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Cantaloupe, Inc. - CTLP STOCK NEWS

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.

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Cantaloupe, Inc. (NASDAQ: CTLP) is enhancing Essentially Organic's vending and micro market operations through its Seed platform. This collaboration marks a significant upgrade as Essentially Organic transitions to Cantaloupe's comprehensive technology solutions, including Seed Pro, Seed Office, Seed Markets, and Seed Delivery. The Seed platform streamlines operations by managing accounts on a single interface, providing real-time insights and reducing service routes from five to three. The onboarding process has been quick and efficient, facilitating a seamless transition for Essentially Organic, which has been a partner for over a decade.

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Cantaloupe, Inc. (NASDAQ: CTLP) is enhancing accessibility in self-service technology with its The 46 kiosk, designed for individuals with mobility challenges and vision impairments. This kiosk features a 46-inch screen compliant with Americans with Disabilities Act (ADA) height standards, an adjustable height button, and integrated audio and visual aids. The focus on accessibility differentiates Cantaloupe in competitive RFPs. Customers like Patrick Martin emphasize the kiosk's usability for various age groups. Chris Ingram, an accessibility expert, highlights its ease of use, demonstrating Cantaloupe's commitment to creating inclusive self-service solutions.

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Cantaloupe, Inc. (Nasdaq: CTLP) reported a strong second quarter with revenue of $61.3 million, reflecting a 20% year-over-year increase. Key figures include $32.4 million in transaction fees (up 21%), $16.5 million in subscription fees (up 15%), and equipment sales of $12.4 million (up 25%). Despite a net loss of $573,000 or $(0.01) per share, adjusted EBITDA rose to $3.9 million. The acquisition of Three Square Market was completed, enhancing the company's market presence. Looking ahead, Cantaloupe maintains its fiscal year 2023 revenue guidance of $240 million to $250 million.

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Cantaloupe, Inc. (NASDAQ: CTLP) announced that Buffalo Rock Company, a leading Pepsi and Dr Pepper bottler in the U.S., has fully integrated Cantaloupe's Seed platform to enhance operational efficiency. Buffalo Rock operates over 9,000 vending machines and multiple micro markets across Alabama, Georgia, and Florida. The Seed platform allows Buffalo Rock to optimize route scheduling, reduce product returns, and improve service levels by dynamically managing inventory. Following a successful pilot in 2022, the partnership aims to further strengthen Buffalo Rock's supply chain operations, enhancing customer satisfaction and service delivery.

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Cantaloupe, Inc (NASDAQ: CTLP) will host a webcast on February 7, 2023, at 5:00 p.m. Eastern Time to discuss its Q2 fiscal year 2023 financial results. The results will be revealed in a press release issued at 4:00 p.m. Eastern Time on the same day. Investors can access the live webcast through the company’s Investor Relations section. Notably, Cantaloupe specializes in digital payments and software solutions for self-service businesses, enhancing operational control and consumer engagement.

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Cantaloupe, Inc. (NASDAQ: CTLP) appointed Anna Novoseletsky as Chief Legal and Compliance Officer & General Counsel, effective January 17, 2023. Novoseletsky brings extensive experience in global payments and compliance, previously serving at Discover Financial Services as VP & Associate General Counsel. Her expertise will enhance Cantaloupe's focus on international expansion and regulatory needs as the company continues to grow. With degrees from renowned law schools, she has a solid background in legal frameworks essential for the payments industry, having practiced law in various capacities across the globe.

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Cantaloupe, Inc. (NASDAQ: CTLP) has been selected by Sodexo’s InReach to provide its hardware and technology platform, with plans to upgrade 18 branches, 18,800 vending machines, and 1,200 micro markets to the Seed platform. This partnership aims to enhance cashless payments and operational visibility. The Seed platform will empower InReach to achieve aggressive growth targets by improving operational efficiency and streamlining business processes across all locations.

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Cantaloupe announced its acquisition of Three Square Market (32M) for $41 million, enhancing its position in the micro market industry. The deal aims to expand Cantaloupe’s geographic reach, adding nearly 3000 new locations across North America and Europe. This acquisition is expected to be immediately accretive to Cantaloupe's growth and profitability. 32M, which is integrated with Cantaloupe's Seed Markets software platform, is projected to generate $19 million in revenue with EBITDA margins exceeding 20% in 2022.

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Cantaloupe, Inc. (NASDAQ: CTLP) will host an Investor Day on December 12, 2022, at 1:00 PM ET at the Nasdaq MarketSite in Times Square, New York. During this event, senior management will discuss the company’s growth strategies, financials, and key business initiatives. Interested attendees can register via email at cantaloupeIR@icrinc.com. The event will also be available via live webcast on the company's website, with a replay accessible after the presentations conclude.

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Cantaloupe, Inc. (Nasdaq: CTLP) reported a 26% year-over-year revenue increase for Q1 2023, totaling $57.8 million. Key drivers included record transaction revenue of $31.3 million, up 18%, and equipment sales soaring 108% to $10.7 million. However, gross margin decreased to 24.5% due to costs related to AWS migration and higher component prices. Cantaloupe reiterates its FY 2023 revenue guidance of $225 million to $235 million, projecting growth in transaction fees and subscription fees.

Despite a net loss of $8.9 million, the company noted a 21% rise in active customers, totaling 25,019.

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FAQ

What is the current stock price of Cantaloupe (CTLP)?

The current stock price of Cantaloupe (CTLP) is $9.16 as of November 4, 2024.

What is the market cap of Cantaloupe (CTLP)?

The market cap of Cantaloupe (CTLP) is approximately 672.9M.

What does Cantaloupe, Inc. specialize in?

Cantaloupe, Inc. specializes in cloud-based technologies for the unattended retail industry, focusing on cashless payments, dynamic route scheduling, real-time pre-kitting, merchandising, and inventory management.

How does Cantaloupe, Inc. generate revenue?

The company generates revenue primarily from subscription and transaction fees, as well as from the sale or lease of equipment and services to the small ticket, unattended POS market.

What industries does Cantaloupe, Inc. serve?

Cantaloupe serves a variety of industries including car wash, transportation, laundry, vending, kiosk, amusement, and arcade.

How many customers does Cantaloupe, Inc. have?

Cantaloupe, Inc. has more than 400 customers.

What are some key products offered by Cantaloupe, Inc.?

Key products include ePort Cashless devices, eSuds, EnergyMisers, and value-added services such as Loyalty and Prepaid programs, and Intelligent Vending.

What recent achievements has Cantaloupe, Inc. made?

Recent achievements include connecting over 400,000 machines and helping vending operators increase revenue and streamline their operations.

What is the benefit of Cantaloupe, Inc.'s solutions for vending operators?

Cantaloupe's solutions offer full control and visibility over operations, inventory, and personnel, leading to increased revenue, greater route efficiencies, and streamlined back office administration.

How does Cantaloupe, Inc.'s technology help in inventory management?

Cantaloupe's technology provides real-time data on inventory, which helps in efficient stock management and reduces the chances of stockouts or overstocking.

Can Cantaloupe, Inc.'s solutions be accessed via mobile devices?

Yes, all of Cantaloupe's integrated solutions are accessible by any mobile device.

Where can I learn more about Cantaloupe, Inc.?

Additional information about Cantaloupe, Inc. and its solutions can be found at www.cantaloupesys.com.

Cantaloupe, Inc.

Nasdaq:CTLP

CTLP Rankings

CTLP Stock Data

672.93M
72.99M
11.25%
74.52%
3.6%
Information Technology Services
Calculating & Accounting Machines (no Electronic Computers)
Link
United States of America
MALVERN