---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-003079"
form_type: "8-K"
ticker: "PMTS"
cik: "0001641614"
company_name: "CPI Card Group Inc."
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:31:49.430238+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CPI Card Group Q4 net sales +36% to $126.4M; FY22 record; CFO resigns; 2023 guidance mid-single digit growth

## Summary
- Q4 net sales $126.4M (+36% YoY); net income $12.5M (+1,754%); Adj EBITDA $27.2M (+100%).
- Full year net sales $475.7M (+27%, record); net income $36.5M (+129%); Adj EBITDA $97.7M (+28%).
- 2023 outlook: mid-single digit net sales growth, mid-to-high single digit Adj EBITDA growth, Free Cash Flow to more than double.
- CFO Amintore Schenkel resigning for family reasons; will stay to assist transition; search for replacement underway.
- Repurchased $25M of 8.625% Senior Secured Notes in 2022, $5M more in Q1 2023; year-end net leverage 3.0x.

## SEC filing metadata
- accession: 0001558370-23-003079
- form_type: 8-K
- ticker: PMTS
- cik: 0001641614
- company_name: CPI Card Group Inc.
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641614/000155837023003079/0001558370-23-003079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641614/000155837023003079/pmts-20230308x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-003079
- JSON: https://secwatch.observer/filing/0001558370-23-003079.json
- Plain text: https://secwatch.observer/filing/0001558370-23-003079.txt

## Key facts
- Earnings Releases
  CPI Card Group Inc. updated its fourth quarter and full year ended December 31, 2022 guidance (initiated).
  - Period: fourth quarter and full year ended December 31, 2022
  - Guidance: initiated
  - Result: reported results
  source text: On March 8, 2023, CPI Card Group Inc. (the “Company”) issued a press release announcing financial results for its fiscal quarter ended December 31, 2022 (the “Earnings Release”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641614/000155837023003079/0001558370-23-003079-index.htm
- Executive change
  Amintore Schenkel departed as Chief Financial Officer at CPI Card Group Inc..
  - Action: resigning
  - Role: Chief Financial Officer
  source text: On March 7, 2023, Amintore Schenkel informed the Company that he will be resigning from his position as Chief Financial Officer of the Company due to family-related reasons.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641614/000155837023003079/0001558370-23-003079-index.htm

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