Company: CTLPP
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001628280-25-004271
Chunk: 81

Company: CANTALOUPE, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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2 million increase in compensation costs and a $0.2 million increase in sales and use taxes. This is offset by a decrease of $0.5 million in consulting fees, a $0.1 million decrease in software subscriptions, a $0.1 million decrease in legal fees compared to the same period in 2023.  The increase is also partially due to the acquisitions of Cheq and SB Software. 

Integration and acquisition expenses. On September 5, 2024, the Company acquired all of the equity interests of SB Software. For the three months ended December 31, 2024, integration and acquisition expenses were less than $0.1 million primarily due to professional services from accounting and legal advisors and UK taxes. Integration and acquisition expenses for the three months ended December 31, 2023 related to the acquisition of 32M.

Depreciation and amortization. Depreciation and amortization expenses increased $0.6 million for the three months ended December 31, 2024 compared to the same period in 2023 due to our acquisitions of Cheq and SB Software.

Other Expense, Net

Three months ended December 31,Change($ in thousands)20242023AmountPercentageOther income (expense):Interest income$398 $493 $(95)(19.3)%Interest expense(993)(1,002)9 0.9 %Other (expense) income, net(199)129 (328)254.3 %Total other expense, net$(794)$(380)$(414)(108.9)%

Other expense, net. Other expense increased $0.4 million for the three months ended December 31, 2024 as compared to the same period in 2023. Our interest expense from debt and tax liabilities was materially consistent for three months ended December 31, 2024 as compared to the same period in 2023. Decrease in interest income is primarily due to lower outstanding balances for our finance receivables. Other (expense) income, net decreased primarily due to foreign currency transactions.

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Six Months Ended December 31, 2024 Compared to Six Months Ended December 31, 2023

Six Months Ended December 31,ChangePercent Change($ in thousands)202420232024 v. 2023Transaction fees$87,995 $74,922 $13,073 17.4 %Cost of transaction fees(1)66