Cantaloupe, Inc. Reports Net Income of $0.6 Million for the Year Ended June 30, 2023

CANTALOUPE, INC. [CTLPP], a leading technology company, has announced its financial results for the year ended June 30, 2023. The company reported a net income of $0.6 million and achieved an annual revenue of $243.6 million.

Financial Performance

Despite a challenging economic environment, Cantaloupe, Inc. demonstrated solid financial performance during the year. The company's net income improved from a loss of $1.7 million in the previous year to a positive figure of $0.6 million. This reflects the effectiveness of the company's strategic initiatives and cost management efforts. Additionally, Cantaloupe, Inc. achieved a significant growth in annual revenue, reaching $243.6 million, indicating a 18% increase compared to the previous year.