LITTLETON, Colo.--(BUSINESS WIRE)--
Net Sales of $61.5 million, up 12% year-over-year
Continuing Operations - GAAP Net Loss of $0.8 million; Adjusted Net Income of $1.1 million
Adjusted EBITDA of $8.9 million
Q2 Ending Cash of $17.8 million, Available Revolver of $20.0 million, Available Liquidity of $37.8 million
Call scheduled for Thursday, August 9, 2018 at 9:00 a.m. Eastern Time
CPI Card Group Inc. (Nasdaq:PMTS; TSX:PMTS) (“CPI Card Group” or the “Company”) today reported financial results for the second quarter ended June 30, 2018.
Scott Scheirman, President and Chief Executive Officer of CPI, stated, “We are pleased with our second quarter results, which include 12% year-over-year revenue growth driven by strong performance in Prepaid and growth of our emerging products and solutions. We are tracking in line with our business plan through the first half of 2018. During the second quarter, we continued to expand relationships with new and existing customers by executing on our strategic priorities of deep customer focus, providing market-leading quality products and customer service, a market competitive business model and continuous innovation. At the same time, we made an important strategic move to sharpen our focus on our core customers, markets, products and solutions by selling our U.K. business.”
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