Cantaloupe, Inc. (NASDAQ:CTLP) Q2 2023 Earnings Conference Call February 7, 2023 5:00 PM ET

Company Participants

Ravi Venkatesan - Chief Executive Officer

Scott Stewart - Chief Financial Officer

Conference Call Participants

Chris Kennedy - William Blair

Gary Prestopino - Barrington Research

James Rush - Craig-Hallum

Mike Lattimore - Northland Capital Markets

Operator

Good day and thank you for standing by. And welcome to the Cantaloupe Second Quarter 2023 Earnings Conference Call. Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, [Dara Dierks] (ph), Investor Relations. Please go ahead.

Unidentified Company Representative

Thank you and good afternoon, everyone. Welcome to the Cantaloupe Second Quarter Earnings Conference Call. With me on the call this afternoon is Ravi Venkatesan, Chief Executive Officer; and Scott Stewart, Chief Financial Officer.

Before we begin today’s call, I would like to remind you that all statements included in this call, other than the statements of historical facts are forward-looking in nature. Actual results could differ materially from those contemplated by the forward-looking statements because of certain factors, including, but not limited to, business, financial market and economic conditions. A detailed discussion of the risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in our filings with the SEC and in the press release issued earlier today. Listeners are cautioned to not place undue reliance on any such forward-looking statements, which reflect management’s views only as of the date they are made. Cantaloupe undertakes no obligation to update any forward-looking statements whether because of new information, future events or otherwise.

This call will also include a discussion of certain non-GAAP financial measures that we believe are useful for, among other things, evaluating Cantaloupe's operating results. These non-GAAP financial measures are supplemental to, and not substitute for GAAP financial measures, such as net income or loss. Details of these non-GAAP financial measures, a presentation of the most directly comparable GAAP financial measures and a reconciliation between these non-GAAP financial measures, as well as the most comparable GAAP financial measures can be found in our press release issued this afternoon, which has been posted on our Investor Relations section of our website at www.cantaloupe.com.

And with that, I would like to turn the call over to Ravi.

Ravi Venkatesan

Thank you, Dara. Good afternoon and thank you for joining us today. I'm pleased to report solid financial and business results from the second quarter of our fiscal year 2023. This was my first quarter as CEO and we made a lot of progress on strategic initiatives, which are led by our vision to become the global market leader, providing technology that powers self-service commerce.