Cantaloupe Inc. (CTLP) shares surged 5.31% in pre-market trading on Friday, following the company's impressive second-quarter fiscal 2025 earnings results and bullish analyst commentary.
In its Q2 report, Cantaloupe showcased robust financial performance, with total revenue increasing 13% year-over-year to $73.7 million. Notably, the company's transaction revenue grew by 17%, while subscription revenue rose by 14%, highlighting the strength of its core business segments.
Cantaloupe's profitability metrics also demonstrated significant improvement. The company reported an adjusted gross margin of 41.7%, up from 37.2% in the prior year, and adjusted EBITDA increased by 26% year-over-year to $10.7 million. Additionally, net income for the quarter stood at $5 million, or $0.07 per share.
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