CANTALOUPE Releases FY2023 Q4 Earnings Results for Period Ending June 30 2023
September 13, 2023
🌥️Earnings Overview
CANTALOUPE ($NASDAQ:CTLP) reported their earnings results for the fiscal year 2023 fourth quarter on September 6 2023, for the period ending June 30 2023. Total revenue rose 10.6% annually to USD 64.2 million and reported net income was USD 2.8 million, as opposed to a loss of -2.1 million in the same quarter of the prior year.
Share Price
On Wednesday, CANTALOUPE released its financial results for the fourth quarter of FY2023, for the period ending June 30 2023. At the opening of the trading day, CANTALOUPE stock opened at $7.6 and closed at $7.6, up by a modest 0.5% from the previous closing price of $7.6. This increase in share price is indicative of a strong financial performance in the quarter, with the company able to meet the expectations of its investors. Although this is a modest increase, it is still a positive result considering the economic uncertainty caused by the current global pandemic.
As the company winds down the fourth quarter of FY2023, investors can take comfort in the fact that CANTALOUPE has managed to maintain its financial stability despite difficult market conditions. This is a testament to the resilience of the company’s business strategy and its ability to sustain strong financial returns for shareholders over the long term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cantaloupe. CANTALOUPE_Releases_FY2023_Q4_Earnings_Results_for_Period_Ending_June_30_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 243.64 | 0.01 | 1.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cantaloupe. CANTALOUPE_Releases_FY2023_Q4_Earnings_Results_for_Period_Ending_June_30_2023″>More…
| Operations | Investing | Financing |
| 14.19 | -51.87 | 20.48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cantaloupe. CANTALOUPE_Releases_FY2023_Q4_Earnings_Results_for_Period_Ending_June_30_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 289.61 | 122.02 | 2.31 |
Key Ratios Snapshot
Some of the financial key ratios for Cantaloupe are shown below. CANTALOUPE_Releases_FY2023_Q4_Earnings_Results_for_Period_Ending_June_30_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.3% | -32.4% | 1.3% |
| FCF Margin | ROE | ROA |
| -0.8% | 1.2% | 0.7% |
Analysis
We at GoodWhale recently conducted a comprehensive analysis of CANTALOUPE‘s wellbeing. Our Risk Rating considers financial and business aspects, and it has concluded that CANTALOUPE is a medium risk investment. However, we have detected 1 risk warnings in their income sheet. We invite you to register on our website to take a closer look at this risk warning. Make sure to check out our other content as well, as we provide valuable tips and insights on how to best assess the risks of any potential investments. More…
Peers
The company has a strong focus on innovation and customer satisfaction. It has won numerous awards for its products and services. Cantaloupe Inc’s competitors include Conduent Inc, Keyware Technologies NV, and MobilityOne Ltd.
– Conduent Inc ($NASDAQ:CNDT)
Conduent Inc is a company that provides business process services. This includes human resources, finance and accounting, customer care, and analytics. They serve both the public and private sector. As of 2022, their market cap is 820.5 million and their ROE is 13.37%.
– Keyware Technologies NV ($LTS:0J0H)
Keyware Technologies NV, a provider of software solutions, has a market cap of 23.64M as of 2022. The company has a Return on Equity of 2.31%. Keyware Technologies NV provides software solutions that enable businesses to secure their data and operations. The company’s products are used by government agencies, financial institutions, and Fortune 500 companies.
– MobilityOne Ltd ($LSE:MBO)
MobilityOne Ltd is a provider of mobile commerce and payment solutions. The company has a market capitalization of $13.18 million and a return on equity of 15.37%. MobilityOne’s solutions enable businesses to accept payments via mobile devices and to conduct transactions using mobile devices. The company’s products and services are used by businesses of all sizes, from small businesses to large enterprises.
Summary
Investors in CANTALOUPE have much to be pleased with following the release of their Q4 FY2023 earnings. Total revenue increased by 10.6%, while reported net income was a positive USD 2.8 million compared to the previous year’s reported loss of -2.1 million. These figures demonstrate a healthy increase in profitability for the company, which stands as a sign of optimism for the future. With such promising returns, investors can continue to anticipate a positive trajectory of growth for CANTALOUPE’s financial performance.
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