NASDAQ$CTLP

Cantaloupe Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

USA Technologies reported an increase in revenue compared to the previous quarter and a decrease in operating expenses.

USA Technologies reported a revenue of $38.3 million, a 3.8% increase compared to the first quarter of 2021, and an operating loss of $(2.6) million, a significant improvement compared to the second quarter of 2020. The company is making strides in right sizing the cost structure, reporting a 28% decrease in operating expenses for the quarter when compared to FY Q2 20.

  • Revenue increased 3.8% compared to the first quarter 2021.
  • Operating loss improved significantly compared to the second quarter 2020.
  • Active devices totaled 1,154,932 connections.
  • Active customers totaled 18,304.

Headline financials

Total Revenue

$38.3M

Previous: $44.1M-13.1%
EPS (adj)

-$0.04

Previous: -$0.06+33.3%
Active customers

18.3K

Previous: 16.5K+11.0%
Active devices

1.2M

Previous: 1.1M+6.0%
Capital Expenditures

-$970K

Previous: -$1.36M+28.7%
Free Cash Flow

-$3.87M

Previous: -$9.74M+60.2%
Net Income

-$2.9M

Previous: -$8.38M+65.4%
Operating Income

-$2.58M

Previous: -$7.76M+66.7%
Gross Profit

$12.3M

Previous: $12.8M-3.6%
Cash & Equivalents

$28.2M

Previous: $37.5M-24.9%
Total Assets

$176M

Previous: $196M-10.3%

Revenue & EPS history

Cantaloupe · Revenue · Quarterly

$38.3M

Q2 2021-13.1%vs Q2 2020
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Revenue by segment

Cantaloupe · $5.07M total across 1 segment · Q2 2021

  • Equipment sales
    $5.07M-38.9%

Forward guidance

The company revised its FY2021 revenue guidance to be between $163 million and $171 million, net loss applicable to common shares to be between $(21) million and $(17) million, and now expects Adjusted EBITDA to be between $1 million and $4 million.

Headwinds

  • The impact of the pandemic continues to be a challenge.
  • There are headwinds on transaction and equipment revenue.
  • Expectations on when the virus will have less of an impact on our market and business have been pushed out.
  • FY2021 revenue guidance was revised down from a range of $170 million to $180 million to a range of $163 million and $171 million.
  • Net loss applicable to common shares was revised down from $(14.1) million and $(11.1) million to between $(21) million and $(17) million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.3%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+2.9%

Avg return

30 days after

42%

27 / 65 earnings

Positive

+27.0%

Q3 2020

Best reaction

-17.0%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+0.0%
Q2 2026-1.8%-2.8%-1.5%
Q1 2026+0.0%+0.2%+0.3%
Q4 2025-0.1%-0.3%-2.0%
Q3 2025-6.7%-3.1%+7.5%
Q2 2025+13.5%+23.9%+5.7%
Q1 2025-5.4%-2.0%-3.5%
Q4 2024-2.3%-1.1%+38.8%
Q3 2024+15.2%+10.9%+17.1%
Q2 2024-7.1%-8.1%-5.3%
Q1 2024-5.9%-0.7%+5.3%
Q4 2023-7.4%-10.1%-8.2%
Q3 2023+21.7%+21.3%+20.8%
Q2 2023+10.2%-0.8%+12.7%
Q1 2023-4.7%-4.2%+17.8%
Q4 2022-10.6%-19.7%-42.4%
Q3 2022-4.2%-10.5%-5.5%
Q2 2022+0.1%+0.9%-11.2%
Q1 2022-0.9%-10.4%-25.7%
Q4 2021+6.1%+6.9%+5.7%
Q3 2021+9.8%+5.8%+23.4%
Q2 2021-0.1%+1.2%-4.1%
Q1 2021-1.9%+0.0%+11.1%
Q4 2020-2.6%+1.0%-2.5%
Q3 2020+27.0%+12.2%+15.4%
Q2 2020+4.2%+3.0%-48.8%
Q1 2020+1.9%-2.6%-4.6%
Q2 2019-17.0%-2.4%-3.4%
Q3 2019-17.0%-2.4%-3.4%
Q4 2018-17.0%-2.4%-3.4%
Q4 2019-17.0%-2.4%-3.4%
Q1 2019-17.0%-2.4%-3.4%
Q3 2018+21.1%+25.8%+38.7%
Q2 2018+9.2%+4.9%+14.1%
Q1 2018+3.0%+14.4%+29.5%
Q4 2017+3.9%+2.9%+5.8%
Q3 2017-1.0%-6.1%+12.2%
Q2 2017+14.6%+14.6%-2.4%
Q1 2017-1.2%-15.1%+5.8%
Q4 2016+2.8%+12.4%+10.9%
Q3 2016-10.4%
Q2 2016+19.9%
Q1 2016+7.1%
Q4 2015-6.5%
Q3 2015+14.0%
Q2 2015+8.7%
Q1 2015-3.8%
Q4 2014-6.0%
Q3 2014-4.0%
Q2 2014+1.0%
Q1 2014-2.8%
Q4 2013-15.3%
Q3 2013-10.4%
Q2 2013-3.5%
Q1 2013-6.8%
Q4 2012+10.7%
Q3 2012-8.8%
Q2 2012-6.4%
Q4 2011+1.5%
Q1 2012+1.5%
Q3 2011-11.4%
Q2 2011+1.8%
Q1 2011+2.7%
Q4 2010-10.0%
Q3 2010+4.5%

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