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. (symbol: PMTS) is a leading payment technology company that specializes in providing comprehensive financial payment card solutions and services. With a strong focus on quality and customer service, CPI Card Group has built a solid reputation in the market. The company offers a wide range of products including credit, debit, and prepaid cards, catering to the needs of card-issuing banks and prepaid debit card program managers in the United States.
CPI Card Group operates through two main business segments:
- Debit and Credit: This segment produces financial payment cards and provides integrated card services, making it a significant revenue contributor.
- Prepaid Debit: This segment offers integrated card services to prepaid debit card program managers in the United States.
With over 20 years of experience in the payments market, CPI Card Group continues to grow, achieving a card production volume exceeding 1.3 billion annually. The company serves its customers from nine locations across the United States, Canada, and the United Kingdom, boasting the largest network of certified high-security facilities in North America.
CPI Card Group is committed to innovation, offering cutting-edge mobile technologies and fulfillment services. Recent achievements include advancements in card personalization and the expansion of its high-security facilities to meet increasing demand.
For investors and stakeholders looking for the latest updates and relevant information about the company's performance, events, and developments, CPI Card Group remains a trusted and reliable entity in the financial payment card industry.
CPI Card Group Inc. (Nasdaq: PMTS) reported strong third-quarter financial results, with net sales increasing 20% year-over-year to $99.6 million and net income rising 14% to $6.6 million. Adjusted EBITDA jumped 23% to $21.5 million. The growth was driven by the success of contactless card solutions and new customer acquisitions, alongside ongoing demand for prepaid debit products. Despite challenges from labor shortages and supply chain issues, the company continues to focus on enhancing its offerings and improving operating efficiencies.
CPI Card Group Inc. (NASDAQ: PMTS), a leader in payment technology, will host a webcast and conference call on November 5, 2021, at 9:00 a.m. ET to discuss its third-quarter financial results. The results will be released before market opening on the same day. The call will feature President and CEO Scott Scheirman and CFO Amintore Schenkel. Participants can join via a toll-free U.S. dial-in or online. A replay will be available until November 19, 2021. For more details, visit CPI's investor website.
CPI Card Group Inc. (PMTS) has appointed Amintore Schenkel as Chief Financial Officer. Schenkel, with extensive experience at Western Union and First Data Corporation, aims to bolster CPI's financial leadership. Former CFO John Lowe has been promoted to SVP and General Manager of the Secure Card business. CEO Scott Scheirman expressed confidence in the new leadership team, citing past achievements in enhancing sales and profitability. This management change is positioned to support CPI's continued growth in the payment solutions sector.
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.
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