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cantaloupe Cantaloupe , Inc. Reports Third Quarter Fiscal Year 2021 Results May 6 , 2021 MALVERN , Pa .-- ( BUSINESS WIRE ) -- May 6 , 2021-- Cantaloupe , Inc. , ( NASDAQ : CTLP ) ( " CTLP " or the " Company " ) , a digital payments and software services company that provides end - to - end technology solutions for the unattended retail market , today reported results for the fiscal year 2021 third quarter . " We are pleased with our financial results for the third fiscal quarter , which improved sequentially as schools and other organizations across the country continue to re - open . During the quarter we also made great progress on our strategic initiatives by driving sustainable organic growth through deepening existing relationships and winning new customers , " said Sean Feeney , chief executive officer , Cantaloupe , Inc. " One year into leading this incredible company , I am proud of the progress we've made at the Company . The successful rebrand to Cantaloupe has re - energized us as we emerge from the pandemic and set forth on a path to growth and future successes , as we help the world buy it and go . " Financial Highlights : • Revenue of $ 42.8 million , an increase of 11.7 % versus second quarter 2021 , and a decrease of 0.8 % year over year • License and transaction fee revenue of $ 34.7 million , an increase of 4.4 % versus second quarter 2021 and a decrease of 0.8 % year - over - year and • Equipment revenue of $ 8.1 million , an increase of 59.2 % over second quarter 2021 and a decrease of 0.8 % year over year • Active Devices , defined as devices that have communicated or transacted with the Company in the last 12 months , totaled 1.08 million at the end of the third quarter of 2021 compared to 1.05 million at the end of the third quarter of 2020 , an increase of approximately 30,000 Active Devices , or 3 % • Active Customers , defined as customers that have at least one Active Device , totaled 18,763 at the end of the third quarter of 2021 compared to 16,808 at the end of the third quarter of 2020 , an increase of 1,955 Active Customers , or 12 % • Gross margin of 29.7 % compared with 25.5 % in the prior year period . Operating loss of $ 2.0 million for the quarter ended March 31 , 2021 compared to operating loss of $ 10.2 million in the prior year period , driven primarily by a $ 6.5 million reduction in operating expenses • GAAP Net loss applicable to common shares of $ 2.2 million , or $ 0.03 per basic share compared to net loss applicable to common shares of $ 9.6 million , or $ 0.15 per basic share in the prior year period • Adjusted EBITDA¹ of $ 2.2 million compared to $ ( 3.9 ) million in the prior year period • Raised $ 55 million of aggregate gross proceeds from institutional accredited investors through a private placement transaction • Ended the quarter with $ 88.6 million in cash and cash equivalents compared to $ 31.7 million as of June 30 , 2020 Operational Highlights : • Renewed Small Ticket Incentive Agreement with Visa U.S.A. Inc. • Experienced increased momentum in customers converting from 2G / 3G to 4G LTE devices Upgraded and expanded the ePort product family to accept EMV contact and contactless payments • Launched next generation of Seed Cashless + tailored to small and medium businesses ( SMBs ) in the channel • Announced eCommerce integration for Office Coffee Service ( " OCS " ) and Delivery Services • In April , USA Technologies , Inc. officially launched as Cantaloupe , Inc. ( Nasdaq : CTLP ) , celebrating its rebranding under a new name and ticker Fiscal Year 2021 Outlook : For full fiscal year 2021 , the Company is reiterating the following :