Cantaloupe reports Q2 EPS 4c, consensus 3c

Reports Q2 revenue $65.4M, consensus $66.96M. Reports total Dollar Volumes of Transactions $730.1 million, an increase of 12% year over year. Transactions totaled 286.7 million at the end of the second quarter of 2024. “In the second quarter, we continued to execute on our strategy of expanding operating leverage and driving strong profitability,” said Ravi Venkatesan, chief executive officer, Cantaloupe. “Our domestic and international pipeline is robust, driven by our go-to-market strategy and extensive product offering. We increased gross margins during the quarter, driving expansion across all revenue lines. I remain excited about long-term opportunity given the favorable secular tailwinds including the acceleration of micro-markets and consumer payment preferences.”