Company: CTLPP
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023882
Chunk: 70

Company: CANTALOUPE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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rued compensation and related sales commissions3,225 4,061 Operating lease liabilities - current1,449 1,320 Accrued professional fees2,349 4,336 Consideration withheld for acquisitions - current*355 1,370 Accrued other1,166 851 Total accrued expenses$17,493 $24,008 * See Note 9 - Acquisitions for a description of the arrangements.

16

8. GOODWILL AND INTANGIBLES

Intangible asset balances and goodwill consisted of the following:As of March 31, 2025Weighted Average Remaining Useful Life (Years)($ in thousands)GrossAccumulated AmortizationNetIntangible assets:Brand and trade names$2,598 (2,150)448 1.9Developed technology22,967 (15,348)7,619 3.4Customer relationships28,245 (11,700)16,545 8.0Total intangible assets$53,810 $(29,198)$24,612 6.5Goodwill$102,800 $— $102,800 IndefiniteAs of June 30, 2024Weighted Average Useful Life (Years)($ in thousands)GrossAccumulated AmortizationNetIntangible assets:Brand and trade names$2,361 $(1,852)$509 1.6Developed technology20,062 (13,304)6,758 3.6Customer relationships27,024 (9,665)17,359 8.8Total intangible assets$49,447 $(24,821)$24,626 7.2Goodwill$94,903 $— $94,903 IndefiniteDuring the three and nine months ended March 31, 2025, the Company recognized $1.6 million and $4.4 million, respectively, in amortization expense related to intangible assets. During the three and nine months ended March 31, 2024, the Company recognized $1.3 million and $4.3 million, respectively, in amortization expense related to intangible assets.

The Company performs an annual goodwill impairment test during the fourth quarter and more frequently if events and circumstances indicate that the asset might be impaired. The Company has determined that there is one single reporting unit for purposes of testing goodwill for impairment. During the nine months ended March