Cpi Card Group Stock Price, News & Analysis

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.

CPI Card Group Inc. (Nasdaq: PMTS), a leader in payment technology solutions, announced its participation in the 34th Annual Roth Investor Conference set for March 15, 2022, in Dana Point, CA. John Lowe, SVP and General Manager, Secure Card, along with Mike Salop, Head of Investor Relations, will lead investor meetings during the event. CPI specializes in providing credit, debit, and prepaid solutions, leveraging over 20 years of experience to serve financial institutions and payments service providers across the U.S. Learn more at www.cpicardgroup.com.

CPI Card Group has achieved a significant milestone by selling over 50 million eco-focused payment cards from its Earth Elements™ portfolio. This growth follows the launch of the Second Wave® payment card in 2019 and subsequent Earthwise™ cards in 2020 and 2021. The Second Wave® card utilizes recovered ocean-bound plastic, diverting over one ton of plastic for every million cards sold. The Earthwise™ cards are designed to reduce first-use PVC, with up to 98% upcycled plastic. CPI emphasizes its commitment to sustainability in the payments industry.

CPI Card Group Inc. (PMTS) reported a strong performance for 2021, with net sales increasing 20% to $375.1 million. The company's net income fell slightly by 1% to $15.9 million, while Adjusted EBITDA rose 33% to $76.4 million. The fourth quarter saw an 11% sales increase to $93.2 million, but net income plummeted 91% to $0.7 million partly due to tax benefits in the prior year. For 2022, CPI anticipates mid-single digit growth in net sales and Adjusted EBITDA, driven by demand in the Debit and Credit segments.

CPI Card Group (NASDAQ: PMTS) announced a webcast and conference call scheduled for March 8, 2022, at 9:00 a.m. ET. The call will discuss the company’s fourth-quarter and full-year financial results for 2021, which will be released prior to market opening on the same day. Key executives, including President Scott Scheirman and CFO Amintore Schenkel, will participate. Investors can access the conference via phone or online, with a replay available until March 22, 2022.