Company: CTLPP
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023882
Chunk: 11

Company: CANTALOUPE, INC.
Filing Date: 2025-05-08
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

March 31, 2025 (Unaudited)June 30, 2024($ in thousands, except share data)AssetsCurrent assets:Cash and cash equivalents$46,337 $58,920 Accounts receivable, net33,904 43,848 Finance receivables, net5,820 6,391 Inventory, net46,207 40,791 Prepaid expenses and other current assets12,928 7,844 Total current assets145,196 157,794 Non-current assets:Finance receivables, net6,462 10,036 Property and equipment, net36,437 34,029 Operating lease right-of-use assets7,622 7,986 Intangibles, net24,612 24,626 Goodwill102,800 94,903 Deferred income taxes, net41,618 — Other assets5,777 6,194 Total non-current assets225,328 177,774 Total assets$370,524 $335,568 Liabilities, convertible preferred stock, and shareholders’ equityCurrent liabilities:Accounts payable$59,506 $78,895 Accrued expenses17,493 24,008 Current obligations under long-term debt1,934 1,266 Deferred revenue2,046 1,726 Total current liabilities80,979 105,895 Long-term liabilities:Deferred income taxes, net— 466 Long-term debt, less current portion37,226 36,284 Other noncurrent liabilities8,910 8,457 Total long-term liabilities46,136 45,207 Total liabilities127,115 151,102 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 $23,301 and $22,722 at March 31, 2025 and June 30, 2024, respectively2,720 2,720 Shareholders’ equity:Common stock, no par value, 640,000,000 shares authorized, 73,040,575 and 72,935,497 shares issued and outstanding at March 31, 2025 and June 30