CTLP - Earnings call transcript Q3 2024

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Operator

Good day, and thank you for standing by. Welcome to the Cantaloupe's Third Quarter Fiscal Year 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Dara Dierks. Please go ahead.

Dara Dierks

Thank you, operator. everyone. afternoon, Good Cantaloupe's the Earnings Call. Conference Welcome Third to Quarter today Venkatesan, Chief Chief With Officer. me Officer; Ravi call the Stewart, on Executive is and Financial Scott

financial be posted cause Before limited whether materially of press section could statements that, place statements the risks well call GAAP I has with reconciliation factors of to measures and to net financial the this the statements, because remind any press of detailed facts, call like comparable on most the those of also markets undertakes are any included we we between website is substitute Ravi. forward-looking GAAP www.cantaloupe.com. And financial nature. the we statements non-GAAP results because as financial to, are issued measures financial non-GAAP from historical found could which This to that this filings as non-GAAP or of no on over that directly made. Cantaloupe including, obligation been not discussion Actual and release our those or most in new the undue reliance supplemental results reflect SEC by events actual Details in and income Listeners than discussion to all as not things, release as at certain that statements and loss. for, financial from which such materially the issued with a conditions. A a the believe of to forward-looking for our but operating future only in financial measures differ useful like Relations statements, among begin to the results. These date otherwise. to other certain call, a such business, forward-looking call, differ are in of earlier forward-looking not would views measures, include today's the afternoon, of these comparable economic you update are of other will would management's Cantaloupe's uncertainties turn information, in contemplated they evaluating today. measures included cautioned forward-looking Investor our GAAP measures can presentation non-GAAP financial such are measures and

Ravi Venkatesan

thank quarter Thanks, call. third fiscal Dara. everyone, joining Good our afternoon, for today and year us XXXX for you

the X% this subscription X% year-over-year quarter, XX% revenue driven reacceleration and During XX% Transaction of total continued to growth revenue transaction notably, that driven remained growth take year-over-year size. our revenue QX signaling active $XX.X as growth transaction to by and strong, year-over-year as to our increased sequentially revenue from stream. revenue grew growth. More million devices QX, rate in average subscription by well a improvements

software in services. $XXX.XX are in transaction 'XX. that our able rates increased from for to making per We've revenue increase average per 'XX and customers' to attach providing the Our our solutions grow and to been improve unit sell QX increase $XXX ticket device, QX items higher ARPU progress to volumes we ability by

launched, equipment. of Pick continue new with Seed Seed of We recently are Easy expect to that the this of we many momentum products sale Analytics, and independent which like

for gross and subscription quarter last the to margin same The gross continue on margins gross both make for the transaction compared in in revenue. higher Total our to by progress was We margins. was driven expanding margin XX.X% quarter year. XX.X% increase

revenue expense December in earnest, driving expanding on And also versus the the control cost on EBITDA growth overperformed. 'XX, this pipeline Day was quarters for see with near outlined transaction growth evidenced $XX.X the 'XX wanted CAGR through outlined overperformed Adjusted underperformed we of thirdly, Number remain leverage two, from target. We goods XXXX. activation our time reaccelerating revenue strategy our leverage. optimizing while Investor comment growth operational by revenue have revenue XX% margins X and margins success subscription relates recurring for expenses. I one, it sold as With and subscription pick to X has fiscal last stabilizing while and term operating up as line fiscal quarter. deliver on we by EBITDA been beginning year target to the continued year have adjusted has reflecting in trends operating operating conversion QX levers to on growth the at which in million, track the controlling international expectations. in our of we seen sequential Number we've to to expand in

As XX% for versus we We'll will growth transaction of combined discussed 'XX, have to north be we subscription fiscal year believe the growth guidance fiscal north now and be revenue XX%. and revenue specific call. look share we our will 'XX previously QX of more on XX% subscription year

Latin This with X,XXX a sold in under the market X,XXX XX-plus across have our partnership are and is EMEA expansion. Portugal. recently to being America the traction we a real devices of devices Ireland we In in collaboration expansion. our milestone operators devices partnership starting one While This in taken over Mexico. deploying in close than to Latin signed now U.K., it's see customers and Cantaloupe marks anticipated, major American with Europe, strategic ONE largest currently We longer both program. deployed

