CPI Card Group Inc., together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing banks. Its products include EMV and non-EMV financial payment cards and metal cards, as well as private label credit cards. This segment also provides on-demand services and various integrated card services, including card personalization and fulfillment, and instant issuance services. The Prepaid Debit segment primarily offers integrated card services comprising tamper-evident security packaging services to prepaid debit card providers. It also produces financial payment cards issued on the networks of the payment card brands. CPI Card Group Inc. serves issuers of debit and credit cards, Prepaid Debit Card program managers, community banks, credit unions, group service providers, and card transaction processors in the United States. The company was formerly known as CPI Holdings I, Inc. and changed its name to CPI Card Group Inc. in August 2015. CPI Card Group Inc. was founded in 2007 and is based in Littleton, Colorado.
IPO Year:
Exchange: NASDAQ
Website: cpicardgroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/23/2024 | $40.00 | Buy | ROTH MKM |
| 9/19/2023 | $31.00 | Buy | B. Riley Securities |
| 12/16/2021 | $26.00 | Buy | Lake Street |
The U.S. Supreme Court on Monday ruled that merchants may challenge debt-card swipe fees outside a six-year statute, sending a shock to the power of federal agencies. The justices voted 6-3 on their ruling, determining that a North Dakota convenience store and truck stop may sue over a 2011 rule on charges that banks imposed on merchants because the six-year statute to sue doesn’t apply to the store as it did not open until 2018, Bloomberg reported. The decision may boost the effect of a blockbuster ruling issued last week that overturned a 1984 precedent requiring judges to defer to an agency's reasonable interpretation of an unclear statute. Also Read: Visa and Mastercard Reach De
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company") today announced the commencement of a private offering by its wholly-owned subsidiary, CPI CG Inc. (the "issuer"), of $285 million aggregate principal amount of senior secured notes due 2029 (the "notes"). The offering is subject to market and other conditions, and there is no assurance that the offering will be completed or, if completed, the terms on which it will be completed. The issuer intends to use the net proceeds from the offering, together with cash on hand, to redeem all of the issuer's outstanding 8.625% senior secured notes due 2026 (the "2026 notes") and to pay related fees, premiums and expenses. The notes are expect
The Company affirmed its net sales and Adjusted EBITDA financial outlook for 2024, which was previously provided in March. The Company continues to expect slight increases in both net sales and Adjusted EBITDA for the full year, with declines in the first half of the year offset by growth in the second half. The Company has adjusted its Free Cash Flow outlook to be approximately half of the 2023 level, which compares to the previous outlook of $5 million to $10 million below prior year. The change compared to the prior outlook primarily reflects the near-term impact of the newly signed contract with one of the Company's larger customers, which should benefit cash flow through 2029, but nega
CPI Card (NASDAQ:PMTS) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $0.35 by 31.43 percent. This is a 49.45 percent decrease over earnings of $0.91 per share from the same period last year. The company reported quarterly sales of $111.936 million which beat the analyst consensus estimate of $103.633 million by 8.01 percent. This is a 7.38 percent decrease over sales of $120.852 million the same period last year.
Gainers Semilux International (NASDAQ:SELX) stock moved upwards by 45.5% to $2.46 during Monday's regular session. The market value of their outstanding shares is at $103.5 million. Kingsoft Cloud Hldgs (NASDAQ:KC) shares moved upwards by 34.2% to $3.61. The company's market cap stands at $844.3 million. NextNav (NASDAQ:NN) shares rose 28.02% to $4.98. The market value of their outstanding shares is at $548.5 million. GDS Holdings (NASDAQ:GDS) stock moved upwards by 21.76% to $7.8. The market value of their outstanding shares is at $1.4 billion. Peraso (NASDAQ:PRSO) shares rose 18.3% to $2.17. The market value of their outstanding shares is at $3.1 million. CPI Card (NASDAQ:PMTS) share
B. Riley Securities analyst Harold Goetsch maintains CPI Card (NASDAQ:PMTS) with a Buy and lowers the price target from $26 to $23.
CPI Card (NASDAQ:PMTS) reported quarterly earnings of $0.23 per share which missed the analyst consensus estimate of $0.32 by 28.13 percent. This is a 78.3 percent decrease over earnings of $1.06 per share from the same period last year. The company reported quarterly sales of $102.87 million which missed the analyst consensus estimate of $104.70 million by 1.75 percent. This is a 18.64 percent decrease over sales of $126.44 million the same period last year.
