CPI Card Group Inc. - PMTS STOCK NEWS

CPI Card Group Inc. (PMTS) has partnered with Share One, Inc. to integrate its Card@Once® solution with Share One's NewSolutions core processing system. This integration allows credit unions to issue EMV contact and contactless payment cards instantly, enhancing member convenience. Through this SaaS-based printing solution, credit unions can streamline card issuance without extensive investments in infrastructure. Key executives highlight the commitment to providing customizable solutions that strengthen member relationships.

CPI Card Group Inc. (Nasdaq: PMTS), a leader in payment technology, announced its participation in the D.A. Davidson FinTech and Payments Spotlight Conference on December 8, 2022, in New York. John Lowe, SVP and General Manager, and Mike Salop, Head of Investor Relations, will host investor meetings during this event. CPI specializes in credit, debit, and prepaid solutions, leveraging over 20 years of industry experience and a robust network of PCI compliant facilities across the United States.

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.