kiosks reached an estimated $14.5 billion in 2022, a 20% increase from $12.1 billion in 2021[41]. - The smart vending market is expected to reach a value of $15 billion by 2028, growing at a rate of 12% from 2022 to 2028[45]. - The company plans to expand into micro markets and self-checkout solutions, leveraging its Cantaloupe Go platform[49]. - The company aims to capitalize on cashless payment trends, with a focus on expanding cashless acceptance in international markets[48]. - The company experienced a headcount increase of approximately 20%, growing from 225 full-time employees in 2022 to 269 in 2023[68]. Financial Performance - The company recognized a net income of $0.6 million for fiscal year 2023, compared to net losses of $1.7 million and $8.7 million for fiscal years 2022 and 2021, respectively[87]. - Customer concentrations for the years ended June 30, 2023, 2022, and 2021 were 12%, 14%, and 16% of total revenue from a single customer, indicating a significant reliance on key customers[93]. - The company has a history of losses since inception, and continuous profitability in the foreseeable future is not assured, which may lead to a decline in stock price if future losses occur[87]. - The company experienced net cash provided by operating activities of $14.2 million, $(8.7) million, and $8.2 million for the fiscal years ended 2023, 2022, and 2021, respectively[119]. - Total revenues increased by $38.4 million to $243.6 million for the year ended June 30, 2023, driven by a $31.4 million increase in subscription and transaction fees and a $7.1 million increase in equipment sales[196]. - Subscription and transaction fees increased by $21.9 million or 20%, attributed to increased processing volumes and a 16% rise in total dollar volumes[197]. - The company’s gross profit for the year ended June 30, 2023 was $81.2 million, a 26.5% increase from $64.2 million in the previous year[195]. - Total gross margin improved from 31.3% in 2022 to 33.3% in 2023, primarily due to higher margin revenue from subscription fees[200]. - Operating expenses increased by $13.6 million to $80.5 million for the year ended June 30, 2023, driven by higher general and administrative expenses and sales and marketing costs[201]. - The company incurred $3.1 million in integration and acquisition expenses, reflecting ongoing efforts to expand its business[201]. - Adjusted EBITDA for the fiscal year ended June 30, 2023, was $17.8 million, compared to $9.9 million in 2022, reflecting a significant increase[213]. Legal and Compliance Risks - The company is subject to various legal, regulatory, and compliance risks that could adversely affect its business and financial condition[124]. - The company has significant ongoing litigation and investigations that may require substantial management time and incur additional legal expenses[136]. - The company has incurred significant expenses related to the 2019 Investigation, including audit, legal, and consulting fees, which could adversely affect its financial condition[130]. - The company has identified multiple material weaknesses in its internal control over financial reporting as of June 30, 2023, and is in the process of remediation[141]. - The company has settled the 2019 Investigation with the SEC but may still face future claims or inquiries that could impact its resources and reputation[132]. Market and Economic Conditions - 73% of small businesses believe new forms of digital payments are essential for growth, and 41% of consumers plan to shift to cashless payments within two years[20]. - 66% of consumers prefer self-service options due to speed and reduced stress, indicating a strong shift towards self-service models[21]. - The company is exposed to general economic conditions that could negatively impact consumer confidence and spending, affecting the number of active devices and transactions[81]. - Geopolitical conflicts, such as the Russia-Ukraine conflict, may adversely affect the company's operations and international expansion efforts[96]. Technology and Innovation - The company has established long-term agreements with payment processors and technology vendors to support its operations[58]. - The company is focused on enhancing its position as a leading provider of technology in the self-service industry through innovative solutions[47]. - The company has been granted 140 patents, with 49 still in force, and has pending patent applications[115]. - The newly launched Cantaloupe ONE Platform has seen significant customer interest and growth, providing a bundled subscription model for operators[171]. - The Seed Driver mobile app was updated and is now available on both Apple and Android platforms, enhancing efficiency for route drivers[171]. - The company migrated its cloud hosting services to Amazon Web Services (AWS) in July 2022, supporting a scalable infrastructure[166]. Financial Position and Capital Structure - As of June 30, 2023, the company reported a net working capital surplus of $41.7 million and cash and cash equivalents of $50.9 million[119]. - The company entered into an amended and restated credit agreement with JPMorgan Chase Bank, providing for a $15 million secured revolving credit facility and a $25 million secured term facility[120]. - The Amended JPMorgan Credit Facility has a four-year maturity and includes two financial covenants, one requiring a total leverage ratio of not more than 3.00 to 1.00[121]. - The company was in compliance with its financial covenants as of June 30, 2023[122]. - The company may require additional financing to sustain operations, particularly in response to unexpected non-operational events[119]. - The company’s preferred stock holders are entitled to a liquidation preference of approximately $22.1 million as of June 30, 2023, which could impact distributions to common stockholders in the event of a merger or asset sale[147]. - As of June 30, 2023, accumulated unpaid dividends on preferred stock amounted to approximately $18.3 million, with a liquidation preference of about $22.1 million[156]. Customer and Market Dynamics - As of June 30, 2023, the company had 28,584 Active Customers and 1.17 million Active Devices, compared to 23,991 Active Customers and 1.14 million Active Devices as of June 30, 2022[67]. - The number of Active Customers rose to 28,584, representing an increase of 4,593 customers or 19% compared to 23,991 in the prior year[193]. - The company successfully closed the acquisition of Three Square Market in December 2022, accelerating its micro market business[166]. - The 32M acquisition contributed $7.3 million in subscription and transaction fees and $5.9 million in equipment sales for the year ended June 30, 2023[197][198]. - The company continues to monitor the impact of COVID-19, noting elevated component and supply chain costs during fiscal year 2023[167].

