Cantaloupe (CTLP) closed the last trading session at $7.06, gaining 3.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $9.90 indicates a 40.2% upside potential. The average comprises five short-term price targets ranging from a low of $9 to a high of $10.50, with a standard deviation of $0.55. While the lowest estimate indicates an increase of 27.5% from the current price level, ...

NEW YORK, May 20, 2024 (GLOBE NEWSWIRE) -- Today Talkspace (NASDAQ: TALK), a leading online behavioral health care company, announced the appointment of Ian Harris, a seasoned investment leader who currently oversees investor strategy and relations at the Company, as Chief Financial Officer. The Company has also announced that Jennifer Fulk will step down from her position as Chief Financial Officer. Ms. Fulk will assist with the transition process while spending time with family. "On behalf of the Board of ...

aquaArts studio/E+ via Getty Images I recommended Cantaloupe (NASDAQ:CTLP) to SeekingAlpha readers in February. FY24 Q3 results came out this week, so I'm writing to update my thesis. As of writing, with shares up over 10% since results were announced, the stock is down a few percent since my recommendation, underperforming the S&P's 5% return. After reviewing the results, I think that the thesis remains intact. I am noting the underperformance in the subscription segment, which was the core of my thesi ...

Cantaloupe, Inc. (NASDAQ:CTLP) Q3 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Dara Dierks - Investor Relations Ravi Venkatesan - Chief Executive Officer Scott Stewart - Chief Financial Officer Conference Call Participants Chris Kennedy - William Blair Josh Nichols - B. Riley Gary Prestopino - Barrington Research Vijay Devar - Northland Capital Markets Operator Good day and thank you for standing by. Welcome to the Cantaloupe Third Quarter Fiscal Year 2024 Earnings Conference Ca ...

For the quarter ended March 2024, Cantaloupe (CTLP) reported revenue of $67.9 million, up 12.5% over the same period last year. EPS came in at $0.06, compared to $0.09 in the year-ago quarter.The reported revenue represents a surprise of -2.41% over the Zacks Consensus Estimate of $69.57 million. With the consensus EPS estimate being $0.05, the EPS surprise was +20.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Cantaloupe (CTLP) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this electronic payment and wireless networking company would post earnings of $0.02 per share when it actually produced earnings of $0.04, delivering a surprise of 100%.Over the ...

Revenue Composition and Trends - Subscription and transaction fees accounted for 87% of revenue in Q1 2024, up from 85% in Q1 2023, while equipment sales decreased to 13% from 15%[133] Deferred Revenue and Performance Obligations - Deferred revenue at the end of Q1 2024 was $1.893 million, slightly down from $1.894 million in Q1 2023[139] - Revenue recognized from deferred revenue in Q1 2024 was $268,000, a significant increase from $94,000 in Q1 2023[139] - Future performance obligations for the remainder of fiscal year 2024 are $1.520 million, with $5.941 million for 2025 and $3.793 million for 2026[142] Amortization and Capitalized Costs - Amortization of capitalized contract costs was $0.2 million for Q1 2024, consistent with Q1 2023[143] Stock Options and Restricted Stock Awards - The company granted 175,000 stock options in the nine months ended March 31, 2024, with a weighted average exercise price of $6.92[145] - Total expense recognized for restricted stock awards was $0.5 million for Q1 2024, up from $0.3 million in Q1 2023[149] Net Income and Earnings Per Share - Net income applicable to common shareholders was $9.209 million for Q1 2024, a significant improvement from a net loss of $2.822 million in Q1 2023[153] - Basic earnings per share for Q1 2024 were $0.13, compared to a loss of $0.04 per share in Q1 2023[153] Insurance Settlement - The company agreed to a net settlement of approximately $1.5 million with a third-party insurance carrier, to be recognized as a gain in Q4 2024[159]

Cantaloupe, Inc. Reports Third Quarter Fiscal Year 2024 Financial Results Third Quarter 2024 Net Income Applicable to Common Shares of $4.4 Million and Adjusted EBITDA of $10.2 Million MALVERN, Pa. -- May 9, 2024 -- Cantaloupe, Inc. (Nasdaq: CTLP) ("Cantaloupe" or the "Company"), a leading provider of end-to-end technology solutions for self-service commerce, today reported results for the third quarter ended March 31, 2024. Third Quarter 2024 Key Financial Results: ______________ We define average revenue ...

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In its upcoming report, Cantaloupe (CTLP) is predicted by Wall Street analysts to post quarterly earnings of $0.05 per share, reflecting a decline of 44.4% compared to the same period last year. Revenues are forecasted to be $69.57 million, representing a year-over-year increase of 15.3%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. ...