Cantaloupe Inc Stock Price, News & Analysis

Cantaloupe, Inc (NASDAQ: CTLP) will host a webcast on February 7, 2023, at 5:00 p.m. Eastern Time to discuss its Q2 fiscal year 2023 financial results. The results will be revealed in a press release issued at 4:00 p.m. Eastern Time on the same day. Investors can access the live webcast through the company’s Investor Relations section. Notably, Cantaloupe specializes in digital payments and software solutions for self-service businesses, enhancing operational control and consumer engagement.

Cantaloupe, Inc. (NASDAQ: CTLP) appointed Anna Novoseletsky as Chief Legal and Compliance Officer & General Counsel, effective January 17, 2023. Novoseletsky brings extensive experience in global payments and compliance, previously serving at Discover Financial Services as VP & Associate General Counsel. Her expertise will enhance Cantaloupe's focus on international expansion and regulatory needs as the company continues to grow. With degrees from renowned law schools, she has a solid background in legal frameworks essential for the payments industry, having practiced law in various capacities across the globe.

Cantaloupe, Inc. (NASDAQ: CTLP) has been selected by Sodexo’s InReach to provide its hardware and technology platform, with plans to upgrade 18 branches, 18,800 vending machines, and 1,200 micro markets to the Seed platform. This partnership aims to enhance cashless payments and operational visibility. The Seed platform will empower InReach to achieve aggressive growth targets by improving operational efficiency and streamlining business processes across all locations.

Cantaloupe announced its acquisition of Three Square Market (32M) for $41 million, enhancing its position in the micro market industry. The deal aims to expand Cantaloupe’s geographic reach, adding nearly 3000 new locations across North America and Europe. This acquisition is expected to be immediately accretive to Cantaloupe's growth and profitability. 32M, which is integrated with Cantaloupe's Seed Markets software platform, is projected to generate $19 million in revenue with EBITDA margins exceeding 20% in 2022.

Cantaloupe, Inc. (NASDAQ: CTLP) will host an Investor Day on December 12, 2022, at 1:00 PM ET at the Nasdaq MarketSite in Times Square, New York. During this event, senior management will discuss the company’s growth strategies, financials, and key business initiatives. Interested attendees can register via email at cantaloupeIR@icrinc.com. The event will also be available via live webcast on the company's website, with a replay accessible after the presentations conclude.

Cantaloupe, Inc. (Nasdaq: CTLP) reported a 26% year-over-year revenue increase for Q1 2023, totaling $57.8 million. Key drivers included record transaction revenue of $31.3 million, up 18%, and equipment sales soaring 108% to $10.7 million. However, gross margin decreased to 24.5% due to costs related to AWS migration and higher component prices. Cantaloupe reiterates its FY 2023 revenue guidance of $225 million to $235 million, projecting growth in transaction fees and subscription fees.

Despite a net loss of $8.9 million, the company noted a 21% rise in active customers, totaling 25,019.

Cantaloupe, Inc. (NASDAQ:CTLP), a digital payments and software services provider for the unattended retail market, has announced its participation in two upcoming investor conferences. On November 15, 2022, the company will host meetings at the Citi 2022 Global FinTech Conference in New York, NY. The following day, it will partake in a fireside chat at the Stephens Annual Investment Conference in Nashville, TN, starting at 12:00 PM CT. Investors can access presentations via the company's investor relations website.

Cantaloupe, Inc. (NASDAQ: CTLP) announced a webcast to discuss its financial results for Q1 FY2023, scheduled for November 7, 2022, at 5:00 p.m. Eastern Time. The press release detailing these results will be issued at 4:00 p.m. Eastern Time on the same day. Cantaloupe provides technology solutions for the unattended retail sector, enhancing consumer engagement and sales revenue through integrated payment processing and management solutions. Access the webcast via their Investor Relations webpage.

Cantaloupe, Inc. (NASDAQ: CTLP) has postponed its Virtual Fiscal Year 2023 Annual Meeting of Shareholders from November 9, 2022, to November 30, 2022. The postponement is due to a delay in filing its Annual Report on Form 10-K for the fiscal year ending June 30, 2022, which was filed on October 19, 2022. Shareholders of record as of September 8, 2022, will have the opportunity to vote and submit questions electronically during the meeting. The proxy materials will be accessible on Cantaloupe's Investor Relations website.