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Stock impact report

CPI Card Group Inc. Reports First Quarter 2024 Results

CPI Card Group Inc. (PMTS) 
Last cpi card group inc. earnings: 11/6 08:15 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cpicardgroup.com
Company Research Source: Business Wire
Net Sales Decreased 7% to $112 Million; Net Income Decreased 50% to $5 Million; Adjusted EBITDA Decreased 8% to $23 MillionNet Sales, Net Income, and Adjusted EBITDA Increased from Fourth Quarter LevelsCompany Continues to Anticipate Gradual Market Recovery in 2024; Affirms Full Year Net Sales and Adjusted EBITDA Outlook LITTLETON, Colo.--(BUSINESS WIRE)--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 quarter Debit and Credit segment sales were impacted by cautious customer spending as customers continued their focus on managing inventory levels, while Prepaid segment sales posted strong growth. Compared to the prior year first quarter, net sales decreased 7% to $111. Show less Read more
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