{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-013732","form_type":"8-K","ticker":"PMTS","cik":"0001641614","company_name":"CPI Card Group Inc.","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.653617+00:00","generated_at":"2026-06-12T02:09:37.294753+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"CPI Card Group Q2 net income +6% to $6.5M; lowers sales growth outlook on soft demand","bullets":["Q2 net sales $115M (+1% YoY); net income $6.5M (+6%); Adjusted EBITDA $23.3M (+18%).","Debit & Credit segment net sales -1% to $93.2M; Prepaid Debit +14% to $21.8M.","Lowered FY2023 net sales outlook to flat/low-single-digit growth from mid-single-digit; affirmed Adj. EBITDA growth mid-to-high single digit.","Expects Q3 sales and EBITDA to decline, with return to growth in Q4.","Retired $15M of 8.625% Senior Secured Notes in H1; net leverage ratio improved to 2.8x."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-013732","json":"https://secwatch.observer/filing/0001558370-23-013732.json","markdown":"https://secwatch.observer/filing/0001558370-23-013732.md","text":"https://secwatch.observer/filing/0001558370-23-013732.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1641614/000155837023013732/0001558370-23-013732-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1641614/000155837023013732/pmts-20230808x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T02:09:37.294753+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":"46cb6b7736eb9c46f893c49f978296e9013639aa","claim":"CPI Card Group Inc. reported First half 2023 results: revenue $235.8 million, net income $17.4 million, EPS $1.46 diluted earnings per share.","evidence_excerpt":"a higher effective tax rate compared to prior year, partially offset by lower interest expense. ​ First Half 2023 Financial Highlights Net sales increased 5% year-over-year to $235.8 million in the first half of 2023. ● Debit and Credit segment net sales increased 5% to $195.2 million, driven by higher sales of contactless cards, services related to personalization","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1641614/000155837023013732/0001558370-23-013732-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"First half 2023"},{"label":"Revenue","value":"$235.8 million"},{"label":"Net income","value":"$17.4 million"},{"label":"EPS","value":"$1.46 diluted earnings per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9a5e6c9d2994de28037fcdc2f126867d1371b3bb","claim":"CPI Card Group Inc. updated its Full year 2023 guidance (lowered).","evidence_excerpt":"The Company updated its full-year net sales outlook for 2023 to a range of flat to low single-digit growth and affirmed its outlook for mid-to-high single-digit Adjusted EBITDA growth, as well as its projections for Free Cash Flow to more than double and the year-end Net Leverage Ratio to improve to between 2.5x and 3.0x. The previous outlook for net sales was mid-single digit growth.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1641614/000155837023013732/0001558370-23-013732-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full year 2023"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"f0563354a56fe01ff3de645d37d613b51474dc40","claim":"CPI Card Group Inc. reported Second quarter ended June 30, 2023 results: revenue $115 million, net income $6.5 million, EPS $0.55 diluted earnings per share.","evidence_excerpt":"Second quarter net sales increased 1% to $115 million, as strong growth from the Prepaid Debit segment was largely offset by a slight decline in the Debit and Credit segment.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1641614/000155837023013732/0001558370-23-013732-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Second quarter ended June 30, 2023"},{"label":"Revenue","value":"$115 million"},{"label":"Net income","value":"$6.5 million"},{"label":"EPS","value":"$0.55 diluted earnings per share"},{"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"}