Company: CTLPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050174
Chunk: 99

Company: CANTALOUPE, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 99
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 increased amortization of intangibles due to the acquisition of SB Software in late first quarter last year.

Other Expense, Net

Three months ended September 30,Change($ in thousands)20252024AmountPercentageOther income (expense):Interest income from cash and leases$350 $447 $(97)(21.7)%Interest income (expense) from debt and tax liabilities(914)(991)77 7.8 %Other income (expense), net(51)186 (237)127.4 %Total other expense, net$(615)$(358)$(257)(71.8)%

Other expense, net.  Other expense decreased $0.3 million for the three months ended September 30, 2025 as compared to the same period in 2024. Our interest expense from debt and tax liabilities decreased by $0.1 million primarily due to the reduced interest rate as a result of debt modification in January 2025. The decrease in interest income from cash and leases is primarily due to lower outstanding balances for our finance receivables.  Other income (expense), net decreased primarily due to foreign currency transactions.

Non-GAAP Financial Measures

We use non-GAAP financial measures for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide useful information about our operating results, enhance the overall understanding of past financial performance and future prospects and allow for greater transparency with respect to metrics used by our management in their financial and operational decision making. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for the financial measures prepared and presented in accordance with GAAP. Management recognizes that non-GAAP financial measures have limitations in that they do not reflect all of the items associated with our net income as determined in accordance with GAAP, and are not a substitute for or a measure of our profitability or net earnings.

Adjusted Gross Profit and Margin (non-GAAP)

We define Adjusted Gross Profit (non-GAAP) as revenue less cost of sales, exclusive of depreciation of internally-developed software and amortization of intangible assets related to technologies obtained through acquisitions.  We believe this non-GAAP measure is useful to view the resulting figures excluding the aforementioned non-cash charges because the amount of such expenses in any specific period may not directly correlate to the underlying performance of our business operations and such amounts vary substantially from company to company depending on their financing and capital structures and the method by which