CPI Card Group, Inc. (PMTS) Misses Q3 EPS by 58c

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Go back to CPI Card Group, Inc. (PMTS) Misses Q3 EPS by 58c

CPI Card Group Inc. Reports Third Quarter 2023 Results

November 7, 2023 7:00 AM EST

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

LITTLETON, Colo.--(BUSINESS WIRE)-- 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... More