{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-008650","form_type":"8-K","ticker":"PMTS","cik":"0001641614","company_name":"CPI Card Group Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.793790+00:00","generated_at":"2026-06-15T09:17:33.512689+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CPI Card Q1 net sales up 8% to $120.9M; net income up 81% to $10.9M; appoints new CFO; affirms 2023 outlook","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-008650","json":"https://secwatch.observer/filing/0001558370-23-008650.json","markdown":"https://secwatch.observer/filing/0001558370-23-008650.md","text":"https://secwatch.observer/filing/0001558370-23-008650.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1641614/000155837023008650/0001558370-23-008650-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1641614/000155837023008650/pmts-20230509x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:17:33.512689+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f2c1e645483e4c4c0deaeb42dee68153e0358e62","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1641614/000155837023008650/0001558370-23-008650-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$120.9 million"},{"label":"Net income","value":"$10.9 million"},{"label":"EPS","value":"$0.91 diluted earnings per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}