Latest news with #Cheq
Yahoo
30-05-2025
- Business
- Yahoo
Cantaloupe, Inc. (CTLP): A Bull Case Theory
We came across a bullish thesis on Cantaloupe, Inc. (CTLP) on P14 Capital's Substack. In this article, we will summarize the bulls' thesis on CTLP. Cantaloupe, Inc. (CTLP)'s share was trading at $8.58 as of 27th May. CTLP's trailing and forward P/E were 10.72 and 18.25 respectively according to Yahoo Finance. Cantaloupe Inc. (CTLP) reported mixed results for its fiscal third quarter of 2025, with revenue increasing 11.1% year-over-year to $75.4 million, slightly missing consensus estimates by $4.4 million. The quarter's revenue growth was impacted by weather-related disruptions in the Northeast and Midwest, which softened transaction volumes. While both transaction and subscription fees grew approximately 10% year-over-year, this represented a slowdown from previous quarters. However, the company delivered strong operational efficiency, with gross margin expanding by 120 basis points year-over-year to 39.5% and adjusted EBITDA increasing 36.6% to $13.9 million, representing a 21.35% margin. GAAP EPS came in at $0.65 due to a $42.2 million tax benefit, while adjusted EPS was $0.09, up 52% year-over-year. Cantaloupe's Smart Store product line showed strong momentum with over $2 million in sales, and demand is expected to accelerate in the fiscal fourth quarter. The company also highlighted strategic wins, including an exclusive point-of-sale deal with Carnival Cruise Line through Cheq, and new deployments at sports and entertainment venues such as PayPal Park and SAP Center. It launched the Engage Pulse reader tailored for amusement venues, further diversifying its customer base. While international growth remains a future opportunity, it currently contributes minimally to revenue. Management lowered full-year revenue guidance to $302–$308 million from a prior range of $308–$322 million, though EBITDA guidance of $46–$50 million was reaffirmed. Analysts maintain a constructive long-term view, with a 2026 price target of $14.40, representing approximately 87% upside from current levels. Previously, we have covered Cantaloupe, Inc. (CTPL) before their earnings update, wherein we summarized a bullish thesis by the same author. The author highlighted the company's strong fundamentals, margin expansion, and growth in cashless payments. The article also noted potential upside from a strategic review, including a possible sale or go-private deal. Since our last coverage, the stock is up 8.88% as of 28th May. Cantaloupe, Inc. (CTLP) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held CTLP at the end of the first quarter which was 19 in the previous quarter. While we acknowledge the risk and potential of CTLP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CTLP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
Business Wire
08-05-2025
- Business
- Business Wire
Carnival Cruise Line Partners with Cantaloupe, Inc. to Power Self-Service Experiences at Carnival's Celebration Key
MALVERN, Pa.--(BUSINESS WIRE)-- Cantaloupe, Inc. (Nasdaq: CTLP), a global leading provider of end-to-end technology solutions for self-service commerce, announced a new partnership with Carnival Cruise Line to power food and beverage sales at Celebration Key, Carnival's new exclusive destination set to open on Grand Bahama July 19, 2025. With Cantaloupe's advanced point-of-sale (POS) technology, guests will have access to a seamless, self-service ordering and payment experience across the destination's food and beverage outlets. 'Our collaboration with Cantaloupe is critical to making Celebration Key a destination that is full of fun and takes the worry out of carrying cash for our guests,' said Richard Morse, senior vice president of Food and Beverage at Carnival Cruise Line. Share Celebration Key is designed to be a premier exclusive cruise destination and features a variety of food and beverage options. To make ordering and payment as convenient as possible, guests' Sail & Sign cards, which are used to make cashless payments on board Carnival ships, will now be available for use at Celebration Key. Guests will be able to scan their Sail & Sign cards to make purchases directly linked to their onboard accounts at Cantaloupe-powered kiosks on the island. This collaboration marks the first time the Sail & Sign program will be available off-ship, creating an effortless extension of the onboard cashless experience. 'Cantaloupe is excited to power this experience by providing a frictionless, technology-driven solution that will simplify guests' dining and service experiences,' said Tom Lapham, senior vice president of Cheq at Cantaloupe, Inc. 'Cantaloupe's POS technology is built to support large-scale environments, with real-time updates and scalability that can handle high volumes of transactions and peak demand. We're proud to help Carnival deliver an elevated guest experience at its stunning new Celebration Key destination.' With Cantaloupe's self-service kiosks located throughout the island, guests can quickly and easily place orders and enjoy their time at Celebration Key without the need for cash or credit cards. 'Our collaboration with Cantaloupe is critical to making Celebration Key a destination that is full of fun and takes the worry out of carrying cash for our guests,' said Richard Morse, senior vice president of Food and Beverage at Carnival Cruise Line. 'Through this partnership, we're able to offer an experience that extends the ease and familiarity of onboard dining to our exclusive destination. Guests will have the freedom to choose from a diverse range of dining and beverage options with the same seamless process they're used to onboard.' Cantaloupe's POS solutions, including its Cheq management platform, are designed to support high-traffic venues, providing large organizations like Carnival Cruise Line with reliable, high-performance payment technology that enhances operational efficiency and guest satisfaction. This partnership aligns with Cantaloupe's expansion into the travel and hospitality sectors and underscores Cantaloupe's commitment to delivering world-class customer service, self-service and digital payment solutions across diverse venues. For more information on Cantaloupe's POS technology, visit About Cantaloupe Inc. Cantaloupe, Inc. (Nasdaq: CTLP), is a global technology leader powering self-service commerce. Cantaloupe offers a comprehensive suite of solutions including micro-payment processing, self-checkout kiosks, mobile ordering, connected point of sale systems, and enterprise cloud software. Handling more than a billion transactions annually, Cantaloupe's solutions enhance operational efficiency and consumer engagement across sectors like food & beverage markets, smart automated retail, hospitality, entertainment venues and more. Committed to innovation, Cantaloupe drives advancements in digital payments and business optimization, serving over 30,000 customers in the U.S., U.K., EU countries, Australia, and Mexico. For more information, visit or follow on LinkedIn, Twitter (X), Facebook, Instagram or YouTube. Cashtag $CTLP G-CTLP
