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) has launched its Remote Price Change solution, part of the Seed™ platform, aimed at improving price management for vending operators. This innovative tool allows for remote price adjustments across multiple machines, helping businesses adapt to rising supplier costs and inflation. The capability reduces the average cost of manual price changes, previously estimated at
Cantaloupe, Inc. (NASDAQ: CTLP) is transforming the unattended retail market through its Seed platform, benefiting operators like Continental Services. Since implementing Seed in September 2020, Continental Services has experienced a 15% increase in average revenue per route. The partnership facilitates seamless business integration following acquisitions, such as Coin Op Canteen. Cantaloupe’s solutions enhance operational visibility, efficiency, and profitability. The company’s focus remains on delivering quick, flexible, and valuable insights via their integrated technology solutions.
Cantaloupe Inc. (NASDAQ:CTLP) announced its participation in several investor conferences. On May 19, 2022, it will hold 1x1s at the Barrington Research Virtual Spring Conference. On May 25, 2022, the company will engage in a fireside chat at the JP Morgan 50th Annual Global Technology, Media and Communications Conference in Boston, starting at 2:30 PM ET. Additionally, on June 1, 2022, Cantaloupe will host 1x1s at the Craig Hallum Virtual Institutional Investor Conference, followed by a fireside chat at the William Blair Annual Growth Conference in Chicago on June 9, 2022, at 11:20 AM ET.
Cantaloupe, Inc. (CTLP) reported robust fiscal results for Q3 2022, achieving an 18% revenue increase to $50.3 million, driven by a 31% rise in transaction fees. Total transaction volumes reached $562 million, up 36% year-over-year. Operating income improved to $0.9 million, compared to a $2.0 million loss last year. Net income applicable to common shares was $1.8 million, or $0.03 per share, reversing a net loss of $2.2 million. Adjusted EBITDA surged 68% to $3.7 million. The company expects FY 2022 revenue of $200-210 million, reflecting a 20-26% year-over-year increase.
Cantaloupe, Inc. (Nasdaq: CTLP) will host a webcast and conference call on May 5, 2022, at 5:00 p.m. Eastern Time, to discuss its Q3 fiscal results. A press release with the financial data will be issued around 4:00 p.m. Eastern Time on the same day. Participants can join the call by dialing +1 (866) 393-1608 or +1 (224) 357-2194 for international callers, with conference ID #5389692. The call will be available for replay from 8:00 p.m. Eastern Time on May 5 until May 8.
Cantaloupe Inc. (NASDAQ: CTLP) has partnered with Vendors Exchange to integrate their Universal Control Board into Cantaloupe's Remote Price Change (RPC) solution, enhancing the management of pricing for the unattended retail market. This feature allows operators to update prices remotely via the Seed Pro™ software, thus saving time and reducing operational costs, which currently average $100 per service visit. The RPC solution will enable dynamic pricing adjustments in response to inflationary pressures and supplier cost fluctuations.
Cantaloupe, Inc. (NASDAQ: CTLP) announced its participation in the NAMA Show 2022 from April 6-8 in Chicago, showcasing innovative products for the unattended retail market. Key offerings include the HIVERY Enhance™ Integration, ePort® Engage Series, and enhancements to Seed™ technology. CEO Sean Feeney highlighted the company's focus on meeting evolving consumer expectations and providing operators with necessary tools in a post-pandemic world. Cantaloupe's leadership will also engage in industry discussions to shape the future of the unattended retail landscape.
Cantaloupe, Inc. (NASDAQ: CTLP) has introduced the ePort Engage Combo, an advanced digital payment solution for the unattended retail market. This device combines a card reader, telemeter, and touchscreen in one unit, fitting over existing bill acceptors. It supports various payment methods, including cash, EMV chip, and mobile wallets, enabling retailers to enhance consumer interaction. Following the shipment of over 14,000 ePort Engage devices in the second fiscal quarter, the company aims to facilitate seamless payment experiences for autonomous retail.
Cantaloupe, Inc. (NASDAQ: CTLP) has launched the Cantaloupe ONE Platform™, a new platform-as-a-service model designed for autonomous retailers. This innovative model supports businesses by eliminating upfront hardware costs and reducing the risks associated with hardware obsolescence. The service features fixed monthly fees, an initial 36-month commitment, and the flexibility to bundle in additional software services. CEO Sean Feeney highlighted the platform's role in helping retailers adapt to evolving technology needs without significant capital expenditures.
Cantaloupe, Inc. (NASDAQ: CTLP) has launched the Seed Warehouse App, enhancing its digital payment and software services for the unattended retail market. This mobile and tablet-optimized platform streamlines inventory management, enabling users to scan barcodes, track purchases, and manage cross-warehouse transfers. The app, included with Seed Office at no extra cost, aims to reduce human error and waste, ultimately improving operational efficiencies across distribution centers. Early users report significant time savings and better data integrity.
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