Announcement • Oct 13
Cantaloupe, Inc., Annual General Meeting, Nov 19, 2025 Cantaloupe, Inc., Annual General Meeting, Nov 19, 2025. Announcement • Sep 25
Cantaloupe, Inc. Announces Departure of Gaurav Singal as Chief Technology Officer, Effective October 7, 2025 On September 24, 2025, Cantaloupe, Inc. (the “Company”) announced that Gaurav Singal, Chief Technology Officer of the Company, is leaving the Company, effective October 7, 2025. Mr. Singal's departure was a personal decision to pursue another opportunity and was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Announcement • Jun 17
365 Retail Markets, LLC entered into a definitive agreement to acquire Cantaloupe, Inc. (NasdaqGS:CTLP) for approximately $830 million. 365 Retail Markets, LLC entered into a definitive agreement to acquire Cantaloupe, Inc. (NasdaqGS:CTLP) for approximately $830 million on June 15, 2025. Under the terms of the agreement, Cantaloupe shareholders will receive $11.20 per share in cash. Upon completion of the transaction, Cantaloupe will become a privately-held company. In case of termination of the transaction under certain specified circumstances, Cantaloupe will be required to pay 365 Retail Markets a termination fee of $31.5 million.
The transaction is subject to customary closing conditions, including approval by Cantaloupe shareholders, the receipt of required regulatory approvals, and the expiration or termination of any waiting period applicable under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.The transaction was approved unanimously by the Cantaloupe Board of Directors. 365 Retail Markets board of directors also approved the transaction. The transaction is not subject to a financing condition and 365 has received fully committed financing for the transaction.
J.P. Morgan Securities LLC is serving as exclusive financial advisor and fairness opinion provider and Keith Townsend, Robert Leclerc and Zachary Davis of King & Spalding LLP are serving as legal counsel to Cantaloupe. William Blair & Company is serving as financial advisor and James R. Griffin, David Gail, Ramona Y. Nee, Jeffrey Perry, Benton Lewis and Claudia Lai of Weil, Gotshal & Manges LLP are serving as legal counsel to 365 and Providence. Announcement • May 09
Cantaloupe, Inc. Revises Earnings Guidance for the Full Fiscal Year 2025 Cantaloupe, Inc. revising earnings guidance for the full fiscal year 2025. For the period, the company expects total Revenue to be between $302 million and $308 million. Total US GAAP net income applicable to common shares to be between $64 million and $70 million. Announcement • May 06
Cantaloupe, Inc. to Showcase Full Suite of Smart Retail Innovations At 2025 NAMA Show Cantaloupe, Inc. is showcasing its full suite of smart self-service retail innovations at this year's 2025 National Automatic Merchandising Association (NAMA) Show, taking place May 7-9 in Las Vegas. Cantaloupe's product line-up includes the recently introduced Go Micro kiosk and new Smart Aisle. Cantaloupe will host an in-booth unveiling and live demonstration of these exciting technology solutions on May 7, at 2:45 p.m. (PT) in booth #1839. Customers provide a payment method to enter, and while inside they can grab any item, which is added to their virtual cart in real time. Customers verify their cart before leaving, and the transaction is completed and payment method charged upon exit. In Cantaloupe's booth, guests will experience a complete lineup of smart solutions, including theSmart Store 700 Duo, Smart Store 600 Duo, the Cooler Cafe, its modern micro market offerings including the Go Micro, Go Plus100 and Go Max kiosks,card readers for the U.S., Mexico, U.K. and Europe, and Seed software products and other Cantaloupe services that will be available for viewing and hands-on demonstrations. Throughout the show in the North Lobby, NAMA attendees can visit the Social Hub located across from the registration desk, hosted by Cantaloupe and the recently launched Vine Digital Studio, a full-service marketing platform dedicated to self-service and convenience businesses. The Social Hub experience will include a unique photo opportunity and a chance to learn more about Vine's strategic digital marketing solutions designed for operator growth. Cantaloupe will also be displaying its self-service payment solutions throughout the show floor in several partner booths.HABCO will feature a Cooler Cafe unit with Cantaloupe's P30 card reader and Smart Lock connect technology; AVS will highlight the Go Micro kiosk and a lineup of Cantaloupe card readers; IDW will showcase the Go MiniX and a Cooler Cafe unit; ID TECH will display the Go Plus100 kiosk and Imbera will show the Go MiniX kiosk equipped with the P30 card reader. Lastly, Cantaloupe will provide demonstrations of its latest product releases within the Seed software suite, including powerful new tools that bring AI into operators' everyday platform experience. Attendees can also see the efficiency of Cantaloupe's Remote Price change tool at an in-booth activation station. Remote Price Change allows operators to change prices for their entire vending machine fleet in minutes without visiting a single location -- saving significant time and effort while maximizing revenue. Announcement • Apr 18
