secwatch.observer — SEC 8-K summary
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Issuer:     CPI Card Group Inc. (PMTS)
CIK:        0001641614
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001558370-22-003009
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPI Card Group: FY2021 net sales +20% to $375.1M; Q4 Adj EBITDA -23%; sees mid-single-digit growth in 2022
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- Full year net sales $375.1M (+20% YoY), net income $15.9M (-1%), EPS $1.36; Adj EBITDA $76.4M (+33%).
- Q4 net sales $93.2M (+11%), net income $0.7M (-91%), Adj EBITDA $13.6M (-23%) due to labor cost increases and higher SG&A.
- Debit & Credit segment net sales $296.2M (+18% FY); Prepaid Debit $79.2M (+25% FY).
- Company expects mid-single-digit net sales and Adjusted EBITDA growth in 2022; margin similar to FY2021.
- Announces $20M paydown of 8.625% senior secured notes due 2026 at 103% of par.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641614/000155837022003009/0001558370-22-003009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641614/000155837022003009/pmts-20220308x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-003009

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