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.
Cantaloupe, Inc. (Nasdaq: CTLP) is a global technology company that focuses on self-service commerce, and its news flow reflects that focus. Company announcements highlight developments in micro-payment processing, self-checkout kiosks, connected POS systems, smart retail formats and enterprise cloud software that support unattended retail across vending, micro markets, smart stores, EV charging, laundromats, parking, amusement and entertainment venues.
News updates commonly cover financial results, where Cantaloupe reports on revenue from subscription and transaction fees and equipment sales, as well as metrics such as transaction volumes, active customers and active devices. These earnings releases often include commentary on adoption of new products, margin trends and the performance of its recurring revenue streams.
Cantaloupe also issues press releases on product launches and technology innovations, including new micro market kiosks, smart store offerings and AI-enabled tools within its SEED software suite. Announcements from trade shows and industry events describe demonstrations of smart retail solutions, card readers and software capabilities, as well as marketing and digital advertising initiatives like its AdVantage program and Vine Digital Studio.
Another recurring theme in Cantaloupe’s news is partnerships and deployments in sectors such as hospitality and sports and entertainment, where its POS and self-service technologies are used in large venues and destinations. In addition, the company publishes its Micropayment Trends Report, which analyzes transaction data from its network to highlight shifts toward cashless payments and smart retail formats.
For investors and operators following CTLP, the news stream also includes updates on corporate transactions, such as the announced agreement to be acquired by 365 Retail Markets, shareholder approvals related to that merger and subsequent regulatory and procedural milestones. Monitoring these items can provide context on both Cantaloupe’s operating trajectory and the progress of its planned transition to private ownership.
Cantaloupe, Inc (Nasdaq: CTLP) will participate in the Atlantic Coast Exposition (ACE) from October 14-16, 2021. The company’s CTO, Ravi Venkatesan, will present on October 15 about payment innovation trends in unattended retail. This panel will address the shift from cash to digital payment methods, including mobile apps and cryptocurrency. Cantaloupe is a diamond sponsor and will showcase its products at Booth #308 during the event held at Embassy Suites Kingston Plantation, Myrtle Beach, SC.
Cantaloupe Inc. (NASDAQ: CTLP) has announced that three of its executives, Elyssa Steiner, Michael Johnson, and Maxwell Elliott, have been named to Automatic Merchandiser’s inaugural 40 Under 40 award list. This award recognizes young leaders in the unattended retail industry. Steiner has a notable history in marketing; Johnson, a co-founder of Yoke Payments, has significantly impacted micro market solutions; and Elliott has been active in the vending sector. Cantaloupe's CEO, Sean Feeney, commended their achievements and leadership in driving industry innovation.
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Cantaloupe, Inc. (NASDAQ: CTLP) announced its Fiscal Year 2022 Annual Meeting of Shareholders, set for November 9, 2021, at 11 a.m. Eastern Time. Shareholders of record as of September 8, 2021 can participate by logging in with a control number provided in the proxy materials. The company specializes in digital payments and software services for the unattended retail market, aiming to enhance consumer engagement and operational control for its customers. Access to the meeting will be available via a dedicated virtual meeting website.
Cantaloupe, Inc. (CTLP) reported record fourth-quarter revenue of $49.0 million, marking a 50.2% year-over-year increase. The company's license and transaction fee revenue rose to $38.2 million, up 37.3% year over year, while equipment revenue soared by 124.5% to $10.8 million. Despite a 30.2% gross margin, down from 34.0% the prior year, operating losses narrowed to $0.5 million, significantly reduced from $10.4 million. Looking ahead, Cantaloupe forecasts fiscal year 2022 revenue between $200 million and $210 million, with expected net loss ranging from $(7) million to $(5) million.
Cantaloupe, Inc. (NASDAQ: CTLP) will participate in Lake Street’s 5th Annual Best Ideas Growth (BIG5) Conference on Tuesday, September 14, 2021. The company specializes in digital payments and software solutions for the unattended retail market, enhancing consumer engagement and operational control. Interested investors can access the presentations via the company’s investor relations website. Cantaloupe’s integrated solutions facilitate effective payments processing, logistics management, and customer loyalty programs across various unattended retail sectors.
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Cantaloupe, Inc. (Nasdaq: CTLP) recently held its inaugural Innovation Summit during The NAMA Show 2021. The summit showcased the company's strategies and cutting-edge solutions for the unattended retail market, including the enhanced Remote Price Change technology. CEO Sean Feeney emphasized ongoing innovations like mobile payments, cryptocurrency options, and touchless vending solutions. Cantaloupe also announced the acquisition of Yoke Payments, enhancing its self-checkout capabilities. The company aims to improve consumer engagement and operational efficiency.
Cantaloupe, Inc. (Nasdaq: CTLP) has acquired the assets of Delicious Nutritious LLC, known as Yoke Payments™, enhancing its offerings in the unattended retail market. Yoke's advanced point-of-sale technology will integrate with Cantaloupe's existing platforms, providing self-checkout solutions and improving logistics for micro markets. This acquisition aims to unlock new revenue streams and expand capabilities, leveraging Yoke's existing integration with over 40 major platforms. Cantaloupe's CEO stated the deal follows a successful four-year collaboration with Yoke.
Cantaloupe, Inc. (Nasdaq: CTLP) will showcase its latest innovations at the NAMA Show 2021 in New Orleans from August 18 to 20. The company will participate in various panels discussing topics such as the future of convenience services and payment acceptance trends. Key speakers include CEO Sean Feeney and CTO Ravi Venkatesan, highlighting the intersection of technology and consumer behavior in the retail space. The event aims to explore the future of unattended retail and consumer engagement strategies.
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