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) has secured a partnership with the San Jose Earthquakes to become the exclusive point-of-sale (POS) provider at PayPal Park stadium for all games and events, starting in the 2025 season. The agreement includes implementation of Cantaloupe's next-gen POS technology solutions and Suites premium management system.
The partnership aims to enhance fan experience through advanced payment technology, focusing on increasing food and beverage sales, speeding up transaction times, and driving customer engagement. The Suites platform will enable suite owners to manage pre-orders efficiently. Cantaloupe's selection was influenced by its successful track record with other MLS teams across the U.S.
Cantaloupe Inc (Nasdaq: CTLP) has launched its new Smart Store Series, featuring the Smart Store 600 and 700 models. These self-service retail solutions aim to address key challenges including labor shortages and theft while maintaining seamless consumer experience.
The Smart Stores work through a secure system where customers present payment at POS to unlock the unit, select items tracked by weighted-shelves and cameras, and complete their purchase. The technology features touchscreens, audio assistance, and integrates with Cantaloupe's platform for inventory management.
Early adopters report significant benefits, with GALLS noting improved military base retail accessibility and Barrett Vending reporting theft reduction from 12% to 0% at a car dealership installation. The solution is available in the US and Canada, with planned expansion to UK and Mexico.
Cantaloupe Inc (Nasdaq: CTLP) has been selected as the official point-of-sale (POS) partner for Christmas Around the World, a holiday festival in Northeast Ohio running from November 29 through January 4, 2025. The event, expected to draw over 100,000 attendees at Lake Erie Crushers Stadium in Avon, will utilize Cantaloupe's mobile handheld POS devices to support hundreds of vendors. The devices feature rapid transaction processing, accept all major payment types including Apple Pay and Google Pay, and come equipped with Wi-Fi, LTE connectivity, barcode reader, and printer capabilities.
Cantaloupe (Nasdaq: CTLP) has been awarded two prestigious honors by the Technology Association of Georgia (TAG): the TAG Fintech ADVANCE award and the Innovation Driven Company award. The company received the ADVANCE award at Fintech South conference on August 28, and the Innovation award at the 2024 TAG Technology Awards on November 6. These recognitions highlight Cantaloupe's significant contributions to Atlanta's fintech community and its role in advancing self-service commerce through innovative payment solutions and technology.
Cantaloupe (Nasdaq: CTLP) reported first-quarter fiscal year 2025 financial results with a 13.0% YoY revenue increase to $70.8 million, driven by 15.7% growth in subscription and transaction revenue.
Key highlights include:
- Net income of $3.3 million, up from $1.7 million YoY.
- Adjusted EBITDA of $9.0 million, a 14.5% increase.
- Transaction fees grew by 17.8% to $43.6 million.
- Subscription fees increased by 11.5% to $20.2 million.
- Equipment sales decreased by 6.7% to $7.0 million.
- Adjusted gross margin improved to 40.7%.
- Total transaction volume rose by 14.1% to $826.7 million.
The company also reiterated its fiscal year 2025 guidance, projecting revenue between $308 million and $322 million, net income between $22 million and $32 million, and adjusted EBITDA between $44 million and $52 million.
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.
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