PMTS

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 Announces Appointment of Ravi Mallela to its Board of Directors

Retrieved on: 
Tuesday, November 7, 2023
Software, Technology, Payments, Treasury, UCLA Anderson School of Management, MBA, PMTS, CPI, Economics, Senior, First Republic Bank, University, Management, First Hawaiian Bank, Mallela Theertham

CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit and prepaid solutions, today announced that Ravi Mallela has been appointed to its Board of Directors as an independent member, effective November 15, 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 announced that Ravi Mallela has been appointed to its Board of Directors as an independent member, effective November 15, 2023.
  • Mallela currently serves as the Chief Financial Officer of NMI Holdings Inc. (Nasdaq: NMIH), a publicly-traded mortgage insurance company.
  • “We are very pleased to have Ravi join the CPI Board,” said H. Sanford Riley, Chair of the Board of Directors.
  • With the addition of Mallela, CPI’s Board consists of seven members, including six independent members.

CPI Card Group Inc. to Release Third Quarter Results on November 7, 2023

Retrieved on: 
Monday, October 30, 2023
Professional Services, Payments, Technology, Finance, Software, Fintech, Telephone, EVP, Webcast, CPI, PMTS, Online shopping

CPI Card Group Inc. (Nasdaq: PMTS) (“CPI Card Group”), a payment technologies company and leading provider of credit, debit and prepaid solutions, today announced it will host a webcast and conference call on Tuesday, November 7, 2023 at 9:00 a.m. Eastern Time (ET) to discuss its third quarter 2023 financial results.

Key Points: 
  • CPI Card Group Inc. (Nasdaq: PMTS) (“CPI Card Group”), a payment technologies company and leading provider of credit, debit and prepaid solutions, today announced it will host a webcast and conference call on Tuesday, November 7, 2023 at 9:00 a.m. Eastern Time (ET) to discuss its third quarter 2023 financial results.
  • CPI Card Group’s financial results for the third quarter will be released before the markets open on November 7, 2023.
  • The press release and a slide presentation to accompany the earnings conference call will be available on the CPI Card Group investor website: CPI Card Group - Investor Relations ( https://investor.cpicardgroup.com ).
  • A replay of the conference call will be available until November 21, 2023 at:
    A webcast replay of the conference call will also be available on CPI Card Group Inc.’s Investor Relations web site: https://investor.cpicardgroup.com

KBR Awarded $75M Contract to Provide Innovative Solutions for U.S. Department of Defense

Retrieved on: 
Tuesday, October 17, 2023
NYSE, Department of Defense Cyber Crime Center, Engineering, PEO, Research, Combat support, Project, United States Department of Defense, Analysis, Artificial intelligence, IAC, U.S. Army Corps of Engineers, Europe District, PMTS, Growth, KBR, MAC, Field of view, Naval Information Warfare Systems Command Program Executive Offices

KBR was awarded this task order under the DoD Information Analysis Center (IAC) Multiple Award Contract (MAC) vehicle.

Key Points: 
  • KBR was awarded this task order under the DoD Information Analysis Center (IAC) Multiple Award Contract (MAC) vehicle.
  • This is a significant recapture of Project Manager Transportation Systems (PMTS) Family of Vehicles (FoV) Analysis IAC MAC contract.
  • Under the terms of the contract, KBR will provide research and development for engineering, new product design and development, logistics and reliability improvements, and obsolescence and diminishing sources of manufacturing and supply.
  • KBR has been providing mission critical support to the PEO Combat Support & Combat Support Services since 2008.

CPI Card Group® Named One of the 2024 Best Companies to Work For by U.S. News & World Report

Retrieved on: 
Thursday, September 28, 2023
Professional Services, Payments, Technology, Finance, Software, Banking, Workplace, News, U.S. News & World Report, Interface (computing), Software as a service, Multimedia, CPI, Culture, Corporate services, PMTS, Online shopping, Management

CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company providing a range of credit, debit, and prepaid solutions, complementary digital solutions, and Software-as-a-Service (SaaS) instant issuance, has been named one of the 2024 Best Companies to Work For by U.S. News and World Report .

Key Points: 
  • CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company providing a range of credit, debit, and prepaid solutions, complementary digital solutions, and Software-as-a-Service (SaaS) instant issuance, has been named one of the 2024 Best Companies to Work For by U.S. News and World Report .
  • View the full release here: https://www.businesswire.com/news/home/20230928144984/en/
    CPI Card Group® Named One of the 2024 Best Companies to Work For by U.S. News & World Report (Graphic: Business Wire)
    CPI was recognized in the Industrials and Business Services industry group category in the 2024 U.S. News Best Companies to Work For by Industry list published on September 26.
  • “We are proud to be named one of U.S. News and World Report’s 2024 Best Companies to Work For,” said Sonya Vollmer, Chief Human Resources Officer at CPI.
  • In turn, our committed and talented employees help deliver on our promise to our customers by empowering their business success.

