NASDAQ$PMTS

CPI Card Group Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Net sales and net income increased, driven by strong sales growth and improved margins.

CPI Card Group Inc. reported strong third quarter results with net sales increasing by 25% to $124.6 million and net income increasing by 80% to $11.9 million, driven by strong demand for payment solutions and solid execution.

  • Net sales increased 25% year-over-year to $124.6 million.
  • Net income increased 80% year-over-year to $11.9 million.
  • Debit and Credit segment net sales increased 31% to $99.5 million, driven by increased sales of higher-priced contactless cards.
  • Company increased 2022 outlook for net sales and Adjusted EBITDA.

Headline financials

Total Revenue

$125M

Previous: $99.6M+25.1%
EPS (adj)

$1.01

Previous: $0.56+80.4%
Gross Profit Margin

38.9%

Previous: 37.8%+2.9%
Capital Expenditures

-$14.4M

Previous: -$4.83M-199.2%
Free Cash Flow

-$2.53M

Previous: $1.8M-240.6%
Net Income

$11.9M

Previous: $6.63M+79.7%
Operating Income

$23.4M

Previous: $16.7M+40.4%
Gross Profit

$48.4M

Previous: $37.7M+28.5%
Cash & Equivalents

$21.5M

Previous: $20.9M+3.1%
Total Assets

$305M

Previous: $252M+20.9%
Stock-Based Comp

$966K

Previous: $116K+732.8%

Revenue & EPS history

CPI Card Group · Revenue · Quarterly

$125M

Q3 2022+25.1%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

CPI Card Group · $125M total across 2 segments · Q3 2022

  • Debit and Credit
    $99.5M+30.8%
  • Prepaid Debit
    $25.3M+7.8%

Forward guidance

The Company now expects full-year growth in the low 20 percent range for sales and high teens for Adjusted EBITDA. The full-year Adjusted EBITDA margin is still expected to be slightly below 20%.

Tailwinds

  • Strong sales growth expected in Debit and Credit segment.
  • Prepaid Debit segment sales expected to be similar to the record level in 2021.

Headwinds

  • Full-year Adjusted EBITDA margin is still expected to be slightly below 20%.

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 Q3 2022

Historical avgQ3 2022

-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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