earnings
confidence high
sentiment positive
materiality 0.80
CPI Card Group Q2 net sales $93.2M (+31% YoY), net income $6.2M (+387%), Adj. EBITDA $19.3M (+91%)
CPI Card Group Inc.
2021-Q2 EPS reported
$0.74
revenue$182,311,000
- Debit & Credit segment net sales $72.9M (+25% YoY); Prepaid Debit $20.4M (+51% YoY).
- Gross margin improved to 39.8% from 32.3% on operating leverage; income from operations $15.8M (+218%).
- First half 2021 net sales $182.3M (+25%); net income $8.6M ($0.74 diluted EPS) vs $3.0M.
- Debt reduced by over $30M since Dec 2020; net leverage ratio under 4x; $50M ABL available.
- Added new FinTech and traditional customers; contactless and eco-focused card demand drove growth.