PMTS on Nasdaq

CPI Card Group Inc.

CPI Card Group Inc. is an American commercial printing company based in Littleton, active since 2007.2 Its shares trade on Nasdaq under the symbol PMTS.2

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Last updated Oct 21, 2026.

Overview

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  • TickerPMTS on Nasdaq2
  • IndustryCommercial Printing2
  • HeadquartersLittleton, United States2
  • Incorporated inDE3
  • Business address10368 West Centennial Rd, Littleton, Co 801273
  • Filer categoryAccelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI54930087HHJ1VWIJK0622
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 43642822

Standards Council security standards or other industry standards; the effects of ongoing foreign conflicts on the global economy; adverse conditions in the banking system and financial markets, including the failure of banks and financial institutions; our failure to comply with environmental, health and safety laws and regulations that apply to our products and the raw materials we use in our production processes; (ii) risks relating to ownership of our common stock, such as those associated with concentrated ownership of our stock by our significant stockholders and potential conflicts of interests with other stockholders; the impact of concentrated ownership of our common stock and the sale or perceived sale of a substantial amount of common stock on the trading volume and market price of our common stock; potential conflicts of interest that may arise due to our Board of Directors be…5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

31.3%Gross margin6
10.1%Operating margin6
2.8%Net margin6
13.1%Revenue growth, 20256
$41.3MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Debit and Credit brought in 83% of the revenue CPI Card Group Inc. broke down this way in fiscal 2025.

  1. Debit and Credit$451.5M683%up 20% from 2024
  2. Prepaid Debit$93.6M617%down 12% from 2024
Business segments by year
Business segments20242025
Debit and Credit$375.3M$451.5M
Prepaid Debit$106.5M$93.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue69¢$373.4M
  • Other costs27¢$148.5M
  • Income tax1¢$6.7M
  • Profit3¢$14.9M

Out of $543.5M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending31¢$18.2M
  • Kept or used elsewhere69¢$41.3M

Out of $59.5M of cash from operations.6

Financial statements

Revenue78910116$543.5M in 2025+95% since 2019
0$200.0M$400.0M$600.0M2019: $278.1M$278.1M20192020: $312.2M$312.2M2020+12%2021: $375.1M$375.1M2021+20%2022: $475.7M$475.7M2022+27%2023: $444.5M$444.5M2023−7%2024: $480.6M$480.6M2024+8%2025: $543.5M$543.5M2025+13%
Gross profit78910116$170.1M in 2025+87% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $91.1M$91.1M20192020: $110.3M$110.3M2020+21%2021: $141.4M$141.4M2021+28%2022: $175.8M$175.8M2022+24%2023: $155.5M$155.5M2023−12%2024: $171.2M$171.2M2024+10%2025: $170.1M$170.1M2025−1%
Operating income78910116$54.8M in 2025+122% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $24.7M$24.7M20192020: $38.4M$38.4M2020+55%2021: $59.5M$59.5M2021+55%2022: $79.1M$79.1M2022+33%2023: $61.6M$61.6M2023−22%2024: $62.8M$62.8M2024+2%2025: $54.8M$54.8M2025−13%
Net income78910116$14.9M in 2025
-$20.0M0$20.0M$40.0M2019: -$5.1M-$5.1M20192020: $16.1M$16.1M20202021: $15.9M$15.9M2021−1%2022: $36.5M$36.5M2022+129%2023: $24.0M$24.0M2023−34%2024: $19.5M$19.5M2024−19%2025: $14.9M$14.9M2025−23%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Revenue$543.5M$480.6M
Cost of goods sold$373.4M$309.4M
Gross profit$170.1M$171.2M
Selling, general and administrative expenses$115.3M$108.4M
Income from operations$54.8M$62.8M
Interest, net-$32.5M-$34.1M
Loss on debt extinguishment-$287.0K-$3.0M
Other expense, net-$348.0K-$691.0K
Total other expense, net-$33.1M-$37.8M
Income before income taxes and equity in losses of unconsolidated affiliates$21.7M$25.0M
Income tax expense-$6.7M-$5.5M
Equity in losses of unconsolidated affiliates-$134.0K
Net income$14.9M$19.5M
Basic earnings per share (in dollars per share)$1.32$1.75
Diluted earnings per share (in dollars per share)$1.25$1.64
Basic weighted-average shares outstanding (in shares)11.3M shares11.2M shares
Diluted weighted-average shares outstanding (in shares)11.9M shares11.9M shares
Total comprehensive income$14.9M$19.5M

Compare CPI Card Group Inc. with another company

Corporate structure

CPI Card Group Inc. sits at the top of its group. 9 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CPI Card Group Inc.