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CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payment technology company and leading provider of credit, debit and prepaid solutions, today announced John Lowe has been named its new President and Chief Executive Officer and appointed to the Company's Board of Directors, effective immediately. Lowe succeeds outgoing President and Chief Executive Officer Scott Scheirman, who had previously announced his intention to retire in early 2024. Lowe has been with CPI Card Group since 2018, most recently as Executive Vice President, End-to-End Payment Solutions since late 2022. In this role he was responsible for a significant majority of the Company's revenues and operations. He p
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payment technology company and leading provider of credit, debit and prepaid solutions, today announced that Ravi Mallela has been appointed to its Board of Directors as an independent member, effective November 15, 2023. Mallela currently serves as the Chief Financial Officer of NMI Holdings Inc. (NASDAQ:NMIH), a publicly-traded mortgage insurance company. Previously, Mr. Mallela served as Executive Vice President and Chief Financial Officer of First Hawaiian Group and First Hawaiian Bank from 2018 until 2022 and Senior Vice President, Head of Finance and Treasury of First Republic Bank from 2013 to 2018. He holds an MBA from
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payment technology company and leading provider of credit, debit and prepaid solutions, today announced that H. Sanford Riley has been appointed Independent Chair of its Board of Directors. Riley, President and CEO of Richardson Financial Group Limited, joined the CPI Board in May. He has served in his current role at Richardson, a specialized financial services company, since 2003 and was previously President and CEO and Chairman of Investor Group, Inc., Canada's largest mutual fund company. Riley is also a member of the board of directors of Molson Coors and RF Capital Group Inc., and previously served on the boards of Canadi
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payment technology company and leading provider of credit, debit and prepaid solutions, today announced that Scott Scheirman has informed the Board of Directors of his intention to retire as President and Chief Executive Officer. Scheirman will continue to serve as President and Chief Executive Officer until a successor is named and intends to retire from the Company effective February 28, 2024, providing ample time for the selection of a successor and a smooth transition of leadership. CPI's Board of Directors has a succession plan in place to identify and evaluate candidates and expects to name a new CEO in late 2023 or early
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company") a payment technology company and leading provider of credit, debit and prepaid solutions, today announced that Amintore Schenkel has joined the Company as Chief Financial Officer. Prior to leading his own consulting business, Schenkel served as Senior Vice President, Chief Accounting Officer and Controller of Western Union from 2006 to 2020. He also held a variety of financial roles at First Data Corporation from 2001 to 2006 and was with Ernst & Young for 12 years. He holds Bachelor of Science in Accounting and Master of Accountancy degrees from the University of Denver and is a Certified Public Accountant in the State of Colorado.
ROTH MKM initiated coverage of CPI Card Group with a rating of Buy and set a new price target of $40.00
B. Riley Securities initiated coverage of CPI Card Group with a rating of Buy and set a new price target of $31.00
Lake Street initiated coverage of CPI Card Group with a rating of Buy and set a new price target of $26.00
4 - CPI Card Group Inc. (0001641614) (Issuer)
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI Card Group"), a payments technology company and leading provider of credit, debit, and prepaid card solutions, fraud tools, and digital solutions, including Software-as-a-Service-based instant issuance, today announced it will host a webcast and conference call on Tuesday, November 5, 2024 at 9:00 a.m. Eastern Time (ET) to discuss its third quarter financial results. Participating on the call will be President and Chief Executive Officer John Lowe and Chief Financial Officer Jeff Hochstadt. CPI Card Group's financial results for the third quarter will be released before the market opens on November 5, 2024. The press release and a slide presentation
Net Sales Increased 3% to $119 Million; Net Income Decreased 8% to $6 Million; Adjusted EBITDA Decreased 6% to $22 Million Debit and Credit and Prepaid Debit Segments Each Deliver Growth; Card Sales Trends Continue to Improve Company Increases Full Year Net Sales Outlook to Mid-single Digit Growth CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payments technology company and leading provider of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service-based instant issuance, today reported financial results for the second quarter ended June 30, 2024 and updated its financial outlook for 2024. In the second quarter net sales increased 3% to
Company also announces it will participate in the KeyBanc Technology Leadership Forum on August 6, 2024 CPI Card Group Inc. (NASDAQ:PMTS) ("CPI Card Group"), a payments technology company and leading provider of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service-based instant issuance, today announced it will host a webcast and conference call on Monday August 5, 2024 at 4:30 p.m. Eastern Time (ET) to discuss its second quarter financial results. Participating on the call will be President and Chief Executive Officer John Lowe and Chief Financial Officer Jeff Hochstadt. The Company also announced that it will be participating in the KeyBanc Technology
