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 acquired the assets of Delicious Nutritious LLC, known as Yoke Payments™, enhancing its offerings in the unattended retail market. Yoke's advanced point-of-sale technology will integrate with Cantaloupe's existing platforms, providing self-checkout solutions and improving logistics for micro markets. This acquisition aims to unlock new revenue streams and expand capabilities, leveraging Yoke's existing integration with over 40 major platforms. Cantaloupe's CEO stated the deal follows a successful four-year collaboration with Yoke.
Cantaloupe, Inc. (Nasdaq: CTLP) will showcase its latest innovations at the NAMA Show 2021 in New Orleans from August 18 to 20. The company will participate in various panels discussing topics such as the future of convenience services and payment acceptance trends. Key speakers include CEO Sean Feeney and CTO Ravi Venkatesan, highlighting the intersection of technology and consumer behavior in the retail space. The event aims to explore the future of unattended retail and consumer engagement strategies.
Cantaloupe, Inc. (Nasdaq: CTLP) will showcase its latest innovations at the NAMA Show 2021 from August 18-20 in New Orleans, Louisiana. The company will participate in various conference panels focusing on trends in convenience services, payments acceptance, marketing hacks, and consumer behavior impacting unattended retail models. Key presentations include discussions moderated by Cantaloupe executives and industry leaders, providing insights into future consumer expectations and self-service models.
Cantaloupe, Inc. (Nasdaq: CTLP) will host a webcast and conference call on September 2, 2021, at 4:30 p.m. ET to discuss its fourth quarter and full year financial results. A prior press release with results will be shared at approximately 4:00 p.m. ET. Participants can join by calling +1 (866) 393-1608 (domestic) or +1 (224) 357-2194 (international), referencing conference ID # 7894196. A live webcast and a telephone replay will also be accessible for those unable to attend the live event.
Cantaloupe, Inc. (NASDAQ: CTLP) announced its inclusion in the Russell 2000® Index effective June 28, 2021, following its reconstitution. This membership is based on market capitalization, reflecting the company's significant operational and financial progress since its relisting on NASDAQ in late 2020 and rebranding earlier this year. CEO Sean Feeney expressed optimism that this inclusion will enhance the company's visibility and help rebuild shareholder value.
Cantaloupe, Inc. (Nasdaq: CTLP) announced findings from a joint study with Michigan State University revealing a significant shift from cash to digital payments in the vending machine sector. By April 2020, digital transactions surpassed cash, with an average sales volume per machine of $235 for digital and $160 for cash. In November 2020, cash payments dropped to 40% from 52% a year earlier. Notably, contactless payments surged, especially in hospitals and military settings, indicating a growing preference for touch-free options during the pandemic.
Cantaloupe, Inc. (NASDAQ: CTLP) has launched the ePort® Connect Platform's next-generation touch screen devices, ePort Engage and ePort Engage Combo, enhancing consumer engagement in unattended retail. These devices support all digital payments, featuring advanced security and seamless integration with the Seed™ software platform. Expected availability is in September 2021, with pre-orders starting in July. This development aims to meet the demand for contactless payments while elevating consumer experiences through personalized interactions.
Cantaloupe, Inc. (NASDAQ:CTLP) announces its participation in several upcoming investor conferences. On May 20, 2021, the Company will host 1x1 and small group meetings during the Barclays Emerging Payments and FinTech Forum. Following this, on May 26, 2021, a fireside chat will occur at the JP Morgan TMT Conference at 2:55 PM ET. Additional meetings will be held on June 2, 2021, at the Craig Hallum Capital Group Conference, with another fireside chat scheduled for June 3, 2021, at the William Blair Annual Growth Conference at 9:00 AM ET.
Cantaloupe, Inc. (CTLP) reported its fiscal Q3 2021 results, achieving $42.8 million in revenue, up 11.7% sequentially but down 0.8% year-over-year. License and transaction fees totaled $34.7 million, with a 4.4% increase from Q2 2021. Equipment revenue soared by 59.2% from the previous quarter. Active devices grew to 1.08 million, a 3% increase YoY. The company reported a reduced operating loss of $2 million, significantly down from $10.2 million last year. Cantaloupe reiterated its full-year revenue guidance of $163 million to $171 million.
Cantaloupe (NASDAQ: CTLP) has announced a partnership with Castles Technology to offer an advanced cashless solution for unattended retail. This collaboration aims to enhance consumer experiences by leveraging digital displays and improving payment processing capabilities. Castles’ terminals meet the highest industry standards, supporting a variety of applications such as vending and kiosks. Both companies aim to reduce operational costs and boost sales through innovative technology solutions.
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