Cantaloupe Inc
NASDAQ:CTLP
Cantaloupe Inc
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.
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.
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.
