Cantaloupe reports record Q4 revenue $58M, GAAP net loss of $2.1M; CEO Feeney retires, Venkatesan named

CANTALOUPE, INC.

Record Q4 revenue $58.0M (+18% YoY); FY revenue $205.2M (+23% YoY).
Q4 GAAP net loss $2.1M ($0.03/sh) vs prior-year income $2.7M; FY net loss improved to $2.4M from $9.4M.
Q4 Adj. EBITDA $2.0M (down from $5.0M due to $2.9M prior-year sales tax benefit); FY Adj. EBITDA $9.9M vs $7.6M.
FY2023 guidance: rev $225-235M, GAAP net income $1-5M, Adj. EBITDA $12-17M.
CEO Sean Feeney retires Sep 30; COO Ravi Venkatesan appointed CEO effective Oct 1.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Sean Feeney

Chief Executive Officer

CTLP · CANTALOUPE, INC.

Effective: 2022-09-30
Successor: Ravi Venkatesan
Filed: September 8, 2022, 7:59 PM ET

On September 8, 2022, Sean Feeney, the Company’s Chief Executive Officer, announced his retirement and resigned from his role at the Company and its subsidiaries, effective September 30, 2022.

Role change

Ravi Venkatesan

Chief Executive Officer

CTLP · CANTALOUPE, INC.

Effective: 2022-10-01
Filed: September 8, 2022, 7:59 PM ET

Ravi Venkatesan (age 46), the Company’s Chief Operating Officer, was appointed Chief Executive Officer, effective October 1, 2022.

Appointed

Ravi Venkatesan

Director

CTLP · CANTALOUPE, INC.

Effective: 2022-10-01
Filed: September 8, 2022, 7:59 PM ET

Mr. Venkatesan will also be promoted to the Board of Directors, effective October 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sean Feeney resigned as Chief Executive Officer at CANTALOUPE, INC..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On September 8, 2022, Sean Feeney, the Company’s Chief Executive Officer, announced his retirement and resigned from his role at the Company and its subsidiaries, effective September 30, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ravi Venkatesan was appointed as Chief Executive Officer at CANTALOUPE, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Ravi Venkatesan (age 46), the Company’s Chief Operating Officer, was appointed Chief Executive Officer, effective October 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ravi Venkatesan was appointed as Director at CANTALOUPE, INC..

Action: promoted
Role: Director

Exact text from the filing

Mr. Venkatesan will also be promoted to the Board of Directors, effective October 1, 2022.

View on SEC.gov

CANTALOUPE, INC. filing history →

Source: SEC EDGAR

accession 0001628280-22-024593

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.