Q2 2025 Cantaloupe Inc Earnings Call Transcript
Key Points
- Cantaloupe Inc (CTLP) reported a 13% year-over-year increase in total revenue for Q2, reaching $73.7 million.
- Transaction revenue grew by 17% and subscription revenue by 14% year-over-year, indicating strong performance in these segments.
- The company achieved a total adjusted gross margin of 41.7%, up from 37.2% in the same quarter last year.
- Adjusted EBITDA increased by 26% year-over-year, reflecting successful expansion of operating leverage.
- Cantaloupe Inc (CTLP) continues to see strong growth in micro markets and penetration of seed software with both existing and new customers.
- Equipment revenue decreased by 7% compared to Q2 FY24, indicating potential challenges in this segment.
- Total operating expenses increased to $24.5 million from $20.7 million in Q2 FY24, largely due to expenses from recent acquisitions.
- The cash balance decreased compared to the year-end balance as of June 30, 2024, due to timing of payments for transaction processing.
- The international business mix remains under 5%, suggesting limited growth in international markets.
- The guidance range for total revenue is relatively wide, indicating uncertainty in achieving the higher end of the forecast.
Hello, Thank you for standing by. Welcome to the Cantaloupe second quarter, fiscal year 2025 conference call.
(Operator Instructions)
I would now like to turn the conference over to your speaker for today, Magna Mera. You may now begin.
Thank you. Good afternoon, everyone. Welcome to the Cantaloupe second quarter earnings conference call with me on the call. Today is Ravi Venkatesan Chief Executive Officer and Scott Stewart, Chief Financial Officer. Before we begin today's call, we would like to remind you that all statements included in this call other than statements of historical facts are forward-looking in nature.
Actual results could differ materially from those contemplated by the forward-looking statements because of certain factors including but not limited to business, financial market and economic conditions. A detailed discussion of the risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements is included in our filings with the SEC and in
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