Strong First Half Sales Performance
Secure Card business delivered volume and sales growth greater than 15%. Card@Once grew more than 20% in the first half and expanded to more than 17,000 locations. The market-leading open loop prepaid business sales increased 17%.
Successful Arroweye Acquisition
Arroweye exceeded expectations with nearly $10 million of revenue contribution in less than 2 months and better-than-expected profitability.
Expansion into New Markets
Investments in Card@Once for government disbursement space and preparation for U.S. closed-loop market deliveries in the fourth quarter.
Revenue Growth and Guidance Increase
Reported net sales increased 9% in Q2 to $129.8 million, or 15% excluding the impact of an accounting change.
Positive Outlook for 2025
Increased sales outlook for the year, including contributions from Arroweye, while maintaining adjusted EBITDA outlook despite increased tariff impact.