CPI Card Group, Inc. (PMTS) Tops Q2 EPS by 25c

CPI Card Group, Inc. (NASDAQ: PMTS) reported Q2 EPS of $0.14, $0.25 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $66.9 million versus the consensus estimate of $68.49 million.

• Second Quarter Net Sales Up 9% Year Over Year, Up 15% in First Half
• Continuing Operations - GAAP Net Income Improves to $1.6 Million in Second Quarter, Improves 76% to $1.5 Million Net Loss in First Half
• Adjusted EBITDA of $8.5 Million in Second Quarter, Up 28% Year Over Year to $16.5 Million in First Half
• Cash of $17.5 Million, Available Revolver of $20.0 million, Available Liquidity of $37.5 Million at Quarter End

“Our customer-centric strategy continues to yield positive top-line momentum, as reflected in the 15% year-over-year net sales growth we have delivered so far this year,” said Scott Scheirman, President and Chief Executive Officer of CPI. “During the first half, our U.S. Debit and Credit segment increased net sales 24% on greater volume and product diversification, and our Prepaid Debit segment grew net sales 6% on top of a particularly strong first half in 2018. We’ve executed solidly towards our goal of being the partner of choice for our customers by providing market-leading quality products and customer service with a market-competitive business model.”

For earnings history and earnings-related data on CPI Card Group, Inc. (PMTS) click here.

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