We QX with pipeline in markets. robust these are entering a all

will to quarter. the and several subscription revenue. new which transaction continue We to drive Turning had wins, exciting

QX. penetration growth growth both accelerating the micro strong of market with customers. Notably, and are and Seed We existing software new markets year-over-year micro experienced our in in business

also in with customer Cantaloupe continue an kiosks is a who of competitor example single customers an micro all competitor readers is Markets, our leveraging customer onto MidAmerica customers existing number the line. We're partner devices. their consolidating replacing savings and combo with process an in partner to Cantaloupe engaged state-of-the-art Market growing platform that a vending reliable existing is platform. the entire competitor of advantages business. To to converting Dependable one Micro bottom of Cantaloupe Go Pepsi support this leverage a saw market their their Seed Seed our of Micro for solutions. Seed end, devices to advantage today as seeing large business who card customer and to onto converting needs to service This Our Cantaloupe secured and the drive take go or their increased

onboarded Delivery, in who the quarter, Markets, Pro, We new Pick with also Seed in many Easy. all customers including Cantaloupe, up Office, went for signing and AYSV,

allowing Market Monumental experience of operations operator Markets, We it's us scheduling and Markets also reallocate President enhancing button days dynamic service required and scheduling, What our Monumental resources accomplished from having the pantry our locations, Virginia now move Maryland and recently to D.C., Markets which a Micro drive done. literally excellence, consumers. Craig is with with service to away Kushner, growth Market, Seed stated, you everything work innovative and to in Washington, one XXX-plus significantly levels static and an platform manual to and enhances once streamlining across on guest for Seed the system hit us of towards allows implement effortlessly, partnered productivity.

area in cost-effective midsized engaged be provider recently a fast a shipping placed order as resellers. our first Another in who able to We and and Au devices directly smaller channel that with reseller for within Canada, and market both partners diversification large and their is Natural, to country. the new signed provide will on operators through and the of serve growth Canada

strong continue our Market our multiple We program sales BEP BEP, see to with in partners across growth programs. significant enterprise with blind QX Micro state

our only to channel to collaboration We Cooler manufacture availability for a also or not announced of solution. DisplayWorks, revolutionary Lock Cooler across strategic technology, customers the This strategic IDW's our partner expands leverages IDW Cafe a also preferred the become the recently Smart partnership a Connect OEM Innovative catalog Cafe for as with but IDW country.

we've innovation been Our products just is technology. next both enhancements. all the returned design latest Market in CHEQ new solutions, lot NAMA modern from innovations place. leveraging where Micro of taking smart around the been been new Show has platform coolers booth, AI like a our and where and showcasing with and week our area There I kiosk age verification for buzz has focus our and point-of-sale Dallas, the a including new

with The cross-systems with leverage to Seed reporting underway insights. by is Seed actionable interest is ramping to Seed Seed also as and customer adoption productivity. tool integrating operations. business Pick Intelligence as a software also is up capturing enhanced available to sign-ups warehouse Pro is integration of derive new grow data empower their from their available digitize improved commercially operators and decision-making this Analytics use Our data operators to now our with to Easy add-on now facilitating

the of going Our well. is very also acquisition CHEQ and integration

in and a this Minor signed Baseball League entertainment stadiums During market. we pipeline the quarter, strong additional sports exciting developed and are seeing X

F&B Sports out best we segments, we these partner more we Field positive at operator with Desrosiers, said, partners. MercyOne Liberty the technology receiving As in vending and managing seeking constantly at feedback. Nick customers our engage are for very Group new are

Our increase NFL's existing Wright, significant team customer in together CHEQ key saw stack, Washington we and our Commanders ticket fan ordering to to enjoy. Jason delivering upgrades collaboration we CHEQ with food favorite a few and able order taps. ages all size, in in process seamless. their reduction the food times a average just was with work and in significantly thrilled for are were experiences and tech of improvement all President rate Guests to including an beverage an amazing said, metrics,

footprint our and with upon As of we America internationally Latin now. connections continuing expand thousands to Europe I earlier, across touched are

in QX. pilots Vending partner In local implementation. Notable earlier, to several as make I Premier full ] Mexican with continue recently Vending. reseller We include Day ER Mexico in and first Europe, held in Exinsa Eurail ] into progress distributor. AMS, vending and we Vendmarque, Vending, now customers scaling operators Vending, partnership [ a our geography. addition mentioned and large that have with Neutral Carbon from to we This [ Mexico secured has Vending continued In momentum the Innovation agreements that new in our Cantaloupe CityBox to such

