Cantaloupe, Inc. ( (CTLP) ) has released its Q1 earnings. Here is a breakdown of the information Cantaloupe, Inc. presented to its investors.
Cantaloupe, Inc., a global leader in self-service commerce technology solutions, offers a comprehensive suite of services including mobile ordering and connected point of sale systems, serving sectors such as food & beverage, hospitality, and entertainment. In its first quarter fiscal year 2025 earnings report, Cantaloupe, Inc. showcased a strong performance with a 13% year-over-year revenue increase to $70.8 million, driven by significant growth in subscription and transaction revenue. The company reported a U.S. GAAP net income of $3.3 million and an adjusted EBITDA of $9.0 million, reflecting a 14.5% rise from the previous year. Notable achievements included the acquisition of SB Software to enhance its European market presence and the launch of Suites, a premium management system designed to improve hospitality suite experiences. Key financial highlights included a rise in transaction fees by 17.8% and a 9% growth in active customers. Despite a slight decline in equipment sales, the company’s subscription and transaction gross margin improved to 44.0%. Looking ahead, Cantaloupe reiterates its fiscal year 2025 guidance, projecting total revenue between $308 million and $322 million, with continued emphasis on subscription and transaction revenue growth between 15% and 20%. The company remains focused on enhancing its technological offerings and expanding its market reach.
