Company: CTLPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050174
Chunk: 81

Company: CANTALOUPE, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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3 million increase in compensation and benefits and a $0.2 million increase in subscription and other expenses.

General and administrative expenses. General and administrative expenses decreased by $2.6 million for the three months ended September 30, 2025 compared to the same period in 2024 primarily due to a one-time decrease due to the receipt of $2.3 million in Employee Retention Tax credits and a $0.3 million decrease in professional services.

Merger, acquisition, and integration expenses. As described in Merger with 365 Retail Markets, LLC above, the Company is incurring professional service fees in preparation for the Merger. For the three months ended September 30, 2025, substantially all of the Merger, acquisition, and integration expenses relate to these professional services. Merger, acquisition, and integration expenses for the same period in 2024 relate to the acquisition of SB Software.

Depreciation and amortization. Depreciation and amortization expenses increased by $1.1 million for the three months ended September 30, 2025 compared to the same period in 2024 primarily due to $0.9 million in increased amortization of internal use software and $0.2 million in 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