Welcome to our dedicated page for Cpi Card Group news (Ticker: PMTS), a resource for investors and traders seeking the latest updates and insights on Cpi Card Group stock.
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.
Access timely press releases and analysis covering earnings reports, product launches, strategic partnerships, and operational milestones. Our curated collection ensures transparent tracking of CPI Card Group's role in advancing secure financial transactions across debit, credit, and prepaid card markets.
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.
Bookmark this page for streamlined access to verified information about CPI Card Group's contributions to payment ecosystem innovation. Check regularly for authoritative updates that matter to stakeholders in the financial technology sector.
CPI Card Group announced a private offering of $285 million in senior secured notes due 2029 through its subsidiary, CPI CG. The proceeds will be used to redeem the company’s 8.625% senior secured notes due 2026 and cover related costs. This offering, targeting institutional buyers, is subject to market conditions and may not be completed. The notes will be guaranteed by CPI and its domestic subsidiaries, and will be secured by most of their assets. The offering is private and not registered under the Securities Act. No public offer or solicitation is involved.
CPI Card Group has been recognized with the 2024 Élan Award of Excellence in the People’s Choice category by the International Card Manufacturers Association (ICMA) for its innovative LED Card. The award was announced at the ICMA Expo in Orlando, Florida, held from May 13 to 16. The LED Card features embedded LEDs that illuminate when near a contactless reader, offering interactive feedback during transactions. This award reflects the industry and public appeal of CPI’s LED cards. Toni Thompson, Head of Operations, expressed gratitude for the team's dedication to innovation.
CPI Card Group Inc. reported a 7% decrease in net sales to $112 million, a 50% decrease in net income to $5 million, and an 8% decrease in Adjusted EBITDA to $23 million in the first quarter of 2024. Despite the declines, all metrics improved from the previous quarter. The company foresees a gradual market recovery in 2024 and affirmed its full-year net sales and Adjusted EBITDA outlook. CPI continues to lead in eco-focused payment cards and Software-as-a-Service-based instant issuance solutions in the U.S. market.
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