Cantaloupe, Inc. to Report Q3, 2025 Results on May 08, 2025 Cantaloupe, Inc. announced that they will report Q3, 2025 results at 4:05 PM, US Eastern Standard Time on May 08, 2025 Announcement • Apr 15
Cantaloupe, Inc. Launches Go Micro Cantaloupe, Inc. launched the Go Micro, its newest self-service micro market kiosk. The Go Micro offers all the essential features to successfully run a micro market. Designed with affordability, versatility and seamless management in mind, the Go Micro makes it easier than ever for operators to start or scale their micro market business. The Go Micro's compact footprint, integrated barcode scanner and five-inch touchscreen provide a seamless checkout experience for consumers. Its form factor allows it to fit into a wide variety of spaces and configurations, including the future ability to mount onto Cantaloupe's Cooler Cafe units. It is fully integrated with Cantaloupe Go and Seed Markets, enabling operators to manage all their markets -- regardless of size -- on one powerful platform. This makes it easier to streamline operations, track inventory and optimize performance across all locations. Announcement • Feb 26
Cantaloupe Reportedly Explores Options Including Sale Cantaloupe, Inc. (NasdaqGS:CTLP) is exploring strategic options, including a potential sale or a go-private transaction, four people familiar with the matter said, the latest specialized U.S. payments processor to consider such a move. Malvern, Pennsylvania-based Cantaloupe provides digital payments technology and software to companies providing self-service offerings, such as vending machines, car washes and arcades. Its products are used in North America, Europe and Australia, according to its website. The company is working with investment bankers at JPMorgan Chase on the strategic plans, according to the sources, who spoke on condition of anonymity to discuss confidential deliberations. They warned that a sale was not guaranteed. Shares in Cantaloupe traded almost 10% higher on news of the sale effort, before giving up their gains. Cantaloupe and JP Morgan did not immediately respond to requests for comment. Announcement • Feb 07
Cantaloupe, Inc. Reiterates Earnings Guidance for the Year 2025 Cantaloupe, Inc. reiterated earnings guidance for the year 2025. For the full fiscal year 2025, the Company reiterates total revenue to be between $308 million and $322 million. Total US GAAP net income applicable to common shares to be between $22 million and $32 million. Announcement • Jan 22
Cantaloupe, Inc. to Report Q2, 2025 Results on Feb 06, 2025 Cantaloupe, Inc. announced that they will report Q2, 2025 results at 4:05 PM, US Eastern Standard Time on Feb 06, 2025 Announcement • Jan 21
Cantaloupe, Inc. Introduces Engage Pulse for the Arcade and Amusement Industry Cantaloupe, Inc. announced the launch of its new Engage Pulse card reader. This innovative payment solution is designed to maximize revenue potential through a ladder pricing interface that allows players to pay once and then enjoy multiple plays. This feature enables the Engage Pulse to deliver a seamless consumer payment experience while increasing revenue for arcade and amusement operators. This launch comes as the amusement industry experiences significant growth in cashless payments. According to the Cantaloupe 2024 Micropayment Trends Report, consumers spent more than $100 million at amusement machines alone in 2023, with 63% of total sales volume coming from cashless transactions. The average cashless purchase value reached $6.13, compared to only $0.81 for cash purchases, demonstrating strong consumer adoption of digital payment methods and an opportunity for even more industry growth with cashless payment systems. Early adopters of the Engage Pulse are already seeing remarkable results. “We installed crane games with the Engage Pulse units at one of the company's trampoline park locations, and in November and December, sales were up 85% year over year. In the company's mall locations, we’re seeing up to 53% year-over-year sales increases,” said Tim Zahn, vice president of operations at Lieberman Companies, a large amusement and arcade operator in the Minneapolis/St. Paul metro area. “With the Pulse, we’re seeing customers spending $2–3 more than the default $1 price on these games. It makes payment quick and easy.” Lieberman Companies’ success has demonstrated the immediate impact of Cantaloupe’s technology on operator revenue. The Engage Pulse represents a significant advancement in arcade and amusement payment technology, offering operators a comprehensive solution to modernize their businesses. Key features include: Innovative Ladder Pricing Interface: Enabling customers to select multiple plays or extended time periods in a single transaction. A 3.5-inch Color Touchscreen: Providing an intuitive, user-friendly interface for customer interaction. Cashless Payment Acceptance: Expanding customer base and increasing transaction volume. Seamless Integration: Cantaloupe Engage Pulse works with existing arcade and amusement machines, and device transaction data is transmitted into Cantaloupe’s Seed Live platform. Announcement • Dec 11
