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Mar 31, 2023
Cantaloupe Q3 2023 Earnings Report
Cantaloupe reported strong financial results with record revenue in transaction and subscription fees, and a record quarter of Adjusted EBITDA.
Key Takeaways
Cantaloupe, Inc. reported a 20% year-over-year increase in revenue, reaching $60.4 million for the third quarter of fiscal year 2023. The company's U.S. GAAP net income was $6.7 million, and it achieved a record Adjusted EBITDA of $10.1 million, a 176% increase compared to the same quarter last year. The integration of Three Square Market (32M) is progressing well, contributing to the acceleration of the micro markets business.
Revenue increased by 20% year-over-year to $60.4 million.
U.S. GAAP Net income was $6.7 million, or $0.09 per share, compared to $1.8 million, or $0.03 per share, in the prior year quarter.
Adjusted EBITDA increased by 176% to $10.1 million.
Active Customers increased by 21% to 27,598.
Cantaloupe
Cantaloupe
Cantaloupe Revenue by Segment
Revenue by Segment
Equipment Sales Revenue
CapyFin.com Forward Guidance
Cantaloupe reiterates its fiscal year 2023 guidance, with revenue expected to be between $240 million and $250 million, U.S. GAAP net income between $(2) million and $3 million, Adjusted EBITDA between $12 million and $17 million, and Total Operating Cash Flow between $10 million and $15 million.
Positive Outlook
- Revenue expected to be between $240 million and $250 million.
- Adjusted EBITDA to be between $12 million and $17 million.
- Total Operating Cash Flow to be between $10 million and $15 million.
Challenges Ahead
- U.S. GAAP Net income to be between $(2) million and $3 million.