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CTLP Price Correlated With Financials For Cantaloupe

Free historical financial statements for Cantaloupe, Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 44 quarters since 2011. Compare with CTLP stock chart to see long term trends.

CTLP Stock Compared to Quarterly

CTLP Income Statement

Revenue, Net:57782000
Revenue Per Share:0.8113
Cost of Goods & Services Sold:43620000
Gross Profit:14162000
Selling, General & Admin Expense:11578000
Total Operating Expenses:22680000
Operating Income:-8548000
Income Taxes:26000
Net Income:-8908000
Earnings Per Share, Basic:-0.13
Shares Outstanding, Basic Avg:71218130

CTLP Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:1315000
Change in Accounts Receiveable:4693000
Net Cash from Operations:-9032000
Net Cash from Operations Per Share:-0.1268
Net Cash from Financing Activities:-3344000
Property, Plant & Equipment Purchases:4956000
Net Cash from Investing Activities:-4956000
Net Change in Cash & Equivalents:-17332000

CTLP Balance Sheet

Cash and Cash Equivalents:50793000
Accounts Receivable, Net:41353000
Total Current Assets:126549000
Property, Plant & Equipment, Net:16640000
Total Assets:248464000
Accounts Payable:51780000
Current Portion of Long-Term Debt:693000
Total Short-Term Liabilities:81918000
Long Term Debt, Non-Current Portion:13757000
Total Liabilities:97900000

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
Hudson Executive Capital Lp
12,245,860 sh
Ardsley Advisory Partners Lp
5,717,121 sh
-101,079 sh
Blackrock Inc.
3,956,858 sh
-139,961 sh
Cowen and Company, LLC
3,855,240 sh
2,755,240 sh
Abrams Capital Management, L.P.
3,090,000 sh
Vanguard Group Inc
2,898,345 sh
44,373 sh
Sargent Investment Group, LLC
1,804,204 sh
82,930 sh
Antara Capital Lp
1,680,258 sh
-1,413,842 sh
Wasatch Advisors Inc
1,594,766 sh
-49,351 sh
G2 Investment Partners Management LLC
1,464,002 sh
1,160 sh
State Street Corp
1,140,061 sh
-33,144 sh
Nierenberg Investment Management Company, Inc.
1,104,940 sh
-200,000 sh
Geode Capital Management, LLC
1,037,357 sh
-32,673 sh
Heartland Advisors Inc
1,000,000 sh
250,000 sh
Antara Capital Lp
Call options for 1,000,000 sh
1,000,000 sh
Hudson Bay Capital Management Lp
904,341 sh
-497,600 sh
Invenire Partners, LP
888,295 sh
186,599 sh
First Washington Corp
660,895 sh
6,000 sh
Dimensional Fund Advisors LP
574,715 sh
117,354 sh
563,009 sh
-82,000 sh
BUSINESS On March 29, 2021, USA Technologies, Inc. filed Articles of Amendment to its Amended and Restated Articles of Incorporation with the Pennsylvania Department of State to effect a change of the Company’s name from “USA Technologies, Inc.” to “Cantaloupe, Inc.,” effective as of April 15, 2021. On April 19, 2021, the Company’s common stock, no par value per share (the “Common Stock”), began trading on the NASDAQ Global Select Market under the ticker symbol “CTLP” and the Company’s Series A Convertible Preferred Stock, no par value per share, began trading on the OTC Markets’ Pink Open Market under the trading symbol, “CTLP”.

Cantaloupe, Inc. (“Cantaloupe” or the “Company”) is a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market. We are transforming the unattended retail world by offering a solution for payments processing, as well as one that handles inventory management, pre-kitting, route logistics, warehouse and back-office management. Our enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies to operators of micro-markets, car wash and electric vehicle charging stations, commercial laundry, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.

Basis of Presentation

The consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (U.S. GAAP) and include the accounts of the Company and its subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation, consisting of normal recurring adjustments, have been included.

The Company operates as one operating segment because its chief operating decision maker, who is the Chief Executive Officer, reviews its financial information on a consolidated basis for purposes of making decisions regarding allocating resources and assessing performance.

Certain prior period amounts have been reclassified to conform with current year presentation. Additionally, in connection with the preparation of the condensed consolidated financial statements for the three months ended September 30, 2020, December 31, 2020 and March 31, 2021, the Company identified adjustments that related to prior period activity. The Company analyzed the potential impact of the errors in accordance with the appropriate guidance, from both a qualitative and quantitative perspective, and concluded that the errors were not material to the previously issued quarterly or annual financial statements and the correcting adjustments are included within the fiscal year ended June 30, 2021 financial statements.

Impact of COVID-19

The coronavirus (COVID-19) was first identified in China in December 2019, and subsequently declared a global pandemic in March 2020 by the World Health Organization. COVID-19 containment measures began in parts of the United States in March 2020 resulting in forced closure of non-essential businesses and social distancing protocols. As a result, COVID-19 has impacted our business, significantly reducing foot traffic to distributed assets containing our electronic payment solutions and reducing discretionary spending by consumers. The Company did not observe meaningful reductions in processing volume until middle of March 2020, when average daily processing volume decreased approximately 40%. By middle of April 2020, processing volumes began to recover and have improved through June 2021 and we are now operating at pre-pandemic levels of volumes.

In response to the outbreak and business disruption, first and for

Data imported from Cantaloupe, Inc. SEC filings. Check original filings before making any investment decision.