Cantaloupe, Inc. Launches Innovative Smart Stores Cantaloupe, Inc. launched its new Smart Store Series, including the Cantaloupe Smart Store 600 and 700 models. These advanced self-service retail solutions are designed to revolutionize the way food and beverage vendors, as well as broader retailers, address key challenges including labor shortages, theft and shrinkage, while maintaining a seamless and inclusive consumer experience. Cantaloupe’s Smart Stores offer a 24/7 self-service solution with advanced technology and security, designed for retailers, residential buildings, fitness centers, hotel pantries and more. The customer presents payment at the point-of-sale (POS) to unlock the unit, grab the item(s), which are added to their cart, then completes the purchase by pressing Pay and walking away. Available in the United States and Canada, and soon to be available in the UK and Mexico, the Cantaloupe Smart Store Series includes key features designed to enhance the consumer experience such as: Secure & Reliable Technology: The Smart Store uses weighted-shelves and cameras to monitor inventory and minimize shrinkage. Enhanced Customer Experience with Audio Assistance & Accessibility: The Smart Store offers touchscreens, audio help, and visual cues to ensure an accessible and seamless shopping experience. Turnkey Setup & Installation: Planograms and product restocking are easily updated through the POS or back-end portal with minimal effort. Flexibility to Scale Store Size & Product Mix: Operators can scale from one to four units and stock a variety of products, from clothing to sporting goods. Cantaloupe Platform Integrations: Smart Stores integrate with Cantaloupe’s platform for streamlined inventory management and reporting. Reported Earnings • Nov 08
First quarter 2025 earnings released: EPS: US$0.045 (vs US$0.024 in 1Q 2024) First quarter 2025 results: EPS: US$0.045 (up from US$0.024 in 1Q 2024). Revenue: US$70.8m (up 13% from 1Q 2024). Net income: US$3.28m (up 91% from 1Q 2024). Profit margin: 4.6% (up from 2.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Nov 08
Cantaloupe, Inc. Reiterates Earnings Guidance for the Full Fiscal Year 2025 Cantaloupe, Inc. reiterated earnings guidance for the full fiscal year 2025. For the year, the Company expects total Revenue to be between $308 million and $322 million. Announcement • Oct 18
Cantaloupe, Inc. to Report Q1, 2025 Results on Nov 07, 2024 Cantaloupe, Inc. announced that they will report Q1, 2025 results at 4:05 PM, US Eastern Standard Time on Nov 07, 2024 Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €8.15, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 11x in the Diversified Financial industry in Germany. Total loss to shareholders of 9.9% over the past three years. Announcement • Oct 07
Cantaloupe, Inc., Annual General Meeting, Nov 20, 2024 Cantaloupe, Inc., Annual General Meeting, Nov 20, 2024. Recent Insider Transactions • Oct 02
Independent Chairman recently bought €1.9m worth of stock On the 30th of September, Douglas Bergeron bought around 284k shares on-market at roughly €6.63 per share. This transaction increased Douglas' direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Douglas' only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €6.70, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Diversified Financial industry in Germany. Total loss to shareholders of 24% over the past three years. Reported Earnings • Sep 11
Full year 2024 earnings released: EPS: US$0.16 (vs US$0 in FY 2023) Full year 2024 results: EPS: US$0.16 (up from US$0 in FY 2023). Revenue: US$268.6m (up 10% from FY 2023). Net income: US$11.4m (up US$11.4m from FY 2023). Profit margin: 4.2% (up from 0% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Sep 11
Cantaloupe, Inc. Updates Earnings Guidance for the Full Fiscal Year 2025 Cantaloupe, Inc. provided earnings guidance for the full fiscal year 2025. For the year, the Company updates Total Revenue to be between $308 million and $322 million. Announcement • Sep 09
Cantaloupe, Inc. (NasdaqGS:CTLP) acquired Sb Software Limited. Cantaloupe, Inc. (NasdaqGS:CTLP) acquired Sb Software Limited on September 9, 2024.
