---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-007219"
form_type: "8-K"
ticker: "PMTS"
cik: "0001641614"
company_name: "CPI Card Group Inc."
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-25T23:46:19.849295+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CPI Card Group Q1 sales up 25% to $111.4M, net income up 149%; raises 2022 outlook

## Summary
- Net sales $111.4M (+25% YoY); net income $6.0M (+149%), diluted EPS $0.51.
- Debit & Credit segment sales +32% to $92M; Prepaid Debit flat at $19.5M.
- Adjusted EBITDA $22.5M (+2%); gross margin 35.3% vs 40.1% last year.
- Raises 2022 outlook: low double-digit sales growth, mid-to-high single-digit Adj. EBITDA growth.
- Redeemed $20M of 8.625% senior secured notes; Net Leverage Ratio ~4x.

## SEC filing metadata
- accession: 0001558370-22-007219
- form_type: 8-K
- ticker: PMTS
- cik: 0001641614
- company_name: CPI Card Group Inc.
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641614/000155837022007219/0001558370-22-007219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641614/000155837022007219/pmts-20220505x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-007219
- JSON: https://secwatch.observer/filing/0001558370-22-007219.json
- Plain text: https://secwatch.observer/filing/0001558370-22-007219.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.