  • CPI Card Group Inc. Littleton, Colorado, United States
    • Arroweye Solutions, Inc. Subsidiary · Delaware, United States
    • CPI Card Group International Ltd Subsidiary · United Kingdom
    • CPI Card Group – Colorado, Inc. Subsidiary · Colorado, United States
    • CPI Card Group – Indiana, Inc. Subsidiary · Indiana, United States
    • CPI Card Group – Minnesota, Inc. Subsidiary · Delaware, United States
    • CPI Card Group – Tennessee, Inc. Subsidiary · Tennessee, United States
    • CPI CG Inc. Subsidiary · Delaware, United States
    • CPI Holding Co. Subsidiary · Colorado, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CPI Card Group Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$21.7M6 Dec 31, 2025$33.5M6 Dec 31, 2024−35.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$48.8M6 Dec 31, 2025$47.1M6 Dec 31, 2024+3.4%
Intangible assets, net (excluding goodwill)$18.5M6 Dec 31, 2025$10.5M6 Dec 31, 2024+76.7%
Finite-lived intangibles, gross$78.3M6 Dec 31, 2025$65.9M6 Dec 31, 2024+18.8%
Accumulated amortization$59.7M6 Dec 31, 2025$55.4M6 Dec 31, 2024+7.8%
Finite-lived intangibles, net$18.5M6 Dec 31, 2025$10.5M6 Dec 31, 2024+76.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$72.2M6 Dec 31, 2025$72.7M6 Dec 31, 2024−0.6%
Raw materials$61.6M6 Dec 31, 2025$63.9M6 Dec 31, 2024−3.6%
Work in process$3.9M6 Dec 31, 2025$955.0K6 Dec 31, 2024+305.0%
Finished goods$6.8M6 Dec 31, 2025$7.8M6 Dec 31, 2024−13.1%

Properties, in its own words

Information regarding each of our facilities, which may include multiple leases at each location, is set forth below.

Location · Operations · SquareFootage · Owned/Leased

The rest of Item 2

Littleton, Colorado · Debit and Credit card production · 65,000 · Leased

Roseville, Minnesota · Debit and Credit personalization services; and Prepaid Debit card packaging services, fulfillment · 227,000 · Leased

Fort Wayne, Indiana · Debit and Credit card production · 80,000 · Leased

Nashville, Tennessee · Debit and Credit card personalization services, instant issuance, fulfillment · 65,000 · Leased

Las Vegas, Nevada · Debit and Credit card production and personalization · 76,000 · Leased

Denver, Colorado · Corporate facility · 4,000 · Leased

Henderson, Nevada · Corporate facility · 6,000 · Leased

Item 2 of the 10-K filed Mar 5, 2026.5

Leadership

Who has led CPI Card Group Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (37)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Arroweye Solutions, Inc. Delaware, USA4
  • CPI CG Inc. Delaware, USA4
  • CPI Card Group International Ltd United Kingdom4
  • CPI Card Group – Colorado, Inc. Colorado, USA4
  • CPI Card Group – Indiana, Inc. Indiana, USA4
  • CPI Card Group – Minnesota, Inc. Delaware, USA4
  • CPI Card Group – Tennessee, Inc. Tennessee, USA4
  • CPI Holding Co. Colorado, USA4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • CPI Holdings I, Inc.May 14, 2015 to Jul 8, 20153

Timeline

  1. Sep 14, 20268-K Other events59
  2. Aug 26, 20268-K Executive or director change; Regulation FD disclosure60
  3. Aug 6, 20268-K Results of operations; Regulation FD disclosure61
  4. Jul 6, 20268-K Other events62
  5. Jul 1, 20268-K Executive or director change; Regulation FD disclosure63
  6. May 26, 20268-K Shareholder vote64
  7. May 5, 20268-K Results of operations; Regulation FD disclosure65
  8. Mar 5, 20268-K Results of operations; Regulation FD disclosure; Other events66
  9. Feb 17, 20268-K Executive or director change67
  10. Dec 5, 20258-K Entered a material agreement; Regulation FD disclosure68
  11. Nov 4, 20258-K Results of operations; Regulation FD disclosure69
  12. Aug 8, 20258-K Results of operations; Regulation FD disclosure70
  13. May 30, 2018New chief executive Scott Scheirman becomes CEO14
  14. Oct 8, 2015New chief executive Steve Montross becomes CEO15
  15. Jun 4, 2007Founded CPI Card Group Inc. is founded2

