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Cantaloupe Inc (CTLP)

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Upturn Advisory Summary
01/09/2026: CTLP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $11.2
1 Year Target Price $11.2
| 5 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -35.44% | Avg. Invested days 27 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 788.56M USD | Price to earnings Ratio 13.38 | 1Y Target Price 11.2 |
Price to earnings Ratio 13.38 | 1Y Target Price 11.2 | ||
Volume (30-day avg) 6 | Beta 1.1 | 52 Weeks Range 7.01 - 11.36 | Updated Date 01/9/2026 |
52 Weeks Range 7.01 - 11.36 | Updated Date 01/9/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.8 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 19.21% | Operating Margin (TTM) 10.92% |
Management Effectiveness
Return on Assets (TTM) 4.97% | Return on Equity (TTM) 27.08% |
Valuation
Trailing PE 13.38 | Forward PE 26.11 | Enterprise Value 776420350 | Price to Sales(TTM) 2.52 |
Enterprise Value 776420350 | Price to Sales(TTM) 2.52 | ||
Enterprise Value to Revenue 2.48 | Enterprise Value to EBITDA 18.92 | Shares Outstanding 73697229 | Shares Floating 55537495 |
Shares Outstanding 73697229 | Shares Floating 55537495 | ||
Percent Insiders 12.07 | Percent Institutions 97.39 |
Upturn AI SWOT
Cantaloupe Inc

