NASDAQ$PMTS
CPI Card Group Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
CPI Card Group reported results for the fourth quarter and full year 2021, with net sales increasing 11% to $93.2 million and full year net sales increasing 20% to $375.1 million.
CPI Card Group Inc. reported an 11% increase in fourth-quarter net sales, reaching $93.2 million. However, net income decreased by 91% to $0.7 million, and Adjusted EBITDA decreased by 23% to $13.6 million due to increased costs and income tax benefits in the prior year. The company anticipates mid-single-digit net sales and Adjusted EBITDA growth for 2022.
- Fourth Quarter Net Sales Increased 11% to $93.2 Million.
- Net income decreased 91% to $0.7 million primarily due to income tax benefits in prior year and increased interest expense.
- Adjusted EBITDA decreased 23% to $13.6 Million due to Impact of Previously Noted Cost Increases
- Company Expects Mid-Single Digit Net Sales and Adjusted EBITDA Growth in 2022.
Headline financials
Revenue & EPS history
CPI Card Group · Revenue · Quarterly
$93.2M
Revenue by segment
CPI Card Group · $93.3M total across 2 segments · Q4 2021
- Debit and Credit$77.4M+11.3%83.0%
- Prepaid Debit$15.9M+6.4%17.0%
Forward guidance
CPI currently projects mid-single digit net sales and Adjusted EBITDA growth in 2022.
Tailwinds
- Strong growth expected in Debit and Credit segment
- Debit and Credit segment represented 79% of net sales in 2021.
- Company expects its full-year 2022 Adjusted EBITDA margin to be similar to the 2021 full-year margin.
- Improvement from the fourth quarter 2021 Adjusted EBITDA margin is expected due to the implementation of business initiatives
- Pricing initiatives, operating leverage from increased sales, and reduced levels of certain expenses incurred in the fourth quarter are expected to improve Adjusted EBITDA margin.
Headwinds
- Anticipated declines in its Prepaid Debit segment due to comparisons with a record year in 2021.
- Prepaid Debit net sales increased 25% in 2021, aided by a large new portfolio addition and COVID-19-related customer inventory replenishment.
- gross profit margin decrease in Q4 was primarily due to increased labor costs
- net income decline was primarily due to income tax benefits in the prior year quarter and increased interest expense
- Operating income, net income, and Adjusted EBITDA benefited from higher net sales, but were negatively impacted by increased labor costs and higher SG&A expenses, including costs related to Sarbanes-Oxley compliance.
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 Q4 2021
-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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