secwatch.observer — SEC 8-K summary
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Issuer:     CPI Card Group Inc. (PMTS)
CIK:        0001641614
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0001558370-22-012507
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 Q2 sales up 22% to record $113M; raises full-year outlook
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- Net sales $113.3M (+22% YoY); net income $6.2M (-1%); Adj. EBITDA $19.7M (+2%).
- Debit & Credit segment sales +29% to $94.2M; Prepaid Debit -6% to $19.2M.
- Raised 2022 outlook: now expects high teens net sales growth, low double-digit Adj. EBITDA growth.
- Sold nearly 80M eco-focused cards since late 2019; ~14,000 Card@Once installations.
- Net leverage ratio 4x; reduced senior secured notes by $20M; increased ABL facility to $75M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641614/000155837022012507/0001558370-22-012507-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641614/000155837022012507/pmts-20220808x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-012507

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