Company: CTLPP
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023882
Chunk: 32

Company: CANTALOUPE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 32
---
 in deferred revenue at the beginning of the period(123)(268)Additions (reversals)813 373 Deferred revenue, end of the period$2,046 $1,893 

20

Nine months endedMarch 31,($ in thousands)20252024Deferred revenue, beginning of the period$1,726 $1,666 Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period(659)(475)Additions979 702 Deferred revenue, end of the period$2,046 $1,893 Lessor Operating Lease Payment ReceiptsThe Company will recognize revenue in future periods related to remaining performance obligations for certain open contracts. Generally, these contracts have terms of one year or less. The amount of revenue related to unsatisfied performance obligations in which the original duration of the contract is greater than one year are primarily associated with the Company's Cantaloupe ONE rental program which has a contractual term of 36 months. The following table reflects the estimated fees to be recognized in the future related to performance obligations that are unsatisfied as of March 31, 2025:($ in thousands)As of March 31, 2025Remainder of fiscal year 2025$1,506 20264,254 20271,627 2028290      Total$7,677 Contract CostsThe Company had net capitalized costs to obtain contracts of $1.0 million and $0.9 million included in Prepaid expenses and other current assets and $2.6 million and $2.4 million included in Other noncurrent assets on the Condensed Consolidated Balance Sheets as of March 31, 2025 and June 30, 2024, respectively. None of these capitalized contract costs were impaired. During the three and nine months ended March 31, 2025, amortization of capitalized contract costs was $0.2 million and $0.7 million, respectively. During the three and nine months ended March 31, 2024, amortization of capitalized contract costs was $0.2 million and $0.7 million, respectively. Amortization of costs to obtain a contract are included within Sales and marketing expenses within the Condensed Consolidated Statement of Operations.

11. STOCK-BASED COMPENSATION 

Stock OptionsThe Company estimates the grant date fair value of the stock options with service conditions (i.e., a condition that requires an employee to render services