Company: CTLPP
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001628280-25-004271
Chunk: 11

Company: CANTALOUPE, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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Item 1. Condensed Consolidated Financial Statements

Cantaloupe, Inc.

Condensed Consolidated Balance Sheets

December 31, 2024 (Unaudited)June 30, 2024($ in thousands, except share data)AssetsCurrent assets:Cash and cash equivalents$27,679 $58,920 Accounts receivable, net29,112 43,848 Finance receivables, net5,988 6,391 Inventory44,716 40,791 Prepaid expenses and other current assets9,514 7,844 Total current assets117,009 157,794 Non-current assets:Finance receivables, net7,700 10,036 Property and equipment, net37,694 34,029 Operating lease right-of-use assets7,939 7,986 Intangibles, net25,016 24,626 Goodwill102,292 94,903 Other assets5,395 6,194 Total non-current assets186,036 177,774 Total assets$303,045 $335,568 Liabilities, convertible preferred stock, and shareholders’ equityCurrent liabilities:Accounts payable$41,081 $78,895 Accrued expenses20,918 24,008 Current obligations under long-term debt1,458 1,266 Deferred revenue1,356 1,726 Total current liabilities64,813 105,895 Long-term liabilities:Deferred income taxes545 466 Long-term debt, less current portion35,554 36,284 Other noncurrent liabilities9,273 8,457 Total long-term liabilities45,372 45,207 Total liabilities110,185 151,102 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, respectively2,720 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 capital483