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. (Nasdaq: PMTS) is a payments technology company focused on payment cards and related digital solutions, and its news flow reflects activity across debit, credit, and prepaid markets. On this page, readers can review press releases and updates that the company issues about its operations, partnerships, acquisitions, financial performance, and technology initiatives.
Recent news has highlighted CPI’s acquisition of Arroweye Solutions, Inc., a provider of digitally driven, on-demand payment card solutions for the U.S. market, as well as the integration of CPI’s Card@Once® SaaS-based instant issuance solution with the Nymbus Core Platform. Other announcements describe a strategic partnership and minority equity investment in Karta to integrate SafeToBuy technology with CPI’s U.S. prepaid solutions, aimed at enhancing prepaid card security and connecting physical cards with mobile and online use.
Investors and industry observers can also find quarterly earnings releases, where CPI reports net sales trends, segment performance in Debit and Credit and Prepaid Debit, and commentary on factors such as tariffs, sales mix, and investments in secure card production facilities. Additional items include recognition for specialized card projects, such as the UHCU Metal Card and package being named a finalist in the Élan Awards, and updates on capital structure actions, including amendments to the company’s asset-based revolving credit facility and partial redemptions of senior secured notes.
This news feed allows users to follow how CPI Card Group pursues its strategy to grow and diversify its portfolio of payment card production, instant issuance, prepaid, and digital solutions, and how it collaborates with financial institutions, prepaid program managers, and technology partners across the U.S. payments ecosystem.
CPI Card Group Inc. (PMTS) reported a significant financial performance for Q3 2022, with net sales rising 25% to $124.6 million and net income up 80% to $11.9 million. This marks the third consecutive record sales quarter, driven primarily by strong demand for contactless cards. Adjusted EBITDA increased 32% to $28.3 million, reflecting strong operating leverage. The company raised its full-year outlook, anticipating low 20% sales growth and high teens Adjusted EBITDA growth. CPI continues to lead in eco-focused payment solutions, enhancing profitability despite inflationary pressures.
CPI Card Group, a payment technology firm, will host a conference call on November 3, 2022, at 9:00 a.m. ET to discuss its third quarter financial results. The results will be released prior to market open that day. The call will feature CEO Scott Scheirman and CFO Amintore Schenkel.
Investors can access the webcast via a link available on the company's investor relations website. A replay of the call will be accessible until November 17, 2022.
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.