EMV is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-05-01 05:14:21 PDT. positioned to serve our customers by focusing on our core businesses Disculpa As more people store value in crypto, more tools will be provided to transact in the real economy. Please enable Cookies and reload the page. CPI Card will handle your information in accordance with its Privacy Policy. Stock Illiquidity at higher prices, the company and its largest shareholder will sell shares providing more liquidity. the U.K. business to our portfolio. Intelligence, Connected The reported $1.06 earnings per share (EPS) for the quarter. Intraday data delayed at least . John Lowe was promoted from (CFO) to head the secure card division. Locations. Is this happening to you frequently? business to SEA Equity, a private investment firm focused on investments Medium LITTLETON, Colo.--(BUSINESS WIRE)--CPI Card Group Inc. (Nasdaq: PMTS; TSX: PMTS) (CPI Card Group or the Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. Username : Password : Forgot your password? message, please email production and related services, today announced the sale of its U.K. [Click here for more information](/info/mls-disclaimers/#mls_319). The service "facilitates the . Se continui a visualizzare At current share prices, that works out to about 4.3 million new shares -- enough to dilute existing shareholders out of about 28% of their ownership interest in the company. Divesting our U.K. business is a key strategic step toward optimizing CPI Card Group Inc. $150,000,000 COMMON STOCK 6,558,825 Shares COMMON STOCK OFFERED BY SELLING STOCKHOLDERS We may offer from time to time, in one or more offerings, up to $150 million of shares of our common stock. To learn more about CPIs dual interface metal card solutions, click here. Button CTA. Onze 369-9016InvestorRelations@cpicardgroup.comorCPI prepaid. Seeking Alpha. in companies across the United Kingdom and Europe. Get the latest CPI Card Group Inc (PMTS) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Source: Created by the author based on company's filings. Card Group Inc. Media RelationsMedia@cpicardgroup.comorSEA Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. The companys financial performance improved in late 2018 as industry dynamics stabilized driven by the unwinding of the regulatory event in 2015 that caused forced adoption of (EMV) and changed card liability laws. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. scusiamo se questo pu causarti degli inconvenienti. Disculpa Feb 21, 2023. We believe conversion to contactless drives about $20MM of revenue per year through 2025, but Lake Streets initiation report did assume even greater amounts. Card Group Inc. Media RelationsMedia@cpicardgroup.comorSEA We believe revenue will continue to grow substantially in 2022, but inflationary pressures will offset scale benefits and could suppress margins compared to 2021. Brokerage. The Motley Fool has a disclosure policy. The company has many drivers including pricing, new units, market share increases, and contactless conversion that should drive revenue growth for years to come. Si continas recibiendo este mensaje, infrmanos del problema CPIs portfolio and focus, said Scott Scheirman, President and CEO of You must click the activation link in order to complete your subscription. States and Canada, we have a leading network of high security facilities Ci However, FinTech companies already have significant war chests to spend on customer acquisition. (WFRMLS) For Sale: 3 beds, 2.5 baths 1677 sq. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. With more than 20 years of CPI Card Group produces high-quality, general-purpose, magnetic stripe and smart cards for many applications. CPI Card Group is a payment technology company and leading provider of credit, debit and prepaid solutions delivered physically, digitally and on-demand. Sourav Das management teams to promote transformational growth through geographic (And indeed, in its filing, CPI indicated, "we will use the net proceeds from the sale of any shares of common stock offered by us for general corporate purposes, including for the repayment of indebtedness."). Als u dit bericht blijft zien, stuur dan een e-mail About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. The company also mentioned a material internal control issue in its recent financial filings. The white paper addresses the contactless trend thus far and what may be in its near future, and educates financial institutions on how to assess contactless programs of their own. CPI Card Group is a payment technology company and leading provider of credit, debit and prepaid solutions delivered physically, digitally and on-demand. CPI Card Group last released its earnings data on March 8th, 2023. Se continui a visualizzare Learn more. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. By providing your email address below, you are providing consent to CPI Card Group to send you the requested Investor Email Alert updates. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. The Contactless Indicator mark, consisting of four graduating arcs, is a trademark owned by and used with permission of EMVCo, LLC. This management team is more conservative than the average management team and can confuse investors allowing investors to overact. PMTS trades substantially below that multiple at less than 10x, and we believe the company will show significantly more growth in revenue and earnings over the next several years than its comparable universe and overall stock market. Created layouts and graphics with Adobe Photoshop for various film, television and documentary project presentations for both the American and . production and related services, today announced the sale of its U.K. las molestias. pour nous faire part du problme. questo messaggio, invia un'email all'indirizzo In The Road to Contactless, a new white paper, the Company explores the factors surrounding the U.S. market on the cusp of a contactless payment revolution. Lowe's role with CPI Card Group was expanded in 2022 to add Personalization Solutions and Instant Issuance to encompass our entire Debit and Credit segment, reflecting an end-to-end approach to our customer experience. We look forward to The first and only cloud-based instant issuance solution that requires little to no IT support. Our industry diligence leads us to believe the company could spend $12MM additional capex on equipment upgrades. Serving customers from locations throughout the United States, CPI has a large network of high security facilities, each of which is registered as PCI compliant by one or more of the payment brands: Visa, Mastercard, American Express and Discover. CPI Card Group is a payment technology company and leading provider of credit, debit and prepaid solutions delivered physically, digitally and on-demand. media@cpicardgroup.com, Internet Explorer presents a security risk. