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) 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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