CPI Card Group Inc

For the period ended Dec 31, 2023. Filed Mar 7, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 7, 2024

PMTS$24.52+5.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Income

(in thousands, except share and per share amounts)


· · Year Ended December 31,
	2023		2022
Net sales:
Products		$249,354		$281,190
Services		195,193		194,555
Total net sales		444,547		475,745
Cost of sales:
Products (exclusive of depreciation and amortization shown below)		161,374		171,017
Services (exclusive of depreciation and amortization shown below)		117,397		119,930
Depreciation and amortization		10,287		9,031
Total cost of sales		289,058		299,978
Gross profit		155,489		175,767
Operating expenses:
Selling, general and administrative (exclusive of depreciation and amortization shown below)		88,255		90,782
Depreciation and amortization		5,644		5,855
Total operating expenses		93,899		96,637
Income from operations		61,590		79,130
Other expense, net:
Interest, net		(26,913)		(29,616)
Other expense, net		(215)		(367)
Total other expense, net		(27,128)		(29,983)
Income before income taxes		34,462		49,147
Income tax expense		(10,477)		(12,607)
Net income		$23,985		$36,540

Basic and diluted earnings per share:
Basic earnings per share		$2.10		$3.24
Diluted earnings per share		$2.01		$3.11

Basic weighted-average shares outstanding		11,426,124		11,291,202
Diluted weighted-average shares outstanding		11,917,556		11,749,105

Comprehensive income:
Net income		$23,985		$36,540
Total comprehensive income		$23,985		$36,540

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.