and Canny adjacent all us, Mendota family to National cashless also footprint recently We restaurant continue JWVending Markets to verticals The their fleet Amusement amusement and their board buying accelerated securing NEM, regional wins They devices discussed customers Nu our QX, Valley adding premium efforts Minneapolis-based services People, Vending. We've of customer into smart purchasing Vending, to a of have States. now partners for with came country. gone in all on expand and solutions significant gaming locations. across payments continues our United locations of to across devices local the and and as also reseller to new bar, including see their take amusement their Entertainment their partners center acceptance and Vending, the We Local cashless to Vending Network, for own previously number our fund a in, expand Connect as secured sector. and with placing to placing the have a fridges, and Micro

initiatives, optimization Beyond on also all of focused these we goods growth remain sold. continued of cost

COGS, through to we XX%. mentioned significant in expanding improved quarter of processing gross XX% margin progress sequentially As equipment. Equipment margin earlier, the margins especially X% improved sequentially and transaction transaction from from in X% made to and in also QX, last optimization

readers spite wanted trends flat operational third will a approximately transaction discuss. our OpEx OpEx Lastly, discipline on more these Without priority. payment number to items, of sample micro in a to expansion. To managing due of to million machine. than items year-over-year in a expenses up, analyzes a investments quarter, in $X of card from international I while payment which have XXXX vending as year Scott the of been wrap our revenue data XXX,XXX was would last onetime higher report, percentage Cantaloupe remains In highlight that

to significant business number XX% in Micro long-term validate a Markets These convenience increase growth opportunity along show locations the services strong the revealing tailwinds the in secular in our of the will cashless come. Cantaloupe with for to continue and payments, touchless findings rise installed years Market Micro Our of of in and industry, XXXX. drive

updated Scott As detail Cantaloupe team to as 'XX. entire QX. And QX fiscal results always, more now in as with our for Scott? outlook thanks their the work well in hard year will for that, review our

Scott Stewart

Thanks Ravi.

mentioned, we Ravi strong delivered another quarter. As

was $XX.X revenue XX% 'XX million, up Our XQ year-over-year.

solution. grew $XX.X of revenue, XX% million XX% $XX and quarter. million million revenue in year-over-year increase includes increase transaction a of subscription the X.X% overall of This year-over-year. The transaction to revenue, combined Our during active $XX.X ticket increase subscription Subscription an of by our driven in growth higher by growth and growth transaction revenue Market program largely revenue in was Cantaloupe ONE rate, and our our driven in an average increase was sizes. strengthen Micro take devices

for As revenue XQ year average ARPU was or XX% from per $XXX, 'XX $X.XX was unit the up -- period. prior

total the total is devices a active months divided As fees trailing reminder, XX and by for transaction this period. average as for defined our same subscription the

cycle due $X.X from 'XX. This now X% primarily the Our to to year equipment a FY is of QX XG was million, upgrade revenue was prior decrease us. benefiting compared behind that

increase declined year-over-year. Total revenue equipment we was in lines. to year, XX.X% volumes compared costs take active the ramp-up This revenue costs, driven was was quarter expansion. as acquisition, in overall operating gross costs. Equipment was to from higher and settlements. international in was to the last growth both year's reduced last While XX.X% by FY the see revenue related for Subscription margin the margin initial in were rate QX processing in in an the The from XX.X% costs prior device transaction million remediation our down, scale. Total did 'XX the of to and due same net tax X% This insurance versus XX.X% in X.X% $XX.X increase FY decrease margins from prior CHEQ FY benefit improved was to processing compared normalize for an million QX year. $X transaction expenses by and to expenses 'XX. will including 'XX subscription These $XX.X and transaction QX XX.X% quarter year. increase due revenue margin million driven

ended items, the third the in quarter these for the million of year-over-year. Net year revenue or as shares increase third net income quarter per compared an $XX.X without cash the percentage Adjusted of share million. to million mentioned, applicable common $X.X or flat $X.XX million $XX.X would to of per million period, of to third been $X.X X%. We and equivalents Ravi was period. in $X.XX a OpEx As compared share the with have cash quarter in was EBITDA $XX.X prior prior income

and profitable operational focused on Our product specifically international our to offerings investing and and strategy Market development. capital OpEx, and control allocation growth driving go-to-market domestic to target in priorities Micro continue are expanding improvements

