Payments

Cantaloupe reports strong Q4 and FY 2021

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September 3, 2021

Cantaloupe Inc., a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market, reported record revenue for the fourth quarter and fiscal year ended June 30, 2021, according to a press release.

Revenue rose 14.6% from $32.6 million in Q4, 2020 to $49 million, in Q4, 2021, and an increase of 50.2% year over year.

The company posted a $2.68 million income gain in Q4 2021 compared to a $11.4 million loss in Q4 2020.

Basic and diluted earnings per share rose from an 18-cent loss to a 4-cent gain in the comparative fourth quarters.

Revenue rose from $163.15 million in fiscal 2020 to $166.0 million in 2021.

Net income improved from a $40.6 million loss in fiscal 2020 to a $8.7 million loss in fiscal 2021, while basic and diluted earnings per share improved from a 66-cent loss to a 14-cent loss in the comparative years.

License and transaction fee revenue rose 10.2%to $38.2 million for Q4, 2020 versus Q4, 2021 and an increase of 37.3% year over year.

Equipment revenue rose 33.6% to $10.8 million in the comparative quarters and an increase of 124.5% year over year.

Active devices, defined as devices that have communicated or transacted with the company in the last 12 months, totaled 1.09 million at the end of the fourth quarter of 2021 compared to 1.08 million at the end of the fourth quarter of 2020, an increase of 1.4%.

Active customers, defined as customers that have at least one active device, totaled 19,800 at the end of Q4, 2021 compared to 17,200 at the end oftQ4, 2020, an increase of approximately 15%.

The quarterly earnings of 4 cents beat analyst expectations of a 4-cent loss, according to Zacks.

Shares traded at $10.21 Thursday against a 52-week range of $7.75-$12.89.

"We delivered record revenue in the fourth quarter, capping off a transformational year for the company," CEO Sean Feeney said in the press release. "During the last year, the company demonstrated an ability to serve our customers, develop innovative new products and solutions, and deliver robust financial performance in any macro environment."

For full fiscal year 2022, the company expects revenue to be between $200 million and $210 million while GAAP net loss applicable to common shares to be between $7 million and $5 million.