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Cantaloupe (CTLP)
NASDAQ:CTLP
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.05Last Year’s EPS
$0.04Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 2.79%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with significant revenue growth, improved margins, and successful international expansion. However, challenges were noted with increased operating expenses and a decline in equipment revenue, which were offset by strategic investments and product innovation.Company Guidance
During the Cantaloupe Q1 2025 earnings call, the company provided robust guidance, reflecting strong financial performance and strategic growth initiatives. Total revenue for Q1 increased by 13% year-over-year to $70.8 million, driven by an 18% growth in transaction revenue and 12% growth in subscription revenue. The adjusted gross margin improved to 40.7%, with adjusted EBITDA reaching $9 million, marking a 14% increase from the previous year. The company reported net income of $3.3 million, translating to $0.04 diluted earnings per share. For fiscal year 2025, Cantaloupe reiterated its guidance, expecting total revenue between $308 million and $322 million, and adjusted EBITDA in the range of $44 million to $52 million. The company's strategic focus on expanding its international footprint and enhancing operational efficiencies underpins these projections, with anticipated transaction and subscription revenue growth of 15% to 20%.Strong Revenue Growth
Total revenue increased 13% year-over-year to $70.8 million, driven by 18% year-over-year transaction revenue growth and 12% year-over-year subscription revenue growth.
Improved Gross Margin
Total adjusted gross margin for the quarter was 40.7%, up from 38.8% in the same quarter last year.
International Expansion Success
Continued growth in the U.K./EMEA region and LAC region, adding multiple new customers for cashless payment and micro market services.
Innovation in Product Offerings
Launched new products like Suites, a premium suite management system, and updated the Seed vending management software platform.
Smart Stores Adoption
Early success with Cantaloupe Smart Stores; significant adoption in various markets, reducing theft and enhancing customer experience.
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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 |
|---|---|---|---|
| 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% |
| Feb 08, 2024 | $6.80 | $6.28 | -7.65% |
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 Jan 30, 2025, TBA Not Confirmed.
What is Cantaloupe (CTLP) earnings time?
Cantaloupe (CTLP) earnings time is at Jan 30, 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 (Q2) is $0.05.
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