Cantaloupe, Inc. (NasdaqGS:CTLP) completed the acquisition of Sb Software Limited on September 9, 2024. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €6.10, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Diversified Financial industry in Germany. Total loss to shareholders of 29% over the past three years. Announcement • May 16
Cantaloupe, Inc. to Showcase Self-Service and Mobile-First Solutions at the National Restaurant Association Show Cantaloupe, Inc. announced its debut participation at the National Restaurant Association Show, taking place May 18 to 21, 2024, at McCormick Place in Chicago. Cantaloupe will be showcasing its innovative solutions focused on self-service and mobile-first applications for stadiums, entertainment venues, festivals and hotels. Cantaloupe’s booth at the National Restaurant Association Show will be highlighting: CHEQ POS Kiosks: available in attended or self-checkout mode, making ordering seamless across multiple revenue centers and empowering fans to self-service for reduced wait times. CHEQ Handheld: providing in-stadium vendors or those with on-the-go payment needs at festivals and events, the ability to accept payments anywhere, perfect for selling merchandise, food and beverages. CHEQ Mobile App: enables fans or event-goers the ability to order food and beverages from anywhere in the venue, with flexible pick-up or in-seat delivery options. Cantaloupe Smart Café: a fully locked cooler that enablestrue grab and go self-service with AI powered smart camera technology to charge the consumers card for the exact items they take out of the smart fridge. Cantaloupe Micro Markets for Hotel Pantries:a one-stop shop for cabinetry, coolers and self-checkout kiosks with the Cantaloupe Go MiniX cashless acceptance kiosk, that simply leverages existing pantry space and converts it into a self-service mini-market in hotel lobbies, creating less burden on employees to manage checking in guests and ringing up pantry products and instead, creates a fully grab-and-go experience. Announcement • May 11
Cantaloupe, Inc. Provides Earnings Guidance for the Fiscal Year 2024 Cantaloupe, Inc. provided earnings guidance for the fiscal year 2024. For the full fiscal year 2024, the company expects total revenue to be between $270 million and $275 million. Total US GAAP net income is expected to be between $12 million and $15 million. Reported Earnings • May 10
Third quarter 2024 earnings released: EPS: US$0.06 (vs US$0.092 in 3Q 2023) Third quarter 2024 results: EPS: US$0.06 (down from US$0.092 in 3Q 2023). Revenue: US$67.9m (up 13% from 3Q 2023). Net income: US$4.37m (down 34% from 3Q 2023). Profit margin: 6.4% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Apr 30
Cantaloupe, Inc. to Showcase CHEQ and New Innovative Micro Market and Smart Cooler Technology At the Nama 2024 Show Cantaloupe, Inc. announced its participation in The National Automatic Merchandising Association (NAMA) Show, taking place from May 7-9, in Dallas. Cantaloupe will be showcasing its cutting-edge solutions, including the highly anticipated CHEQ point-of-sale (POS) platform, which features a mobile-first approach to accepting payments. Additionally, in Cantaloupe’s booth and elsewhere throughout the show with key strategic partners, attendees can explore the latest in micro market innovations, including new modern kiosk designs, and smart coolers leveraging both AI and age verification technology. Cantaloupe will also be displaying its broad range of payment solutions and products tailored for international markets showcased in four other partner booths. For the European market, Cantaloupe will highlight its cutting-edge payment devices, including the P66, P100 and P100 Pro card readers. Additionally, Cantaloupe's Latin America partnership with Imbera will be featured, giving attendees a firsthand experience of Cantaloupe’s solutions specifically designed for the Mexico market. Imbera's booth will feature Cantaloupe’s Go MiniX kiosk, equipped with the P30 payment device, demonstrating its seamless integration for implementing micro markets in Mexico. Attendees can also witness the Cantaloupe Cooler Café in action, featuring age verification on the P30 device, further showcasing Cantaloupe’s commitment to meeting the unique needs of the Mexico market. In Cantaloupe’s booth, guests will experience a full line-up of smart cooler technology, including the Cooler Cafe, with Cool Blu and IDW coolers, and the Smart Café. This area will highlight various use cases of self-service solutions designed for semi-public to high-traffic public locations. The Smart Café, is equipped with AI dynamic camera vision technology, further enhancing security and the ultimate convenience for consumers. Lastly, Cantaloupe will provide demonstrations of its latest product releases within the Seed software suite. Show attendees can learn about Seed Analytics and Seed Intelligence, powerful tools that enrich data visualization and analysis for operators. Attendees can also witness the efficiency of Cantaloupe's Seed Pick Easy at an in-booth activation station. This innovative warehouse picking solution simplifies the picking process, optimizing efficiency and accuracy for operators of all sizes. Announcement • Apr 24
