CANTALOUPE Reports Fourth Quarter 2023 Financial Results on June 30th 2023
September 20, 2023
🌥️Earnings Overview
On June 30, 2023, CANTALOUPE ($NASDAQ:CTLP) announced its financial results for the fourth quarter of fiscal year 2023. Revenue totaled USD 64.2 million, a 10.6% increase from the same quarter of the previous year. Net income for Q4 was USD 2.8 million, which was a dramatic improvement from the net loss of -2.1 million seen in the same quarter of the year before.
Share Price
At the close of the market, CANTALOUPE stock opened at $7.6 and closed at the same price, a 0.5% increase from the previous closing price of $7.6. This was despite a decline in overall market indices, indicating that investors are confident in CANTALOUPE’s performance and future growth potential. The fourth quarter results showed positive year-over-year growth in many key areas, such as revenue, net profits, and earnings per share. Overall, CANTALOUPE’s fourth quarter financial results demonstrate the value of the company’s long-term strategy and growing market share within its operating segments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cantaloupe. CANTALOUPE_Reports_Fourth_Quarter_2023_Financial_Results_on_June_30th_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_Reports_Fourth_Quarter_2023_Financial_Results_on_June_30th_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_Reports_Fourth_Quarter_2023_Financial_Results_on_June_30th_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_Reports_Fourth_Quarter_2023_Financial_Results_on_June_30th_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
As a GoodWhale consultant, I analyzed CANTALOUPE‘s wellbeing and created a star chart to measure their performance. The chart indicates that CANTALOUPE is strong in growth, medium in asset and weak in dividend, profitability. According to this, CANTALOUPE can be classified as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Therefore, investors who are willing to take risks may see this as an opportunity to potentially reap rewards. In terms of health score, the star chart shows that CANTALOUPE has an intermediate health score of 4/10 with regard to its cashflows and debt, which implies that the company might be able to sustain future operations in times of crisis. However, investors should assess the financial health of CANTALOUPE before making any 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
Cantaloupe reported positive financial results in the fourth quarter of 2023, with total revenue increasing 10.6% compared to the previous year to reach USD 64.2 million. Net income was also improved, climbing to USD 2.8 million from a net loss of -2.1 million in the same period of the prior year. With these figures, Cantaloupe presents an attractive investment opportunity for investors seeking short-term returns. The company has demonstrated growing revenues and profitability, as well as a strong track record of financial performance.
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