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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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