Company: CTLPP
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023882
Chunk: 79

Company: CANTALOUPE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 computed by dividing net earnings by the weighted average number of common shares outstanding during the period. Diluted earnings per share, applicable only to years ended with reported income is computed by dividing net income by the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The calculation of basic and diluted earnings per share is presented below:Three months ended March 31,($ in thousands, except per share data)20252024Numerator for basic and diluted earnings per shareNet income$49,156 4,656Preferred dividends(289)(289)Net income applicable to common shareholders$48,867 $4,367 Denominator for basic earnings per share - Weighted average shares outstanding73,169,131 72,851,498 Effect of dilutive potential common shares1,585,287 1,216,939 Denominator for diluted earnings per share - Adjusted weighted average shares outstanding74,754,418 74,068,437 Basic earnings per share$0.67 $0.06 Diluted earnings per share$0.65 $0.06 Nine months ended March 31,($ in thousands, except per share data)20252024Numerator for basic and diluted earnings per shareNet income$57,702 9,787Preferred dividends(578)(578)Net income applicable to common shareholders$57,124 $9,209 Denominator for basic earnings per share - Weighted average shares outstanding73,117,081 72,770,582 Effect of dilutive potential common shares1,402,870 1,284,238 Denominator for diluted earnings per share - Adjusted weighted average shares outstanding74,519,951 74,054,820 Basic earnings per share$0.78 $0.13 Diluted earnings per share$0.77 $0.12 

Potentially anti-dilutive shares excluded from the calculation of diluted earnings per share were approximately 0.8 million and 1.0 million for the nine months ended March 31, 2025 and 2024, respectively. 

14. COMMITMENTS AND CONTINGENCIES

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LitigationFrom time to time, we may be a party to litigation and other proceedings that arise in the ordinary course of our business. These types of matters could result in fines, penalties, compensatory