Cantaloupe, Inc. to Report Q3, 2024 Results on May 09, 2024 Cantaloupe, Inc. announced that they will report Q3, 2024 results at 4:05 PM, US Eastern Standard Time on May 09, 2024 Reported Earnings • Feb 09
Second quarter 2024 earnings released: EPS: US$0.043 (vs US$0.008 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.043 (up from US$0.008 loss in 2Q 2023). Revenue: US$65.4m (up 6.6% from 2Q 2023). Net income: US$3.12m (up US$3.70m from 2Q 2023). Profit margin: 4.8% (up from net loss in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Diversified Financial industry in Germany. Announcement • Feb 09
Cantaloupe, Inc. Reiterates Earnings Guidance for the Fiscal Year 2024 Cantaloupe, Inc. reiterated earnings guidance for the fiscal year 2024. For the full fiscal year 2024, the company reiterates the following: total revenue to be between $275 million and $285 million and total net income to be between $9 million and $15 million. Announcement • Feb 02
Cantaloupe, Inc. (NasdaqGS:CTLP) acquired Cheq Lifestyle Technology, Inc. Cantaloupe, Inc. (NasdaqGS:CTLP) acquired Cheq Lifestyle Technology, Inc. on February 1, 2024.Cantaloupe, Inc. (NasdaqGS:CTLP) completed the acquisition of Cheq Lifestyle Technology, Inc. on February 1, 2024. Announcement • Jan 18
Cantaloupe, Inc. to Report Q2, 2024 Results on Feb 08, 2024 Cantaloupe, Inc. announced that they will report Q2, 2024 results at 4:05 PM, US Eastern Standard Time on Feb 08, 2024 Announcement • Dec 05
Cantaloupe Enhances Self-Service Business Operations with Its New Seed Analytics and Seed Intelligence Tools Cantaloupe, Inc. announced the release of two new premium analytics tools in its Seed™ Pro software platform: Seed Analytics and Seed Intelligence. These two new tools are designed to transform the way vending operators leverage data for business growth with improved decision-making and enhanced productivity. Tailored for mid-size to enterprise vending operators, Seed Analytics automates data gathering and analysis to provide real-time insights and data visualizations within Seed Pro. Because all relevant data is available in one place, Seed Analytics offers a comprehensive overview of factors affecting business highs and lows — which is crucial for informed decision-making. Seed Analytics equips operators with advanced interactive dashboards that provide a clear view of important metrics across their entire operation. Visual representations such as easy-to-use graphs and tables allow operators to identify trends, optimize product mixes, and review spoilage levels, ultimately saving operators time and increasing their efficiency. Key highlights of Seed Analytics’ advanced dashboard include: Revenue: Shows revenue breakdowns, costs, performance and weekly trends that are beneficial for operations managers, route and sales managers. Category Sales: Offers a breakdown of revenue by category as well as a view of sales by category and items to identify the best and worst-performing items and categories. Replenishment: Outlines what is being delivered, purchased, removed, in highest demand, spoiled products, etc., and helps make route managers and drivers more productive. Order to Fulfillment - Delivery: Illustrates order flow from pre-pick to fulfillment and provides a deeper view of the overall fulfillment process. Seed Intelligence is designed for operators seeking a powerful business intelligence tool. It provides a comprehensive data warehouse, integrating sales and operational data from Seed Pro with operators’ existing business intelligence tools like Microsoft Power BI, Tableau, QlickSense or others. This eliminates the need for manual data handling, streamlining the analysis process. Additionally, it enables operators to create custom dashboards with their combined data. By centralizing data across platforms, Seed Intelligence facilitates cross-functional reporting, thus empowering operators to derive actionable insights and make more informed decisions for their business. Announcement • Oct 25
Cantaloupe, Inc. to Report Q1, 2024 Results on Nov 09, 2023 Cantaloupe, Inc. announced that they will report Q1, 2024 results at 4:05 PM, US Eastern Standard Time on Nov 09, 2023 Announcement • Sep 28
