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 Inc. (NASDAQ: CTLP) has announced that Food Express has implemented its Seed® Pro and Seed Office® platforms, resulting in a 97% increase in average collections per visit. This partnership aims to streamline operations and enhance inventory management across multiple branches. Key metrics post-implementation include a 30% reduction in vending service visits and a 75% increase in average fills within six weeks. Cantaloupe emphasizes that this implementation facilitates operational efficiency for high-growth retailers.
Cantaloupe, Inc. (CTLP), a leader in digital payments and software solutions for the unattended retail market, will host a conference call on November 4, 2021, at 4:30 p.m. ET to discuss its financial results for Q1 FY 2022. A press release with the financial results will be issued at 4:00 p.m. ET. Participants can join by dialing +1 (866) 393-1608. An archived replay will be available until November 7, 2021. Cantaloupe focuses on integrating payment processing with logistics and back-office management, enhancing consumer engagement and operational efficiency.
Cantaloupe, Inc (Nasdaq: CTLP) will participate in the Atlantic Coast Exposition (ACE) from October 14-16, 2021. The company’s CTO, Ravi Venkatesan, will present on October 15 about payment innovation trends in unattended retail. This panel will address the shift from cash to digital payment methods, including mobile apps and cryptocurrency. Cantaloupe is a diamond sponsor and will showcase its products at Booth #308 during the event held at Embassy Suites Kingston Plantation, Myrtle Beach, SC.
Cantaloupe Inc. (NASDAQ: CTLP) has announced that three of its executives, Elyssa Steiner, Michael Johnson, and Maxwell Elliott, have been named to Automatic Merchandiser’s inaugural 40 Under 40 award list. This award recognizes young leaders in the unattended retail industry. Steiner has a notable history in marketing; Johnson, a co-founder of Yoke Payments, has significantly impacted micro market solutions; and Elliott has been active in the vending sector. Cantaloupe's CEO, Sean Feeney, commended their achievements and leadership in driving industry innovation.
Cantaloupe, Inc. (NASDAQ: CTLP) announced its Fiscal Year 2022 Annual Meeting of Shareholders, set for November 9, 2021, at 11 a.m. Eastern Time. Shareholders of record as of September 8, 2021 can participate by logging in with a control number provided in the proxy materials. The company specializes in digital payments and software services for the unattended retail market, aiming to enhance consumer engagement and operational control for its customers. Access to the meeting will be available via a dedicated virtual meeting website.
Cantaloupe, Inc. (CTLP) reported record fourth-quarter revenue of $49.0 million, marking a 50.2% year-over-year increase. The company's license and transaction fee revenue rose to $38.2 million, up 37.3% year over year, while equipment revenue soared by 124.5% to $10.8 million. Despite a 30.2% gross margin, down from 34.0% the prior year, operating losses narrowed to $0.5 million, significantly reduced from $10.4 million. Looking ahead, Cantaloupe forecasts fiscal year 2022 revenue between $200 million and $210 million, with expected net loss ranging from $(7) million to $(5) million.
Cantaloupe, Inc. (NASDAQ: CTLP) will participate in Lake Street’s 5th Annual Best Ideas Growth (BIG5) Conference on Tuesday, September 14, 2021. The company specializes in digital payments and software solutions for the unattended retail market, enhancing consumer engagement and operational control. Interested investors can access the presentations via the company’s investor relations website. Cantaloupe’s integrated solutions facilitate effective payments processing, logistics management, and customer loyalty programs across various unattended retail sectors.
Cantaloupe, Inc. (Nasdaq: CTLP) recently held its inaugural Innovation Summit during The NAMA Show 2021. The summit showcased the company's strategies and cutting-edge solutions for the unattended retail market, including the enhanced Remote Price Change technology. CEO Sean Feeney emphasized ongoing innovations like mobile payments, cryptocurrency options, and touchless vending solutions. Cantaloupe also announced the acquisition of Yoke Payments, enhancing its self-checkout capabilities. The company aims to improve consumer engagement and operational efficiency.
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