Scott Scheirman

CPI Card Group Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Data Management, Technology, Professional Services, Payments, Digital Cash Management, Digital Assets, Apps, Applications, Networks, Internet, Fintech, Mobile, Wireless, Finance, Adjustment, Loss, Tax, Public expenditure, Debit and Credit, EBITDA, Telephone, Visa, Share repurchase, GAAP, Scott Scheirman, PMTS, Software, CPI, Senior, Nature, LTM, Growth, Credit, Borrowing base, Depreciation, ABL, Payment card, Pharmaceutical industry, Video game, Financial services, Cryptocurrency, Online shopping, Bookkeeping, Bank, Music

CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the third quarter ended September 30, 2023 and updated its financial outlook for 2023.

Key Points: 
  • CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the third quarter ended September 30, 2023 and updated its financial outlook for 2023.
  • The Company believes long-term growth trends for the U.S. card market remain strong, led by consumer card growth, widespread adoption of eco-focused cards and the ongoing conversion to contactless cards.
  • Net sales decreased 15% year-over-year to $105.9 million in the third quarter of 2023.
  • “We are managing operating expenses tightly as we deal with the softer customer demand in 2023,” said Jeff Hochstadt, Chief Financial Officer of CPI.

CPI Card Group Inc. Reports Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 8, 2023
Banking, Payments, Professional Services, Technology, Fintech, Borrowing base, Loss, Senior, CPI, Telephone, Tax, Software, GAAP, Scott Scheirman, LTM, EMV, Visa, Public expenditure, Debit and Credit, EBITDA, Retirement, Nature, ABL, Depreciation, Growth, Adjustment, Debits and credits, Credit, PMTS, Payment card, Bank, Online shopping, Financial services, Mobile phone, Film industry, Bookkeeping

CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the second quarter ended June 30, 2023 and updated its financial outlook for 2023.

Key Points: 
  • CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the second quarter ended June 30, 2023 and updated its financial outlook for 2023.
  • Net sales increased 1% year-over-year to $115 million in the second quarter of 2023.
  • Second quarter gross profit increased 1% to $40.8 million and gross profit margin was 35.5%, which compared to 35.8% in the prior year second quarter.
  • CPI Card Group Inc. will hold a conference call on August 8, 2023 at 9:00 a.m. Eastern Time (ET) to review its second quarter results.

CPI Card Group Announces President and CEO Scott Scheirman Intends to Retire in 2024 Board to Implement CEO Succession Plan

Retrieved on: 
Monday, June 5, 2023
Payments, Data Management, Technology, Software, Networks, Internet, Software as a service, CPI, Scott Scheirman, Retirement, Growth, Family, PMTS, Management

CPI’s Board of Directors has a succession plan in place to identify and evaluate candidates and expects to name a new CEO in late 2023 or early 2024.

Key Points: 
  • CPI’s Board of Directors has a succession plan in place to identify and evaluate candidates and expects to name a new CEO in late 2023 or early 2024.
  • In retirement, Scheirman plans to spend more time with his family and return to volunteer work with community organizations focused on helping kids.
  • Scheirman, 60, joined CPI’s Board in October 2016 and was named President and CEO in October 2017.
  • I am fully committed to working closely with our Board, my colleagues and my eventual successor to help ensure a smooth leadership transition.”

CPI Card Group Inc. Reports First Quarter 2023 Results

Retrieved on: 
Tuesday, May 9, 2023
Apps, Applications, Technology, Mobile, Wireless, Payments, Finance, Fintech, Banking, Professional Services, Software, Borrowing base, Prepayment, IBM, University, Senior, CPI, Hochstadt, Telephone, Partner, Senior advisor, Tax, Western Union, Business, Master, GAAP, MSCI, Scott Scheirman, SOX, Washington University in St. Louis, LTM, Master of Business Administration, Public expenditure, Visa, Wharton School of the University of Pennsylvania, Business administration, Debit and Credit, EBITDA, Nature, PwC, Widener University Commonwealth Law School, Growth, ABL, Depreciation, First Data, Free cash flow, Adjustment, Debits and credits, Credit, PMTS, Son, Payment card, Video game, Mobile phone, Financial services, Security (finance), Bank, Management, Bookkeeping, Science

CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the first quarter ended March 31, 2023 and affirmed its financial outlook for 2023.

Key Points: 
  • CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the first quarter ended March 31, 2023 and affirmed its financial outlook for 2023.
  • CPI is a top payment solutions provider in the U.S. serving thousands of banks, credit unions and fintechs.
  • “The first quarter results demonstrate continued progress for CPI, including strong cash flow improvement from our focus on working capital management,” said Amintore Schenkel, Chief Financial Officer of CPI.
  • “We are excited to have Jeff join the CPI team,” said Scott Scheirman, President and Chief Executive Officer of CPI.

InvenTrust Appoints Mike Phillips to Senior Vice President and Chief Accounting Officer

Retrieved on: 
Monday, March 30, 2020
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Chief financial officer, Certified Public Accountant, Business, Charles Noski, Scott Scheirman, Mike Phillips, CPA, InvenTrust Properties Corp.

InvenTrust Properties Corp. (InvenTrust or the Company) today announced that Mike Phillips, CPA, has been appointed Senior Vice President and Chief Accounting Officer, effective April 10, 2020.

Key Points: 
  • InvenTrust Properties Corp. (InvenTrust or the Company) today announced that Mike Phillips, CPA, has been appointed Senior Vice President and Chief Accounting Officer, effective April 10, 2020.
  • View the full release here: https://www.businesswire.com/news/home/20200330005729/en/
    InvenTrust Appoints Mike Phillips to Senior Vice President and Chief Accounting Officer (Photo: Business Wire)
    We are pleased to announce the promotion of Mike to the InvenTrust leadership team, said Daniel J. Busch, Executive Vice President and CFO of InvenTrust.
  • Mike brings an in-depth knowledge of the business after more than a decade of service with the Company.
  • He has been with InvenTrust from 2009, serving in various senior financial and accounting roles such as Senior Accounting Manager for Financial Reporting and Director for Internal Reporting.