CPI Card Group Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>CPI Card Group Inc. has filed its 2023 Form 10-K, detailing its financial performance and operational status for the fiscal year ending December 31, 2023.</b>

AI Summary

CPI Card Group Inc. (PMTS) filed a Annual Report (10-K) with the SEC on March 7, 2024. CPI Card Group Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing provides comprehensive financial and operational details for the company. Key financial data and disclosures are included as per SEC regulations. The report covers the period from January 1, 2023, to December 31, 2023. CPI Card Group Inc. is incorporated in Delaware and headquartered in Littleton, Colorado.

Why It Matters

For investors and stakeholders tracking CPI Card Group Inc., this filing contains several important signals. This 10-K filing is a mandatory disclosure for publicly traded companies, providing investors and the public with a detailed overview of the company's financial health, risks, and strategic direction. The information contained within this report is crucial for understanding CPI Card Group's performance in the past fiscal year and its outlook for the future, influencing investment decisions and market perception.

Risk Assessment

Risk Level: medium — CPI Card Group Inc. shows moderate risk based on this filing. The company operates in the commercial printing sector, which can be subject to market fluctuations and competitive pressures, as indicated by its SIC code and business description.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to assess CPI Card Group's financial stability and future growth prospects.

Key Numbers

• 20231231 — Fiscal Year End (Reported period)
• 20240307 — Filing Date (Date of submission)
• 101 — Public Document Count (Number of documents in the filing)
• 260344657 — IRS Number (Company's IRS identification number)

Key Players & Entities

• CPI Card Group Inc. (company) — Filer name
• 10-K (document) — Form type
• 20231231 (date) — Fiscal year end
• 20240307 (date) — Filing date
• Littleton, Colorado (location) — Business address city and state
• 260344657 (identifier) — IRS number
• DE (location) — State of incorporation
• 720-681-6304 (phone) — Business phone

FAQ

Industry Context

CPI Card Group Inc. operates within the commercial printing industry, specifically focusing on card manufacturing and related services.

Regulatory Implications

The company is subject to standard SEC reporting requirements for publicly traded entities, including the annual filing of Form 10-K.

What Investors Should Do

1. Review the full 10-K filing for detailed financial statements and management discussion.
2. Analyze the risk factors section for potential challenges and uncertainties.
3. Compare the 2023 performance metrics with previous years to identify trends.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-03-07: Filing Date — Date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This filing represents the annual report for the fiscal year 2023, following previous filings which would include quarterly reports (10-Q) and potentially prior annual reports.

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value PMTS Nasdaq Global Market
• $23.25 — ice of the registrant's common stock of $23.25 as reported on the Nasdaq Global Market

Filing Documents

• pmts-20231231x10k.htm (10-K) — 2212KB
• pmts-20231231xex10d6.htm (EX-10.6) — 150KB
• pmts-20231231xex10d21.htm (EX-10.21) — 326KB
• pmts-20231231xex10d32.htm (EX-10.32) — 293KB
• pmts-20231231xex10d33.htm (EX-10.33) — 330KB
• pmts-20231231xex21d1.htm (EX-21.1) — 11KB
• pmts-20231231xex23d1.htm (EX-23.1) — 2KB
• pmts-20231231xex31d1.htm (EX-31.1) — 15KB
• pmts-20231231xex31d2.htm (EX-31.2) — 15KB
• pmts-20231231xex32d1.htm (EX-32.1) — 14KB
• pmts-20231231xex97d1.htm (EX-97.1) — 31KB
• pmts-20231231xex10d32002.jpg (GRAPHIC) — 1KB
• pmts-20231231xex10d32006.jpg (GRAPHIC) — 1KB
• pmts-20231231xex10d33002.jpg (GRAPHIC) — 1KB
• pmts-20231231xex10d33004.jpg (GRAPHIC) — 1KB
• pmts-20231231xex97d1002.jpg (GRAPHIC) — 1KB
• 0001558370-24-002670.txt (&nbsp;) — 11594KB
• pmts-20231231.xsd (EX-101.SCH) — 57KB
• pmts-20231231_cal.xml (EX-101.CAL) — 93KB
• pmts-20231231_def.xml (EX-101.DEF) — 233KB
• pmts-20231231_lab.xml (EX-101.LAB) — 604KB
• pmts-20231231_pre.xml (EX-101.PRE) — 451KB
• pmts-20231231x10k_htm.xml (XML) — 2034KB

Business

Business 4 Item 1A

Risk Factors

Risk Factors 13 Item 1B Unresolved Staff Comments 34 Item 1C C ybersecurity 34 Item 2

Properties

Properties 36 Item 3

Legal Proceedings

Legal Proceedings 36 Item 4 Mine Safety Disclosures 37 PART II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 37 Item 6 [Reserved] 38 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 38 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 49 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 50 Item 9 Changes In and Disagreements With Accountants on Accounting and Financial Disclosure 78 Item 9A

Controls and Procedures

Controls and Procedures 78 Item 9B Other Information 79 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 79 PART III Item 10 Directors, Executive Officers and Corporate Governance 79 Item 11

Executive Compensation

Executive Compensation 79 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 79 Item 13 Certain Relationships and Related Transactions, and Director Independence 79 Item 14 Principal Accountant Fees and Services 79 PART IV Item 15 Exhibits and Financial Statement Schedules 80 Item 16 Form 10-K Summary 83

Signatures

Signatures 84 1 Table of Contents Cautionary Statement Regarding Forward-Looking Information Certain statements and information in this Annual Report on Form 10-K (as well as information included in other written or oral statements we make from time to time) may contain or constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The words "believe," "estimate," "project," "expect," "anticipate," "plan," "intend," "foresee," "should," "would," "could," "continue," "committed," "attempt," "aim," "target," "objective," "guides," "seek," "focus," "provides guidance," "provides outlook" or other similar expressions are intended to identify forward-looking statements, which are not historical in nature. These forward-looking statements, including statements about our strategic initiatives and market opportunities, are based on our current expectations and beliefs concerning future developments and their potential effect on us and other information currently available. Such forward-looking statements, because they relate to future events, are by their very nature subject to many important risks and uncertainties that could cause actual results or other events to differ materially from those contemplated . These risks and uncertainties include, but are not limited to: a deterioration in general economic conditions, including inflationary conditions and resulting in reduced consumer confidence and business spending, and a decline in consumer credit worthiness impacting demand for our products; the unpredictability of our operating results, including an inability to anticipate changes in customer inventory management practices and its impact on our business; a disruption or other failure in our supply chain, including as a result of foreign con

View Full Filing

View this 10-K filing on SEC EDGAR