---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-010854"
form_type: "8-K"
ticker: "PMTS"
cik: "0001641614"
company_name: "CPI Card Group Inc."
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:08:16.594067+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CPI Card Group Q2 net sales up 3% to $119M; raises FY net sales outlook to mid-single digit growth

## Summary
- Q2 net sales $118.8M (+3% YoY), net income $6.0M (-8%), adj. EBITDA $21.9M (-6%).
- Debit/Credit segment net sales up 3% to $95.6M; Prepaid Debit up 9% to $23.8M.
- Issued $285M 10% Senior Secured Notes due 2029, new $75M ABL facility; redeemed $268M of 8.625% notes due 2026.
- Raised FY 2024 net sales outlook to mid-single digit growth; maintained adj. EBITDA outlook of slight increase.
- Repurchased ~$9M shares through June under $20M authorization; net leverage ratio 3.3x at Q2 end.

## SEC filing metadata
- accession: 0001558370-24-010854
- form_type: 8-K
- ticker: PMTS
- cik: 0001641614
- company_name: CPI Card Group Inc.
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641614/000155837024010854/0001558370-24-010854-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641614/000155837024010854/pmts-20240805x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-010854
- JSON: https://secwatch.observer/filing/0001558370-24-010854.json
- Plain text: https://secwatch.observer/filing/0001558370-24-010854.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.