CPI Card Group Earnings Reports

CPI Card Group delivered a strong Q4 2024, with net sales increasing by 22% to $125.1 million. Net income surged by 148% to $6.8 million, while Adjusted EBITDA grew by 10% to $21.9 million. Growth was driven by the prepaid business and higher demand for contactless debit and credit cards. The company also provided an optimistic outlook for 2025, expecting mid-to-high single-digit growth.

CPI Card Group Inc. reported an 18% increase in third-quarter net sales, reaching $124.8 million, driven by growth in both Debit and Credit and Prepaid segments. Net income decreased 66% to $1.3 million due to debt refinancing costs, while Adjusted EBITDA increased 18% to $25.1 million.

CPI Card Group Inc. reported a 3% increase in net sales to $118.8 million for the second quarter of 2024. Net income decreased by 8% to $6.0 million, and Adjusted EBITDA decreased by 6% to $21.9 million. The company has updated its full year net sales outlook to mid-single digit growth.

CPI Card Group reported a 7% decrease in net sales to $111.9 million, a 50% decrease in net income to $5.5 million, and an 8% decrease in Adjusted EBITDA to $23.0 million compared to the prior year first quarter. These results reflect cautious customer spending in the Debit and Credit segment, offset by strong growth in the Prepaid segment. The company anticipates a market recovery in the second half of the year and has affirmed its full-year net sales and Adjusted EBITDA outlook.

CPI Card Group's Q4 2023 results showed a decrease in net sales by 19% to $102.9 million, a 78% decrease in net income to $2.7 million, and a 27% decrease in Adjusted EBITDA to $19.9 million, reflecting cautious customer spending and inventory management.

CPI Card Group Inc. reported a decrease in third quarter sales and earnings compared to the previous year. Net sales decreased by 15% to $105.9 million, net income decreased by 68% to $3.9 million, and Adjusted EBITDA decreased by 25% to $21.2 million. The company updated its full year outlook for 2023, projecting mid-single digit declines for both net sales and Adjusted EBITDA.

CPI Card Group Inc. reported a 1% increase in net sales to $115 million for Q2 2023. Net income rose by 6% to $6.5 million, and Adjusted EBITDA increased by 18% to $23.3 million, driven by reduced operating expenses. The company has updated its full-year net sales outlook for 2023 to a range of flat to low single-digit growth and affirmed its outlook for mid-to-high single-digit Adjusted EBITDA growth, as well as its projections for Free Cash Flow to more than double and the year-end Net Leverage Ratio to improve to between 2.5x and 3.0x.

CPI Card Group Inc. reported an 8% increase in net sales to $120.9 million for the first quarter of 2023, driven by strong sales of contactless cards. Net income increased by 81% to $10.9 million, and Adjusted EBITDA increased by 11% to $25.1 million. The company affirmed its full-year outlook for 2023, projecting mid-single digit net sales growth and mid-to-high single digit Adjusted EBITDA growth.

CPI Card Group reported a strong fourth quarter with a 36% increase in net sales to $126 million and a 1,754% increase in net income to $12.5 million. The company's performance was driven by strong customer demand for contactless cards and SaaS-based instant issuance solutions.

CPI Card Group Inc. reported strong third quarter results with net sales increasing by 25% to $124.6 million and net income increasing by 80% to $11.9 million, driven by strong demand for payment solutions and solid execution.

CPI Card Group Inc. reported a 22% increase in net sales, reaching $113.3 million, marking another record sales quarter. Net income saw a slight decrease of 1% to $6.2 million, while Adjusted EBITDA rose by 2% to $19.7 million.

CPI Card Group Inc. reported a 25% increase in net sales to $111.4 million and a 149% increase in net income to $6.0 million in the first quarter of 2022. The company's growth was driven by the Debit and Credit segment, with strong performance from contactless cards and instant issuance solutions.

CPI Card Group Inc. reported an 11% increase in fourth-quarter net sales, reaching $93.2 million. However, net income decreased by 91% to $0.7 million, and Adjusted EBITDA decreased by 23% to $13.6 million due to increased costs and income tax benefits in the prior year. The company anticipates mid-single-digit net sales and Adjusted EBITDA growth for 2022.

CPI Card Group Inc. reported a 20% increase in net sales, reaching $99.6 million, and a 14% increase in net income, totaling $6.6 million. Adjusted EBITDA also saw a significant rise of 23% to $21.5 million. The company's success reflects its focus on delivering high-quality products and services, and resilience in navigating ongoing supply-chain and labor shortage challenges.

CPI Card Group Inc. reported a strong second quarter with net sales increasing by 31% year-over-year to $93.2 million and net income increasing by 387% year-over-year to $6.2 million. The company's success was driven by onboarding new customers, including those in the FinTech space, and focusing on meeting customer needs with high-quality and differentiated products and solutions.

CPI Card Group Inc. reported strong Q4 2020 results, driven by solid execution of their customer-centric strategy. Net sales increased by 16% year-over-year, and net income improved by 404%. Adjusted EBITDA also saw a significant increase of 99% compared to the same period last year.

CPI Card Group Inc. reported a strong third quarter with a 15% increase in net sales and a significant rise in net income, driven by dual interface card demand and efficiency initiatives.

CPI Card Group Inc. reported a 7% increase in net sales for the second quarter of 2020, reaching $71.4 million. Net income decreased by 93% to $0.1 million, while adjusted EBITDA increased by 19% to $10.1 million. The company highlighted growth in debit and credit card sales and the launch of new sustainable payment card solutions.

CPI Card Group Inc. reported strong first-quarter results with an 11% year-over-year increase in net sales to $74.0 million. Net income from continuing operations improved by 179% to $2.4 million, and Adjusted EBITDA increased by 55% to $12.4 million. The company saw strong demand for its differentiated products and solutions, such as dual-interface EMV® products, which drove top-line growth and leveraged the business model for significant bottom-line performance improvement.

CPI Card Group's Q4 2019 net sales increased by 6% year-over-year, with U.S. Debit and Credit segment sales up 24%. The company's GAAP net loss improved to $2.1 million, and Adjusted EBITDA increased by 74%.