Calendar

Coming up

  1. Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.47 a share, on Nov 4, 2025.71

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results61
  2. May 5, 2026Reported quarterly or annual results65
  3. Mar 5, 2026Reported quarterly or annual results66
  4. Nov 4, 2025Reported quarterly or annual results69
  5. Aug 8, 2025Reported quarterly or annual results70
  6. May 7, 2025Reported quarterly or annual results72
  7. Mar 4, 2025Reported quarterly or annual results73
  8. Nov 5, 2024Reported quarterly or annual results74

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

453 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 46 major events, 349 insider forms, 9 large holders, 29 other. The latest 20:

  1. Sep 15, 2026SCHEDULE 13D/A EDGAR
  2. Sep 14, 20264 EDGAR
  3. Sep 14, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  4. Sep 14, 20264 EDGAR
  5. Sep 14, 20268-K EDGAR
  6. Sep 14, 20264 EDGAR
  7. Sep 14, 20264 EDGAR
  8. Sep 14, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Sep 11, 2026424B7 EDGAR
  10. Sep 10, 2026424B7 EDGAR
  11. Sep 1, 20264 EDGAR
  12. Sep 1, 20264 EDGAR
  13. Sep 1, 20264 EDGAR
  14. Sep 1, 20264 EDGAR
  15. Sep 1, 20264 EDGAR
  16. Sep 1, 20264 EDGAR
  17. Sep 1, 20264 EDGAR
  18. Sep 1, 20264 EDGAR
  19. Sep 1, 20264 EDGAR
  20. Sep 1, 20264 EDGAR

The 453 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

32 open-market trades by officers, directors and large owners since October 2021: 21 buys and 11 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 14, 2026Mallela RaviDirectorBuy1,000$21.50$21.5KForm 4
Sep 14, 2026Parallel49 Equity, ULC10% ownerSale2,687,921$20.43$54.9MForm 4
Sep 14, 2026Peters NicholasDirectorBuy11,628$21.50$250.0KForm 4
Sep 14, 2026SHEINBAUM MARCDirectorBuy4,651$21.50$100.0KForm 4
Sep 14, 2026Riley H SanfordDirectorBuy13,953$21.50$300.0KForm 4
Sep 14, 2026Tricor PMT25 Holdings Inc.10% ownerBuy525,000$21.50$11.3MForm 4
May 19, 2026Riley H SanfordDirectorBuy11,900$16.00$190.4KForm 4
May 11, 2026Carmignani Donna AbbeyController & Chief Acct. Off.Sale4,870$15.32$74.6KForm 4
Dec 4, 2025Tricor Pacific Capital Partners (Fund IV), LP10% ownerSale2,126,056$13.51$28.7MForm 4
Dec 4, 2025Riley H SanfordDirectorBuy200,000$13.51$2.7MForm 4
Nov 6, 2025Riley H SanfordDirectorBuy10,000$14.20$142.0KForm 4
Aug 14, 2025Mallela RaviDirectorBuy623$16.11$10.0KForm 4
Aug 12, 2025Riley H SanfordDirectorBuy10,000$15.75$157.5KForm 4
May 23, 2025LOWE JOHNPresident and CEOBuy3,500$19.97$69.9KForm 4
May 22, 2025LOWE JOHNPresident and CEOBuy9,000$20.14$181.3KForm 4
May 15, 2025Oleson LisaDirectorBuy895$22.56$20.2KForm 4
May 12, 2025Mallela RaviDirectorBuy500$19.80$9.9KForm 4
May 9, 2025Riley H SanfordDirectorBuy15,000$21.51$322.6KForm 4
Dec 2, 2024Riley H SanfordDirectorBuy2,000$32.51$65.0KForm 4
Nov 27, 2024Oleson LisaDirectorBuy585$30.46$17.8KForm 4

All 32 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025John LowePresident, Chief Executive Officer and Director49$648.4K$3.8M78
2025Jeffrey HochstadtFormer Chief Financial Officer$440.9K$1.4M78
2025Toni ThompsonChief Operating Officer64$484.8K$1.1M78
2024John LowePresident, Chief Executive Officer and Director49$621.2K$4.5M78
2024Jeffrey HochstadtFormer Chief Financial Officer$423.9K$1.2M78
2024Toni ThompsonChief Operating Officer64$464.5K$1.0M78

