Company: CTLPP
Filing Date: 2025-09-08
Form Type: 10-K
Source: 0001628280-25-041775
Chunk: 58

Company: CANTALOUPE, INC.
Filing Date: 2025-09-08
Form: 10-K
Item: Item 1A
Chunk 58
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 consumer and business confidence typically associated with recessionary environments may result in decreased spending by consumers;

•higher consumer debt levels or high unemployment may result in decreased spending by consumers;

•budgetary concerns in the United States and other countries could affect sovereign credit ratings, and impact consumer confidence and spending; 

•supply chain disruptions may result in decreased spending by consumers whose ability to provide goods and services is materially impacted;

•supply chain disruptions could also impact our ability to purchase devices for existing or prospective customers; 

•current and potential future inflationary pressures, which may adversely impact spending by consumers; and

•deterioration of emerging market economies, which tend to be more sensitive to adverse economic trends than the more established markets we serve.

In addition, climate-related events, including extreme weather events and natural disasters and their effect on critical infrastructure in the U.S. or internationally, could have similar adverse effects on our customers and our operations.

Impacts of widespread inflation and tariffs could negatively affect our industry. 

Our own costs, including labor, hardware, services, technology providers, and other variable expenses could be impacted by severe, widespread or continuing inflation and the levying of tariffs. Our customer base includes many small businesses, some of which operate on tight margins. Our customers may not successfully navigate a rising cost environment, causing collection issues or bankruptcies. Inflation could seriously erode the discretionary buying decisions of consumers, impacting size of purchases or volumes at our unattended points of sale. 

We only recently began to be profitable and if we incur losses in the future, the price of our shares can be expected to fall.

We experienced losses from inception through June 30, 2012, and from fiscal year 2015 through fiscal year 2022. For fiscal years 2025, 2024 and 2023, we recognized net income of $64.5 million, $12.0 million and $0.6 million, respectively. Despite recent profitability, there can be no assurance that we will continue to be profitable in the future. Accordingly, we may be required to use our cash and cash equivalents on hand and may raise capital to meet cash flow requirements including the issuance of common stock or debt financing. Additionally, if we incur losses in the future, the price of our common stock can be expected to fall.

17

If we are not able to implement successful enhancements and new features for our products and services, our business could be materially and adversely affected. 

Our success depends on our ability to develop new products and services to