Cantaloupe Inc
NASDAQ:CTLP

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Cantaloupe Inc
NASDAQ:CTLP
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Price: 10.68 USD 0.56% Market Closed
Market Cap: 787.1m USD

Cantaloupe Inc
Investor Relations

Cantaloupe, Inc. is a software and payments company, which engages in the provision of end-to-end technology solutions for the unattended retail market. The company is headquartered in Malvern, Pennsylvania and currently employs 181 full-time employees. The Company’s Seed Cloud provides cloud and mobile solutions for dynamic route scheduling, automated pre-kitting, responsive merchandising, inventory management, warehouse and accounting management, as well as cashless vending. The company offers a value proposition for customers by providing both revenue generating services as well as bottom line business services to help operators of unattended retail machines run their businesses. The company enables to sell anything, anywhere, with its all-in-one unattended retail platform. The company provides its platform for industries such as vending, amusement and arcade, vehicle services, laundry, micro markets, kiosk, and entertainment. The Company’s solutions include payment and processing, consumer engagement, route optimization, warehouse management, micro market integration, office coffee service and pantry services.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
May 8, 2025
AI Summary
Q3 2025

Revenue Growth: Cantaloupe's Q3 revenue rose 11% year-over-year to $75.4 million, driven by solid transaction and subscription growth.

Weather Impact: Adverse storms reduced Q3 transaction revenue by about $2 million, but trends normalized in March and April.

Smart Store Momentum: Smart Store equipment revenue hit $2 million in Q3, with strong demand and a ramp-up seen in Q4.

Margin Expansion: Adjusted gross margin increased to 41.6%, up from 39.6% last year, reflecting continued operational leverage.

Profitability: Net income was $48.9 million, boosted by a $42.2 million tax benefit; without this, net income was $6.7 million, up from $4.4 million last year.

Raised Guidance: Fiscal 2025 revenue guidance was revised to $302–308 million (13–15% growth), and net income guidance increased to $64–70 million due to the tax benefit.

International Growth: International revenue is expected to be 3–4% by fiscal year-end, with further growth anticipated.

Cash Generation: Cash from operating activities reached $22.4 million in Q3, with strong free cash flow expected to continue.

Key Financials
Revenue
$75.4 million
Transaction Revenue
$44 million
Subscription Revenue
$21.2 million
Equipment Revenue
$10.2 million
Adjusted Gross Margin
41.6%
Subscription Adjusted Gross Margin
90.7%
Transaction Gross Margin
24.8%
Equipment Gross Margin
12.3%
Adjusted EBITDA
$13.9 million
Net Income
$48.9 million
Net Income (excluding tax benefit)
$6.7 million
Diluted Earnings Per Share
$0.65
Diluted Earnings Per Share (excluding tax benefit)
$0.09
Cash and Cash Equivalents
$46.3 million
Cash from Operating Activities
$22.4 million
Free Cash Flow
$18.6 million
Number of Active Customers
over 34,000
Number of Active Devices
1.26 million
Average Revenue Per Unit (ARPU)
$206
International Revenue (as % of total)
3–4% expected by year-end FY 2025
Earnings Call Recording
Other Earnings Calls

Management

Mr. Ravi Venkatesan
CEO, President & Director
No Bio Available
Mr. Scott Matthew Stewart C.P.A.
Chief Financial Officer
No Bio Available
Mr. Gaurav Singal
Chief Technology Officer
No Bio Available
Ms. Anna Novoseletsky
Chief Legal and Compliance Officer, General Counsel & Corporate Secretary
No Bio Available
Mr. Jeffrey C. Dumbrell
Chief Revenue Officer
No Bio Available
Mr. Jared Scott Grachek
Chief Accounting Officer
No Bio Available
Mr. Dave Grantier
Chief Information Officer
No Bio Available
Ms. Elyssa Steiner
Chief Marketing Officer
No Bio Available
Ms. Alyssa Braniecki
Vice President of People Operations
No Bio Available

Contacts

Address
PENNSYLVANIA
Malvern
100 Deerfield Ln Ste 300
Contacts
+16109890340.0
www.cantaloupe.com