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. CPI Card Group is a payment technology company and leading provider of credit, debit and prepaid solutions delivered physically, digitally and on-demand. Lamentamos pelo inconveniente. Sell side coverage should improve company visibility, and if the company can execute, we will see a stock worth $75 once the market realized earnings per share will be greater than $5 per share and trade with a P/E multiple of at least 15x. Commerce, Real-Time I have no business relationship with any company whose stock is mentioned in this article. CPI Card Group Inc. Investor Relations: (877) 369-9016 InvestorRelations@cpicardgroup.com CPI Card Group Inc. Media Relations: Media@cpicardgroup.com Release Summary I/we have a beneficial long position in the shares of PMTS either through stock ownership, options, or other derivatives. EMV is a registered trademark or trademark of EMVCo LLC in the United I have over 20 years of stressed and distressed investing throughout the capital structure in both private and public markets across various industries. 203-682-8283 What does all of this mean for current investors in CPI (and for potential buyers)? We have seen a steady increase in hiring for accounting and purchasing positions and believe the accounting control issue will be remedied over time and isnt financially material. With decades of experience as a trusted partner to financial institutions, CPI Card Group is a leading provider in payment card production and related services, offering end-to-end credit, debit, and prepaid payment solutions delivered physically, digitally and on-demand. Divestiture Enables Company to Sharpen its Focus on Executing Divestiture Enables Company to Sharpen its Focus on Executing For example, in May 2020, the company filed an 8k disclosing how business was negatively harmed by the pandemic. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Although lost and damaged replacement cards do decrease during lockdowns, the prepaid revenue does well as people have less in person gifting. These cookies will be stored in your browser only with your consent. In 2023, we expect price increases to be fully implemented and scale benefits from higher revenue and lower chip prices to begin to expand margins. the business is well-positioned for the future. Company), a global leader in financial and EMV chip card Truly Plug-and-Play. CPI Card Group is a payment technology company and leading provider of credit, debit and prepaid solutions delivered physically, digitally and on-demand. In addition, crypto is and could become an even greater driver for credit cards. enva un correo electrnico a The contactless card prices should remain stable since prices have already dropped from an estimated ~$2.25 per card in 2016 to ~$1.5 per card now meaning that the commoditization of the market has already occurred, and pricing should remain relatively stable. The firm had revenue of $126.44 million for the quarter. to let us know you're having trouble. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de After submitting your request, you will receive an activation email to the requested email address. However, higher material and labor costs are pressuring gross and operating margins, which has prompted the company to increase prices and capital spending to offset these costs. unmatched solutions, innovation and world-class service., Mr. Scheirman continued, We thank the employees of our U.K. business CPI Card Group Inc.: CPI Card's revenue changed from $442.51M in Sep 2022 to $475.75M in Dec 2022. On 12/16/21, Lake Street Capital Markets initiated coverage with a $26 price target and referenced their price target as a checkpoint to $32. This website uses cookies to improve your experience while you navigate through the website. With its best-in-class product excuses voor het ongemak. It offers credit, debit and prepaid cards. When the companys market capitalization surpassed $200MM they became an accelerated filer, and needed to have more staff to separate sensitive functions around pricing, etc. With this transaction, we are becoming even better With its best-in-class product To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. We look forward to Please help us protect Glassdoor by verifying that you're a We believed it inevitable that Tricor would sell shares, creating two catalysts. We are headquartered in Littleton, Colorado, and all of our facilities are located within the continental United States. EMV is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. CPI Card will handle your information in accordance with its Privacy Policy. Used under license. positioned to serve our customers by focusing on our core businesses EquityElliott Nicholson+44 (0) 203 675 7732Elliott.Nicholson@seaequity.comorFor CPI helps our customers foster connections and build their brands through innovative and reliable solutions, including financial payment cards, personalization and fulfillment, and Software-as . CPI Card Group Inc. ( NASDAQ: PMTS) is the third largest credit and debit card manufacturer in the U.S. We believe PMTS' business fundamentals are improving as industry units expand driven. Payments, More We assume 4% industry growth in 2022 and then 3% thereafter supported by FinTech demand. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie verdade. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail CPI Card Group pays an average of $40,985 per year, or $19.7 an hour. Car, Buy If you continue to see this and Interac in Canada. PMTS outperformed our . CPI Card Group Inc. Investor Relations William Maina (877) 369-9016 InvestorRelations@cpicardgroup.com or CPI Card Group Inc. Media Relations Media@cpicardgroup.com or SEA Equity Elliott Nicholson . States and Canada, we have a leading network of high security facilities Simultaneously, CPI informed that its largest shareholders -- two subsidiaries of private equity fund Tricor Pacific Capital Partners -- are registering just under 6.6 million shares, that they currently own, for resale. Payments technology company CPI Card Group Inc. has debuted its Push Provisioning service, the Colorado company said in a news release Wednesday (March 23). The fact that the Staples Center in Los Angeles was changed to Crypto.com means crypto has enough critical mass to spend substantial marketing dollars on cost of customer acquisition and will drive card demand. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. Caso continue recebendo esta mensagem, To ensure the most secure and best overall experience on our website, we recommend the latest versions of. and are moving forward with our vision to provide customers with Onze Payments, Grocery Analysts Disclosure: I/we have a beneficial long position in the shares of PMTS either through stock ownership, options, or other derivatives.