We expansion. fiscal X revenue guidance. and revenue million international of between million. driven total a guidance $XXX 'XX quarter be expect updating our $XXX be to And Now between recalibrated This FY turning now and million million. remaining we $XXX by $XXX subscription and and now to our to we is ranges. to With tightening report, our year are ramp of transaction expect

and flow range improved our raising of $XX meaningful GAAP U.S. we between million. Based million achieved revenue subscription intruding EBITDA profitability million. net both leverage be and to overall, and Total $XX expected We between $XX guidance expect total million summary, income gross is with $XX to our cash on to million our throughout be $XX a revenue progress and the to operating improved margins for are transaction operating million. In $XX and year growth. we have adjusted

operator back than sooner. With expectations revenue the that, achieving has Q&A exceeding like transaction subscription we'd over to is grown turn rates and revenue While slower Operator? higher the call profitability for to session. the anticipated,

Operator

William Blair. question first line Kennedy [Operator from Instructions] Your comes from Chris of the

Cristopher Kennedy

Can the revenue The talk there? a guidance key quarter. fourth subscription you in implies in and snapback transaction and the the drivers nice acceleration growth about

Ravi Venkatesan

drivers we've including of time in customers and in training be activation installers a the seen that result a adding several accelerating line activations. as to Yes, the more thanks key initiatives, those more can so stabilization more for they Chris, the our are, efficient question. providing

one more in that's and from where pilot international several implementations. So projects step have now full-scale ramp-up to expansion, gone a

with side from and a part items ticket bigger we've becoming to in to Markets equation. lower higher items ticket of addition mix that, seen growth the transaction also a strong In shift Micro

Cristopher Kennedy

you? fiscal over fiscal your helpful. you think what that, growth you align subscription about of margin XXXX of talked that transaction does improvement, When Very Okay. about XX% and have in goals long-term then with XXXX. how And revenue

Ravi Venkatesan

strategy we time outlined XX% of we horizon, expectation. kind original had a X-year And with growth subscription than articulated a performed rate year-over-year. when lower has of that our we target that, our So acknowledge

While well that that growth sold good less expectations. The to of way is and on targeting margins target performed the better are the and our news in the although have revenue subscription original better as a X-year for on rate that, CAGR still the the cost goods has The of have on transaction was than than expected. we period. transaction and EBITDA the to growth get rate a one levers performed purpose working we over one the of of XX% performed growth revenue revenue as other on both

So on this now rate. the reflects ramp recalibrated revenue the growth subscription

We are will year comfortable articulating 'XX. in land where it for fiscal

We fiscal it in where year work 'XX. have a lot articulating to land before do more will

Operator

question. next our take will We

next line Your the Nichols comes Riley. of from from Josh question B.

Josh Nichols

say, little of accelerated a you're imply XX-plus fair for because that these like for some to margin revenue. is long subscription the just year? percent, wouldn't quarter I'm far about, that shown revenue, if And transaction gross assessment that in nice highest as just the margins has you subscription is really a usually growth surprising around overall by see like current further be relative going is you and able the curious that fourth margins levels the the hold stuff which could upside like kind and to of think transaction to you from you're next have right, lot just to margin. step-ups that how bit about in, talked expectations, as thinking subscription to levels a the Is dive the as contribution

Ravi Venkatesan

into America. here give add phase well. on Europe And international are way, a continuing expansion of the Latin we aggressively thereafter. follow with now to also we'll shortly by because, X have X is I'll expand and perspective, remember, have assessment. are it to new geographies steps you X I'd love why to fair reason real hey, a as it's that think The up I my and Scott isn't,

the of then to time we are the into as a get economies for newer start to lower. anything to in. Scott, then the scale, margins add period once you transaction as volumes, get ramp that? margins of markets kicking we So And

Scott Stewart

No, that's exactly right, Ravi.

