The following is a summary of the Cantaloupe, Inc. (CTLP) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Cantaloupe's Q3 revenue grew 13% year-over-year to $67.9 million with subscription revenue seeing a 7% YoY growth.

• Gross margin increased to 39.6% in Q3, up from 37.9% in the same period last year, fuelled by higher margins for both subscription and transaction revenue.

• Transaction revenue growth exceeded expectations, and adjusted EBITDA for Q3 amounted to $10.2 million.

• Expectations for FY '25 include a subscription revenue growth north of 15%, and combined subscription and transaction revenue growth north of 18%. They also intend to maintain discipline in managing operational expenses.

Business Progress:

• Cantaloupe has seen successful market expansions in Latin America and Europe, with nearly 4,000 devices deployed in Mexico and over 1,500 devices across Europe.

• The company plans to further invest in its cloud infrastructure to foster growth.

• Cantaloupe's micro-market solutions continue to gain traction in new international markets.

• New products like Seed Pick Easy and Seed Analytics are expected to fuel future growth.

• Despite continued labor shortages, the company does not foresee a reduction in installation timelines.

• The company has held successful Innovation Days to strengthen customer relationships, with more such events planned for the future.

More details: Cantaloupe IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.