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CPI Card Group (PMTS)

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Earnings summaries and quarterly performance for CPI Card Group.

Recent press releases and 8-K filings for PMTS.

CPI Card Group Inc. Announces Investments by Tricor Pacific Capital and Chairman, Establishes Director Nomination Agreement
PMTS
New Projects/Investments
Board Change
  • Tricor Pacific Capital Inc. (Tricor Family Office) and H. Sanford (Sandy) Riley, Chairman of CPI's Board, acquired 1.9 million and 0.2 million shares of CPI common stock, respectively, from Parallel49 Equity, ULC on December 4, 2025.
  • Following these transactions, Parallel49's ownership in CPI common stock was reduced from approximately 42% to 24% of shares outstanding, while the Tricor Family Office's direct ownership increased to 2.2 million shares, or nearly 20% of shares outstanding.
  • In connection with the share transfer, CPI Card Group Inc. entered into a Director Nomination Agreement with the Tricor Family Office, granting them the right to nominate directors to the Board as long as they beneficially own 10% or more of the outstanding common stock.
Dec 5, 2025, 9:34 PM
CPI Card Group Reports Q3 2025 Results and Updates Full-Year Outlook
PMTS
Earnings
Guidance Update
New Projects/Investments
  • CPI Card Group reported an 11% increase in net sales for Q3 2025, primarily driven by the addition of AOI and growth in its instant issuance business, while adjusted EBITDA decreased 7% to $23.4 million due to unfavorable sales mix and $1.6 million in tariff expenses.
  • The company updated its full-year 2025 outlook, now projecting low double-digit to low teens net sales growth and flat to low single-digit adjusted EBITDA growth, reflecting continued margin impacts from sales mix trends and anticipated shifts in prepaid order timing.
  • Strategic initiatives include the full operational status of the new Indiana production facility and a $10 million equity investment for a 20% stake in Carta, an Australian prepaid technology firm, aimed at introducing chip-enabled prepaid card technology to the U.S. market.
  • CPI Card Group expects full-year tariff expenses to be between $4 million and $5 million and has increased its chip inventory in anticipation of potential semiconductor tariffs.
Nov 4, 2025, 2:00 PM
CPI Card Group Reports Q3 2025 Results, Updates 2025 Outlook, and Announces Strategic Investment
PMTS
Earnings
Guidance Update
New Projects/Investments
  • CPI Card Group reported Q3 2025 net sales increased 11% and Adjusted EBITDA decreased 7% to $23.4 million, with margins declining from 20.1% to 17.0%.
  • The company updated its 2025 outlook, now expecting low double-digit to low teens net sales growth and flat to low single-digit adjusted EBITDA growth, reflecting sales mix impacts and prepaid order timing.
  • Strategic initiatives include the full operation of the new Indiana facility and a strategic relationship with Carta, an Australia-based prepaid technology firm, involving a $10 million equity investment for 20% of the company to bring chip-enabled technology to the U.S. prepaid market.
  • The instant issuance business delivered strong growth and is on track for a record year, while the company incurred $1.6 million in tariff expenses in Q3, with full-year tariffs expected to be $4 million-$5 million.
Nov 4, 2025, 2:00 PM
PMTS Reports Q3 2025 Results and Updates Full-Year Outlook
PMTS
Earnings
Guidance Update
M&A
  • PMTS reported Q3 2025 Net Sales of $138.0 million, an 11% increase year-over-year, and Diluted EPS of $0.19, a 79% increase.
  • The company updated its full-year 2025 outlook, now projecting low double-digit to low teens growth for Net Sales and flat to low single-digit growth for Adjusted EBITDA.
  • The Net Leverage Ratio increased to 3.6x as of September 30, 2025, from 3.0x at December 31, 2024, primarily due to the Arroweye acquisition.
  • For the nine months ended September 30, 2025, Net Income decreased by 40% to $7.6 million, and Diluted EPS fell to $0.64.
Nov 4, 2025, 2:00 PM
CPI Card Group Inc. Reports Q3 2025 Results and Updates 2025 Outlook
PMTS
Earnings
Guidance Update
M&A
  • CPI Card Group Inc. reported Q3 2025 net sales of $138.0 million, an 11% increase year-over-year, driven by the addition of Arroweye and instant issuance solutions. Net income increased 78% to $2.3 million, while Adjusted EBITDA decreased 7% to $23.4 million due to lower gross margins and tariff expenses.
  • The company updated its 2025 full-year outlook, refining net sales growth to low double-digit to low teens (previously low double-digit to mid-teens) and adjusting Adjusted EBITDA growth to flat to low single-digit (previously mid-to-high single-digit). This change is attributed to projected sales mix impacts and order timing.
  • In 2025, CPI acquired Arroweye Solutions for $45.8 million on May 6 and a 20% equity interest in Karta for $10.0 million on October 7. The company also retired $20 million of its 10% Senior Notes in July 2025.
Nov 4, 2025, 12:00 PM