Vistagen Announces Positive Results from Exploratory Phase 2A Study of PH80 for Acute Management of the Symptoms of Premenstrual Dysphoric Disorder

Retrieved on: 
Tuesday, September 12, 2023
Biotechnology, Pharmaceutical, Health, Clinical Trials, Central nervous system, Depression, AE, Anxiety, Aes, Premenstrual dysphoric disorder, CNS, DSR, Menstrual cycle, PMDD, Headache, Safety, PMTS, Pharmaceutical industry, Copper

At the second study visit, subjects were randomized to receive a single dose of 0.9 µg PH80 nasal spray or placebo in the clinic.

Key Points: 
  • At the second study visit, subjects were randomized to receive a single dose of 0.9 µg PH80 nasal spray or placebo in the clinic.
  • The previously unreported results of this exploratory Phase 2A clinical study of PH80 signal a potential revolutionary method for treating premenstrual mood symptoms,” said Shawn Singh, Chief Executive Officer of Vistagen.
  • “PMDD symptoms can be extremely limiting to daily functioning and PH80 demonstrated the potential to alleviate these symptoms.
  • Vistagen gained access to the results of the study in connection with its acquisition of Pherin in February 2023.

CPI Card Group® Introduces Card@Once® Ribbon Shredder for Protection of Sensitive Cardholder Data

Retrieved on: 
Tuesday, August 29, 2023
Other Manufacturing, Technology, Payments, Security, Banking, Professional Services, Manufacturing, Machinery, Hardware, Product management, Card, Software as a service, CPI, Corporation, PMTS, Financial services, Security printing

However, used printer ribbon panels can contain sensitive consumer data that must be securely and properly destroyed.

Key Points: 
  • However, used printer ribbon panels can contain sensitive consumer data that must be securely and properly destroyed.
  • CPI’s Card@Once Ribbon Shredder is a compact and easy-to-use desktop solution that uses twisted micro-cut technology to completely shred printer ribbon panels into tiny, unrecognizable particles.
  • Designed to accommodate the industry’s most popular brands of direct-to-card printer ribbons, CPI’s Card@Once Ribbon Shredder offers financial institutions flexibility in securely protecting sensitive data and eliminating the hurdles associated with used ribbon panel disposal.
  • “We are proud to introduce the Card@Once Ribbon Shredder as another solution in the payment life cycle, providing a convenient solution for the secure destruction of sensitive cardholder data,” said Rob Dixon, Vice President of Product Management and Corporate Development at CPI.

The Metals Company Provides Second Quarter 2023 Corporate Update and Commentary on ~$27 Million Capital Raise at $2.00 Per Share with Potential Upsizing to $38 Million

Retrieved on: 
Monday, August 14, 2023
Exercise, OBIS, International Seabed Authority, Ocean Biodiversity Information System, Project Zero, National security, United States House Armed Services Subcommittee on Strategic Forces, NDAA, Record, Environmental policy of the Joe Biden administration, Mining Code, Assistant, The Metals Company, TMC, United States House Committee on Armed Services, Allseas, U.S. Department of Defense Strategy for Operating in Cyberspace, Mining, Engineering, Motivation, Corporation, ISA, Part Two, Carl Levin and Howard P. "Buck" McKeon National Defense Authorization Act for Fiscal Year 2015, Policy, Letter, The Hidden Gem, House, PMTS, Presidency of Joe Biden, Cryptocurrency, Management, Security (finance), Defense

Chairman and CEO Gerard Barron and CFO Craig Shesky along with several TMC board members also participated in the transaction.

Key Points: 
  • Chairman and CEO Gerard Barron and CFO Craig Shesky along with several TMC board members also participated in the transaction.
  • Exploration evaluation expenses during the quarter ended June 30, 2023 were $8.1 million compared to $10.2 million for the quarter ended June 30, 2022.
  • General and administrative expenses were $5.1 million for the quarter ended June 30, 2023 compared to $8.1 million for the quarter ended June 30, 2022.
  • ET to provide an update on recent corporate developments, first quarter financial results and upcoming milestones.

CPI Card Group® Expands Their Metal Card Offerings with a New Tungsten Card

Retrieved on: 
Tuesday, August 15, 2023
Software, Banking, Mobile, Wireless, Networks, Professional Services, Fintech, Data Management, Payments, Electronic Commerce, Technology, Finance, Other Technology, Perception, Metal, Software as a service, Tungsten, Executive, CPI, PMTS, Financial services

CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company providing a range of credit, debit and prepaid solutions, complementary digital solutions, and Software-as-a-Service (SaaS) instant issuance, today announced that it has expanded its offerings of encased metal cards to include a contactless tungsten card.

Key Points: 
  • CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company providing a range of credit, debit and prepaid solutions, complementary digital solutions, and Software-as-a-Service (SaaS) instant issuance, today announced that it has expanded its offerings of encased metal cards to include a contactless tungsten card.
  • By embedding tungsten metal between layers of plastic, the new Encased Tungsten Card weighs approximately four times more than a standard plastic payment card.
  • Offerings like these combine the most convenient dual interface technology with the most premium material available for a payment card for discerning cardholders.
  • In addition to encased metal cards, CPI offers prepaid cards, eco-focused cards, and many other card solutions with a variety of personalization options.

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.