Company: CTLPP
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001628280-25-004271
Chunk: 12

Company: CANTALOUPE, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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,806 482,329 Accumulated deficit(291,913)(300,459)   Accumulated other comprehensive loss(1,753)(124)Total shareholders’ equity190,140 181,746 Total liabilities, convertible preferred stock, and shareholders’ equity$303,045 $335,568 

See accompanying notes to condensed consolidated financial statements.

3

Cantaloupe, Inc.

Condensed Consolidated Statements of Operations

(Unaudited)

Three months endedSix months endedDecember 31,December 31,($ in thousands, except share and per share data)2024202320242023Revenues:Subscription and transaction fees$65,086 $56,029 $128,877 $111,164 Equipment sales8,636 9,330 15,681 16,878 Total revenues73,722 65,359 144,558 128,042 Costs of sales (exclusive of certain depreciation and amortization):Cost of subscription and transaction fees35,152 31,885 70,896 63,613 Cost of equipment sales7,850 9,158 14,091 15,785 Total costs of sales43,002 41,043 84,987 79,398 Operating expenses:Sales and marketing5,385 4,367 10,833 8,509 Technology and product development4,523 3,030 9,023 7,198 General and administrative11,239 10,505 23,166 20,943 Integration and acquisition expenses44 93 241 171 Depreciation and amortization3,366 2,736 6,038 5,483 Total operating expenses24,557 20,731 49,301 42,304 Operating income6,163 3,585 10,270 6,340 Other income (expense):Interest income398 493 845 1,010 Interest expense(993)(1,002)(1,984)(2,109)Other (expense) income, net(199)129 (12)52 Total other expense, net(794)(380)(1,151)(1,047)Income before income taxes5,369 3,205 9,119 5,293 Provision for income taxes(395)(81)(573)(162)Net income