{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-006901","form_type":"8-K","ticker":"PMTS","cik":"0001641614","company_name":"CPI Card Group Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.385314+00:00","generated_at":"2026-06-02T18:47:31.375342+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 Q1: net sales -7% to $111.9M, net income -50% to $5.5M, adj EBITDA -8% to $23M","bullets":["Net sales $111.9M (-7% YoY); Debit & Credit down 14% to $88M, Prepaid up 26% to $24.2M.","Net income $5.5M (-50% YoY) includes ~$2M CEO transition expenses; gross margin improved to 37.1% from 35.7%.","Adjusted EBITDA $23M (-8% YoY); Free Cash Flow $7.4M vs $3.9M prior year.","Full-year 2024 net sales and Adjusted EBITDA outlook affirmed (slight increase); Free Cash Flow outlook reduced.","Net Leverage Ratio 3.1x; $1.25M open-market repurchases in Q1, $4.4M from majority shareholder in April."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-006901","json":"https://secwatch.observer/filing/0001558370-24-006901.json","markdown":"https://secwatch.observer/filing/0001558370-24-006901.md","text":"https://secwatch.observer/filing/0001558370-24-006901.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1641614/000155837024006901/0001558370-24-006901-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1641614/000155837024006901/pmts-20240507x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T18:47:31.375342+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":"37b63069b274a42092849056372a1b946b68d241","claim":"CPI Card Group Inc. reported first quarter ended March 31, 2024 results: revenue $111.9 million, net income $5.5 million, EPS $0.46 diluted earnings per share.","evidence_excerpt":"Release is attached hereto as Exhibit 99.1. ​ --- EX-99.1 (EX-99.1) --- CPI Card Group Inc. Reports First Quarter 2024 Results ​ Date: May 7, 2024 ​ Net Sales Decreased 7% to $112 Million; Net Income Decreased 50% to $5 Million; Adjusted EBITDA Decreased 8% to $23 Million Net Sales, Net Income, and Adjusted EBITDA Increased from Fourth Quarter Levels Company","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1641614/000155837024006901/0001558370-24-006901-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$111.9 million"},{"label":"Net income","value":"$5.5 million"},{"label":"EPS","value":"$0.46 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"}