Executive Summary
Cantaloupe Inc reported QQ4 2024 revenue of $72.66 million, up 13.22% year over year and 7.01% quarter over quarter, driven by continued adoption of its unattended retail payments solutions. The company delivered a gross margin of approximately 37.3% and generated positive operating income of about $3.54 million, translating to an operating margin near 4.87% and net income of roughly $2.21 million (net margin ~3.04%). EPS stood at $0.0303 (diluted $0.0297). Cash from operations totaled $14.26 million with free cash flow of $8.50 million, enabling a net cash position approaching $58.9 million at period end. The balance sheet remains solid, with modest leverage, ample liquidity, and a negative net debt position (cash exceeds debt), supporting optionality for strategic investments or share initiatives.
Significant themes for investors include: (1) revenue growth momentum amid a still-recovering or evolving unattended retail payments market, (2) ongoing profitability framework improvements but with elevated operating costs that constrain margin expansion in the near term, and (3) a strong cash generation profile and a prudent balance sheet position that provides resilience and optionality in a competitive fintech landscape. The company does not publish explicit forward guidance in the QQ4 results, so investors should monitor management commentary for cadence on growth initiatives, product migrations, and stance on profitability targets as the business scales its software and services ecosystem.
Key Performance Indicators
QoQ: -52.62% | YoY:-22.10%
QoQ: -49.42% | YoY:-22.31%
Key Insights
Revenue: $72.657 million for QQ4 2024; YoY growth 13.22%; QoQ growth 7.01%.
Gross Profit: $27.100 million; Gross Margin: 37.30% (gross margin trend favorable versus prior periods).
Operating Income: $3.536 million; Operating Margin: 4.87%.
EBITDA: $7.023 million; EBITDA Margin: 9.66%.
Net Income: $2.206 million; Net Margin: 3.04%; EPS: $0.0303 (diluted $0.0297).
Weighted Avg Shares: 72.819 million (basic); 74.172 million (diluted).
Cash Flow: Net cash provided by operating activities $14.264 mil...
Financial Highlights
Revenue: $72.657 million for QQ4 2024; YoY growth 13.22%; QoQ growth 7.01%.
Gross Profit: $27.100 million; Gross Margin: 37.30% (gross margin trend favorable versus prior periods).
Operating Income: $3.536 million; Operating Margin: 4.87%.
EBITDA: $7.023 million; EBITDA Margin: 9.66%.
Net Income: $2.206 million; Net Margin: 3.04%; EPS: $0.0303 (diluted $0.0297).
Weighted Avg Shares: 72.819 million (basic); 74.172 million (diluted).
Cash Flow: Net cash provided by operating activities $14.264 million; Free cash flow $8.504 million; CFO yield per share $0.196; FCF per share $0.117.
Liquidity & Balance Sheet: Cash and cash equivalents $58.92 million; Total assets $335.57 million; Total liabilities $151.10 million; Shareholders’ equity $184.47 million; Current ratio 1.49; Quick ratio 1.11; Net debt negative $11.59 million (cash exceeds debt).
Capital Allocation: Capital expenditures $5.76 million; stock issued $0.019 million; no dividends in QQ4 2024; net cash increase $8.72 million; cash at period end $58.92 million.
Valuation (as of QQ4 2024 data): Price-to-Sales 32.07x; Price-to-Earnings 264.08x; Price-to-Book 12.63x; EV/Sales 330.15x; Cash flow metrics show premium multiples versus peers, underscoring elevated growth expectations in equity pricing.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
72.66M |
13.22% |
7.01% |
| Gross Profit |
27.10M |
5.28% |
0.72% |
| Operating Income |
3.54M |
2.46% |
-17.61% |
| Net Income |
2.21M |
-22.10% |
-52.62% |
| EPS |
0.03 |
-22.31% |
-49.42% |
Key Financial Ratios
operatingProfitMargin
4.87%
operatingCashFlowPerShare
$0.2
freeCashFlowPerShare
$0.12
priceEarningsRatio
264.08
Management Commentary
Transcript materials for QQ4 2024 were not provided in the data excerpt. As a result, management quotes or thematic quotes from earnings call are not available in this dataset. Investors should consult the official earnings call transcript or investor relations materials for verbatim management commentary and sentiment.
Forward Guidance
There is no formal forward guidance disclosed in the QQ4 2024 filing. In lieu of explicit targets, investors should consider the following factors as potential catalysts and watchpoints: (a) growth trajectory of unattended retail payments, (b) adoption and monetization of Cantaloupe’s software back-end and back-office solutions, (c) progress of strategic partnerships (e.g., Bakkt, Castles Technology) and their impact on device penetration and digital payments adoption, (d) gross margin trajectory as mix shifts toward software/services versus hardware, and (e) operating expense discipline and any leverage from scale. Given the cash-rich balance sheet and positive operating cash flow, the company could pursue moderate investments in product development, strategic acquisitions, or selective buybacks if business momentum supports such actions. Key channels to monitor include revenue mix shifts, customer concentration, regional expansion, and any indicated milestones for profitability improvements or target margins.