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Mar 31, 2022
Cantaloupe Q3 2022 Earnings Report
Reported strong third quarter with revenue growth driven by transaction fees increase.
Key Takeaways
Cantaloupe, Inc. reported a strong third quarter with an 18% increase in revenue, primarily driven by a 31% increase in transaction fees. The company's operating income improved to $0.9 million, and net income applicable to common shares improved to $1.8 million, or $0.03 per share.
Total Dollar Volumes of Transactions increased 36% year over year to $562 million.
Revenue increased 18% year over year to $50.3 million.
Operating income improved to $0.9 million compared to an operating loss of $2.0 million in the prior year period.
U.S. GAAP Net income applicable to common shares improved to $1.8 million, or $0.03 per share.
Cantaloupe
Cantaloupe
Cantaloupe Revenue by Segment
Revenue by Segment
Equipment Sales Revenue
CapyFin.com Forward Guidance
For the full fiscal year 2022, Cantaloupe expects revenue to be between $200 million and $210 million, representing a 20% to 26% increase year over year. U.S. GAAP Net loss applicable to common shares is expected to be between $(1) million and $(3) million. Adjusted EBITDA is expected to be between $8.5 million and $10.5 million, a 12% to 38% increase year over year.
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 $(1) million and $(3) million