Company Overview
History and Background
Cantaloupe Inc. (formerly Cantaloupe Systems) was founded in 2001. It has evolved from a software provider for vending machines to a comprehensive payments and technology solutions provider for unattended retail. Key milestones include the introduction of their flagship Seedu2122 platform, acquisitions to expand service offerings, and rebranding to Cantaloupe Inc. to reflect its broader scope.
Core Business Areas
- Vending Management Software (VMS): Providing cloud-based software for managing vending machine operations, inventory, and sales, including the Seedu2122 platform.
- Payment Solutions: Offering hardware and software for processing cashless payments in vending machines, kiosks, and other unattended retail points.
- Hardware Solutions: Supplying payment terminals, telemetry devices, and other hardware necessary for unattended retail operations.
- Data Analytics and Insights: Leveraging collected data to provide operational insights and business intelligence to clients.
Leadership and Structure
Cantaloupe Inc. is led by a management team with experience in the technology and unattended retail sectors. The company operates through distinct divisions focused on software, payments, and hardware to serve its customer base.
Top Products and Market Share
Key Offerings
- Seedu2122 Platform: A comprehensive cloud-based vending management software offering inventory tracking, route management, sales reporting, and cashless payment integration. Competitors include VendSys, Cantaloupe's own legacy systems, and smaller proprietary software solutions.
- Cantaloupe Gou00ae: A mobile application for field technicians and operators to manage routes, inventory, and service vending machines remotely. Competitors are often integrated within larger VMS solutions or custom-built mobile tools.
- Payment Terminals (e.g., MicroMarket Plus): Hardware devices enabling cashless transactions in vending machines and micro-markets. Competitors include Nayax, Apex, and other payment hardware providers.
Market Dynamics
Industry Overview
The unattended retail industry is experiencing growth driven by the demand for convenience, contactless payment options, and data-driven operational efficiency. This includes sectors like vending, micro-markets, laundromats, and car washes. Technological advancements in IoT, AI, and payment processing are key drivers.
Positioning
Cantaloupe Inc. is positioned as a leading provider of integrated technology solutions for the unattended retail market. Its competitive advantages include a comprehensive software platform, a broad range of payment and hardware options, and a strong focus on data analytics. They aim to offer a one-stop-shop for operators seeking to modernize and optimize their businesses.
Total Addressable Market (TAM)
The global unattended retail market is substantial and growing, with estimates varying but generally in the tens of billions of dollars annually. Cantaloupe Inc. is positioned to capture a significant portion of this TAM by providing solutions across various segments of unattended retail and by continuously expanding its product and service offerings. Their market share within specific niches is growing as they acquire new customers and expand existing relationships.
Upturn SWOT Analysis
Strengths
- Integrated platform (Seedu2122) combining software, payments, and hardware.
- Strong position in the vending and micro-market segments.
- Experienced management team and established customer base.
- Focus on data analytics for operational optimization.
- Cloud-based solutions offering scalability and accessibility.
Weaknesses
- Reliance on hardware sales which can be cyclical.
- Potential for intense competition from both established players and new entrants.
- Need for continuous innovation to keep pace with technology trends.
- Customer acquisition costs can be significant.
Opportunities
- Expansion into new unattended retail verticals (e.g., smart lockers, EV charging stations).
- Growth in cashless payment adoption globally.
- Leveraging AI and machine learning for enhanced analytics and predictive maintenance.
- Partnerships with OEMs and larger retail operators.
- International market expansion.
Threats
- Cybersecurity risks and data breaches.
- Economic downturns affecting consumer spending on discretionary items.
- Technological obsolescence of payment hardware.
- Intensifying price competition.
- Changes in payment processing regulations.
Competitors and Market Share
Key Competitors
- Nayax Ltd. (NYAX)
- VeriFone (now part of VerraMobility - VRRM)
- Apex Supply Chain Technologies
- Crane Payment Innovations (part of Crane Company - CR)
Competitive Landscape
Cantaloupe Inc. competes on the basis of its integrated platform, customer service, and ability to provide end-to-end solutions. While competitors like Nayax offer strong payment solutions, Cantaloupe's strength lies in the synergy between its software, payments, and hardware offerings, particularly for vending and micro-markets. VeriFone's historical presence is significant, though its focus has shifted. Crane Payment Innovations is a major player in hardware.
Major Acquisitions
eMobile
- Year: 2021
- Acquisition Price (USD millions): 5.8
- Strategic Rationale: Acquired to enhance Cantaloupe's mobile workforce management capabilities, integrating eMobile's route management and service technology into their Seedu2122 platform.
Vimcom
- Year: 2019
- Acquisition Price (USD millions):
- Strategic Rationale: Acquired to expand Cantaloupe's vending management software capabilities and customer base.
Growth Trajectory and Initiatives
Historical Growth: Cantaloupe Inc. has experienced consistent historical growth, driven by the secular trend towards cashless payments and the increasing adoption of technology in unattended retail. This growth has been fueled by both organic expansion and strategic acquisitions.
Future Projections: Analyst projections generally indicate continued revenue growth for Cantaloupe Inc., driven by market penetration, new product launches, and expansion into adjacent markets. Profitability is expected to improve as the company achieves greater economies of scale and optimizes its cost structure.
Recent Initiatives: Recent initiatives likely include further development of their Seedu2122 platform, enhancements to their payment processing capabilities, expansion of their hardware offerings, and potentially new acquisitions to broaden their service portfolio or market reach.
Summary
Cantaloupe Inc. is a strong player in the growing unattended retail technology market, offering a comprehensive suite of software, payment, and hardware solutions. Their integrated Seedu2122 platform provides a significant competitive advantage, fostering customer loyalty and recurring revenue streams. The company is well-positioned to capitalize on the ongoing shift to cashless transactions and the demand for operational efficiency. Continued investment in innovation, strategic acquisitions, and expansion into new verticals will be crucial for sustained growth and market leadership, while navigating intense competition and evolving technological landscapes.
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Sources and Disclaimers
Data Sources:
- Cantaloupe Inc. Investor Relations
- SEC Filings (10-K, 10-Q)
- Industry Research Reports
- Financial News Outlets
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. The data presented is based on publicly available information and may not be exhaustive or perfectly accurate. Market share percentages are estimates and can fluctuate. Users should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Cantaloupe Inc
Exchange NASDAQ | Headquaters Malvern, PA, United States | ||
IPO Launch date 1999-06-07 | CEO, President & Director Mr. Ravi Venkatesan | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 358 | Website https://www.cantaloupe.com |
Full time employees 358 | Website https://www.cantaloupe.com | ||
Cantaloupe, Inc., a digital payments and software services company, provides technology solutions for the self-service commerce market. The company offers a suite of solutions, including micro-payment processing, self-checkout kiosks, mobile ordering, connected point-of-sale (POS) systems, and enterprise cloud software. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage, Engage Combo, and Engage Plus, which are digital touchscreen devices that offer networking, security, and interactivity payment methods; and P series, which are card touchscreen card readers that include P66, P100, P100Pro, and P30. In addition, the company offers self-checkout kiosks, smart store concepts, and the Cantaloupe Go management platform comprising Go Mini, Go MiniX, Go Plus100, Go Plus200, Go Plus300, Go Max, Cooler Cafe, Smart Store Go Micro kiosk, and Cantaloupe Smart Aisle. Further, it provides the Seed platform, a cloud-based asset management and optimization solution; remote price change, an add-on software service within the Seed platform; Cantaloupe Go portal, a robust cloud-based platform; Seed API, an API web service; and additional services, such as Cantaloupe Go consumer mobile app loyalty programs, campus card integrations, digital ad-management, and data warehouse services. Additionally, the company offers professional, network infrastructure, card processing, and customer/consumer services. Cantaloupe, Inc. was formerly known as USA Technologies, Inc. The company was incorporated in 1992 and is headquartered in Malvern, Pennsylvania.

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