NASDAQ$PMTS
CPI Card Group Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
CPI Card Group's first quarter results in 2024 were reported, showing a mix of challenges and improvements.
CPI Card Group reported a 7% decrease in net sales to $111.9 million, a 50% decrease in net income to $5.5 million, and an 8% decrease in Adjusted EBITDA to $23.0 million compared to the prior year first quarter. These results reflect cautious customer spending in the Debit and Credit segment, offset by strong growth in the Prepaid segment. The company anticipates a market recovery in the second half of the year and has affirmed its full-year net sales and Adjusted EBITDA outlook.
- Net sales decreased by 7% year-over-year, totaling $111.9 million.
- Net income decreased by 50% year-over-year, amounting to $5.5 million, primarily due to CEO transition-related expenses.
- Adjusted EBITDA decreased by 8% year-over-year, reaching $23.0 million.
- Prepaid Debit segment net sales increased by 26%, while Debit and Credit segment net sales decreased by 14%.
Headline financials
Revenue & EPS history
CPI Card Group · Revenue · Quarterly
$112M
Revenue by segment
CPI Card Group · $106M total across 2 segments · Q3 2023
- Debit and Credit$83.8M-15.8%79.0%
- Prepaid Debit$22.3M-12.0%21.0%
Forward guidance
The Company affirmed its net sales and Adjusted EBITDA financial outlook for 2024. The Company continues to expect slight increases in both net sales and Adjusted EBITDA for the full year, with declines in the first half of the year offset by growth in the second half.
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 2024
-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
| Quarter | Report date | Reaction (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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