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) delivers innovative cloud-based payment solutions for unattended retail markets worldwide. This dedicated news hub provides investors and industry professionals with timely updates on the company's financial developments, technological advancements, and market strategies.
Access official press releases covering earnings reports, product launches, and strategic partnerships. Stay informed about CTLP's leadership in cashless payment systems, mobile-enabled POS solutions, and subscription-based management platforms serving vending operators, transportation services, and smart retail environments.
Our curated collection features essential updates including regulatory filings, executive appointments, and technology integrations. Discover how CTLP's wireless payment devices and real-time inventory systems continue transforming micro-transaction ecosystems across multiple industries.
Bookmark this page for continuous access to verified corporate communications and analysis-neutral reporting on Cantaloupe Inc's operational milestones.
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.
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.
