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CPI Card Group ( (PMTS) ) just unveiled an announcement.
CPI Card Group Inc. reported an 18% increase in third quarter 2024 net sales to $124.8 million, driven by robust debit and credit card sales, despite a 66% drop in net income due to debt refinancing costs. Adjusted EBITDA rose by 18% to $25.1 million, with significant growth in contactless and eco-focused cards. The company revised its 2024 financial outlook upward, reflecting confidence in its market strategies and strong U.S. card market trends.
Learn more about PMTS stock on TipRanks’ Stock Analysis page.