Cantaloupe, Inc. (NASDAQ:CTLP) Q3 2022 Earnings Conference Call May 5, 2022 5:00 PM ET

Company Participants

Sean Feeney - Chief Executive Officer

Ravi Venkatesan - Chief Operating Officer

Scott Stewart - Chief Financial

Conference Call Participants

Mike Lattimore - Northland Capital Markets

George Sutton - Craig-Hallum

Cristopher Kennedy - William Blair

Operator

Welcome to the Cantaloupe Third Quarter Fiscal Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation there will be a question-and-answer session. Please be advised that today’s conference is being recorded. With me on the call today is Sean Feeney, Chief Executive Officer; Ravi Venkatesan, Chief Operating Officer; and Scott Stewart, Chief Financial Officer.

Before we get into today’s call, I would like to remind you that all statements included in this call other than 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, markets 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 with our filings with the SEC and in the press release issued earlier today. Listeners are cautioned to not take place undue reliance on any such forward looking statements, which reflect management’s view 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 and the presentation of the most directly comparable GAAP financial measures and the 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 the Investor Relations section of our website at www.cantaloupe.com.

And with that, I would like to turn the call over to Chief Executive Officer, Sean Feeney. Sean?

Sean Feeney

Thank you, operator. Good afternoon and thank you for joining us today. We are pleased to report our results for the third quarter. We reported a solid start to the calendar year 2022, increasing total revenue by 18% year-over-year, marking our fourth consecutive quarter of double digit annual revenue growth.