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Cantaloupe (CTLP)
NASDAQ:CTLP
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.09Last Year’s EPS
0.06Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 21.68%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, improved gross margins, and increased EBITDA, driven by successful expansions in micro markets and smart stores, as well as international wins. However, there were challenges such as a decline in equipment revenue and increased operating expenses. Overall, the positive aspects outweighed the negatives, leading to a generally optimistic outlook.Company Guidance
During Cantaloupe's fiscal year 2025 second-quarter earnings call, several key metrics were highlighted. The company reported a 13% year-over-year increase in total revenue, reaching $73.7 million, driven by 17% growth in transaction revenue and 14% growth in subscription revenue. The adjusted gross margin improved to 41.7% from 37.2% the previous year. Adjusted EBITDA rose 26% to $10.7 million. The company also noted an increase in active customers to over 32,000 and 1.3 million active devices. Equipment revenue, however, saw a 7% decline. Cantaloupe reaffirmed its fiscal year 2025 guidance, projecting total revenues between $308 million and $322 million, and adjusted EBITDA between $44 million and $52 million. The company continues to focus on scaling operations internationally and refining its go-to-market strategy.Significant Revenue Growth
Total revenue increased 13% year over year to $73.7 million, driven by 17% year-over-year transaction revenue growth and 14% year-over-year subscription revenue growth.
Improved Gross Margins
Total adjusted gross margin for the quarter was 41.7%, compared to 37.2% in the same quarter last year.
Increased EBITDA
Adjusted EBITDA for Q2 was $10.7 million, a 26% increase compared to the prior year.
Expansion in Micro Markets and Smart Stores
Continued growth in micro markets and smart store deployments, including a new agreement with Premier Foodservice and significant sales in the Smart Store series.
New International Wins
Secured new international customers in the UK and Mexico, expanding the company's footprint outside the US.
Launch of Cantaloupe Capital
Launched microlending services to help customers expand their business, aimed at addressing capital constraints for SMBs.
Strong Point of Sale Implementation
Added the San Jose Earthquakes at PayPal Park as a point of sale provider, including a suite management platform for stadium guest experiences.
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CTLP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CTLP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $8.67 | $9.84 | +13.49% |
| Nov 07, 2024 | $9.32 | $8.87 | -4.83% |
| Sep 10, 2024 | $6.39 | $6.24 | -2.35% |
| May 09, 2024 | $5.85 | $6.74 | +15.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cantaloupe (CTLP) report earnings?
Cantaloupe (CTLP) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Cantaloupe (CTLP) earnings time?
Cantaloupe (CTLP) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTLP EPS forecast?
CTLP EPS forecast for the fiscal quarter 2025 (Q3) is 0.09.
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