Company: CTLPP
Filing Date: 2025-07-11
Form Type: PREM14A
Source: 0001140361-25-025663
Chunk: 103

Company: CANTALOUPE, INC.
Filing Date: 2025-07-11
Form: PREM14A
Chunk 103
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 the section of this proxy statement titled “ Cautionary Statement Regarding Forward-Looking Information” above. A summary of the Management Projections is set forth in the following table, which Management Projections were prepared by Cantaloupe’s management to help develop a framework for evaluating the potential future value and financial outlook of Cantaloupe for the fiscal years ending June 30, 2025, 2026, 2027 and 2028. Management Projections

| (dollars in millions)            |     | 2025 |     | 2026 |     | 2027 |     | 2028 |
| Revenue                          |     | $305 |     | $364 |     | $416 |     | $469 |
| Adjusted EBITDA(1)               |     |  $49 |     |  $68 |     |  $95 |     | $115 |
| Stock-based Compensation Expense |     |   $3 |     |   $4 |     |   $4 |     |   $4 |
| Unlevered Cash Taxes(2)          |     |   $1 |     |   $2 |     |   $6 |     |  $17 |
| Capital Expenditures             |     |  $20 |     |  $15 |     |  $13 |     |  $15 |
| Changes in Net Working Capital   |     |  $19 |     |   $0 |     |  $10 |     |  $17 |
| Unlevered Free Cash Flow(3)      |     |   $5 |     |  $47 |     |  $62 |     |  $63 |

| (1) | Cantaloupe defines Adjusted EBITDA as net income calculated in accordance with GAAP plus the sum of interest income on cash and leases, interest expense on debt and sales tax reserves, income tax provision, depreciation, amortization, stock-based compensation expense, fees and charges, one-time project expense, one-time severance expenses, and infrequent integration and acquisition expense and certain other significant infrequent or unusual losses and gains that are not indicative of our core operations including asset impairment charges, and gain on extinguishment of debt. |

| (2) | Unlevered cash taxes includes the impact of Cantaloupe’s estimated federal net operating losses of $162 million as of June 30, 2024. |

| (3) | Cantalou