earnings
confidence high
sentiment positive
materiality 0.65
Cantaloupe Q1 FY2022 revenue up 24% to $45.8M; net loss narrows to $1.6M
CANTALOUPE, INC.
2022-Q1 EPS reported
-$0.02
revenue$45,780,000
- Revenue $45.8M (+24.1% YoY); transaction fees record $26.4M (+34.3%), subscription fees $14.2M (+5.8%).
- U.S. GAAP net loss $1.6M ($0.02/share) vs $6.9M ($0.11) a year ago; Adjusted EBITDA $1.9M vs ($0.5M).
- Gross margin 32.5% vs 38.6% prior year (prior year had one-time adjustment); equipment margin 5.3% vs 12.4%.
- Active devices 1.11M (+3% YoY); active customers 20,738 (+17% YoY).
- FY2022 outlook reaffirmed: revenue $200-210M, Adjusted EBITDA $8.5-10.5M; Yoke Payments acquisition closed in August.