secwatch.observer — SEC 8-K summary
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Issuer:     CPI Card Group Inc. (PMTS)
CIK:        0001641614
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001558370-22-007219
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641614/000155837022007219/0001558370-22-007219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641614/000155837022007219/pmts-20220505x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-007219

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