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Jun 30, 2023
Cantaloupe Q4 2023 Earnings Report
Reported an 11% year-over-year revenue increase and a fourfold increase in adjusted EBITDA.
Key Takeaways
Cantaloupe, Inc. reported strong Q4 2023 results with an 11% increase in revenue and a significant increase in adjusted EBITDA. The company's growth was driven by continued growth in customer segments, the acquisition of Three Square Market (32M), expansion in micro markets, and adoption of Seed software and subscription products.
Revenue increased by 11% year-over-year to $64.2 million.
Total dollar volumes of transactions increased by 14% year-over-year to $703.5 million.
U.S. GAAP net income applicable to common shares was $2.8 million, or $0.04 per share, compared to a net loss of $2.1 million, or $(0.03) per share, in the prior year quarter.
Adjusted EBITDA increased to $9.2 million compared to $2.0 million in the prior year quarter.
Revenue by Segment
Forward Guidance
For the full fiscal year 2024, Cantaloupe expects total revenue to be between $275 million and $285 million, with transaction and subscription revenue between $234 million and $242 million. They also anticipate total U.S. GAAP net income to be between $9 million and $15 million and adjusted EBITDA to be between $28 million and $34 million. Total operating cash flow is expected to be between $28 million and $38 million.
Positive Outlook
- Total Revenue to be between $275 million and $285 million
- The combination of Transaction and Subscription revenue to be between $234 million and $242 million
- Total U.S. GAAP 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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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