NASDAQ$PMTS

CPI Card Group Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

CPI Card Group's Q1 2020 results were released, showing an increase in net sales and significant improvement in net income and adjusted EBITDA compared to the same period last year.

CPI Card Group Inc. reported strong first-quarter results with an 11% year-over-year increase in net sales to $74.0 million. Net income from continuing operations improved by 179% to $2.4 million, and Adjusted EBITDA increased by 55% to $12.4 million. The company saw strong demand for its differentiated products and solutions, such as dual-interface EMV® products, which drove top-line growth and leveraged the business model for significant bottom-line performance improvement.

  • Net sales increased by 11% year-over-year, reaching $74.0 million.
  • Gross profit increased by 19% year-over-year, with gross margins rising to 34.8%.
  • Net income from continuing operations improved by 179% to $2.4 million, or $0.22 per share.
  • Adjusted EBITDA improved by 55% year-over-year to $12.4 million.

Headline financials

Total Revenue

$74M

Previous: $66.9M+10.6%
EPS (adj)

$0.22

Previous: -$0.28+178.6%
Adjusted EBITDA Margin

16.7%

Previous: 11.9%+40.3%
Gross Profit Margin

34.8%

Previous: 32.2%+8.1%
Capital Expenditures

-$938K

Previous: -$2.15M+56.3%
Free Cash Flow

$1.48M

Previous: -$5.2M+128.4%
Net Income

$2.42M

Previous: -$3.06M+179.1%
Operating Income

$7.68M

Previous: $3.57M+115.2%
Gross Profit

$25.7M

Previous: $21.5M+19.5%
Cash & Equivalents

$46.9M

Previous: $7.88M+495.1%
Total Assets

$237M

Previous: $206M+15.5%
Stock-Based Comp

$41K

Previous: $147K-72.1%

Revenue & EPS history

CPI Card Group · Revenue · Quarterly

$74M

Q1 2020+10.6%vs Q1 2019
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

CPI Card Group · $74.4M total across 2 segments · Q1 2020

  • Debit and Credit
    $59.8M+22.3%
  • Prepaid Debit
    $14.5M-13.2%

Forward guidance

Given the rapidly evolving nature of the COVID-19 pandemic and its economic impacts, it is challenging to predict the potential impact this pandemic will have, and therefore, the Company is withdrawing its market outlook issued on March 9, 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-2.1%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+9.6%

Avg return

30 days after

47%

21 / 45 earnings

Positive

+41.3%

Q4 2025

Best reaction

-48.9%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.5%-8.8%+3.7%
Q4 2025+41.3%+26.6%+23.4%
Q3 2025-20.3%-21.3%-18.5%
Q1 2025+4.5%-14.1%-4.0%
Q4 2024-6.7%-11.6%-16.8%
Q3 2024+18.9%+23.8%+45.3%
Q2 2024-10.8%-1.8%+1.2%
Q1 2024+16.1%+19.9%+52.3%
Q4 2023-18.8%+2.4%+0.8%
Q3 2023-15.4%-14.0%+8.8%
Q2 2023-3.8%-4.2%-15.0%
Q1 2023-34.1%-34.9%-43.0%
Q4 2022+20.7%+9.0%+28.5%
Q3 2022+21.8%+17.6%+11.6%
Q2 2022+7.0%+10.8%+4.3%
Q1 2022+31.8%+37.4%+54.3%
Q4 2021-5.7%-0.6%+17.2%
Q3 2021-28.0%-19.4%-34.6%
Q2 2021+0.3%+20.6%+76.0%
Q1 2021+1.7%+3.4%+7.2%
Q4 2020+40.1%+28.5%+102.3%
Q3 2020+38.9%+54.1%+45.6%
Q2 2020-23.6%-28.8%-43.0%
Q1 2020+29.2%+30.9%+192.4%
Q4 2019-1.9%+10.1%-19.0%
Q3 2019-1.9%-8.0%-40.1%
Q2 2019-3.7%-3.3%+21.7%
Q1 2019+6.3%+6.9%+15.1%
Q4 2018-1.9%-3.7%-12.7%
Q3 2018-5.0%-5.0%-3.0%
Q2 2018+18.0%+14.7%+61.6%
Q1 2018-11.8%-2.8%+10.2%
Q4 2017+1.6%+0.3%-19.8%
Q3 2017-8.0%-15.6%-25.9%
Q2 2017-42.9%-60.7%-65.7%
Q1 2017-25.0%-22.9%-40.0%
Q4 2016+4.4%+0.0%-6.7%
Q3 2016-21.3%-19.1%-25.5%
Q2 2016+3.6%+8.8%+25.0%
Q1 2015-47.4%
Q1 2016-48.9%
Q2 2015+2.7%
Q4 2015+1.4%
Q3 2014+0.2%
Q3 2015-11.3%
Q4 2014
Q2 2014
Q1 2014

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