Cantaloupe, Inc. Showcases Cantaloupe Go Smart Store Technology At NACS Show Cantaloupe, Inc. announced that it is excited to exhibit its new smart store technology using AI and computer vision at this year's NACS Show 2023 in Atlanta, held October 3-6at the Georgia World Congress Center. These smart store solutions demonstrate Cantaloupe's commitment to using technology to create a seamless product delivery and payment system for today's grab-and-go and tap-to-pay society. Cantaloupe's new technology will be shown in its NACS booth BC5603 in exhibit hall B & BC in the Technology sector and with partner Imbera Cooling in booth C6919. At NACS Show 2023, Cantaloupe will be featuring the following products: The Cooler Cafe, uses a payment terminal to link up to three connected coolers for buying food and beverage products. Using Smart Lock technology, The Cooler Cafe remains locked until payment is processed, and consumers simply grab and go; store owners can also easily monitor cooler temperature in real time. The Cooler Cafe kit, payment terminal and Smart Lock technology will be integrated into Cantaloupe's partner Imbera's coolers at booth C6919. The Smart Cafe, one of Cantaloupe's newest products, is expected to be made commercially available in early 2024. The Smart Cafe uses computer vision and AI technology to charge the consumer for products they select out of the cooler. Consumers simply present their payment, grab the item, and walk away. The Go MiniX kiosk will be featured in Cantaloupe's booth BC5603. Cantaloupe Merchandising Coolers, offered both with and without Smart Lock technology, are an important staple for c-store owners. With a variety of cooler sizes ranging from single door to double door, Cantaloupe provides reliable, easy-to-set-up cooler solutions. These will also be exhibited in Cantaloupe's hotel BC5603. Announcement • Sep 14
Cantaloupe, Inc. announced delayed annual 10-K filing On 09/13/2023, Cantaloupe, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Sep 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Announcement • Sep 07
Cantaloupe, Inc. Provides Earnings Guidance for Full Fiscal Year 2024 Cantaloupe, Inc. provided earnings guidance for full fiscal year 2024. For the year, the company expects total Revenue to be between $275 million and $285 million. Total U.S. GAAP net income to be between $9 million and $15 million. Reported Earnings • Sep 07
Full year 2023 earnings released: EPS: US$0 (vs US$0.033 loss in FY 2022) Full year 2023 results: EPS: US$0 (improved from US$0.033 loss in FY 2022). Revenue: US$243.6m (up 19% from FY 2022). Net income: US$10.0k (up US$2.38m from FY 2022). Profit margin: 0% (up from net loss in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Diversified Financial industry in Germany. Announcement • Aug 22
Cantaloupe, Inc. to Report Q4, 2023 Results on Sep 06, 2023 Cantaloupe, Inc. announced that they will report Q4, 2023 results at 4:05 PM, US Eastern Standard Time on Sep 06, 2023 Breakeven Date Change • Jun 30
Forecast breakeven date pushed back to 2024 The 4 analysts covering Cantaloupe previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$11.2m in 2024. Average annual earnings growth of 109% is required to achieve expected profit on schedule. Announcement • May 26
Cantaloupe, Inc. Appoints Jared Grachek to the Position of Chief Accounting Officer On May 22, 2023, Cantaloupe, Inc. (the “Company”) appointed Jared Grachek to the position of Chief Accounting Officer, and Mr. Grachek assumed the responsibilities of principal accounting officer. Mr. Grachek, age 37, has fifteen years of experience in accounting and auditing. From May 2008 to March 2021, Mr. Grachek worked in the audit practice at the accounting firm Ernst & Young. From April 2021 to May 2023, Mr. Grachek worked as the controller for a private financial technology company where he was directly responsible for all accounting operations including financial reporting, technical accounting, and tax compliance. Mr. Grachek is a Certified Public Accountant. Announcement • May 11
Cantaloupe, Inc. Announces its Newest Product, Seed Pick Easy Cantaloupe, Inc. announced its newest product, Seed Pick Easy, at this year’s National Automatic Merchandising Association (NAMA) show in Atlanta. Seed Pick Easy is a tablet-based warehouse picking system designed to deliver time and operational cost savings to operators of all sizes. It’s a cloud-based plug-and-play solution that integrates with an operator’s vending management software (VMS) to generate digital pick lists, so pickers can pre-kit faster. To get started, Seed Pick Easy requires only a Wi-Fi connection and an operator’s product information to be set up in their current management software. It currently integrates with Cantaloupe’s Seed and Cantaloupe Go (formerly Three Square Market) platforms, with plans to offer additional integrations in the future. Operators can generate digital pick lists to send to their Seed Pick Easy tablets in the warehouse and assign pickers up to eight orders at a time. Pickers then move from product to product, based on what’s showing on the tablet screen, rather than keeping track of printed pick lists. All product quantity changes made on the Seed Pick Easy tablet automatically sync back into their management software so operators can maintain accurate warehouse inventory levels. Breakeven Date Change • May 10
