CANTALOUPE Reports Fourth Quarter Fiscal Year 2023 Earnings Results
September 8, 2023
🌥️Earnings Overview
CANTALOUPE ($NASDAQ:CTLP) announced its earnings figures for the fourth quarter of FY 2023 on September 6, 2023. Total revenue was USD 64.2 million, which represented a 10.6% increase compared to Q4 of FY 2022. Net income rose to USD 2.8 million from -2.1 million in the same quarter the previous year.
Market Price
On Wednesday, CANTALOUPE reported their fourth quarter fiscal year 2023 earnings results. The news saw the stock open at $7.6 and close at the same price, rising by 0.5% from the previous closing price of $7.6. This positive result reflects the strong performance of CANTALOUPE in the fourth quarter of the fiscal year. It is a sign that the company has achieved success in meeting its financial goals and targets set for the period.
Investors and analysts alike welcomed the news, as it highlights the solid progress that CANTALOUPE is making in the industry. Going forward, analysts are cautiously optimistic about the outlook for CANTALOUPE’s stock price in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cantaloupe. CANTALOUPE_Reports_Fourth_Quarter_Fiscal_Year_2023_Earnings_Results”>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_Fiscal_Year_2023_Earnings_Results”>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_Fiscal_Year_2023_Earnings_Results”>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_Fiscal_Year_2023_Earnings_Results”>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
GoodWhale’s analysis of CANTALOUPE‘s fundamentals show that the company has an intermediate health score of 4/10, considering its cashflows and debt. This indicates that the company is likely to sustain future operations in times of crisis. Upon further inspection, we classified CANTALOUPE as a ‘cheetah’ type of company, meaning that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are interested in CANTALOUPE should be aware that the company is strong in growth, medium in asset and weak in dividend and profitability. Therefore, investors who prioritize high growth potential may find CANTALOUPE appealing. However, caution should be taken when investing as the company is not as stable and secure as other types of companies. 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 recently released their financial results for the fourth quarter of FY 2023, with total revenues reaching USD 64.2 million, a 10.6% increase compared to the previous year. Net income was reported at USD 2.8 million, which is an improvement from the negative USD 2.1 million reported in the prior year. This indicates that CANTALOUPE is in a strong position for further growth. Investors may consider CANTALOUPE a good potential opportunity given its positive financial results, especially for longer-term investments.
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