Cantaloupe Q2 FY23 revenue $61.3M (+20% YoY); reiterates FY23 guidance

CANTALOUPE, INC.

2023-Q2 EPS reported -$0.13 revenue$119,112,000

Revenue $61.3M (+20% YoY); transaction fees $32.4M (+21%), subscription fees $16.5M (+15%), equipment sales $12.4M (+25%).
GAAP net loss $573k (-$0.01/share); Adjusted EBITDA $3.9M vs $2.4M prior year.
Completed acquisition of Three Square Market (32M) in Q2; integration underway, revenue synergies expected.
Active customers 26,335 (+24% YoY); active devices 1.15M (+3%); non-4G/EMV upgrades largely completed.
FY23 guidance reaffirmed: revenue $240-250M, Adj. EBITDA $12-17M, operating cash flow $10-15M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CANTALOUPE, INC. reported the second quarter ended December 31, 2022 results: revenue $61.3 million, net income $573,000, EPS $(0.01) per share. Guidance reaffirmed.

Period: the second quarter ended December 31, 2022
Revenue: $61.3 million
Net income: $573,000
EPS: $(0.01) per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Second Quarter 2023 Key Financial Results: • Revenue of $61.3 million, an increase of 20% year over year. ◦ Transaction fees of $32.4 million, an increase of 21% year over year ◦ Subscription fees of $16.5 million, an increase of 15% year over year ◦ Equipment sales of $12.4 million, an increase of 25% year over year • Total Dollar Volumes of Transactions were $649.4 million, an increase of 17% year over year • Gross margin of 30.1% compared with 31.3% in the prior year quarter ◦ Subscription and transaction fees margins of 38.3% compared to 39.5% in the prior year quarter ◦ Equipment sales margins of (2.3)% compared to (2.8)% in the prior year quarter • U.S. GAAP Net loss applicable to common shares of $573,000, or $(0.01) per share, compared to Net loss applicable to common shares of $468,000, or $(0.01) per share, in in the prior year quarter

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Source: SEC EDGAR

accession 0001628280-23-002571

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