Net Sales Decreased 7% to $112 Million; Net Income Decreased 50% to $5 Million; Adjusted EBITDA Decreased 8% to $23 Million Net Sales, Net Income, and Adjusted EBITDA Increased from Fourth Quarter Levels Company Continues to Anticipate Gradual Market Recovery in 2024; Affirms Full Year Net Sales and Adjusted EBITDA Outlook CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payments technology company and leading provider of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service-based instant issuance, today reported financial results for the first quarter ended March 31, 2024 and updated its financial outlook for 2024. As anticipated, first
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI Card Group"), a payments technology company and leading provider of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service-based instant issuance, today announced it will host a webcast and conference call on Tuesday, May 7, 2024 at 9:00 a.m. Eastern Time (ET) to discuss its first quarter financial results. Participating on the call will be President and Chief Executive Officer John Lowe and Chief Financial Officer Jeff Hochstadt. CPI Card Group's financial results for the first quarter will be released before the markets open on May 7, 2024. The press release and a slide presentation to accompany the earnings confere
Fourth Quarter Sales Affected by Cautious Customer Spending as Expected; Fourth Quarter Net Sales Decreased 19%; Net Income Decreased 78%; Adjusted EBITDA Decreased 27% Full Year Net Sales Decreased 7% to $445 Million; Net Income Decreased 34% to $24 Million; Adjusted EBITDA Decreased 8% to $89 Million Company Anticipates Gradual Market Recovery in 2024; Financial Outlook Projects Company to Return to Sales Growth for Full Year CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payments technology company and leading provider of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service-based instant issuance, today reported financial results for
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI Card Group"), a payment technologies company and leading provider of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service-based instant issuance, today announced it will host a webcast and conference call on Thursday March 7, 2024 at 9:00 a.m. Eastern Time (ET) to discuss its fourth quarter and full year 2023 financial results. Participating on the call will be President and Chief Executive Officer John Lowe and Chief Financial Officer Jeff Hochstadt. CPI Card Group's financial results for the fourth quarter will be released before the markets open on March 7, 2024. The press release and a slide presentation to acco
Third Quarter Net Sales Decreased 15% to $106 Million; Net Income Decreased 68% to $4 Million; Adjusted EBITDA Decreased 25% to $21 Million First Nine Months Net Sales Decreased 2%; Net Income Decreased 12%; Adjusted EBITDA Decreased 1% Company Updates 2023 Outlook; Announces $20 Million Share Repurchase Authorization CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the third quarter ended September 30, 2023 and updated its financial outlook for 2023. As anticipated, third quarter sales and earnings declined compared to prior year levels, with ne
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI Card Group"), a payment technologies company and leading provider of credit, debit and prepaid solutions, today announced it will host a webcast and conference call on Tuesday, November 7, 2023 at 9:00 a.m. Eastern Time (ET) to discuss its third quarter 2023 financial results. Participating on the call will be President and Chief Executive Officer Scott Scheirman, Chief Financial Officer Jeff Hochstadt, and EVP, End-to-End Payment Solutions, John Lowe. CPI Card Group's financial results for the third quarter will be released before the markets open on November 7, 2023. The press release and a slide presentation to accompany the earnings conference c
Second Quarter Net Sales Increased 1% to $115 Million; Net Income Increased 6% to $7 Million; Adjusted EBITDA Increased 18% to $23 Million First Half Net Sales Increased 5%; Net Income Increased 43%; Adjusted EBITDA Increased 15% Company Updates 2023 Outlook CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the second quarter ended June 30, 2023 and updated its financial outlook for 2023. Second quarter net sales increased 1% to $115 million, as strong growth from the Prepaid Debit segment was largely offset by a slight decline in the Debit and Cr
Net Sales Increased 18% to $125 Million and Full Year Sales Outlook Increased Growth Across Portfolio, Led by Strong Sales of Debit and Credit Cards Net Income Decreased 66% to $1 Million, Impacted by Debt Refinancing Costs; Adjusted EBITDA Increased 18% to $25 Million Full Year Adjusted EBITDA and Free Cash Flow Outlooks Increased CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payments technology company providing a comprehensive range of payment card and digital solutions, including Software-as-a-Service-based instant issuance, today reported financial results for the third quarter ended September 30, 2024 and updated its financial outlook for 2024. Third quarter net s
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI Card Group"), a payments technology company and leading provider of credit, debit, and prepaid card solutions, fraud tools, and digital solutions, including Software-as-a-Service-based instant issuance, today announced it will host a webcast and conference call on Tuesday, November 5, 2024 at 9:00 a.m. Eastern Time (ET) to discuss its third quarter financial results. Participating on the call will be President and Chief Executive Officer John Lowe and Chief Financial Officer Jeff Hochstadt. CPI Card Group's financial results for the third quarter will be released before the market opens on November 5, 2024. The press release and a slide presentation
