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.
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Cantaloupe, Inc. (NASDAQ: CTLP) has released its 2023 Micropayment Trends Report, highlighting a significant shift towards cashless payments in the vending and amusement machine sectors. In 2022, cashless transactions accounted for 67% of food and beverage vending sales, a rise of 11% from the previous year, with total spending exceeding $2.5 billion—a 19% increase year-over-year. Notably, cashless purchases averaged $2.11 compared to $1.36 for cash. In amusement machines, cashless transactions also represented 73% of total sales, with an average ticket size of $5.32 versus $0.93 for cash sales. CEO Ravi Venkatesan emphasized the trend towards cashless systems as a driver of revenue growth in self-service retail, anticipating a further increase in cashless transactions by 6-8% in 2023.
Cantaloupe, Inc. (NASDAQ: CTLP), a digital payments and software services company, will host a webcast to discuss its financial results for Q3 FY 2023 on May 4, 2023 at 5:00 p.m. ET. A press release with the results will be released around 4:05 p.m. ET on the same day. Investors can access the live call through the company's Investor Relations section. The conference will require registration for participation, and a replay will be available afterward.
Cantaloupe, Inc. offers integrated solutions for self-service commerce, focusing on enhancing consumer engagement and improving operational efficiency for various self-service businesses.
Cantaloupe, Inc. (NASDAQ: CTLP) has expanded its partnership with GlobalConnect, North America's leading provider of contactless break room and vending services, to introduce the Bistro to Go! By Cantaloupe micro market kiosk program. This new program combines Cantaloupe's Seed software platform and Yoke self-checkout kiosks, providing a seamless user experience for consumers and a cost-effective solution for operators. The kiosks are designed for easy installation and operation, aiming for a quick return on investment. CEO Ravi Venkatesan emphasized the importance of integration for existing customers, ensuring a consistent experience with features like stored value cards and loyalty programs. The program aims to enhance GlobalConnect's branded solutions, benefitting U.S.-based affiliates.
