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, a leading payment technology company, will participate in the Lake Street Capital Markets Best Ideas Growth Conference on September 14, 2021. John Lowe, the CFO, will host virtual one-on-one investor meetings during this event. CPI specializes in credit, debit, and prepaid solutions, leveraging over 20 years of experience. The company is known for its innovative financial payment cards and instant issuance services, ensuring PCI compliance across its high-security facilities. For more details, visit www.cpicardgroup.com.
CPI Card Group Inc. (Nasdaq: PMTS; TSX: PMTS) has announced its intention to voluntarily delist its common stock from the Toronto Stock Exchange (TSX). This decision is driven by a decrease in trading volume that no longer justifies the costs associated with maintaining the TSX listing. With its recent listing on Nasdaq, the company aims to redirect saved resources towards business advancement. The anticipated delisting from TSX is set for around August 27, 2021, but Canadian stockholders can continue to trade shares through Nasdaq.
CPI Card Group (Nasdaq: PMTS) reported strong financial results for Q2 and the first half of 2021. Net sales surged 31% year-over-year to $93.2 million in Q2, driven by new customers and the shift toward contactless cards. Gross profit rose 61% to $37.1 million, with a margin increase to 39.8%. Income from operations jumped 218% to $15.8 million. Year-to-date net income also saw significant growth, reaching $8.6 million, a 185% increase from the previous year. CPI effectively reduced debt by $30 million and maintained a leverage ratio below 4x.
CPI Card Group (Nasdaq: PMTS; TSX: PMTS) will host a webcast and conference call on August 12, 2021, at 9:00 a.m. ET to discuss its second quarter and first half 2021 financial results. The results will be released before the market opens on the same day. The call will feature President and CEO Scott Scheirman and CFO John Lowe. Investors can access the conference via a toll-free number or online. A replay will be available until August 26, 2021.
CPI Card Group Inc. (PMTS) has received approval from Nasdaq for its common stock listing on The Nasdaq Global Market, effective August 5, 2021. CPI, a leading payment technology company providing credit, debit, and prepaid solutions, aims to enhance its visibility and attract a broader investor base through this listing. CEO Scott Scheirman expressed confidence in their strategic plans and the quality of their products and services. With over 20 years of industry experience, CPI operates PCI-compliant facilities across the U.S., serving a wide range of customers.
CPI Card Group Inc. (OTCQX: PMTS) announced the re-election of its six sitting directors and the election of Thomas Furey as a new independent director at its annual meeting. Furey, with over 25 years of experience in manufacturing and operations, is expected to bring valuable expertise to the board. Additionally, stockholders ratified KPMG LLP as the independent accounting firm and approved the compensation of named executive officers. An amendment to increase shares available under the Omnibus Incentive Plan was also approved. Detailed voting results are available in an SEC filing.
CPI Card Group Inc. (OTCQX: PMTS; TSX: PMTS) announced strong first-quarter results for 2021, reporting a 20% increase in net sales, totaling $89.1 million. Net income rose by 37% to $2.4 million, while Adjusted EBITDA jumped 78% to $22.1 million. The gross profit margin improved to 40.1%. The company refinanced its debt, extending maturities and entering a $50 million revolving credit facility. Despite a $5.0 million loss on debt extinguishment, the overall financial performance reflects strong operational leverage and market opportunities.
CPI Card Group Inc. (OTCQX: PMTS) will announce its first-quarter 2021 financial results on May 11, 2021, prior to market opening. The company will provide written commentary on its quarterly performance instead of hosting an earnings call. CPI Card Group specializes in credit, debit, and prepaid solutions and has over 20 years of experience in the payment technology sector. Customers include financial institutions and payment service providers, supported by a vast network of PCI-compliant facilities.
CPI Card Group (OTCQX: PMTS, TSX: PMTS) has launched Second Wave® cards for instant issuance, made with recovered ocean-bound plastic. This initiative, integrated with the Card@Once® solution, allows financial institutions to provide eco-friendly cards that cater to environmentally-conscious consumers. According to a CPI study, 94% of consumers are worried about ocean plastic, and 87% find ocean-plastic cards appealing. CPI estimates that every million Second Wave cards produced will divert over one ton of plastic from oceans. This eco-focused approach highlights CPI's commitment to sustainability while enhancing cardholder experience.
CPI Card Group (OTCQX: PMTS, TSX: PMTS) has partnered with Unifimoney to offer its innovative Second Wave® cards for the new Unifi Premier credit card. These EMV® compliant cards are made with recovered ocean-bound plastic, appealing to eco-conscious consumers. CPI estimates that producing one million Second Wave® cards diverts over a ton of plastic from oceans. According to a survey, 94% of consumers are concerned about ocean plastic, with many willing to switch institutions for eco-friendly card options. This collaboration reflects CPI's commitment to sustainable practices.