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Mar 31, 2024
Cantaloupe Q3 2024 Earnings Report
Reported strong results driven by revenue growth and optimized COGS and controlled operational expenses.
Key Takeaways
Cantaloupe, Inc. reported a 12.5% year-over-year increase in revenue to $67.9 million for the third quarter of fiscal year 2024. Net income applicable to common shares was $4.4 million, or $0.06 per share. The company's adjusted EBITDA was $10.2 million, and the gross margin was 39.6%.
Revenue increased by 12.5% year over year to $67.9 million.
Transaction fees increased by 19.9% year over year to $40.0 million.
Net income applicable to common shares was $4.4 million, or $0.06 per share.
Adjusted EBITDA was $10.2 million compared to $10.1 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
For the full fiscal year 2024, Cantaloupe updates the following guidance:
Positive Outlook
- Total Revenue to be between $270 million and $275 million
- The combination of Subscription and Transaction revenue to be between $232 million and $236 million
- Total US GAAP net income to be between $12 million and $15 million
- Adjusted EBITDA to be between $33 million and $36 million
- Total Operating Cash Flow to be between $24 million and $28 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income