CPI Card Group Inc. Reports Fourth Quarter and Full Year 2024 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2025
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Source: Businesswire
Financial Performance: CPI Card Group reported a 22% increase in fourth-quarter net sales to $125.1 million and a 148% rise in net income to $6.8 million, driven by strong prepaid business performance and contactless card sales. For the full year, net sales grew 8% to $480.6 million, but net income decreased 19% due to debt refinancing costs.
2025 Outlook: The company projects mid-to-high single-digit growth for both net sales and Adjusted EBITDA in 2025, focusing on expanding into new markets and enhancing digital offerings while anticipating slightly lower Free Cash Flow compared to 2024 due to increased capital spending and cash interest payments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
