Cantaloupe (Cantaloupe) Gross Margin % : 37.20% (As of Dec. 2023)

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What is Cantaloupe Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Cantaloupe's Gross Profit for the three months ended in Dec. 2023 was $24.32 Mil. Cantaloupe's Revenue for the three months ended in Dec. 2023 was $65.36 Mil. Therefore, Cantaloupe's Gross Margin % for the quarter that ended in Dec. 2023 was 37.20%.

The historical rank and industry rank for Cantaloupe's Gross Margin % or its related term are showing as below:

CTLPP.PFD' s Gross Margin % Range Over the Past 10 Years
Min: 24.71 Med: 28.69 Max: 38.52
Current: 38.52

During the past 13 years, the highest Gross Margin % of Cantaloupe was 38.52%. The lowest was 24.71%. And the median was 28.69%.

CTLPP.PFD's Gross Margin % is ranked worse than
54.6% of 2628 companies
in the Software industry
Industry Median: 41.71 vs CTLPP.PFD: 38.52

Cantaloupe had a gross margin of 37.20% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Cantaloupe was 4.50% per year.

Cantaloupe Gross Margin % Historical Data

The historical data trend for Cantaloupe's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cantaloupe Gross Margin % Chart

Cantaloupe Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

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27.82

28.36

32.36

31.28

33.34

Cantaloupe Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															30.07	37.93	40.11	38.81	37.20

Competitive Comparison of Cantaloupe's Gross Margin %

For the Information Technology Services subindustry, Cantaloupe's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cantaloupe's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Cantaloupe's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Cantaloupe's Gross Margin % falls into.

Cantaloupe Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Cantaloupe's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	81.2	/	243.641
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(243.641 - 162.405)	/	243.641
	=	33.34 %

Cantaloupe's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	24.3	/	65.359
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(65.359 - 41.043)	/	65.359
	=	37.20 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Cantaloupe (OTCPK:CTLPP.PFD) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Cantaloupe had a gross margin of 37.20% for the quarter that ended in Dec. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Cantaloupe Gross Margin % Related Terms

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Cantaloupe (Cantaloupe) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cantaloupe Inc (OTCPK:CTLPP.PFD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

CTLP:USA

Address

100 Deerfield Lane, Suite 300, Malvern, PA, USA, 19355

Website

https://www.cantaloupe.com

Cantaloupe Inc operates in the small ticket electronic payments industry. It provides wireless, cashless, micro-transactions, and networking services within the unattended Point of Sale (POS) market. Its products and services portfolio consists of ePort Cashless devices, eSuds, EnergyMisers, and Value-added services which include Loyalty and Prepaid, Intelligent Vending, and others. The company offers services to different industries covering car wash, taxi and transportation, laundry, vending, kiosk, amusement, and arcade. The Company derives revenue from the sale or lease of equipment and services to the small ticket, unattended POS market and majority of its revenue is derived from subscription and transaction fees.