Company profile

Ticker
PMTS
Exchange
CEO
Scott T. Scheirman
Employees
Incorporated
Location
Fiscal year end
Former names
CPI Holdings I, Inc.
SEC CIK

PMTS stock data

(
)

Calendar

5 Aug 20
10 Aug 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue 71.38M 73.97M 72.63M 71.68M
Net income 112K 2.42M -2.24M -684K
Diluted EPS 0.01 0.21 -0.2 -0.06
Net profit margin 0.16% 3.27% -3.08% -0.95%
Operating income 2.51M 7.68M 3.91M 7.97M
Net change in cash 7.54M 28.22M 4.39M -3.19M
Cash on hand 54.45M 46.9M 18.68M 14.29M
Cost of revenue 48.23M 48.26M 50.63M 46.26M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 278.07M 255.81M 223.74M 308.7M
Net income -4.45M -37.46M -22.01M 5.4M
Diluted EPS -0.4 -3.36 -1.98 0.48
Net profit margin -1.60% -14.64% -9.84% 1.75%
Operating income 25.54M 4.59M -19.3M 28.98M
Net change in cash -1.61M -2.91M -13.75M 23.35M
Cash on hand 18.68M 20.29M 23.21M 36.96M
Cost of revenue 186.75M 177.22M 155.54M 206.8M

Financial data from CPI Card earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
21 May 20 Sheinbaum Marc Common Shares Buy Aquire P No 0.875 20 17.5 1,379
21 May 20 Sheinbaum Marc Common Shares Buy Aquire P No 0.85 1,000 850 1,359
21 May 20 Sheinbaum Marc Common Shares Buy Aquire P No 0.77 349 268.73 359
20 May 20 Sheinbaum Marc Common Shares Buy Aquire P No 0.77 10 7.7 10
22 Mar 20 Dubin Lane Common Stock Payment of exercise Dispose F No 0.605 265 160.33 3,526
22 Mar 20 Dubin Lane Common Stock Option exercise Aquire M No 0 1,830 0 3,791
22 Mar 20 Dubin Lane Common Stock Sale back to company Dispose D No 0.5 40,183 20.09K 1,961
22 Mar 20 Dubin Lane Common Stock Option exercise Aquire M No 0 40,183 0 42,144
22 Mar 20 Dubin Lane RSU Common Stock Option exercise Dispose M No 0 1,830 0 0
22 Mar 20 Dubin Lane Cash Performance Units Common Stock Option exercise Dispose M No 0 40,183 0 0
1.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 3 22 -86.4%
Opened positions 0 4 EXIT
Closed positions 19 5 +280.0%
Increased positions 0 4 EXIT
Reduced positions 1 7 -85.7%
13F shares
Current Prev Q Change
Total value 103K 786K -86.9%
Total shares 152.13K 872.13K -82.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Thompson Investment Management 151.31K $102K 0.0%
Victory Capital Management 817 $1K -2.2%
Proequities 0 $0
Largest transactions
Shares Bought/sold Change
UBS UBS 0 -241.79K EXIT
Renaissance Technologies 0 -148.88K EXIT
Mariner Investment 0 -97.54K EXIT
Invenomic Capital Management 0 -70.69K EXIT
Vanguard 0 -40.67K EXIT
Millennium Management 0 -35.72K EXIT
Commonwealth Equity Services 0 -25.6K EXIT
VIRT Virtu Financial 0 -23.01K EXIT
Geode Capital Management 0 -20.19K EXIT
WFC Wells Fargo & Company 0 -10.01K EXIT

