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Cantaloupe, Inc. - $CTLP STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cantaloupe's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cantaloupe's position in the market.

Rhea-AI Summary

Cantaloupe, a leading provider of self-service commerce technology, will debut at the National Restaurant Association Show from May 18-21, 2024, in Chicago. The company will showcase its innovative solutions, including the CHEQ point-of-sale (POS) platform, which offers mobile-first payment solutions for stadiums, venues, festivals, and hotels.

CHEQ's platform features mobile ordering, pick-up points, express kiosks, and a social gifting marketplace. Other products on display will include the CHEQ Handheld for on-the-go payments, a Smart Café with AI-powered cameras for seamless transactions, and Micro Markets for hotel pantries, turning pantry spaces into self-service markets. These solutions aim to enhance customer experiences by increasing convenience, efficiency, and sales revenue.

Attendees can visit Cantaloupe's booth #6672 to experience these technologies firsthand.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.93%
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Rhea-AI Summary

Cantaloupe, Inc. (NASDAQ:CTLP) will be participating in several upcoming investor conferences featuring key executives such as the CFO, CRO, and CEO. The Company will engage in 1x1s, small group meetings, and fireside chats to showcase their end-to-end technology solutions for self-service commerce.

Rhea-AI Impact
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-5.49%
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conferences
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Rhea-AI Summary

Cantaloupe, Inc. (Nasdaq: CTLP) reported strong third quarter fiscal year 2024 results with revenue of $67.9 million, driven by 15.5% growth in subscription and transaction fees. Net income was $4.4 million, and adjusted EBITDA reached $10.2 million. The company showed significant growth in cashless and touchless payments, expanding domestically and internationally. Despite slower subscription revenue growth, transaction revenue exceeded expectations. Cantaloupe acquired CHEQ, partnered with Turbo Air and Imbera, and held its annual user conference.

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End-of-Day
15.21%
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Rhea-AI Summary

Cantaloupe, Inc. partners with Innovative DisplayWorks (IDW) to manufacture the Cooler Café, transforming standard coolers into smart coolers using Cantaloupe's Smart Lock Connect technology and P30 card readers. This strategic partnership aims to revolutionize consumer interactions with coolers, providing convenience, innovation, and growth opportunities.

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1.02%
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partnership
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Rhea-AI Summary

Cantaloupe, Inc. (CTLP) will showcase its innovative technology solutions at the NAMA 2024 Show, including the CHEQ point-of-sale platform and smart cooler technology utilizing AI and age verification. The company aims to revolutionize the self-service industry by offering cutting-edge solutions for seamless mobile ordering, convenient pick-up points, and express kiosks. Cantaloupe will also highlight its broad range of payment solutions tailored for international markets at the event, emphasizing its commitment to meeting the unique needs of different regions.

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-1.7%
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Rhea-AI Summary
Cantaloupe, Inc. released its 2024 Micropayment Trends Report, revealing a surge in cashless and touchless payments, and significant revenue increases for cashless payments in micro markets. The report analyzed data from 600,000 credit card readers and 13,000 kiosks, showing a rise in cashless transactions and the growth of micro markets in the convenience industry.
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-2.41%
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Rhea-AI Summary
Cantaloupe, Inc. (Nasdaq: CTLP) will report its third-quarter fiscal year 2024 financial results on May 9, 2024. The company will host a webcast at 5:00 p.m. Eastern Time to discuss the results, with a press release issued at 4:05 p.m. Eastern Time the same day. Investors can access the webcast on the company's Investor Relations website and participate in the live call to ask questions. A replay will also be available on the website.
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-2.41%
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Rhea-AI Summary
Cantaloupe, Inc. partners with Monumental Markets to streamline operations and enhance guest experience with Seed Markets platform. Monumental Markets implements Cantaloupe's Seed Markets platform across 500+ micro market & pantry locations to improve efficiency and address critical challenges. The partnership aims to optimize scheduling, reduce manual labor, and elevate the overall guest experience.
Rhea-AI Impact
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-1.59%
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Rhea-AI Summary
Pee Dee Food Service, an affiliate of Pepsi of Florence, has officially adopted Cantaloupe Micro Market Solutions, upgrading its 90 micro market kiosks to Cantaloupe technology. Cantaloupe, Inc. has been providing end-to-end technology solutions for self-service commerce and has seen an increase in operators choosing them as a single provider for hardware and software needs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.54%
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Rhea-AI Summary
Cantaloupe, Inc. (Nasdaq: CTLP) reported second quarter 2024 revenue of $65.4 million, driven by 15% year-over-year growth in subscription and transaction fees. The net income applicable to common shares was $3.1 million, with an adjusted EBITDA of $8.5 million. The gross margin for the quarter was 37.2%. The company's CEO, Ravi Venkatesan, highlighted the expansion of operating leverage and strong profitability, with a robust domestic and international pipeline.
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-7.65%
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Cantaloupe, Inc.

Nasdaq:CTLP

CTLP Rankings

CTLP Stock Data

521.32M
50.38M
9.32%
73.19%
2.37%
Computer Storage Device Manufacturing
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United States of America
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About CTLP

cantaloupe systems is the unattended retail industry’s premier provider of cloud-based technologies that deliver an integrated end-to-end solution for cashless payments, dynamic route scheduling, real-time pre-kitting, merchandising, and inventory management…all accessible by any mobile device. with a combined 100+ years of vending experience, cantaloupe systems’ expert consultation team help vending operators modernize their vending, ocs, and markets business resulting in increased revenue, greater route efficiencies and streamlined back office administration. with more than 400 customers, and four hundred thousand machines connected, cantaloupe systems’ innovative solutions give operators full control and visibility over their operations, their inventory, and their people so they can more proactively, predictably, and competitively run their business. learn more about the future of smarter vending at www.cantaloupesys.com.