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cantaloupe Cantaloupe , Inc. Reports First Quarter Fiscal Year 2022 Results November 4 , 2021 First Quarter Revenue Increased 24 % Year over Year ; Record Transaction Fee Revenue of $ 26.4 Million Reaffirms Fiscal Year 2022 Outlook MALVERN , Pa .-- ( BUSINESS WIRE ) -- Nov . 4 , 2021-- Cantaloupe , Inc. ( Nasdaq : CTLP ) ( " Cantaloupe " 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 2022 first quarter ended September 30 , 2021 . " We had a strong start to fiscal year 2022 , with first quarter revenues increasing 24 % year over year , driven by a 34 % increase in transaction revenues and a 37 % increase in equipment revenue over the prior year first quarter . As evidenced by our results , we see continued demand for Cantaloupe's products and services , " said Sean Feeney , chief executive officer , Cantaloupe , Inc. " We are executing on our product roadmap which we announced at the Innovation Summit in August , as well as deepening relationships with both existing and new customers . " First Quarter Financial Highlights : • The Company delivered revenues¹ in the first quarter of $ 45.8 million , an increase of 24.1 % year over year o Transaction fees of $ 26.4 million , an increase of 34.3 % year - over - year o Subscription fees of $ 14.2 million , an increase of 5.8 % year - over - year o Equipment sales of $ 5.2 million , an increase of 36.8 % year over year • Gross margin of 32.5 % compared with 38.6 % in the prior year period , the prior year period benefited from a one - time out of period adjustment • Subscription and Transaction fees margins totaled 35.9 % versus 41.6 % in the prior year quarter o Equipment sales margins were 5.3 % compared to 12.4 % in the prior year quarter ● Operating loss of $ 1.1 million for the quarter ended September 30 , 2021 , compared to operating loss of $ 3.6 million in the prior year period • U.S. GAAP Net loss applicable to common shares of $ 1.6 million , or $ 0.02 per share compared to net loss applicable to common shares of $ 6.9 million , or $ 0.11 per share , in the prior year period • Adjusted EBITDA2 of $ 1.9 million compared to $ ( 0.5 ) million in the prior year period • Active Devices totaled 1.11 million at the end of the first quarter of 2022 compared to 1.08 million at the end of the first quarter of 2020 , an increase of 3 % • Active Customers totaled 20,738 at the end of the first quarter of 2021 compared to 17,760 at the end of the first quarter of 2020 , an increase of 17 % Business Highlights : • In August 2021 , the Company completed the acquisition of certain assets and liabilities of Delicious Nutritious LLC , doing business as Yoke Payments ( " Yoke " ) , a micro market payments company • In August 2021 , the Company hosted its inaugural Cantaloupe Innovation Summit at The NAMA Show 2021 , showcasing new products and services • Completed testing and certification of ePort Engage devices , which began shipping at the end of September • Continued promotional upgrade program to 4G LTE ● Acquired new customers while expanding amongst existing customers . The Company recently onboarded Refreshments , Inc , who purchased a full suite of Seed software services . The Florida Department of Education's Division of Blind Services was another notable win . During the quarter , the Company also saw Seed expansion at Legends Commerce in their Maryland locations , and conversions to Seed from competitors ' products at Jelcap and Vending Plus .