Financial report summary

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Competition
GemaltoGemaltoValid
Risks
  • The covenants and restrictions contained in our First Lien Term Loan and our new Senior Credit Facility may adversely affect our business and results of operations, may restrict our ability to grow and could make it difficult or impossible to timely make our debt service payments or refinance our debt when it comes due.
  • Our ability to raise capital in the future may be limited, which could lead to delays in innovation and abandonment of our strategic initiatives.
  • System security risks, data protection breaches, and cyber-attacks could compromise our proprietary information, impair customer and vendor relationships, disrupt our internal operations, harm perception of our products, and expose us to litigation and/or regulatory penalties, which could have a material adverse effect on our business and our reputation.
  • Interruptions in our operations, particularly in our IT systems, could have a material adverse effect on our business and reputation.
  • We may be unable to adequately protect our trade secrets and intellectual property rights against misappropriation or infringement, which may have a material adverse effect on our business.
  • We may experience software defects, which could harm our business and reputation and expose us to potential liability.
  • Our business could suffer from problems in production quality, materials, and process, which could reduce, delay or interrupt production of our products, resulting in adverse impacts to our business and financial results.
  • A disruption or other failure in our supply chain could adversely affect our business and financial results.
  • Failure to retain our existing customers or identify and attract new customers could have a material adverse effect on our business.
  • We face competition that may result in a loss of our market share and/or a decline in our profitability.
  • The failure to effectively recruit, retain and develop qualified personnel and succession processes could adversely affect our success and ability to grow and have a material adverse effect on our profitability.
  • We may not be able to sell, exit or reconfigure businesses or facilities that we determine no longer meet with our strategy or that should be consolidated.
  • Our future success depends upon our ability to develop, introduce and commercialize new products, which can be a lengthy and complex process. We may be unable to commercialize new or improved products we may develop on a timely basis, or at all.
  • New and developing technology solutions and products could make our existing technology solutions and products obsolete or irrelevant, and if we are unable to introduce new products and services in a timely manner, our business could be materially adversely affected.
  • Our business and financial results may be materially adversely affected by various legal and regulatory proceedings.
  • If we fail to meet the continued listing standards of the Toronto Stock Exchange or the rules of the OTCQX® Best Market, our common stock may no longer be permitted to trade on these platforms, which may adversely affect the market price and liquidity of our common stock.
  • Our common stock is not currently traded on a United States national securities exchange, which may continue to decrease the value of our common stock and prevent investors from investing or achieving a meaningful degree of liquidity.
  • Our operating results are unpredictable and may vary significantly from quarter to quarter and annually, and may differ significantly from our expectations.
  • Our long-lived assets represent a significant portion of our total assets, and we may never realize their full value.
  • Our failure to operate our business in accordance with the standards of the PCI Security Standards Council or other industry standards applicable to our customers, such as Payment Card Brand compliance standards, could have a material adverse effect on our business.
  • Risks associated with reduced levels of consumer and business spending could adversely affect our business, financial condition and results of operations.
  • Costs relating to product defects, and any related product liability and warranty claims may materially adversely affect our business
  • If the U.S. government puts significant tariffs or other restrictions on or there is an economic downturn impeding goods imported into the United States, our revenue and results of operations may be materially harmed.
  • We rely on licensing arrangements in production and other fields, and actions taken by any of our licensing partners could have a material adverse effect on our business.
  • We are required to comply with complex laws and regulations in the United States and other countries and are exposed to business risks associated with our international business.
  • Environmental, health and safety laws and regulations expose us to liability and any such liability may have a material adverse effect on our business.
  • Our majority stockholders have the ability to control significant corporate activities, which may result in the Company taking actions that other stockholders did not approve and may reduce the trading price of our stock or trigger a change in control under our Senior Credit Facility.
  • Conflicts of interest may arise because directors who are principals of our largest stockholder constitute a substantial portion of our board of directors.
  • Certain provisions of our organizational documents and other contractual provisions may make it difficult for stockholders to change the composition of our board of directors and may discourage hostile takeover attempts that some of our stockholders may consider to be beneficial.
  • Any issuance of preferred stock could adversely affect holders of our common stock, which could depress the price of our common stock.
Management Discussion
  • Net sales for the year ended December 31, 2019, increased $22.3 million, or 8.7%, to $278.1 million compared to $255.8 million for the year ended December 31, 2018. 
  • U.S. Debit and Credit:
  • Net sales for U.S. Debit and Credit for the year ended December 31, 2019, increased $34.5 million, or 19.3%, to $213.1 million compared to $178.6 million for the year ended December 31, 2018. The net sales increase was primarily due to higher volumes of dual-interface EMV cards, including our Second Wave cards featuring a core made with recovered ocean bound plastics, and higher card personalization and fulfillment sales including increased net sales from our Card@Once instant issuance solution. Dual-interface EMV cards have additional technology to process contactless transactions and generally have a higher average selling price.    
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: began, CG, complexity, disbursement, earlier, embedded, enhanced, experienced, fewer, half, larger, permanent, put, quarantine, reinstated, reinstating, replacement, sentence, slightly, store, suspend, traffic
Removed: added, administratively, answered, anticipated, appeal, aware, circuit, Colorado, counterclaimed, infringe, instituted, Inter, invalidity, IPR, lesser, manufacturing, patent, petition, PTAB, ratio, review, Trial, unpatentable