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Sep 30, 2023
Cantaloupe Q1 2024 Earnings Report
Reported an 8% year-over-year revenue increase, reaching $62.7 million, and a GAAP net income of $1.7 million.
Key Takeaways
Cantaloupe, Inc. reported an 8% increase in revenue for the first quarter of fiscal year 2024, reaching $62.7 million. The company also achieved a GAAP net income applicable to common shares of $1.7 million and an adjusted EBITDA of $7.8 million, demonstrating continued expansion of operating leverage and strong profitability.
Revenue increased by 8% year-over-year to $62.7 million.
Transaction fees increased by 18% year-over-year to $37.0 million.
Subscription fees increased by 15% year-over-year to $18.1 million.
GAAP net income applicable to common shares was $1.7 million, or $0.02 per share, compared to a net loss of $8.9 million, or $(0.13) per share, in the prior year quarter.
Cantaloupe
Cantaloupe
Cantaloupe Revenue by Segment
Revenue by Segment
Equipment Sales Revenue
CapyFin.com Forward Guidance
Cantaloupe reiterates its fiscal year 2024 outlook, with total revenue expected to be between $275 million and $285 million, and U.S. GAAP net income to be between $9 million and $15 million.
Positive Outlook
- Total Revenue to be between $275 million and $285 million
- The combination of Transaction and Subscription revenue to be between $234 million and $242 million
- Total U.S. GAAP net income to be between $9 million and $15 million
- Adjusted EBITDA to be between $28 million and $34 million
- Total Operating Cash Flow to be between $28 million and $38 million