CPI Card Group Q1 2020 Earnings Report
Key Takeaways
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.
Net sales increased by 11% year-over-year, reaching $74.0 million.
Gross profit increased by 19% year-over-year, with gross margins rising to 34.8%.
Net income from continuing operations improved by 179% to $2.4 million, or $0.22 per share.
Adjusted EBITDA improved by 55% year-over-year to $12.4 million.
CPI Card Group
CPI Card Group
CPI Card Group Revenue by Segment
Forward Guidance
Given the rapidly evolving nature of the COVID-19 pandemic and its economic impacts, it is challenging to predict the potential impact this pandemic will have, and therefore, the Company is withdrawing its market outlook issued on March 9, 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income