Cantaloupe, Inc. Files Q2 Fiscal 2025 10-Q
Ticker: CTLPP · Form: 10-Q · Filed: Feb 6, 2025 · CIK: 896429
| Field | Detail |
|---|---|
| Company | Cantaloupe, Inc. (CTLPP) |
| Form Type | 10-Q |
| Filed Date | Feb 6, 2025 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
Cantaloupe's Q2 FY25 10-Q is in. Check financials.
AI Summary
Cantaloupe, Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the second quarter of their fiscal year. Key financial data and operational details for this period are presented, reflecting the company's performance in its vending and unattended retail solutions business.
Why It Matters
This filing provides investors with an update on Cantaloupe's financial health and operational performance for the second quarter of fiscal year 2025, crucial for investment decisions.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information and forward-looking statements that inherently carry investment risk.
Key Numbers
- Q2 — Quarter (Fiscal Year 2025)
- 2024-12-31 — Period End Date (Financial Reporting)
Key Players & Entities
- CANTALOUPE, INC. (company) — Filer
- 20241231 (date) — Period of Report
- 20250206 (date) — Filing Date
- 0000896429 (company) — Central Index Key
- PA (location) — State of Incorporation
- USA TECHNOLOGIES INC (company) — Former Company Name
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is December 31, 2024.
What is the filing date of this 10-Q?
This 10-Q filing was submitted on February 6, 2025.
What is the Central Index Key (CIK) for Cantaloupe, Inc.?
The Central Index Key for Cantaloupe, Inc. is 0000896429.
What was Cantaloupe, Inc.'s former company name?
Cantaloupe, Inc. was formerly known as USA TECHNOLOGIES INC.
In which state is Cantaloupe, Inc. incorporated?
Cantaloupe, Inc. is incorporated in Pennsylvania (PA).
Filing Stats: 4,666 words · 19 min read · ~16 pages · Grade level 15.9 · Accepted 2025-02-06 16:44:48
Filing Documents
- ctlp-20241231.htm (10-Q) — 1218KB
- a20241231-exx311.htm (EX-31.1) — 10KB
- a20241231-exx312.htm (EX-31.2) — 10KB
- a20241231-exx321.htm (EX-32.1) — 4KB
- a20241231-exx322.htm (EX-32.2) — 4KB
- ctlp-20241231_g1.jpg (GRAPHIC) — 98KB
- 0001628280-25-004271.txt ( ) — 6872KB
- ctlp-20241231.xsd (EX-101.SCH) — 44KB
- ctlp-20241231_cal.xml (EX-101.CAL) — 100KB
- ctlp-20241231_def.xml (EX-101.DEF) — 168KB
- ctlp-20241231_lab.xml (EX-101.LAB) — 574KB
- ctlp-20241231_pre.xml (EX-101.PRE) — 391KB
- ctlp-20241231_htm.xml (XML) — 980KB
- Financial Information
Part I - Financial Information Item 1. Condensed Consolidated Financial Statements Condensed Consolidated Balance Sheets - December 31 , 2024 (unaudited) and June 30, 2024 3 Condensed Consolidated Statements of Operations - Three and Six Months ended December 31 , 2024 and 2023 (unaudited) 4 Condensed Consolidated Statements of Comprehensive Income - Three a nd Six Months ended Decem ber 31 , 2024 and 2023 (unaudited) 5 Condensed Consolidated Statements of Convertible Preferred Stock and Shareholders' Equity - Three and Six Months ended December 31 , 2024 and 2023 (unaudited) 6 Condensed Consolidated Statements of Cash Flows - Six Months ended December 31 , 2024 and 2023 (unaudited) 7 Notes to Condensed Consolidated Financial Statements (unaudited) 8 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 22 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 34 4.
Controls and Procedures
Controls and Procedures 34
- Other Information
Part II - Other Information Item 1. Legal Proceedings 35 1A. Risk Factors 35 2. Unregistered Sales of Equity Securities and Use of Proceeds 35 3. Defaults Upon Senior Securities 35 4. Mine Safety Disclosures 35 5. Other Information 35 6. Exhibits 36
Financial Information
Part I. Financial Information
Condensed Consolidated Financial Statements
Item 1. Condensed Consolidated Financial Statements Cantaloupe, Inc. Condensed Consolidated Balance Sheets December 31, 2024 (Unaudited) June 30, 2024 ($ in thousands, except share data) Assets Current assets: Cash and cash equivalents $ 27,679 $ 58,920 Accounts receivable, net 29,112 43,848 Finance receivables, net 5,988 6,391 Inventory 44,716 40,791 Prepaid expenses and other current assets 9,514 7,844 Total current assets 117,009 157,794 Non-current assets: Finance receivables, net 7,700 10,036 Property and equipment, net 37,694 34,029 Operating lease right-of-use assets 7,939 7,986 Intangibles, net 25,016 24,626 Goodwill 102,292 94,903 Other assets 5,395 6,194 Total non-current assets 186,036 177,774 Total assets $ 303,045 $ 335,568 Liabilities, convertible preferred stock, and shareholders' equity Current liabilities: Accounts payable $ 41,081 $ 78,895 Accrued expenses 20,918 24,008 Current obligations under long-term debt 1,458 1,266 Deferred revenue 1,356 1,726 Total current liabilities 64,813 105,895 Long-term liabilities: Deferred income taxes 545 466 Long-term debt, less current portion 35,554 36,284 Other noncurrent liabilities 9,273 8,457 Total long-term liabilities 45,372 45,207 Total liabilities 110,185 151,102 Commitments and contingencies (Note 14) Convertible preferred stock: Series A convertible preferred stock, 900,000 shares authorized, 385,782 and 385,782 issued and outstanding, with liquidation preferences of $ 23,011 and $ 22,722 at December 31, 2024 and June 30, 2024, respectively 2,720 2,720 Shareholders' equity: Common stock, no par value, 640,000,000 shares authorized, 73,034,575 and 72,935,497 shares issued and outstanding at December 31, 2024 and June 30, 2024, respectively — — Additional paid-in capital 483,806 482,329 Accumulated deficit ( 291,913 ) ( 300,459 ) Accumulated other comprehensive loss ( 1,753 ) ( 124 ) Total shareholders' equity 190,140 181,746 Total liabilities, con