Welcome to our dedicated page for Cantaloupe news (Ticker: CTLP), a resource for investors and traders seeking the latest updates and insights on Cantaloupe stock.
Cantaloupe, Inc. (CTLP) is a leading provider of cloud-based technologies dedicated to the unattended retail industry. Specializing in cashless payments, dynamic route scheduling, real-time pre-kitting, merchandising, and inventory management, Cantaloupe delivers an integrated end-to-end solution accessible from any mobile device.
With over 100 years of combined vending experience, Cantaloupe's expert consultation team assists vending operators in modernizing their operations, leading to increased revenue, improved route efficiencies, and streamlined back office administration. The company boasts more than 400 customers and has connected over 400,000 machines through its innovative solutions, which provide operators with full control and visibility over their operations, inventory, and personnel. This proactive and competitive approach ensures that businesses can effectively manage and grow their ventures.
Cantaloupe operates within the small ticket electronic payments industry, supplying wireless, cashless, and micro-transaction services to the unattended Point of Sale (POS) market. Its product portfolio includes ePort Cashless devices, eSuds, EnergyMisers, and value-added services such as Loyalty and Prepaid programs, Intelligent Vending, and more. The company serves a diverse range of industries including car wash, transportation, laundry, vending, kiosk, amusement, and arcade.
The company's revenue is primarily generated from subscription and transaction fees, as well as the sale or lease of equipment and services to the small ticket, unattended POS market. Cantaloupe's commitment to innovation and customer satisfaction has solidified its position as a key player in the unattended retail technology landscape.
Cantaloupe (NASDAQ:CTLP), a global provider of self-service commerce technology solutions, has announced its participation in two upcoming investor conferences. At the Stephens Annual Investment Conference in Nashville on November 21, 2024, CEO Ravi Venkatesan and CFO Scott Stewart will host one-on-one and small group meetings, plus participate in a fireside chat at 1:00 PM CT. The executives will also attend the virtual Northland Growth Conference on December 12, 2024, where they will conduct one-on-one and group meetings.
Cantaloupe, Inc. (Nasdaq: CTLP), a global leader in self-service commerce technology solutions, has announced its plans to report first quarter fiscal year 2025 financial results on November 7, 2024. The company will release a press release with financial highlights at approximately 4:05 p.m. Eastern Time, followed by a webcast at 5:00 p.m. Eastern Time where management will discuss the results.
Investors and interested parties can access the live webcast through the Investor Relations section of Cantaloupe's website. To participate in the live call and ask questions, registration is required. Upon registration, participants will receive a dial-in number and unique PIN. A replay of the conference call will be available in the same Investor Relations section of the company's website.
Cantaloupe, Inc. (Nasdaq: CTLP) has launched its AdVantage program, enabling brands to engage consumers through digital advertising on Cantaloupe's point-of-sale (POS) touchscreen devices across the U.S. and Canada. The program's inaugural campaign partners with Mastercard to support the Priceless Planet Coalition, aiming to restore 100 million trees worldwide.
The three-month digital campaign encourages consumers to donate to Conservation International. Cantaloupe will match donations up to $500,000. Donors contributing $4 or more can enter a sweepstakes for prizes, including trips to Cantaloupe-powered venues and Mastercard Prepaid Cards.
The AdVantage Program offers brands flexible campaign options on Cantaloupe's Engage touchscreen card readers and self-checkout kiosks, guaranteeing up to 1 million impressions per campaign. Operators benefit from revenue sharing for ad impressions, while brands can tailor their POS advertising strategies.
Cantaloupe, Inc. (Nasdaq: CTLP), a global provider of end-to-end technology solutions for self-service commerce, announced that its Chairman Douglas Bergeron and CEO Ravi Venkatesan have increased their ownership in the company's stock. Bergeron purchased an additional 285,000 shares, bringing his direct ownership to over one million shares across various investment vehicles. He also holds shares through his former role at Hudson Executive Capital, Cantaloupe's largest shareholder. Venkatesan has also increased his personal stake in the company.
