Business
Cantaloupe, Inc. Reports First Quarter Fiscal Year 2022 Results
First Quarter Revenue Increased 24% Year over Year; Record Transaction Fee Revenue of $26.4 Million Reaffirms Fiscal Year 2022 Outlook MALVERN,
About this update from Cantaloupe, Inc.
[{"type":"text","content":"\nFirst Quarter Revenue Increased 24% Year over Year; Record Transaction Fee Revenue of $26.4 Million\n\nReaffirms Fiscal Year 2022 Outlook\n\n MALVERN, Pa.--(BUSINESS WIRE)--\nCantaloupe, Inc. (Nasdaq: CTLP) (“Cantaloupe” or the “Company”), a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market, today reported results for the fiscal year 2022 first quarter ended September 30, 2021.\n\n“We had a strong start to fiscal year 2022, with first quarter revenues increasing 24% year over year, driven by a 34% increase in transaction revenues and a 37% increase in equipment revenue over the prior year first quarter. As evidenced by our results, we see continued demand for Cantaloupe’s products and services,” said Sean Feeney, chief executive officer, Cantaloupe, Inc. \"We are executing on our product roadmap which we announced at the Innovation Summit in August, as well as deepening relationships with both existing and new customers.”\n\nFirst Quarter Financial Highlights:\n\n\nThe Company delivered revenues1 in the first quarter of $45.8 million, an increase of 24.1% year over year\n\n\nTransaction fees of $26.4 million, an increase of 34.3% year-over-year\n\n\nSubscription fees of $14.2 million, an increase of 5.8% year-over-year\n\n\nEquipment sales of $5.2 million, an increase of 36.8% year over year\n\n\n\n\nGross margin of 32.5% compared with 38.6% in the prior year period, the prior year period benefited from a one-time out of period adjustment\n\n\nSubscription and Transaction fees margins totaled 35.9% versus 41.6% in the prior year quarter\n\n\nEquipment sales margins were 5.3% compared to 12.4% in the prior year quarter\n\n\n\n\nOperating loss of $1.1 million for the quarter ended September 30, 2021, compared to operating loss of $3.6 million in the prior year period\n\n\nU.S. GAAP Net loss applicable to common shares of $1.6 million, or $0.02 per share compared to net loss applicable to common shares of $6.9 million, or $0.11 per share, in the prior year period\n\n\nAdjusted EBITDA2 of $1.9 million compared to $(0.5) million in the prior year period\n\n\nActive Devices totaled 1.11 million at the end of the first quarter of 2022 compared to 1.08 million at the end of the first quarter of 2020, an increase of 3%\n\n\nActive Customers totaled 20,738 at th...