earnings
confidence high
sentiment positive
materiality 0.60
Cantaloupe Q1 FY2024 revenue $62.7M, net income $1.7M; reiterates FY guidance
CANTALOUPE, INC.
2024-Q1 EPS reported
$0.02
revenue$62,683,000
- Revenue $62.7M (+8% YoY); transaction fees $37.0M (+18%), subscription fees $18.1M (+15%).
- GAAP net income of $1.7M ($0.02/share) vs loss of $8.9M ($0.13 loss) a year ago.
- Adjusted EBITDA $7.8M vs negative $5.4M; gross margin improved to 38.8% from 24.5%.
- Active customers 29,670 (+19% YoY); active devices 1.19M (+4% YoY).
- Reiterates FY2024 guidance: revenue $275-285M, net income $9-15M, adjusted EBITDA $28-34M.