---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-016127"
form_type: "8-K"
ticker: "PMTS"
cik: "0001641614"
company_name: "CPI Card Group Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:17:51.803416+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CPI Card Group Q3 net sales up 25% to $124.6M; raises 2022 outlook

## Summary
- Net income up 80% to $11.9M ($1.01 diluted EPS); Adjusted EBITDA up 32% to $28.3M.
- Debit & Credit segment net sales up 31% to $99.5M; Prepaid Debit up 8% to $25.3M.
- Full-year 2022 outlook raised: net sales growth now low 20% (prev. high teens); Adj. EBITDA growth high teens (prev. low double-digit).
- Gross margin improved to 38.9% vs 37.8% a year ago; operating leverage from higher sales offset inflation.
- Net leverage ratio 3.6x; redeemed $20M of 8.625% notes in Q1; ABL facility increased to $75M.

## SEC filing metadata
- accession: 0001558370-22-016127
- form_type: 8-K
- ticker: PMTS
- cik: 0001641614
- company_name: CPI Card Group Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641614/000155837022016127/0001558370-22-016127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641614/000155837022016127/pmts-20221103x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-016127
- JSON: https://secwatch.observer/filing/0001558370-22-016127.json
- Plain text: https://secwatch.observer/filing/0001558370-22-016127.txt

## Key facts
- Earnings Releases
  CPI Card Group Inc. reported fiscal quarter ended September 30, 2022 results: revenue $124.6 million, net income $11.9 million, EPS $1.01 diluted earnings per share. Guidance raised.
  - Period: fiscal quarter ended September 30, 2022
  - Revenue: $124.6 million
  - Net income: $11.9 million
  - EPS: $1.01 diluted earnings per share
  - Guidance: raised
  - Result: reported results
  source text: is attached hereto as Exhibit 99.1. ​ --- EX-99.1 (EX-99.1) --- CPI Card Group Inc. Reports Third Quarter 2022 Results Date: November 3, 2022 ​ Net Sales Increased 25% to $125 Million; Net Income Increased 80% to $12 Million; Adjusted EBITDA Increased 32% to $28 Million Strong Sales Growth Across Portfolio and Improved Margins Drove Third Quarter Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641614/000155837022016127/0001558370-22-016127-index.htm

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