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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.
Cantaloupe
Cantaloupe
Cantaloupe Revenue by Segment
Revenue by Segment
Subscription and Transaction Fees Revenue
CapyFin.comEquipment Sales Revenue
CapyFin.com 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