Incorporating advanced chips will expand payment card design options and reduce environmental impacts CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or "the Company"), a payments technology company providing a comprehensive range of credit, debit, and prepaid card solutions, fraud tools, and digital solutions including Software-as-a-Service-based instant issuance, is ready to produce the latest advancement in pay technology with a new contactless card build featuring Infineon's SECORA Pay Green. CPI began manufacturing sample cards in September and is ready with inventory in-house to work with issuers on pilots of this innovative technology. Launched today, this All-in-One technology with an in
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payments technology company and leading provider of credit, debit and prepaid card and digital solutions, including Software-as-a-Service (SaaS) based instant issuance, today announced the pricing of a registered underwritten secondary public offering of 1,200,000 shares of the Company's common stock to be sold by certain stockholders affiliated with Parallel49 Equity (the "selling stockholders"), at a public offering price of $21.00 per share. The underwriters were also granted a 30-day option to purchase up to an additional 180,000 shares of common stock from the selling stockholders at the public offering price, less the under
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payments technology company and leading provider of credit, debit and prepaid card and digital solutions, including Software-as-a-Service (SaaS) based instant issuance, today announced that certain stockholders affiliated with Parallel49 Equity (the "selling stockholders") have commenced an underwritten secondary public offering of 1,000,000 shares of the Company's common stock. In addition, the selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 150,000 shares of common stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the of
Rippleshot's AI-based platform helps financial institutions proactively prevent payment card fraud CPI Card Group Inc. (NASDAQ:PMTS), a payment technology company providing a range of credit, debit and prepaid solutions, complementary digital solutions, and Software-as-a-Service (SaaS) instant issuance, is excited to announce a strategic relationship with Rippleshot to provide its fraud prevention services to CPI customers. An award-winning fraud prevention platform, Rippleshot leverages artificial intelligence (AI), machine learning (ML) automation and predictive analytics to detect and prevent credit and debit card fraud. With the addition of Rippleshot, CPI customers can more effective
CYPRIS™ structural color ink sets new eco-friendly standard in card printing CPI Card Group Inc. (NASDAQ:PMTS), a payment technology company providing a range of credit, debit and prepaid solutions, complementary digital solutions, and Software-as-a-Service (SaaS) instant issuance, and Cypris Materials Inc., a structural color technology company, have been recognized in the 2024 Business Intelligence Group (BIG) Sustainability Awards. CPI received the group's Sustainability Initiative of the Year Award for its use of CYPRIS structural color ink, a bio-inspired ink solution. This ink captures the vibrant colors designed by Mother Nature, previously unavailable to the printing industry. U
Net Sales Increased 3% to $119 Million; Net Income Decreased 8% to $6 Million; Adjusted EBITDA Decreased 6% to $22 Million Debit and Credit and Prepaid Debit Segments Each Deliver Growth; Card Sales Trends Continue to Improve Company Increases Full Year Net Sales Outlook to Mid-single Digit Growth CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payments technology company and leading provider of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service-based instant issuance, today reported financial results for the second quarter ended June 30, 2024 and updated its financial outlook for 2024. In the second quarter net sales increased 3% to
Company also announces it will participate in the KeyBanc Technology Leadership Forum on August 6, 2024 CPI Card Group Inc. (NASDAQ:PMTS) ("CPI Card Group"), a payments technology company and leading provider of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service-based instant issuance, today announced it will host a webcast and conference call on Monday August 5, 2024 at 4:30 p.m. Eastern Time (ET) to discuss its second quarter financial results. Participating on the call will be President and Chief Executive Officer John Lowe and Chief Financial Officer Jeff Hochstadt. The Company also announced that it will be participating in the KeyBanc Technology
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company") today announced the closing of the previously announced private offering by its wholly-owned subsidiary, CPI CG Inc. (the "issuer"), of $285 million aggregate principal amount of its 10.000% senior secured notes due 2029 (the "notes") and related guarantees. Concurrently with the issuance of the notes, the Company entered into a $75 million secured asset based revolving credit facility (the "ABL revolver"), which replaced its existing $75 million facility. The issuer used the net proceeds from the notes offering, together with cash on hand, to redeem all of the issuer's outstanding 8.625% senior secured notes due 2026 (the "2026 n
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