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Dec 31, 2021
Cantaloupe Q2 2022 Earnings Report
Reported record revenues, driven by subscription and transaction fees and equipment revenue increase.
Key Takeaways
Cantaloupe, Inc. reported a record quarterly revenue of $51.1 million for the second quarter of 2022, a 33% increase year over year. This growth was fueled by a 24% increase in subscription and transaction fees and a 95% increase in equipment revenue.
Total Dollar Volumes of Transactions increased 31% year-over-year to $555.3 million.
Subscription and transaction fees increased 24% year-over-year to $41.2 million.
Equipment sales increased 95% year-over-year to $9.9 million.
Active Customers increased 16% year-over-year to 21,315 and Active Devices increased approximately 4% to 1.12 million.
Cantaloupe
Cantaloupe
Cantaloupe Revenue by Segment
Revenue by Segment
Subscription and Transaction Fees Revenue
CapyFin.comEquipment Sales Revenue
CapyFin.com Forward Guidance
The Company remains confident in its previously issued guidance for full fiscal year 2022.
Positive Outlook
- Revenue to be between $200 million and $210 million, representing a 20% to 26% increase year over year
- Adjusted EBITDA to be between $8.5 million and $10.5 million, a 12% to 38% increase year over year
Challenges Ahead
- U.S. GAAP Net loss applicable to common shares to be between $(7) million and $(5) million
Revenue & Expenses
Visualization of income flow from segment revenue to net income