FORT WAYNE, Ind.--(BUSINESS WIRE)--CPI Card Group Inc. (NASDAQ: PMTS) (“CPI” or “the Company”), a payments technology company providing a range of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service (SaaS) instant issuance, today announced the construction of a new manufacturing facility in Fort Wayne, Indiana that will double the size for this location. This ...
LITTLETON, Colo.--(BUSINESS WIRE)--CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or “the Company”), a payments technology company providing a range of credit, debit, and prepaid card and digital solutions, including Software-as-a-Service (SaaS) instant issuance, today announced a referral relationship with MEA Financial Enterprises LLC (“MEA”), a national leader in the provision of innovative softw...
CPI Card Group reported Q4 results with weakness in financials due to customers' inventory management and cautious spending, in line with expectations when excluding a severance package. The company's 2024 outlook implies a recovery into growth in H2/2024 as short-term challenges start to subside. The stock had a significant sell-off, which was unjustified in my opinion. With the undervaluation...
CPI Card Group Inc. (NASDAQ:PMTS ) Q4 2023 Earnings Conference Call March 7, 2024 9:00 AM ET Company Participants Mike Salop - Head, IR John Lowe - President and CEO Jeff Hochstadt - CFO Conference Call Participants Jaeson Schmidt - Lake Street Capital Markets Operator Welcome to CPI Card Group's Fourth Quarter 2023 Earnings Call. My name is Audra, and I will be your operator today.
CPI Card Group, a credit and debit card producer, has experienced impressive growth since the company's weak revenues in 2017, with revenues increasing at a CAGR of 13.7% since. The company reported weak revenues in Q3 2023 due to lower card volumes and customers' high inventory levels, with the challenges expected to continue into 2024. Despite short-term challenges, CPI Card Group seems to be...
CPI Card Group Inc. (NASDAQ:PMTS ) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants Mike Salop - Head, IR Scott Scheirman - President and CEO John Lowe - EVP, End-to-End Payment Solutions Jeff Hochstadt - CFO Conference Call Participants Jaeson Schmidt - Lake Street Hal Goetsch - B. Riley Securities Operator Welcome to CPI Card Group's Third Quarter 2023 Earning...
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