CTLP (CTLP)

Cantaloupe Inc., a leader in unattended retail, processes $3.4 billion in annual sales by enabling cashless payments and managing over 1.2 million IoT devices. Their long-standing partnership with Verizon provides critical IoT connectivity, ensuring reliability in challenging environments and minimizing fraud risks. This collaboration allows Cantaloupe to accelerate hardware deployment, reduce operational costs for its customers, and expand into new self-service retail innovations like AI-enabled Smart Stores.

365 Retail Markets has finalized its acquisition of Cantaloupe, Inc., creating a combined entity that will operate under the 365 Retail Markets brand. This merger brings together Cantaloupe's payment and telemetry solutions with 365's self-checkout and smart store systems, aiming to expand market reach into new sectors like hospitality and entertainment while enhancing convenience for consumers. The acquisition is expected to lead the shift towards more connected and automated self-service retail experiences, supporting customers across various stages of growth in the unattended retail industry.

Cantaloupe Inc (CTLP) has an earnings forecast score of 6.00, placing it 63rd out of 71 in the Financial Technology industry. Analysts project a price target of USD 11.20, with revenue expected to be $92.70 million for the next quarter. The company's previous EPS was USD -0.00, with an anticipated EPS of USD 0.12 for the upcoming quarter.

The Federal Trade Commission (FTC) has approved 365 Retail Markets' $848 million acquisition of Cantaloupe Inc. after implementing measures to maintain competition in the micromarket kiosk industry. To address concerns about potential monopolies, 365 Retail was required to divest Cantaloupe's Three Square Market business to Seaga Manufacturing Inc. The agreement also includes provisions for interoperability and a 10-year notice period for future acquisitions in the micromarket kiosk sector.

This article provides a dividend and stock split history for Cantaloupe Inc (CTLP). It notes that Cantaloupe Inc has not distributed any dividends over the past five years and has no recorded stock split events. The page also includes current stock information such as market cap and P/E ratio, alongside a disclaimer about the general nature of the information provided.