Forecast breakeven date moved forward to 2023 The 4 analysts covering Cantaloupe previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$1.06m in 2023. Earnings growth of 107% is required to achieve expected profit on schedule. Announcement • May 09
Cantaloupe, Inc. Introduces Cantaloupe Go Solutions for Self-Service Commerce At the National Automatic Merchandising Association 2023 Show Cantaloupe, Inc. announced that it introduces Cantaloupe Go solutions for self-service commerce at the National Automatic Merchandising Association 2023 Show in Atlanta on May 10-12. This newly branded Cantaloupe Go product line of solutions bring the self-service experience directly to consumers - to buy it and go! The Cantaloupe Go offering includes Cantaloupe’s modern line of self-checkout kiosks, Smart Storeconcepts and Cantaloupe Go management platform. This is the first time Cantaloupe’s advancements in Smart Store technology using Artificial Intelligence and Smart Lock features are debuting publicly. The Go Mini, Go MiniX, Go Plus100, Go Plus200, Go Plus300, and Go Max make up the Cantaloupe Go line-up of self-checkout kiosks. Each kiosk model varies in cost, features and payment acceptance capabilities, providing operators with flexible options to establish self-service experiences in a variety of locations. In addition, the Smart Store line provides a complete point-of-sale solution for customers wanting to extend self-service solutions into semi-public or public settings. Announcement • May 06
Cantaloupe, Inc. Reiterates Earnings Guidance for the Fiscal Year 2023 Cantaloupe, Inc. reiterated earnings guidance for the fiscal year 2023. For the period, the company expects revenue to be between $240 million and $250 million and U.S. GAAP net income to be between $(2) million and $3 million. Reported Earnings • May 05
Third quarter 2023 earnings released: EPS: US$0.092 (vs US$0.025 in 3Q 2022) Third quarter 2023 results: EPS: US$0.092 (up from US$0.025 in 3Q 2022). Revenue: US$60.4m (up 20% from 3Q 2022). Net income: US$6.66m (up 270% from 3Q 2022). Profit margin: 11% (up from 3.6% in 3Q 2022). Announcement • Feb 11
Cantaloupe, Inc. Announces Executive Changes On February 3, 2023, Ankit Varia, the Company's Chief Accounting Officer and Principal Accounting Officer,announced his resignation from his role at Cantaloupe, Inc. (the Company") and its subsidiaries, effectiveFebruary 10, 2023, in order to pursue other opportunities. Scott Stewart, the Company's Chief FinancialOfficer, will perform the functions of the Company's Principal Accounting Officer from the date of Mr. Varia'sresignation until a successor is appointed. Mr. Stewart will continue to serve as the Company's ChiefFinancial Officer. Reported Earnings • Feb 09
Second quarter 2023 earnings released: US$0.008 loss per share (vs US$0.007 loss in 2Q 2022) Second quarter 2023 results: US$0.008 loss per share (further deteriorated from US$0.007 loss in 2Q 2022). Revenue: US$61.3m (up 20% from 2Q 2022). Net loss: US$573.0k (loss widened 22% from 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Feb 08
Cantaloupe, Inc. Reiterates Earnings Guidance for the Fiscal Year 2023 Cantaloupe, Inc. reiterated earnings guidance for the fiscal year 2023. For the period, the company expects revenue to be between $240 million and $250 million and U.S. GAAP net income to be between $(2) million and $3 million. Announcement • Jan 25
Cantaloupe, Inc. to Report Q2, 2023 Results on Feb 07, 2023 Cantaloupe, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Feb 07, 2023 Announcement • Jan 18
Cantaloupe, Inc. Appoints Anna Novoseletsky as Chief Legal and Compliance Officer & General Counsel, Corporate Secretary Cantaloupe, Inc. announced that Anna Novoseletsky has been appointed Chief Legal and Compliance Officer & General Counsel, Corporate Secretary effective January 17, 2023. Ms. Novoseletsky is a seasoned attorney with expertise in global payments, digitization, and e-commerce. She joins Cantaloupe from Discover Financial Services where she was VP & Associate General Counsel, and Head of Legal, where she partnered with senior executives to set strategy within the payments business to evaluate risk on various global business initiatives, focused on corporate governance and regulatory framework of the payments service industry, and was General Counsel for Discover Network, PULSE Network, and Diners Club International. Ms. Novoseletsky earned her Juris Doctor