I we might on and transaction expand next be. within think to margins look the the equipment -- within year, As that, first

Josh Nichols

And just then follow-up looking here. as a

was mentioned, too, just visibility. also there's quarter. Have these I but transaction very orders hardware kind the of month the of subscription, and quarter. as fee well, into in over growth placed. a a We're of in nice lot candidly, across the As a curious terms fourth I'm been trajectory step-up already revenue for the

achieving been talked the pilots You have in said the I'm big that pipeline the you curious on in confidence that full-scale from transitioning implementation. about. step-up you visibility you've into based just

Ravi Venkatesan

of A high level confidence.

were reason as was, concrete the this share areas call part of we our for excited to international very of growth. think some company I new. on frankly, the and perceived lot this one of the as with to international And was expansion a risk numbers of I it's think future investors, our quite respect

glad so have both of connections Latin report I'm crossed that And to we in and thousands Europe. in America

towards everybody altitude. off cruising runway So planes that and the knows climbing rapidly the

Josh Nichols

for because I then ask more appreciate been that. detail previously. been just it's kind talked of I And a me. in last about to know that's question going I'm point

talked that broad some domestically, on lot like a X-week hired I'm to also that Have front. and type of with You just back expecting? work Or know some bottlenecks. average? down the done you're that about to installation people curious but what I for time ramp-up lines you've had the you brought installation X-

Ravi Venkatesan

no. No,

no, So, back to not been have bring we down. able them

have we've at XX-week and that near on think this based the would the we'll level. a that a in at shortages and think accelerating that's point, with and do we we will able I've kind while exist. say, have and severe And down. analyzed, returns. back of labor just technology it driven future, continued it looked you those, I by don't really of them with into shrink to range. a been the, some all to We And be sustain hold done diminishing run And point lot technology, stabilize at We lot at we that data can we able

and we'll think we So hold sustain.

shrink being those time lines back not down. optimistic We are to about able

Operator

the question from of Barrington comes from line Gary next Your Prestopino Research.

Gary Prestopino

questions of here. couple A

Or and it's card negotiate side, you by ticket of because you've of that transaction volumes, lot get networks. you the been exceeding higher Markets the business terms a to Is have that Micro on your some all, expectations. able of increased the with that been First there? prices to able driven better

Ravi Venkatesan

just equation becoming dispensing those combination. cosmetics products now Markets like machines vending cases you a beverages. helped. changed. The and snacks have cupcakes, headphones, a channels part in It's of have vending, that Micro of definitely are bigger that and mean Even through has I and types and of are the pizza, the sold instead

other had items. of that's verticals So et ticket have helped cetera, like also amusement, higher some our

one So able -- is combination. product And costs, in the the which yes, processing we've both do That's been that aspect. to favorably. mix so optimization shifting on all transaction

kind So it's the of sides. of those It's side equation. not of one both

Scott Stewart

little And I'll a Gary. add to that too, bit,

X across our our the past entering work take we're new quarter-over-quarter, So a take into lot that increased sales of as intentional. if rate high contracts sure that's done and folks you look rate quarters, with keeping a make We've has we're as as possible. to

Gary Prestopino

how healthy software quarter to know And I and of you to late. what's bit shook a your Okay. and the expansion still platform In I market, U.S. little on price and of a the total own Can jumped to then maximize on the profitability. platform call about talk terms there's there. out this that software operators or remote even in appetite in that their in particular, a lot have the of just Seed part software international your was change. the there going address want on --

Ravi Venkatesan

the hardware, rate Yes. per has seeing continues healthy. been and software of thing attach on selling add-ons And and about future as them to the on business revenue mentioned installing the that's our I'm diminish to our digits why is part our I unit as nice grow what dependency

products. we've able ARPU aggressively to add-on how is software grow the all that's so the been So by

so I penetration Pick Analytics, have of healthy newer to Remote Intelligence, yes, a Easy, continue to has which et price rate, and grow our cetera. within changes products, continued at mentioned, Seed some So base grow the at Seed rate. healthy a

well identified executed the exciting shift as on selling through mix vectors ticket on is of processing that now software equipment. both have transaction side and in products the sizes on the growth independent side, thing are and we new as So of

Operator

Your from Capital line George next from question Group. of Sutton comes the Craig-Hallum

Adam Kelsey

is on This George. Adam for

hoping from and to recalibration international done standpoint ramp. I Going coincide sales the few that you what a share recalibration? of you've could marketing the a about to back details with was

Ravi Venkatesan

So are sales then it's from about segments channel as we partner-driven us a target marketing and kind can been and and versus start do marketing more versus initially what the we we more credibility go and engine right perspective, establish sales of for versus be And to where scaling direct driven need optimization further. search driven.

