CPI Card Group(PMTS) - 2023 Q4 - Annual Results
CPI Card Group(PMTS)2024-03-07 20:00
Exhibit 99.1 CPI Card Group Inc. Reports Fourth Quarter and Full Year 2023 Results Date: March 7, 2024 Fourth Quarter Sales Affected by Cautious Customer Spending as Expected; Fourth Quarter Net Sales Decreased 19%; Net Income Decreased 78%; Adjusted EBITDA Decreased 27% Full Year Net Sales Decreased 7% to $445 Million; Net Income Decreased 34% to $24 Million; Adjusted EBITDA Decreased 8% to $89 Million Company Anticipates Gradual Market Recovery in 2024; Financial Outlook Projects Company to Return to Sale ...