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Jun 30, 2024
Cantaloupe Q4 2024 Earnings Report
Cantaloupe reported a solid fourth quarter, driven by recurring revenue growth and cost optimization.
Key Takeaways
Cantaloupe reported a 13.2% increase in revenue to $72.7 million for the fourth quarter of fiscal year 2024, driven by a 15.4% year-over-year growth in subscription and transaction fees. Net income was $2.2 million, or $0.03 per diluted share. The company is benefiting from the trend toward cashless payments and demand for self-service solutions.
Revenue increased by 13.2% to $72.7 million compared to the fourth quarter of fiscal year 2023.
Transaction fees increased by 16.0% to $41.2 million.
Subscription fees increased by 14.1% to $19.9 million.
Net income applicable to common shares was $2.2 million, or $0.03 diluted earnings per share, compared to $2.8 million, or $0.04 diluted earnings per share, 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 2025, Cantaloupe expects total revenue to be between $308 million and $322 million, subscription and transaction revenue growth to be in the range of 15% - 20%, total US GAAP net income applicable to common shares to be between $22 million and $32 million, Adjusted EBITDA to be between $44 million and $52 million, and total Operating Cash Flow to be between $24 million and $32 million.
Positive Outlook
- Total Revenue to be between $308 million and $322 million.
- Subscription and Transaction revenue growth to be in the range of 15% - 20%.
- Total US GAAP net income applicable to common shares to be between $22 million and $32 million.
- Adjusted EBITDA to be between $44 million and $52 million.
- Total Operating Cash Flow to be between $24 million and $32 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income