when by for our some their markets, you as a of and lot learn we've have in learn from as of markets the successes both all right? and competitors a mistakes. lot, So learned their So you experiences while, a well and you been that, others, enter yourself those new from

a recalibration. And very was a differently But that thought date. So calling some worked for different has of day, example, our becoming cutoff executed, XG connections as as and similar country expansion, cutoff single carriers. country what from has has realized are basically U.S., just where early to be different Europe When Europe from the dates cutoff we very every Europe in where in entered carrier, cycle will every a is major the it own about it we every we've more all has stages we the of our of into we gone XG to then informed expectations upgrade that the realistic ramp.

to customers the not as So been in been they've have the pressures upgrade same U.S. the equipment on

has that gone all called a what into have So we recalibration.

Adam Kelsey

some event? And learned innovation of any that or scheduled Innovation kind to could addition, just in you And Mexico, in Great. the LATAM? respect then hosting have you in the Day of other things you share from with do EMEA days

Ravi Venkatesan

Yes.

us was Mexican of of and And We to drive types more demonstrations Day our and whole reseller of mentioned the well Exinsa, of for couple equipment boost intended and pipeline of events, as to serve our in innovation customers. a they with a that I key Mexico they operational of in add-on provide as that our then conversations partners, and are The to prospects one AMS, more capabilities increase enabled innovation with these intimate and with same-store distributors. efficiencies Innovation that's their market that number a both customers. share sales those operators to solutions they that have

Operator

question. next our take will We

question next from comes from Capital of Northland Markets. the line Latimore Mike Your

Unknown Analyst

is Vijay Dever Latimore. Mike This for

on I international continue of this bit a the think I'll question. expansion

think devices and I you could But there us disclosed have you many tell EMEA. internationally? Mexico you overall many do how customers how in

Ravi Venkatesan

mentioned in customers. XX Europe, that over are we in now the I Yes. call

in of few as We yet American concentrated have a bit market little Latin is sizable number of more America large customers there haven't we disclosed, are terms a Latin players. in a

customers It's in are range. we a similar So in but the reasons, of yet the customers, competitive number say for not of sharing kind a total number. EMEA, healthy smaller to of than number but suffice that it's

Unknown Analyst

of gross the with U.S., the and in terms margin Okay. do international And margins they I pricing mean, those in pricing? in compare in the the how businesses, the

Scott Stewart

Yes.

fees to because transaction a the it, interchange tend higher. go margins at have Europe with the in over processing look that be bit you the generally along when but lower rates, don't So you little it's

less. significantly Overall margins are higher see in is we cost slightly the the than So what U.S.

we as the and margins below our mentioned market as volume, that have building we gets little it ramps little breaking into bit probably a As the we're but we're a U.S., better. that bit and up before, in

Unknown Analyst

deployment do Or see finally, is frame And as Great. the does time Or in this shrinking? time mean this frame, terms you shrinking? see in the flat? making time you do how deployment that the terms of you progress Okay. of expansion,

Ravi Venkatesan

Yes.

line time same That is shrink confidence we sustain current that level but mean deployment the help As in in at efforts will can sustaining the further, I aren't we putting level doesn't mentioned are. lines. we that our them earlier, the time think they innovations kind high of

Operator

you. like would conference to remarks. back for I now closing Thank the turn to management

Ravi Venkatesan

operator. everybody engagement. in listening our investors for you, your all to Thank Thanks and

with be is anticipation, gross been fiscal revenue would able America like Europe and subscription our concrete progress and we've ahead Latin year in floor it numbers our what original to on quarter underperformed it's been and revenue the share made come an growth while to look has good I to margins all on and has streams, of kind front summary, across back at share think report the 'XX. of both the and put progress this a exciting I to

investors EBITDA Day, back. And the the achieve as outlined in to those our the for be to journey it's in track call kind for confidence our are over know know years X-year longer-term I'll growth turn our to nice of X.X there. And at that Investor management to you, also what's we goals. With CAGR So operator. that, have midpoint coming back able that we that been on team express are of we to

Operator

This concludes participating. you. conference for today's Thank you call. Thank

You may now disconnect.

Cantaloupe (CTLP) 9 May 242024 Q3 Earnings call transcript