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Dec 31, 2023
Cantaloupe Q2 2024 Earnings Report
Reported second quarter fiscal year 2024 financial results, featuring revenue of $65.4 million and net income applicable to common shares of $3.1 million.
Key Takeaways
Cantaloupe, Inc. reported a 7% year-over-year increase in revenue, reaching $65.4 million for the second quarter of fiscal year 2024. The company's net income applicable to common shares was $3.1 million, or $0.04 per share, compared to a net loss in the prior year quarter. Gross margin improved to 37.2% driven by growth in subscription and transaction fees margins.
Revenue reached $65.4 million, a 7% increase year-over-year.
Net income applicable to common shares was $3.1 million, or $0.04 per share.
Gross margin improved to 37.2% compared to 30.1% in the prior year quarter.
Adjusted EBITDA was $8.5 million compared to $3.9 million in the prior year quarter.
Revenue by Segment
Forward Guidance
Cantaloupe reiterates its full fiscal year 2024 outlook.
Positive Outlook
- Total Revenue to be between $275 million and $285 million
- The combination of Subscription and Transaction Fees to be between $234 million and $242 million
- Total 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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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