CPI Card Group Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported revenue was USD 124.75 million compared to USD 105.86 million a year ago. Net income was USD 1.29 million compared to USD 3.86 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to USD 0.33 a year ago. For the nine months, revenue was USD 355.51 million compared to USD 341.68 million a year ago. Net income was USD 12.75 million compared to USD 21.25 million a year ago. Basic earnings per share from continuing operations was USD 1.14 compared to USD 1.86 a year ago. Diluted earnings per share from continuing operations was USD 1.08 compared to USD 1.79 a year ago.
CPI Card Group is a Colorado-based payment technology company that offers solutions such as card production and instant issuance for sectors including banks and manufacturing.