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), 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.
Cantaloupe is showcasing its Micro Market and Smart Cooler solutions at the Apartmentalize Show in Philadelphia from June 19-21. These technologies cater to self-service commerce in apartment buildings, offering residents convenient access to essentials like food, beverages, and household items. Elyssa Steiner, CMO of Cantaloupe, highlighted the growing demand for such amenities, noting their role in enhancing tenant satisfaction and property appeal. The Smart Cooler technology ensures secure transactions via AI and camera systems, while the Micro Markets mimic retail shopping experiences. The solutions have been successful, as exemplified by Blue Agave's deployment in California, boosting both resident satisfaction and revenue. Cantaloupe’s approach aligns with increased demand for self-service options, especially in the hybrid work era.
Cantaloupe's CHEQ point-of-sale (POS) solution has been selected as the exclusive platform for Detroit City FC at Keyworth Stadium. This partnership makes Detroit City FC the first USL team to use CHEQ's technology, which includes mobile ordering, express kiosks, and social gifting.
CHEQ will provide a seamless purchasing experience for fans, improving efficiency and engagement. The platform aims to enhance food and beverage sales, reduce wait times, and offer real-time social gifting of food and drinks. This multi-year deal starts in June 2024.
CHEQ has previously partnered with prominent sports teams and venues, including the Washington Commanders, Florida Panthers, and Inter Miami CF. Detroit City FC aims to offer a best-in-class fan experience with this innovative solution.
Cantaloupe, a leading provider of self-service commerce technology, will debut at the National Restaurant Association Show from May 18-21, 2024, in Chicago. The company will showcase its innovative solutions, including the CHEQ point-of-sale (POS) platform, which offers mobile-first payment solutions for stadiums, venues, festivals, and hotels.
CHEQ's platform features mobile ordering, pick-up points, express kiosks, and a social gifting marketplace. Other products on display will include the CHEQ Handheld for on-the-go payments, a Smart Café with AI-powered cameras for seamless transactions, and Micro Markets for hotel pantries, turning pantry spaces into self-service markets. These solutions aim to enhance customer experiences by increasing convenience, efficiency, and sales revenue.
Attendees can visit Cantaloupe's booth #6672 to experience these technologies firsthand.
Cantaloupe, Inc. (NASDAQ:CTLP) will be participating in several upcoming investor conferences featuring key executives such as the CFO, CRO, and CEO. The Company will engage in 1x1s, small group meetings, and fireside chats to showcase their end-to-end technology solutions for self-service commerce.
Cantaloupe, Inc. (Nasdaq: CTLP) reported strong third quarter fiscal year 2024 results with revenue of $67.9 million, driven by 15.5% growth in subscription and transaction fees. Net income was $4.4 million, and adjusted EBITDA reached $10.2 million. The company showed significant growth in cashless and touchless payments, expanding domestically and internationally. Despite slower subscription revenue growth, transaction revenue exceeded expectations. Cantaloupe acquired CHEQ, partnered with Turbo Air and Imbera, and held its annual user conference.
Cantaloupe, Inc. partners with Innovative DisplayWorks (IDW) to manufacture the Cooler Café, transforming standard coolers into smart coolers using Cantaloupe's Smart Lock Connect technology and P30 card readers. This strategic partnership aims to revolutionize consumer interactions with coolers, providing convenience, innovation, and growth opportunities.
Cantaloupe, Inc. (CTLP) will showcase its innovative technology solutions at the NAMA 2024 Show, including the CHEQ point-of-sale platform and smart cooler technology utilizing AI and age verification. The company aims to revolutionize the self-service industry by offering cutting-edge solutions for seamless mobile ordering, convenient pick-up points, and express kiosks. Cantaloupe will also highlight its broad range of payment solutions tailored for international markets at the event, emphasizing its commitment to meeting the unique needs of different regions.
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