degree from Northwestern University School of Law and her Bachelor and Master of Laws from the Ukrainian State Law Academy with highest honors. Ms. Novoseletsky is an active member of the Legal Aid Society’s Advisory Board of the Metropolitan Family Services of Chicago and devotes significant time to volunteerism and pro bono work. Previously she practiced at Latham & Watkins LLP, one of the premier global business law firms, where she started her practice focusing on public and privatemergers and acquisitions and advising independent directors in conflict-of-interesttransactions, and public company representation. Prior to that role, Ms. Novoseletsky started her legal career in Russia and Ukraine, practicing law under the umbrella of a consulting company in Moscow. Recent Insider Transactions • Dec 21
Non-Independent Director recently bought €55k worth of stock On the 19th of December, Ian Harris bought around 15k shares on-market at roughly €3.78 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €578k more in shares than they have sold in the last 12 months. Breakeven Date Change • Dec 14
Forecast breakeven date pushed back to 2024 The 4 analysts covering Cantaloupe previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 41% to 2023. The company is expected to make a profit of US$5.86m in 2024. Average annual earnings growth of 147% is required to achieve expected profit on schedule. Board Change • Dec 14
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Shannon Warren is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 10
Full year 2022 earnings released: US$0.03 loss per share (vs US$0.14 loss in FY 2021) Full year 2022 results: US$0.03 loss per share (improved from US$0.14 loss in FY 2021). Revenue: US$205.2m (up 23% from FY 2021). Net loss: US$2.37m (loss narrowed 75% from FY 2021). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 25
Chief Operating Officer recently bought €191k worth of stock On the 23rd of May, Ravi Venkatesan bought around 45k shares on-market at roughly €4.23 per share. This was the largest purchase by an insider in the last 3 months. This was Ravi's only on-market trade for the last 12 months. Reported Earnings • May 07
Third quarter 2022 earnings released: EPS: US$0.025 (vs US$0.033 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.025 (up from US$0.033 loss in 3Q 2021). Revenue: US$50.3m (up 18% from 3Q 2021). Net income: US$1.80m (up US$3.98m from 3Q 2021). Profit margin: 3.6% (up from net loss in 3Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Breakeven Date Change • Apr 27
Forecast to breakeven in 2023 The 5 analysts covering Cantaloupe expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 52% to 2022. The company is expected to make a profit of US$38.0k in 2023. Average annual earnings growth of 131% is required to achieve expected profit on schedule. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Shannon Warren is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Feb 16
Non-Independent Director recently bought €119k worth of stock On the 14th of February, Ian Harris bought around 17k shares on-market at roughly €6.83 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €162k more in shares than they have sold in the last 12 months. Breakeven Date Change • Feb 05
Forecast to breakeven in 2023 The 5 analysts covering Cantaloupe expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 52% to 2022. The company is expected to make a profit of US$507.3k in 2023. Average annual earnings growth of 131% is required to achieve expected profit on schedule. Reported Earnings • Feb 04
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: US$0.007 loss per share (up from US$0.045 loss in 2Q 2021). Revenue: US$51.1m (up 33% from 2Q 2021). Net loss: US$468.0k (loss narrowed 84% from 2Q 2021). Revenue exceeded analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 14%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 29% per year. Reported Earnings • Nov 06
First quarter 2022 earnings released: US$0.023 loss per share (vs US$0.11 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: US$45.8m (up 24% from 1Q 2021). Net loss: US$1.63m (loss narrowed 77% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Oct 12
Chief Revenue Officer Anant Agrawal has left the company On the 8th of October, Anant Agrawal's tenure as Chief Revenue Officer ended after 3.9 years in the role. As of June 2021, Anant still personally held 122.86k shares (€1.2m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.17 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Sep 03
Full year 2021 earnings released: US$0.14 loss per share (vs US$0.66 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: US$166.9m (up 2.3% from FY 2020). Net loss: US$9.37m (loss narrowed 77% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. 
