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CPI Card Group Inc (PMTS) delivers innovative payment card solutions through secure production and mobile technologies for global financial institutions. This news hub provides investors and industry professionals with essential updates on corporate developments, technological advancements, and market positioning.
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Key updates on card personalization technologies, security certifications, and international expansion efforts. Discover how CPI maintains its leadership through North America's largest network of high-security production facilities while adapting to evolving digital payment trends.
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CPI Card Group (Nasdaq: PMTS), a payments technology company specializing in payment cards and digital solutions, has scheduled its first quarter 2025 earnings release and conference call. The financial results will be released before market open on May 7, 2025, followed by a webcast and conference call at 9:00 a.m. ET.
President and CEO John Lowe and CFO Jeff Hochstadt will lead the call. The earnings presentation materials will be available on the company's investor website. A replay of the conference call will be accessible until May 14, 2025.
CPI Card Group (PMTS) reported strong Q4 2024 results with net sales up 22% to $125.1 million and net income surging 148% to $6.8 million. Adjusted EBITDA increased 10% to $21.9 million.
For full year 2024, net sales grew 8% to $480.6 million, though net income decreased 19% to $19.5 million due to debt refinancing costs. The Prepaid Debit segment showed exceptional performance, reaching $106.5 million in sales, up 26% year-over-year.
Key developments include:
- Issued $285 million of 10% Senior Secured Notes due 2029
- Executed $9 million in share repurchases
- Completed secondary offering reducing majority stockholder ownership from 56% to 43%
- Delivered over 350 million eco-focused payment solutions since launch
The company projects mid-to-high single-digit net sales and Adjusted EBITDA growth for 2025, driven by expansion in core markets and digital offerings.
CPI Card Group (Nasdaq: PMTS), a payments technology company specializing in payment cards and digital solutions, has scheduled its fourth quarter and full year 2024 earnings release for March 4, 2025, before market opening. The company will host a webcast and conference call at 9:00 a.m. ET on the same day.
President and CEO John Lowe and CFO Jeff Hochstadt will lead the conference call. The earnings release will be accompanied by a slide presentation, available on the company's investor website. A replay of the conference call will be accessible until March 18, 2025, through various channels including telephone and webcast.
CPI Card Group reported strong Q3 2024 results with net sales increasing 18% to $124.8 million. The company saw growth across its portfolio, particularly in Debit and Credit segment (+19%) and Prepaid segment (+13%). However, net income decreased 66% to $1.3 million due to $8.8 million in debt refinancing costs. Adjusted EBITDA rose 18% to $25.1 million.
The company updated its 2024 outlook, projecting mid-to-high single-digit net sales growth and low single-digit Adjusted EBITDA growth. CPI completed a debt refinancing, issuing $285 million of 10% Senior Secured Notes due 2029 and establishing a new $75 million ABL revolving credit facility.
CPI Card Group (PMTS) reported strong Q3 2024 results with net sales increasing 18% to $124.8 million, driven by growth in both Debit and Credit (19%) and Prepaid (13%) segments. While net income decreased 66% to $1.3 million due to debt refinancing costs, Adjusted EBITDA rose 18% to $25.1 million.
The company updated its 2024 outlook, projecting mid-to-high single-digit net sales growth and low single-digit Adjusted EBITDA growth. Notable achievements include selling over 100 million eco-focused cards and maintaining leadership in SaaS-based instant issuance solutions with 16,000+ Card@Once® installations.
CPI Card Group (Nasdaq: PMTS), a payments technology company providing credit, debit, and prepaid card solutions, will release its third quarter 2024 financial results before market opens on November 5, 2024. The company will host a webcast and conference call at 9:00 a.m. ET the same day, featuring President and CEO John Lowe and CFO Jeff Hochstadt. A slide presentation and earnings press release will be available on the company's investor website. The conference call replay will be accessible until November 19, 2024.
CPI Card Group Inc. (Nasdaq: PMTS) is set to deploy a revolutionary new chip technology in payment cards. The company has begun manufacturing sample cards featuring Infineon's SECORA Pay Green, an All-in-One technology with an integrated chip and antenna. This advancement allows for expanded card design options and reduced environmental impacts.
Key features of the new technology include:
- Flexibility in card shape, colored core, and clear cards
- Compatibility with eco-focused materials
- Decreased carbon footprint due to elimination of separate inlay
- Expansion of CPI's eco-focused portfolio, including Second Wave® and Earthwise® cards
CPI is now accepting orders for pilot programs and will showcase card samples at the Money 20/20 fintech trade show in Las Vegas from Oct. 27-30.