Cpi Card Group Stock Price, News & Analysis

CPI Card Group reported a 22% increase in net sales to $113.3 million for Q2 2022, driven by strong demand for contactless cards and SaaS instant issuance solutions. However, net income slightly decreased by 1% to $6.2 million, while Adjusted EBITDA rose by 2% to $19.7 million. The company has raised its 2022 outlook, projecting high teens net sales growth and low double-digit Adjusted EBITDA growth. Despite inflationary pressures affecting costs, CPI continues to highlight strong market growth for eco-focused payment cards and instant issuance services.

CPI Card Group (NASDAQ: PMTS) will host a webcast and conference call on August 8, 2022, at 9:00 AM ET to discuss its second quarter financial results. The financial results will be released before the markets open on the same day. CEO Scott Scheirman and CFO Amintore Schenkel will participate. Interested parties can access the call via telephone or online. A replay will be available until August 22, 2022. For more details, visit the CPI Card Group Investor Relations website.

CPI Card Group Inc. (NASDAQ: PMTS) has announced a successful integration of its Card@Once instant issuance solution with Automated Systems, Inc.'s Insite™ core system.

This collaboration will enable ASI clients to seamlessly issue new and replacement payment cards, improving the service experience for community banks across the U.S. The integration simplifies the issuance process, reducing dual entry tasks, and enhancing operational efficiency.

CPI Card Group (PMTS) has announced that its Second Wave® and Earthwise™ rPVC cards have received approval from Mastercard as part of its sustainable card program. These cards are made with upcycled plastics, contributing to reduced plastic waste and supporting eco-conscious consumer choices. The certification from Mastercard ensures these products meet sustainability standards, aiding financial institutions in offering environmentally-friendly payment options. The acknowledgment reinforces CPI’s commitment to sustainability in the payments industry.

CPI Card Group Inc. (PMTS) reported impressive first-quarter 2022 results, with net sales increasing 25% to $111.4 million, marking a record for the Company. Net income surged 149% to $6.0 million, attributed to lower previous year debt refinancing costs. Adjusted EBITDA rose 2% to $22.5 million. The growth was fueled by high demand for contactless cards and Card@Once® instant issuance solutions. The Company updated its 2022 outlook, anticipating low double-digit net sales growth and mid-to-high single-digit EBITDA growth.

CPI Card Group (NASDAQ: PMTS) has deepened its collaboration with FirstBank, a subsidiary of FB Financial Corporation (NYSE: FBK), by implementing the Card@Once instant issuance solution in select branches. This rollout includes 47 Card@Once printers across Tennessee, Kentucky, North Alabama, and North Georgia. With approximately $12.6 billion in total assets, FirstBank enhances its customer experience by allowing quick card issuance during branch visits. The Card@Once solution, supported by a SaaS model, eliminates the need for in-house IT management, enabling efficient, cloud-based card issuance.

CPI Card Group Inc. (NASDAQ: PMTS) announced a conference call on May 5, 2022, to discuss its first quarter financial results. The call will begin at 9:00 a.m. ET, featuring CEO Scott Scheirman and CFO Amintore Schenkel. Results will be published before markets open on the same day, with accompanying materials available on CPI's investor website. Interested participants can access the call via telephone or webcast, with replay options available until May 19, 2022.

CPI Card Group (PMTS) has announced a collaboration with Member Access Processing (MAP) to enhance the branch experience for credit unions. The partnership introduces Card@Once, an instant issuance solution enabling members to receive new or replacement debit cards within minutes at the branch. This SaaS-based solution alleviates the need for credit unions to manage traditional instant issuance infrastructure, with CPI handling IT setup and support.

The initiative aims to transform customer service in credit unions by providing quick, convenient access to financial services.

CPI Card Group (NASDAQ: PMTS) has launched its Push Provisioning service, allowing issuers to tokenize Mastercard debit and credit cards for various mobile wallets, including Apple Pay and Google Pay. This solution addresses the need for a comprehensive issuance strategy by supporting mobile payment experiences. Issuers benefit from CPI's digital infrastructure, minimizing internal resource challenges while providing a customized mobile wallet experience. The focus on mobile capabilities positions CPI competitively in the evolving payment landscape.