Company: CTLPP
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001628280-25-004271
Chunk: 39

Company: CANTALOUPE, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 Months Ended December 31, 2024 Compared to Three Months Ended December 31, 2023

Three Months Ended December 31,ChangePercent Change($ in thousands)202420232024 v. 2023Transaction fees$44,392 $37,892 $6,500 17.2 %Cost of transaction fees33,012 29,892 3,120 10.4 %Gross profit, transaction(1)$11,380 $8,000 3,380 42.3 %Gross margin, transaction 25.6 %21.1 %4.5 %Subscription fees$20,694 $18,137 2,557 14.1 %Cost of subscription fees2,140 1,993 147 7.4 %Amortization(2)2,248 1,673 575 34.4 %Gross profit, subscription fees$16,306 $14,471 1,835 12.7 %Gross margin, subscription78.8 %79.8 %(1.0)%Equipment sales$8,636 $9,330 (694)(7.4)%Cost of equipment sales7,850 9,158 (1,308)(14.3)%Gross profit, equipment(1)$786 $172 614 357.0 %Gross margin, equipment9.1 %1.8 %7.3 %Total gross profit$28,472 $22,643 5,829 25.7 %Total gross margin38.6 %34.6 %4.0 %(1) The Company's internal-use software assets and developed technology assets are not associated with transaction fees and equipment revenue.(2) Amortization of internal-use software assets and developed technology assets. 

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Highlights for the quarter ended December 31, 2024 include: 

•Revenues of $73.7 million, an increase of 12.8% quarter over same quarter prior year. The increase was led by higher transaction fees and subscription fees revenue;

•1.27 million Active Devices compared to the same quarter last year of 1.23 million, an increase of approximately 43 thousand Active Devices, or 3.5%;

•32,909 Active Customers compared to the same quarter last year of 30,027, an