Cantaloupe, Inc. reported its financial results for the third quarter ended March 31, 2025, on May 8, 2025, announcing a profit of $49.2 million, or 65 cents per share. Adjusted earnings came to 8 cents per share, which did not meet Wall Street expectations of 10 cents per share.
The company posted revenue of $75.4 million for the quarter, an 11% increase from the third quarter of fiscal year 2024, but fell short of Street forecasts of $78.8 million. Despite the misses, CEO Ravi Venkatesan noted exciting adoption of smart stores and strong earnings growth and cash flow generation.
Cantaloupe updated its full-year revenue guidance for fiscal year 2025 to a range of $302 million to $308 million. The significant reported profit was primarily driven by the release of a $42.2 million valuation allowance on deferred tax assets, reflecting sustained profitability over recent years.
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