{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-002664","form_type":"8-K","ticker":"PMTS","cik":"0001641614","company_name":"CPI Card Group Inc.","filed_at":"2024-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.948136+00:00","generated_at":"2026-06-05T01:35:21.328010+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CPI Card Group Q4 net sales down 19% YoY, net income down 78%; FY2024 outlook slight growth","bullets":["Q4 net sales $102.9M (-19% YoY); net income $2.7M (-78%); adjusted EBITDA $19.9M (-27%).","Full year net sales $444.5M (-7%); net income $24.0M (-34%); adjusted EBITDA $89.5M (-8%).","FY2024 outlook: slight increases in net sales and Adjusted EBITDA; Q1 sales expected similar to Q4 2023.","Year-end net leverage 3.1x; $268M of 8.625% Senior Secured Notes due 2026; $20M buyback auth., >$4M executed.","Debit & Credit segment net sales down 22%; Prepaid Debit down 5% in Q4; exec retention charge $3M."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-002664","json":"https://secwatch.observer/filing/0001558370-24-002664.json","markdown":"https://secwatch.observer/filing/0001558370-24-002664.md","text":"https://secwatch.observer/filing/0001558370-24-002664.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1641614/000155837024002664/0001558370-24-002664-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1641614/000155837024002664/pmts-20240307x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T01:35:21.328010+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":"39c63f470a9a310dc8b37463e2af6de5693401ca","claim":"CPI Card Group Inc. reported fourth quarter and full year ended December 31, 2023 results: revenue $102.9 million, net income $2.7 million, EPS $0.23 diluted earnings per share. Guidance initiated.","evidence_excerpt":"were similar to third quarter levels as customers generally remained cautious with spending and continued their focus on managing inventory levels. Net sales decreased 19% to $102.9 million in the quarter; net income decreased 78% to $2.7 million, reflecting the impact of the sales decline and an executive retention accrual; and Adjusted EBITDA decreased 27% to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1641614/000155837024002664/0001558370-24-002664-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year ended December 31, 2023"},{"label":"Revenue","value":"$102.9 million"},{"label":"Net income","value":"$2.7 million"},{"label":"EPS","value":"$0.23 diluted earnings per share"},{"label":"Guidance","value":"initiated"},{"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"}