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Sep 30, 2020
CPI Card Group Q3 2020 Earnings Report
Achieved substantial revenue and net income growth through strategic focus and market adaptation.
Key Takeaways
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.
Net sales increased by 15% year-over-year to $82.7 million.
Net income surged by 984% year-over-year to $5.8 million.
Adjusted EBITDA rose by 43% year-over-year to $17.5 million.
Gross profit margins expanded due to higher net sales and operating leverage in the Debit and Credit segment.
CPI Card Group
CPI Card Group
CPI Card Group Revenue by Segment
Revenue by Segment
Debit & Credit Revenue
CapyFin.comPrepaid Debit Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the transcript.
Revenue & Expenses
Visualization of income flow from segment revenue to net income