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Mar 31, 2021
Cantaloupe Q3 2021 Earnings Report
Cantaloupe's financial results improved sequentially, driven by re-openings and strategic initiatives.
Key Takeaways
Cantaloupe, Inc. reported a revenue of $42.8 million for Q3 2021, a slight decrease of 0.8% year-over-year, but an 11.7% increase compared to the previous quarter. The company reduced its operating loss to $2.0 million and increased cash and cash equivalents to $88.6 million.
Revenue was $42.8 million, down 0.8% year-over-year but up 11.7% sequentially.
License and transaction fee revenue totaled $34.7 million, a decrease of 0.8% year-over-year.
Active devices increased to 1.08 million, a 3% increase year-over-year.
Cash and cash equivalents ended the quarter at $88.6 million.
Cantaloupe
Cantaloupe
Cantaloupe Revenue by Segment
Revenue by Segment
Equipment Sales Revenue
CapyFin.com Forward Guidance
For the full fiscal year 2021, Cantaloupe is reiterating revenue to be between $163 million and $171 million, GAAP net loss applicable to common shares to be between $17 million and $21 million, and adjusted EBITDA to be between $1 million and $4 million.