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 78. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.516,403$10.7M0.0%+84,964
Pacific Ridge Capital Partners, LLC507,681$10.5M1.9%+41,646
Vanguard Capital Management LLC263,654$5.5M0.0%+3,393
Pembroke Management, LTD239,900$5.0M0.4%+140,333
Vanguard Portfolio Management LLC226,739$4.7M0.0%+1,852
Geode Capital Management, LLC179,991$3.7M0.0%+13,489
UBS Group AG126,912$2.6M0.0%−1,365
State Street Corp96,026$2.0M0.0%+19,456
Northern Trust Corp73,407$1.5M0.0%+740
Kerrisdale Advisers, LLC60,796$1.3M0.3%No change
Dimensional Fund Advisors LP51,967$1.1M0.0%+9,316
Trexquant Investment LP50,404$1.0M0.0%+2,118
Royal Bank Of Canada49,936$1.0M0.0%+1,002
Two Sigma Investments, LP47,416$985.3K0.0%−5,402
Vanguard Fiduciary Trust Co47,313$983.2K0.0%+3,661
Bank of New York Mellon Corp43,809$910.4K0.0%+5,922
Arrowstreet Capital, Limited Partnership35,710$742.1K0.0%−2,471
Nuveen, LLC33,826$702.9K0.0%+8,891
Kornitzer Capital Management Inc /ks32,891$683.5K0.0%−1,111
SummerHaven Investment Management, LLC29,756$618.3K0.3%No change
Freestone Capital Holdings, LLC28,000$581.8K0.0%−2,000
Charles Schwab Investment Management Inc22,135$460.0K0.0%+2,512
First Trust Advisors LP20,965$435.7K0.0%+1,049
Bridgeway Capital Management, LLC13,900$288.8K0.0%No change
Walleye Capital LLC13,829$287.4K0.0%−10,843

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How CPI Card Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCPI Card Group Inc.1
  • CIK0001641614
  • Employer ID (EIN)26-03446575
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)2750 Commercial Printing1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address10368 West Centennial Rd, Littleton, CO 801271
  • Phone(303) 862-20651
  • Shares outstanding11,530,669 as of Jul 28, 202613
  • Public float$148.8M as of Jun 30, 20255
  • AuditorKPMG LLP, Denver, Colorado PCAOB ID 185; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceMay 14, 20151
  • Filings775 in all: 4 (458), 8-K (116), 3 (48), 10-Q (33), 10-K (11), DEF 14A (11), 4/A (10), SD (8)1
    All 39 form types

    DEFA14A (7), S-1/A (6), 3/A (5), CORRESP (5), ARS (4), DEF 14C (4), PRE 14C (4), S-8 (4), SC 13D/A (4), SC 13G/A (4), UPLOAD (4), 424B4 (3), SC 13G (3), 424B7 (2), 8-A12B (2), DRS/A (2), DRSLTR (2), EFFECT (2), 10-Q/A (1), 144 (1), 25-NSE (1), CERT (1), CERTNAS (1), DRS (1), PRE 14A (1), S-1 (1), S-3 (1), SC 13D (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 5, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 8, 2026
    Latest 8-K (8-K) Sep 14, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par valuePMTSNasdaq Global Market

From the cover page of the 10-K filed Mar 5, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks CPI Card Group Inc. names in Item 1A of its 10-K filed Mar 5, 2026: 40 risks under these headings, as written.5

