CPI Card Q1 net sales up 8% to $120.9M; net income up 81% to $10.9M; appoints new CFO; affirms 2023 outlook

CPI Card Group Inc.

2023-Q1 EPS reported $0.91 revenue$120,852,000

Net sales $120.9M (+8% YoY); net income $10.9M ($0.91 diluted EPS) up 81%.
Adjusted EBITDA $25.1M (+11%); gross margin 35.7% vs 35.3%; cash flow from ops improved to $8M.
Debit & Credit segment net sales $102M (+11%); Prepaid Debit $19.1M (-2%).
Jeffrey Hochstadt appointed CFO effective May 15; replaces Amintore Schenkel (family reasons).
Affirms FY23 outlook: mid-single digit net sales growth, mid-to-high single digit Adj EBITDA growth; expects softer Q2 due to banking turmoil.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CPI Card Group Inc. reported first quarter ended March 31, 2023 results: revenue $120.9 million, net income $10.9 million, EPS $0.91 diluted earnings per share. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $120.9 million
Net income: $10.9 million
EPS: $0.91 diluted earnings per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

CPI Card Group Inc. Reports First Quarter 2023 Results Date: May 9, 2023 Net Sales Increased 8% to $121 Million; Net Income Increased 81% to $11 Million; Adjusted EBITDA Increased 11% to $25 Million

View on SEC.gov

Browse all earnings releases →

CPI Card Group Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-008650

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.