Company: CTLPP
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001628280-25-004271
Chunk: 38

Company: CANTALOUPE, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 financial measures (Adjusted Gross Profit, Adjusted Gross Margin, and Adjusted EBITDA) which are defined below to evaluate our business and operations, measure our performance, identify trends affecting our business, project our future performance, and make strategic decisions. Additionally, refer to the non-GAAP Financial Measures section below for additional information and their reconciliation to the most comparable GAAP measures.

Active Devices 

Active Devices are devices that have communicated with us or have had a transaction in the last twelve months. Included in the number of Active Devices are devices that communicate through other devices that communicate or transact with us. For example, a self-service retail location that utilizes an ePort cashless payment device as well as Seed management services constitutes only one device.

Active Customers

The Company defines Active Customers as all customers with at least one active device.

Total Number of Transactions and Total Dollar Volume of Transactions

Transactions are defined as electronic payment transactions that are processed by our technology-enabled solutions. Management uses Total Number and Dollar Volume of transactions to evaluate the effectiveness of our customer acquisition strategies and our ability to leverage existing customers and partners.

Average Revenue Per Unit

The Company defines average revenue per unit ("ARPU") as our total subscription and transaction fees for the trailing 12 months divided by average total active devices for the trailing 12 months. 

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The following tables represents our selected operating metrics for the periods indicated:

As of and for the three months endedDecember 31, 2024September 30, 2024June 30, 2024March 31, 2024December 31, 2023Devices:Active Devices (thousands)1,269 1,230 1,223 1,217 1,226 Customers:Active Customers32,909 32,338 31,466 30,670 30,027 Volumes:Total Number of Transactions (millions)299.8293.7290.4283.3286.7 Total Dollar Volume of Transactions (millions)$843.1 $826.7 $815.7 $767.4 $730.1 Subscription and transaction fees - Trailing 12 months (thousands) $249,210 $240,153 $231,497 $223,342 $215,380 Average revenue per unit (ARPU)$202.20 $198.31 $193.64 $186.00 $181.91 

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