  • Risks Relating to our Business and Industry
  • Risks associated with reduced levels of consumer and business spending, inflation-related challenges and the effects of an economic downturn could adversely affect our business, financial condition and results of operations.
  • Our operating results are unpredictable and may vary significantly from quarter to quarter and annually and may differ significantly from our expectations.
  • Failure to retain our existing customers or identify and attract new customers would 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.
  • Our future success depends upon our ability to develop, introduce and commercialize new products and related services which can be a lengthy and complex process. New and developing technology solutions and products could make our existing technology solutions and products obsolete or irrelevant. We may be unable to commercialize new or improved products and related services we may develop on a timely basis or at all.
  • 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.
  • A disruption or other failure in our supply chain could adversely affect our business and financial results.
  • Changes in U.S. and global trade policy and the impact of tariffs have had and may continue to have a material adverse effect on our business and results of operations.
  • Interruptions in our operations, particularly in our IT systems, could have a material adverse effect on our business and reputation.
  • We may experience software defects, which could harm our business and reputation and expose us to potential liability.
  • Disruptions in production at one or more of our facilities may have a material adverse impact on our business, results of operations and/or financial condition.
The other 29 risks
  • 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.
  • Costs relating to product defects, and any related product liability and warranty claims may materially adversely affect our business.
  • The failure to effectively recruit, retain and develop qualified personnel and implement effective succession processes could adversely affect our success and could have a material adverse effect on our business, financial condition and results of operations.
  • The covenants and restrictions contained in agreements governing our indebtedness 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.
  • If we are unable to generate or borrow sufficient cash to make payments on our indebtedness, our financial condition could be materially harmed. We may not be able to refinance our existing long-term debt if necessary, or we may only be able to do so at a higher interest rate or on other less favorable terms.
  • We may not be able to successfully execute our acquisition strategy or integrate acquisitions or strategic investments successfully, or successfully enter into, maintain and leverage business relationships, which could adversely affect our financial condition and results of operations.
  • We may not realize the potential benefits from the acquisition of Arroweye because of difficulties related to integration, the achievement of synergies and other challenges.
  • We may not be able to sell, exit or reconfigure businesses or facilities that we determine no longer are aligned with our strategy or that should be consolidated.
  • We are considered an accelerated filer and are required to comply with the Sarbanes-Oxley Act of 2002, and our inability to maintain effective internal control over financial reporting in the future could result in investors losing confidence in the accuracy and completeness of our financial reports and negatively affect the market price of our common stock.
  • Expectations of stakeholders relating to environmental, social and governance matters may impose additional costs and expose us to new risks as well as have an adverse effect on our business, financial condition, results of operations, and cash flows.
  • Damage to our reputation or brand image can adversely affect our business.
  • 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 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.
  • Our ability to raise capital in the future may be limited, which could lead to delays in innovation and abandonment of our strategic initiatives.
  • We may become subject to additional tax collection obligations, claims for uncollected amounts, and assessments from unclaimed property audits, new U.S. tax legislation could expose us to additional liabilities and our income tax positions or unclaimed property practices may be challenged by relevant authorities, all of which could adversely affect our cash flows and financial results.
  • Our long-lived assets represent a significant portion of our total assets, and we may never realize their full value.
  • Current and prospective regulations, changes in our product offerings and customer contractual requirements addressing consumer privacy and data use and security could increase our costs of operations, increase the risk of regulatory enforcement, or claims, which could adversely affect our operations, results of operations and financial condition.
  • 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 Brands compliance standards, could have a material adverse effect on our business.
  • Prolonged military action in foreign conflicts has impacted and may continue to have adverse effects on the global economy, and such effects could materially adversely affect our business, operations, operating results and financial condition.
  • Conditions in the banking system and financial markets, including the failure of banks and financial institutions, could have an adverse effect on our business, financial condition and results of operations.
  • Environmental, health and safety laws and regulations, including climate change regulations, expose us to liability and any such liability may have a material adverse effect on our business.
  • Risks Relating to Ownership of our Common Stock
  • Certain stockholders own a significant percentage of our common stock, and such stockholders may influence major corporate decisions of the Company and our interests may conflict with the interests of other holders of our common stock.
  • The concentration of ownership by our significant stockholders and the sale or availability for sale of substantial amounts of our common stock may adversely impact the market price and liquidity of our common stock.
  • Conflicts of interest may arise because directors who are principals of or who were nominated by our significant stockholders serve on our Board of Directors.
  • Securities analysts may publish unfavorable research or reports about our business or may not publish at all, which could cause our stock price or trading volume to decline.
  • Our business and operations could be negatively affected by stockholder activism and securities litigation.
  • 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.
  • General Risk Factors
  • 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. Moreover, changes in such laws could occur at any time and could impact us in significantly negative ways that we are unable to predict or protect against.
  • Our business and financial results may be materially adversely affected by various legal and regulatory proceedings.

Legal proceedings

The Company may be subject to routine legal proceedings in the ordinary course of business. The Company believes that the ultimate resolution of any such matters will not have a material adverse effect on its business, financial condition or results of operations.

The opening of Item 3, Legal Proceedings.5

Sources

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  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
    SEC EDGAROther events
  60. 60
  61. 61
  62. 62
    SEC EDGAROther events
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78