CPI Card Group Inc
For the period ended Dec 31, 2024. Filed Mar 4, 2025.
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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.
FY2024 · Filed Mar 4, 2025
PMTS$24.52+5.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income
(in thousands, except share and per share amounts)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended December 31, | ||||||
| | 2024 | 2023 | ||||
| Net sales: | | | | | | |
| Products | $250,008 | | $249,354 | |||
| Services | | | 230,593 | | 195,193 | |
| Total net sales | | | 480,601 | | 444,547 | |
| Cost of sales: | | | | | | |
| Products (exclusive of depreciation and amortization shown below) | | | 166,036 | | 161,374 | |
| Services (exclusive of depreciation and amortization shown below) | | | 131,952 | | 117,397 | |
| Depreciation and amortization | | | 11,394 | | 10,287 | |
| Total cost of sales | | | 309,382 | | 289,058 | |
| Gross profit | | | 171,219 | | 155,489 | |
| Operating expenses: | | | | | | |
| Selling, general and administrative (exclusive of depreciation and amortization shown below) | | | 103,401 | | 88,255 | |
| Depreciation and amortization | | | 5,026 | | | 5,644 |
| Total operating expenses | | | 108,427 | | 93,899 | |
| Income from operations | | | 62,792 | | 61,590 | |
| Other expense, net: | | | | | | |
| Interest, net | | | (34,087) | | (26,913) | |
| Loss on debt extinguishment | | | (2,987) | | | (243) |
| Other (expense) income, net | | | (691) | | 28 | |
| Total other expense, net | | | (37,765) | | (27,128) | |
| Income before income taxes | | | 25,027 | | 34,462 | |
| Income tax expense | | | (5,506) | | (10,477) | |
| Net income | $19,521 | | $23,985 | |||
| | | | | | | |
| Basic and diluted earnings per share: | | | | | | |
| Basic earnings per share | | $1.75 | | $2.10 | ||
| Diluted earnings per share | | $1.64 | | $2.01 | ||
| | | | | | | |
| Basic weighted-average shares outstanding | | | 11,152,648 | | | 11,426,124 |
| Diluted weighted-average shares outstanding | | | 11,878,076 | | | 11,917,556 |
| | | | | | | |
| Comprehensive income: | | | | | | |
| Net income | | $19,521 | | $23,985 | ||
| Total comprehensive income | | $19,521 | | $23,985 | ||
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