Cantaloupe Inc - CTLP STOCK NEWS

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.

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.

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.

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.

Cantaloupe, Inc. (Nasdaq: CTLP) has successfully completed the acquisition of Cheq Lifestyle Technology, Inc. This strategic investment positions Cantaloupe for expansion into the sports, entertainment, and restaurant sectors with a comprehensive suite of self-service solutions. By leveraging mobile ordering, socially connected payments, real-time reporting, and remote support, CHEQ empowers customers to streamline venue operations, increase efficiency, and boost revenue. The acquisition expands Cantaloupe’s addressable market into solutions for sport stadiums, entertainment venues, festivals, hospitality, theme parks, full-service & fast-casual restaurants, and more. The acquisition highlights the comprehensive line of offerings, including enterprise-grade POS platform, omnichannel solutions, socially connected features, and team and venue customizations.

Cantaloupe, Inc. (Nasdaq: CTLP) will host a webcast to discuss its financial results for the second quarter of fiscal year 2024 on February 8, 2024. The press release will be issued at 4:05 p.m. Eastern Time, followed by a live webcast at 5:00 p.m. Eastern Time. The webcast can be accessed on the company's website, and a replay will be available. Investors can register to join the live call and ask questions.

Cantaloupe, Inc. (NASDAQ: CTLP) will be showcasing its AI-powered Smart Café at NRF '24, Retail's Big Show. The Smart Café aims to revolutionize retail security and consumer access to products and food. Cantaloupe also plans to introduce self-service solutions for broader retail applications at the event, emphasizing product security and consumer convenience. The company has a 30+ year history in the self-service industry, powering 1.15 million locations worldwide with payments and software solutions for self-service commerce.

Canteen of Northern California (CNC) has gone all-in with Cantaloupe, Inc. (NASDAQ: CTLP), a digital payments and software services company, deploying state-of-the-art vending and micro market technology alongside the integration of Cantaloupe’s cutting-edge Seed software platform into its operations. CNC, a well-established vending operator serving Sonoma, Napa, and Marin counties, marks a major customer acquisition in the mid-market category for Cantaloupe. The company, operating approximately 550-560 vending machines and 20 micro markets, has taken a bold step in becoming the first Canteen franchise to go 'all-in' with Cantaloupe’s solutions. This comprehensive transition to Cantaloupe’s products and services started in October 2022, and includes a complete changeover to Cantaloupe’s G11 card readers, the implementation of the Seed Pro vending management system, and the replacement of previous micro market equipment with the Cantaloupe Go line of kiosks. Additionally, CNC is working to add Cantaloupe’s Cooler CaféTM in certain locations to expand its offerings to current customers.

Cantaloupe, Inc. (NASDAQ: CTLP) releases Seed Analytics and Seed Intelligence, premium analytics tools in its Seed Pro software platform. Tailored for vending operators, these tools provide real-time data for improved decision-making and operational efficiency, transforming the way operators leverage data for business growth.