Cantaloupe, Inc.

Good day, and thank you for standing by. Welcome to the Candlelit Fourth Quarter for Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you need to press star 1-1 on your telephone. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Daryl Dirks, Investor Relations. Please go ahead.

Thank you, and good afternoon, everyone. Welcome to the Cantaloupe Fourth Quarter Earnings Conference Call. With me on the call this afternoon is John Feeney, Chief Executive Officer, Doug Bergeron, Chairman of the Board, Scott Stewart, Chief Financial Officer, Ravi Venkatesan, Chief Operating Officer. Before we begin today's call, I would like to remind you that all statements included in this call, other than the statements of historical fact, are forward-looking in nature. Actual results could differ materially from those contemplated by the forward-looking statements because of certain factors, including but not limited to business, financial, markets, and economic conditions. A detailed discussion of the risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in our filings with the SEC and in the press release issued earlier today. Listeners are cautioned to not place undue reliance on any such forward-looking statements which reflect management's views only as of the date they are made. Cantaloupe undertakes no obligation to update any forward-looking statements, whether because of new information, future events, or otherwise. This call will also include a discussion of certain non-GAAP financial measures that we believe are useful for, among other things, evaluating Cantaloupe's operating results. These non-GAAP financial measures are supplemental to and not substitute for GAAP financial measures such as net income or loss. Details of these non-GAAP financial measures, a presentation of the most directly comparable GAAP financial measures, and a reconciliation between these non-GAAP financial measures as well as the most comparable GAAP financial measures can be found in our press release issue this afternoon, which has been posted on the investor relations section of our website at www.cantelope.com. And with that, I would like to turn the call over to Sean.

Thank you, Dara. Good afternoon, and thank you for joining us today. For the past two years, we have been working on a fundamental transformation of the company, and today I am excited to report strong results for Q4 and for FY 2022, showing the continued momentum behind our strategy. First, on Q4, our revenue during the quarter was $58 million, up 18% over last year's fourth quarter. This marks an all-time high for total quarterly revenue and is the fifth successive quarter where we posted double-digit revenue growth. The strong finish to the year was driven by 17% growth in combined transaction and subscription revenue and equipment revenue growth of 22%. During the quarter, we also grew active customers by 21% and active devices by 4%. Our adjusted EBITDA for the quarter was $2 million compared to $5 million in the same quarter of the prior year. As a reminder, prior year benefited from a $2.9 million adjustment to our sales tax reserve due to a state law change. Now, a few highlights from our annual results. For the full fiscal year, we reported a 23% increase in revenue to $205 million, also a new company record. and delivering on the initial guidance we provided last September, despite a slowdown in transactions during the winter months due to the resurgence in COVID-19. Our adjusted EBITDA was $9.9 million for the year, up 30% over last year's $7.6 million, again delivering on the initial guidance. This was driven by our strong revenue growth and disciplined expense management. We also managed our inventory and supply chain aggressively and effectively throughout the year. We utilized our strong balance sheet to build up our inventory and ensure we could meet the demand of our large and growing customer base, particularly during the 4G and EMV hardware upgrade cycle. And with that, I'd like to turn the call over to our chairman, Doug Bergeron, for a few words. Doug?