02:09 PM EST, 03/07/2024 (MT Newswires) -- CPI Card Group ( PMTS ) reported Q4 net income Thursday of $0.23 per diluted share, down from $1.06 a year earlier.

Analysts polled by Capital IQ expected $0.32.

Net sales for the quarter ended Dec. 31 was $102.9 million, down from $126.4 million a year earlier. Analysts surveyed by Capital IQ expects $105.1 million.

The company shares were down more than 16% in recent trading.

Price: 15.48, Change: -3.02, Percent Change: -16.32