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) 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.
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.
Cantaloupe announced its acquisition of Three Square Market (32M) for
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.
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.
Cantaloupe, Inc. (NASDAQ:CTLP), a digital payments and software services provider for the unattended retail market, has announced its participation in two upcoming investor conferences. On November 15, 2022, the company will host meetings at the Citi 2022 Global FinTech Conference in New York, NY. The following day, it will partake in a fireside chat at the Stephens Annual Investment Conference in Nashville, TN, starting at 12:00 PM CT. Investors can access presentations via the company's investor relations website.
Cantaloupe, Inc. (NASDAQ: CTLP) announced a webcast to discuss its financial results for Q1 FY2023, scheduled for November 7, 2022, at 5:00 p.m. Eastern Time. The press release detailing these results will be issued at 4:00 p.m. Eastern Time on the same day. Cantaloupe provides technology solutions for the unattended retail sector, enhancing consumer engagement and sales revenue through integrated payment processing and management solutions. Access the webcast via their Investor Relations webpage.
Cantaloupe, Inc. (NASDAQ: CTLP) has postponed its Virtual Fiscal Year 2023 Annual Meeting of Shareholders from November 9, 2022, to November 30, 2022. The postponement is due to a delay in filing its Annual Report on Form 10-K for the fiscal year ending June 30, 2022, which was filed on October 19, 2022. Shareholders of record as of September 8, 2022, will have the opportunity to vote and submit questions electronically during the meeting. The proxy materials will be accessible on Cantaloupe's Investor Relations website.
Cantaloupe, Inc. (NASDAQ: CTLP) has received a notification from Nasdaq regarding non-compliance due to the failure to file its Annual Report on Form 10-K for the fiscal year ending June 30, 2022. Although this notice does not immediately affect the company's stock listing, failure to resolve the compliance issue within 60 days could result in delisting. Cantaloupe plans to file the Form 10-K within the next few weeks, which, if done within the grace period, may allow them to avoid submitting a compliance plan.
Cantaloupe, Inc. (CTLP) announced it will not file its Annual Report on Form 10-K for the fiscal year ending June 30, 2022, on time, due to ongoing audits of internal controls over financial reporting. The company expects to report three material weaknesses in its internal controls, including issues related to information technology, revenue controls, and risk assessment. Despite these challenges, Cantaloupe anticipates no material changes to previously announced financial results for 2022, and it aims to file the report within two to three weeks.
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