“In other recent news, Cantaloupe, Inc. reported a substantial 13% increase in year-over-year revenue for the first quarter of the fiscal year 2025, reaching $70.8 million. The company highlighted growth in both transaction and subscription revenue, an improved adjusted gross margin, and a rise in adjusted EBITDA. The company’s annual meeting saw shareholders re-elect all director nominees and approve executive compensation. The appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending June 30, 2025, was also ratified. In terms of growth strategies, Cantaloupe is focusing on scaling its international operations and improving efficiencies, with a particular interest in Latin America and other international markets. New products like Seed Analytics and Cantaloupe One have contributed to a 12% increase in ARPU. Lastly, the successful integration of SB Software (ETR:SOWGn)’s Vendmanager has expanded Cantaloupe’s micro markets and customer base. These are recent developments that underline the company’s robust growth and strategic focus.”
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