CPI Card Group ( (PMTS) ) just unveiled an announcement.
CPI Card Group Inc. reported strong financial results for the fourth quarter and full year of 2024, with a 22% increase in fourth-quarter net sales to $125 million and a 148% rise in net income to $7 million. The company experienced significant growth in its prepaid debit segment, which saw a 26% increase in net sales, and expanded its market presence with new digital solutions. Looking ahead to 2025, CPI projects mid-to-high single-digit growth in net sales and Adjusted EBITDA, driven by its Debit and Credit segment and investments in digital solutions. The company also completed several key capital actions in 2024, including debt refinancing and stock repurchases, to enhance shareholder value.
More about CPI Card Group
CPI Card Group Inc. is a payments technology company that provides a comprehensive range of payment cards and related digital solutions. The company focuses on eco-focused payment card solutions, Software-as-a-Service-based instant issuance solutions, and expanding its digital offerings in the U.S. market.
YTD Price Performance: 5.22%
Average Trading Volume: 31,423
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $373.4M
See more data about PMTS stock on TipRanks’ Stock Analysis page.