Cantaloupe, Inc. ( (CTLP) ) has released its Q3 earnings. Here is a breakdown of the information Cantaloupe, Inc. presented to its investors.
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Cantaloupe, Inc. is a global technology leader in self-service commerce, providing end-to-end solutions that enhance consumer engagement and sales revenue through digital payments and other innovations. The company operates across various sectors, including vending machines, smart retail, and amusement venues, in multiple countries.
In its third quarter fiscal year 2025 earnings report, Cantaloupe, Inc. announced a significant revenue increase of 11.1% year-over-year, reaching $75.4 million. The company’s net income applicable to common shares soared to $48.9 million, largely due to a one-time tax-related benefit.
Key financial highlights include a 10.0% increase in transaction fees to $44.0 million, a 10.3% rise in subscription fees to $21.2 million, and a notable 17.9% growth in equipment sales to $10.2 million. The company’s adjusted EBITDA also saw a substantial increase of 36.6%, reaching $13.9 million. Additionally, Cantaloupe expanded its active customer base by 11.2% and its active devices by 3.6%.
Looking ahead, Cantaloupe, Inc. has revised its fiscal year 2025 outlook, projecting total revenue between $302 million and $308 million. The company expects continued growth in subscription and transaction revenues, alongside a stable operating cash flow forecast. Management remains optimistic about leveraging its technology solutions to drive further market expansion and profitability.