secwatch.observer — SEC 8-K summary
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Issuer:     CPI Card Group Inc. (PMTS)
CIK:        0001641614
Form:       8-K
Filed at:   2021-08-12T23:59:59+00:00
Accession:  0001558370-21-011388
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPI Card Group Q2 net sales $93.2M (+31% YoY), net income $6.2M (+387%), Adj. EBITDA $19.3M (+91%)
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641614/000155837021011388/0001558370-21-011388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641614/000155837021011388/pmts-20210812x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-011388

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer