Cantaloupe, Inc., represented by the stock symbol CTLP, is a digital payments and software services company that specializes in providing technology solutions for the unattended retail market. The company, which was formerly known as USA Technologies, Inc., was incorporated in 1992 and is headquartered in Malvern, Pennsylvania. Cantaloupe, Inc. offers a range of integrated solutions focused on payments processing, logistics, and back-office management.
Key products and services of Cantaloupe, Inc. include ePort, an integrated payment device used in various self-service, unattended market applications like vending, micro-markets, amusement, arcade, commercial laundry, and car washes. They also offer the G11 cashless kit, a 4G LTE digital payment device, and the G11 chip kit for contact and contactless EMV payment methods. Additionally, their Engage series consists of digital touchscreen devices that provide networking, security, and interactive payment methods.
Cantaloupe, Inc. also emphasizes "smart store" concepts and has developed the Cantaloupe Go management platform, which includes various products like Go Mini, Go MiniX, Go Plus 100, Go Plus 200, Go Plus 300, Go Max, Cooler Café, Smart Market, and Go Portal. These solutions are supported by a cloud-based platform and are complemented by the Go consumer mobile app, loyalty programs, campus card integrations, digital ad-management, and data warehouse services.
Regarding their financial performance, Cantaloupe reported revenue of just under $244 million in FY2023 and is projected to earn around $277 million in FY2024. They are expected to see profits increase in the coming years, with the company's stock being analyzed favorably by various financial analysts. However, it's important to note that the current valuations of the stock are seen as high, trading at around 65 times this fiscal year's projected profits.