Profitability ImprovementCTLP made progress on expanding gross margins as the total non-GAAP adjusted gross margin was 38% compared to 33% in FY/23.
Revenue GrowthCTLP's revenue increased by 13% year-over-year, driven by 18% growth in transaction revenue and 12% growth in subscription revenue.
Strategic AcquisitionCantaloupe, Inc. announced the acquisition of SB Software Limited, which is a leading provider of vending and coffee management software solutions in the U.K. and Ireland.