Business
Cantaloupe, Inc. Reports Record Revenue for the Fourth Quarter and Fiscal Year 2022
Fourth Quarter Revenue Increased 18% Year over Year to $58 million Fiscal Year 2022 Revenue Increased 23% Year over Year to $205 million MALVERN,
About this update from Cantaloupe, Inc.
[{"type":"text","content":"\nFourth Quarter Revenue Increased 18% Year over Year to $58 million\n\nFiscal Year 2022 Revenue Increased 23% Year over Year to $205 million\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 fourth quarter and fiscal year ended June 30, 2022.\n\nThe Company reported an all-time high for total quarterly revenue of $58 million, up 18% over fourth quarter 2021. This is also the fifth successive quarter with double-digit year-over-year revenue growth. For the full fiscal year, the Company reported a 23% increase in revenue to $205 million, also a new record.\n\nFourth Quarter 2022 Financial Highlights:\n\n\nRecord revenue of $58.0 million, an increase of 18% year over year. The increase was led by a fifth consecutive quarter of record transaction revenue\n\n\nTransaction fees of $30.0 million, an increase of 23% year over year\n\n\nSubscription fees of $14.9 million, an increase of 7% year over year\n\n\nEquipment sales of $13.1 million, an increase of 22% year over year\n\n\n\n\nTotal Dollar Volumes of Transactions in the fourth quarter were $616.1 million, an increase of 20% year over year\n\n\nGross margin of 29.5% compared with 30.2% in the prior year quarter\n\n\nSubscription and transaction fees margins of 39.5% compared to 39.3% in the prior year quarter\n\n\nEquipment sales margins of (4.6)% compared to (2.3)% in the prior year quarter\n\n\n\n\nGAAP Net loss applicable to common shares of $2.1 million, or $(0.03) per share, compared to Net income applicable to common shares of $2.7 million, or $0.04 per share, in the prior year period\n\n\nAdjusted EBITDA1 of $2.0 million compared to $5.0 million in the prior year period. Prior year benefited from a $2.9 million adjustment to a sales tax reserve due to a state law change\n\n\nFiscal Year 2022 Financial Highlights:\n\n\nRecord revenue of $205.2 million, an increase of 23% year over year\n\n\nTransaction fees of $110.7 million, an increase of 29% year over year\n\n\nSubscription fees of $58.1 million, an increase of 8% year over year\n\n\nEquipment sales of $36.4 million, an increase of 31% year over year\n\n\n\n\nTotal Dollar Volumes of Transactions in the fiscal yea...