Cantaloupe Inc - CTLP STOCK NEWS

Cantaloupe (Nasdaq: CTLP), a global provider of end-to-end technology solutions for self-service commerce, has scheduled its third quarter fiscal year 2025 financial results announcement for May 8, 2025. The company will release its financial results press release at approximately 4:05 p.m. Eastern Time, followed by a management-hosted webcast at 5:00 p.m. Eastern Time to discuss the results.

Investors can access the live webcast through the company's Investor Relations website section. To participate in the live call and Q&A session, participants need to register in advance to receive dial-in information and a unique PIN. A replay of the conference call will be made available on the company's Investor Relations website.

Cantaloupe (NASDAQ: CTLP) has launched Go Micro, a new affordable self-service micro market kiosk designed to help operators start or scale their micro market business. The device features a compact footprint with an integrated barcode scanner and five-inch touchscreen for seamless checkout experiences.

The Go Micro is fully integrated with Cantaloupe Go and Seed Markets platforms, allowing operators to manage all markets on a single platform. Its versatile form factor enables installation in various spaces, including future mounting capability on Cantaloupe's Cooler Café units.

According to Gaurav Singal, Cantaloupe's CTO, the Go Micro aims to break down cost barriers for starting micro markets, offering a significantly lower price point compared to traditional solutions that typically cost six to seven thousand dollars. The product targets small business owners starting their first micro market or existing customers seeking secondary checkout options at busy locations.

Cantaloupe (CTLP) reported strong Q2 FY2025 results with revenue increasing 12.8% year-over-year to $73.7 million. The growth was primarily driven by subscription and transaction revenue, which grew 16% YoY. Transaction fees reached $44.4 million (+17.2%), while subscription fees hit $20.7 million (+14.1%).

The company achieved net income of $5.0 million ($0.07 per diluted share), up from $3.1 million in the prior year quarter. Total transaction dollar volumes grew 15.5% to $843.1 million, with transaction volume increasing 4.6% to 299.8 million. Adjusted EBITDA improved 25.7% to $10.7 million.

Notable business highlights include the launch of AdVantage program for digital advertising and Smart Store solutions. Active customers increased 9.6% to 32,909, while active devices grew 3.5% to 1.27 million. The company reiterated its FY2025 guidance, projecting revenue between $308-322 million and net income of $22-32 million.

Cantaloupe (NASDAQ: CTLP) announces the launch of Cantaloupe Capital, a new financing platform developed in collaboration with Fundbox to provide small businesses in self-service retail with streamlined access to capital. The platform addresses significant financing challenges faced by small businesses, as highlighted by the 2024 Federal Reserve Small Business Startup Credit Survey, which shows only 43% of startup small businesses with employees and 29% of owner-operated startups received traditional funding.

The platform offers key features including a streamlined online application process, rapid funding decisions, transparent interest rates, flexible repayment terms, and comprehensive support for equipment purchases and working capital needs. This initiative aims to break down funding barriers for owner-operators, enabling them to invest in new equipment, manage seasonal fluctuations, and capitalize on growth opportunities in the self-service retail space.

Cantaloupe (Nasdaq: CTLP), a global provider of end-to-end technology solutions for self-service commerce, has announced its upcoming second quarter fiscal year 2025 financial results release and webcast. The company will issue a press release with financial results on February 6, 2025 at approximately 4:05 p.m. Eastern Time, followed by a management-hosted webcast at 5:00 p.m. Eastern Time to discuss the results.

Investors can access the live webcast through the company's Investor Relations website section. Those wishing to participate in the live call and Q&A session must register to receive dial-in information and a unique PIN. A replay of the conference call will be available afterward on the company's Investor Relations website.

Cantaloupe (NASDAQ: CTLP) has launched Engage Pulse, a new card reader designed for the arcade and amusement industry. The device features a ladder pricing interface allowing players to purchase multiple plays in a single transaction, modernizing the payment experience.

According to Cantaloupe's 2024 Micropayment Trends Report, consumers spent over $100 million at amusement machines in 2023, with 63% coming from cashless transactions. The average cashless purchase value was $6.13 compared to $0.81 for cash purchases.

Early adopters have reported significant results, with one customer seeing crane game sales increase by 85% year-over-year in two months. The Engage Pulse features a 3.5-inch color touchscreen, cashless payment acceptance, and seamless integration with Cantaloupe's Seed Live platform.

Cantaloupe (NASDAQ: CTLP) has secured a partnership with the San Jose Earthquakes to become the exclusive point-of-sale (POS) provider at PayPal Park stadium for all games and events, starting in the 2025 season. The agreement includes implementation of Cantaloupe's next-gen POS technology solutions and Suites premium management system.

The partnership aims to enhance fan experience through advanced payment technology, focusing on increasing food and beverage sales, speeding up transaction times, and driving customer engagement. The Suites platform will enable suite owners to manage pre-orders efficiently. Cantaloupe's selection was influenced by its successful track record with other MLS teams across the U.S.

Cantaloupe Inc (Nasdaq: CTLP) has launched its new Smart Store Series, featuring the Smart Store 600 and 700 models. These self-service retail solutions aim to address key challenges including labor shortages and theft while maintaining seamless consumer experience.

The Smart Stores work through a secure system where customers present payment at POS to unlock the unit, select items tracked by weighted-shelves and cameras, and complete their purchase. The technology features touchscreens, audio assistance, and integrates with Cantaloupe's platform for inventory management.

Early adopters report significant benefits, with GALLS noting improved military base retail accessibility and Barrett Vending reporting theft reduction from 12% to 0% at a car dealership installation. The solution is available in the US and Canada, with planned expansion to UK and Mexico.

Cantaloupe Inc (Nasdaq: CTLP) has been selected as the official point-of-sale (POS) partner for Christmas Around the World, a holiday festival in Northeast Ohio running from November 29 through January 4, 2025. The event, expected to draw over 100,000 attendees at Lake Erie Crushers Stadium in Avon, will utilize Cantaloupe's mobile handheld POS devices to support hundreds of vendors. The devices feature rapid transaction processing, accept all major payment types including Apple Pay and Google Pay, and come equipped with Wi-Fi, LTE connectivity, barcode reader, and printer capabilities.