Company: CTLPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050174
Chunk: 14

Company: CANTALOUPE, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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— — — — 3,572 — 3,572 Balance, September 30, 2024385,782 $2,720 72,986,172 $— $483,052 $(296,887)$65 $186,230 

1    Shares withheld to satisfy tax withholding obligations in connection with restricted stock vestings.

See accompanying notes to condensed consolidated financial statements.

6

Cantaloupe, Inc.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

Three months endedSeptember 30,($ in thousands)20252024Cash flows from operating activities:Net (loss) income$(919)$3,572 Adjustments to reconcile net income to net cash provided by (used in) operating activities:Stock-based compensation1,009 887 Provision for expected losses685 949 Depreciation and amortization4,289 3,192 Deferred income taxes1,685 24 Other(572)223 Changes in operating assets and liabilities:Accounts receivable(4,816)11,047 Finance receivables1,003 1,081 Inventory(1,776)(3,863)Prepaid expenses and other assets(1,678)219 Accounts payable and accrued expenses6,375 (28,897)Operating lease liabilities(297)(197)Deferred revenue1,985 (255)Net cash provided by (used in) operating activities6,973 (12,018)Cash flows from investing activities:Capital expenditures(3,434)(3,791)Acquisition of business, net of cash acquired— (9,761)Net cash used in investing activities(3,434)(13,552)Cash flows from financing activities:Repayment of long-term debt(501)(286)Proceeds from exercise of common stock options1,289 — Payment of employee taxes related to stock-based compensation(473)(164)Net cash provided by (used in) financing activities315 (450)Effect of currency exchange rate changes on cash and cash equivalents(15)224 Net increase (decrease) in cash and cash equivalents3,839 (25,796)Cash and cash equivalents at beginning of year51,146 58,920 Cash and cash equivalents at end of period$54,985 $33,124 Supplemental disclosures of cash flow information:Interest paid in cash$759 $883 Income