Both executives expressed confidence in Cantaloupe's market position and growth potential. Venkatesan stated, "I have never been more confident of our market position and our growth vectors. These investments signal our belief in the company's strategic direction and growth potential."
Cantaloupe, Inc. (Nasdaq: CTLP) has announced a significant update to its flagship Seed™ vending management system (VMS) platform. The refreshed platform offers a modernized user interface with improved usability and visual appeal. Key features include:
1. A more intuitive design with improved typography and fresh color palette
2. Full responsiveness for mobile accessibility
3. Redesigned dashboard for quick overview of key business metrics
4. Enhanced back-end performance for faster page loading and greater stability
The update aims to improve efficiency for vending, micro market, and office coffee service operators. Early customer feedback has been positive, with users praising the platform's improved mobile usability and overall performance.
Cantaloupe, Inc. (CTLP) reported strong financial results for Q4 and FY 2024. Q4 revenue reached $72.7 million, up 13.2% year-over-year, driven by a 15.4% growth in subscription and transaction fees. FY 2024 revenue hit $268.6 million, a 10.2% increase from the previous year. The company achieved a U.S. GAAP net income of $11.4 million for FY 2024, with Adjusted EBITDA of $34.0 million, marking a 90.9% year-over-year increase.
Cantaloupe's growth is fueled by the trend towards cashless payments and demand for self-service solutions. The company's acquisition of SB Software supports its international expansion in Europe. For FY 2025, Cantaloupe projects revenue between $308-322 million and Adjusted EBITDA between $44-52 million.
Cantaloupe, Inc. (Nasdaq: CTLP) has acquired SB Software , a leading provider of vending and coffee management software solutions in the UK and Ireland. This strategic move aims to enhance Cantaloupe's operational capabilities and market reach throughout Europe. The integration of SB Software's Vendmanager and Coffeemanager systems with Cantaloupe's existing technologies will create a comprehensive suite of solutions, offering real-time data analytics and integrated payments.
SB Software, founded in 2008, has over 30,000 licensed subscriptions and recently won awards for Best Customer Service and Best Ancillary Product or Service at the Vendies 2024. This acquisition is expected to expand Cantaloupe's micro markets presence and standardize its payment processing solutions across SB Software's client base, positioning the company for further growth and innovation globally.
Cantaloupe, Inc. (Nasdaq: CTLP), a leading provider of end-to-end technology solutions for self-service commerce, has announced its plans to report fourth quarter and fiscal year 2024 financial results on September 10, 2024. The company will host a webcast at 5:00 p.m. Eastern Time to discuss the results, with a press release highlighting the financial outcomes to be issued at approximately 4:05 p.m. Eastern Time on the same day.
Investors and interested parties can access the live webcast through the Investor Relations section of Cantaloupe's website. To participate in the live call and ask questions, registration is required. A replay of the conference call will be available on the company's website for those unable to attend the live event.
Cantaloupe, Inc. (Nasdaq: CTLP) has launched Suites, a premium suite management system within its Cheq platform, designed for stadiums and venues. This innovative solution streamlines hospitality operations, enhances guest experiences, and increases employee satisfaction. Key features include:
1. Easy pre-order management for suite owners via desktop or mobile app
2. Ability to modify orders until a customizable cut-off time
3. Automatic updates for concession providers
4. Flexibility to integrate with existing Cheq platform or operate as a standalone product
5. Web-based system for improved staff preparation and event-day operations
Suites aims to replace traditional, error-prone processes with an organized and simplified user experience, allowing venue staff to focus on delivering exceptional customer service.
Decorum Vending has completed its upgrade of 630 vending machines to Cantaloupe's contactless and digital screen card readers, primarily in train stations and travel hubs across the UK. This transition, which integrates seamlessly with Decorum's Vending Management System, aims to enhance operational efficiency and customer service. Cantaloupe, a global leader in technology solutions for self-service commerce, emphasized that this upgrade positions them as the sole provider of cashless payment solutions for Decorum. Key features include seamless integration, speed, efficiency, and support for basket vends, improving customer experience and operational transparency. Additionally, Cantaloupe's solutions have improved financial management and refund processes for Decorum.
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