Cantaloupe, Inc. (NASDAQ:CTLP) Q4 2023 Earnings Conference Call August 6, 2023 5:00 PM ET Company Participants Marissa Neuman - Investor Relations Ravi Venkatesan - Chief Executive Officer Scott Stewart - Chief Financial Officer Conference Call Participants Josh Nichols - B. Riley Gary Prestopino - Barrington Research Chris Kennedy - William Blair George Sutton - Craig-Hallum Operator Thank you for standing by, and welcome to the Cantaloupe Fourth Quarter Fiscal Year 2023 Earnings Conference Call. At this t ...

Accounts receivable primarily include amounts due to the Company for sales of equipment and subscription fees, settlement receivables for amounts due from third-party payment processors and receivables from contract manufacturers, net of the allowance for credit losses. Accounts receivable, net of the allowance for uncollectible accounts were $29.2 million as of March 31, 2023 and $37.7 million as of June 30, 2022. Accounts receivable from one contract manufacturer represented 16% of accounts receivable as ...

Cantaloupe, Inc. (NASDAQ:CTLP) Q3 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Dara Dierks – Investor Relations Ravi Venkatesan – Chief Executive Officer Scott Stewart – Chief Financial Officer Conference Call Participants Mike Latimore – Northland Capital Markets George Sutton – Craig-Hallum Gary Prestopino – Barrington Research Chris Kennedy – William Blair Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Cantaloupe's Third Quarter Fiscal Year ...

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE EXCHANGE ACT OF 1934 Cantaloupe, Inc. _______________________________________________________________ (Exact name of registrant as specified in its charter) Title of Each Class Trading Symbol Name Of Each Exchange On Which Registered Common Stock, no par value CTLP The NASDAQ Stock Market LLC Large accelerated filer ☐ Accelerated filer ☑ Non-accelerated filer ...

Cantaloupe, Inc. (NASDAQ:CTLP) Q2 2023 Earnings Conference Call February 7, 2023 5:00 PM ET Company Participants Ravi Venkatesan - Chief Executive Officer Scott Stewart - Chief Financial Officer Conference Call Participants Chris Kennedy - William Blair Gary Prestopino - Barrington Research James Rush - Craig-Hallum Mike Lattimore - Northland Capital Markets Operator Good day and thank you for standing by. And welcome to the Cantaloupe Second Quarter 2023 Earnings Conference Call. Please be advised that tod ...

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, 2022 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. (NASDAQ:CTLP) Q1 2023 Earnings Conference Call November 7, 2022 5:00 PM ET Company Participants Ravi Venkatesan - Chief Executive Officer Scott Stewart - Chief Financial Officer Conference Call Participants Chris Kennedy - William Blair Gary Prestopino - Barrington Research George Sutton - Craig-Hallum Operator Good day and thank you for standing by. And welcome to the Cantaloupe First Quarter 2023 Earnings Conference Call. Please be advised that today’s conference is being recorded. With u ...

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, 2022 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. ____________________________________________________________________________________________ ...

Cantaloupe, Inc. (NASDAQ:CTLP) Q4 2022 Earnings Conference Call September 8, 2022 5:00 PM ET Company Participants Sean Feeney - Chief Executive Officer Doug Bergeron - Chairman of the Board Ravi Venkatesan - Chief Operating Officer Scott Stewart - Chief Financial Officer Conference Call Participants Cris Kennedy - William Blair Mike Lattimore - Northland Capital Markets Gary Prestopino - Barrington Research Operator Good day and thank you, for standing by. Welcome to the Cantaloupe Fourth Quarter Full Year ...