Company: CTLPP
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001628280-25-004271
Chunk: 102

Company: CANTALOUPE, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 2
Chunk 102
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 $(95)(19.3)%Interest expense(993)(1,002)9 0.9 %Other (expense) income, net(199)129 (328)254.3 %Total other expense, net$(794)$(380)$(414)(108.9)%

Other expense, net. Other expense increased $0.4 million for the three months ended December 31, 2024 as compared to the same period in 2023. Our interest expense from debt and tax liabilities was materially consistent for three months ended December 31, 2024 as compared to the same period in 2023. Decrease in interest income is primarily due to lower outstanding balances for our finance receivables. Other (expense) income, net decreased primarily due to foreign currency transactions.

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Six Months Ended December 31, 2024 Compared to Six Months Ended December 31, 2023

Six Months Ended December 31,ChangePercent Change($ in thousands)202420232024 v. 2023Transaction fees$87,995 $74,922 $13,073 17.4 %Cost of transaction fees(1)66,315 59,809 6,506 10.9 %Gross profit, transaction$21,680 $15,113 6,567 43.5 %Gross margin, transaction24.6 %20.2 %4.4 %Subscription fees$40,882 $36,242 4,640 12.8 %Cost of subscription fees4,581 3,803 778 20.5 %Amortization(2)3,995 3,616 379 10.5 %Gross profit, subscription$32,306 $28,823 3,483 12.1 %Gross margin, subscription79.0 %79.5 %(0.5)%Equipment sales$15,681 $16,878 (1,197)(7.1)%Cost of equipment sales14,091 15,785 (1,694)(10.7)%Gross profit, equipment(1)$1,590 $1,093 497 45.5 %Gross margin, equipment10.1 %6.5 %3.7 %Total gross profit$55,576 $45,028 10,547