Cantaloupe, Inc. ( (CTLP) ) has released its Q2 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 providing end-to-end solutions for self-service commerce, specializing in micro-payments processing and IoT technology for various consumer services. In the second quarter of fiscal year 2025, Cantaloupe reported a notable financial performance with a 12.8% year-over-year increase in revenue, reaching $73.7 million. The company’s net income applicable to common shares rose to $5.0 million, while adjusted EBITDA improved by 25.7% to $10.7 million. Key highlights include a significant 17.2% increase in transaction fees and a 14.1% rise in subscription fees, although equipment sales saw a decline. The company also launched innovative programs like AdVantage and Smart Store, and expanded its customer base with a 9.6% increase in active customers. Looking ahead, Cantaloupe reiterates its full fiscal year 2025 guidance, anticipating total revenue between $308 million and $322 million, with a continued emphasis on subscription and transaction revenue growth. The company maintains a positive outlook on its strategic initiatives and financial performance.
