Cantaloupe, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 09, 2024 at 04:06 pm
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Cantaloupe, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported revenue was USD 67.9 million compared to USD 60.36 million a year ago. Net income was USD 4.66 million compared to USD 6.95 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.09 a year ago.
For the nine months, revenue was USD 195.94 million compared to USD 179.47 million a year ago. Net income was USD 9.79 million compared to net loss of USD 2.2 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to basic loss per share from continuing operations of USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to diluted loss per share from continuing operations of USD 0.04 a year ago.
Cantaloupe, Inc. is a global technology company. Its vertically integrated solutions fuel growth by offering micro-payments processing, enterprise cloud software, IoT technology, as well as kiosk and POS innovations. It offers a variety of solutions for self-service commerce, which enable the acceptance of digital payments and allow its customers to simplify inventory, analytics, warehouse, logistics, and back-office management. Its hardware includes Cantaloupe card readers, the Companyâs integrated payment device, as well as Cantaloupe Go POS kiosks, the Companyâs range of POS terminals, which are both deployed in self-service, applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others. Its Cantaloupe Go product line provides a variety of self-checkout kiosks. Its solutions are used by a variety of consumer services in North America, Latin America, Europe, and Australia, including vending machines, laundromats and others.