secwatch.observer — SEC 8-K summary
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Issuer:     CANTALOUPE, INC. (CTLP)
CIK:        0000896429
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001628280-22-028646
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cantaloupe Q1 FY2023 rev $57.8M (+26%) but net loss widens to $8.9M; adj EBITDA -$5.4M
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- Revenue $57.8M (+26% YoY); transaction fees $31.3M (+18%), subscriptions $15.8M (+11%), equipment $10.7M (+108%).
- GAAP net loss $8.9M vs $1.6M loss a year ago; diluted EPS -$0.13 vs -$0.02.
- Adjusted EBITDA -$5.4M vs +$1.9M; gross margin 24.5% vs 32.5% due to cloud migration and component costs.
- Active customers 25,019 (+21% YoY); active devices 1.15M (+3% YoY).
- FY2023 guidance reiterated: rev $225-235M, GAAP net income $1-5M, adj EBITDA $12-17M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896429/000162828022028646/0001628280-22-028646-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896429/000162828022028646/usat-20221107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-028646

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer