XML 43 R32.htm IDEA: XBRL DOCUMENT

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting

Schedule of revenue and EBITDA of the company's reportable segments


	Three Months Ended March 31, 2025
	Debit and Credit			Prepaid Debit			Other			Intersegment Eliminations			Total
Net sales
Products	$	69,625		$	—		$	—		$	(450)		$	69,175
Services		26,895			26,713			—			(22)			53,586
Total net sales		96,520			26,713			—			(472)			122,761
Cost of sales
Products ⁽¹⁾		46,735			—			—			(450)			46,285
Services ⁽¹⁾		16,433			16,219			—			(22)			32,630
Depreciation and amortization		2,098			1,052			—			—			3,150
Total cost of sales		65,266			17,271			—			(472)			82,065
Gross profit		31,254			9,442			—			—			40,696
Operating expenses		9,551			1,443			15,598			—			26,592
Income (loss) from operations	$	21,703		$	7,999		$	(15,598)		$	—		$	14,104

EBITDA by segment:
Income (loss) from operations	$	21,703		$	7,999		$	(15,598)		$	—		$	14,104
Depreciation and amortization		2,271			1,116			860			—			4,247
Other income (expense)		(7)			6			19			—			18
EBITDA	$	23,967		$	9,121		$	(14,719)		$	—		$	18,369

Gross profit margin		32.4%			35.3%			*			*			33.2%
EBITDA margin		24.8%			34.1%			*			*			15.0%


	Three Months Ended March 31, 2024
	Debit and Credit			Prepaid Debit			Other			Intersegment Eliminations			Total
Net sales
Products	$	58,371		$	—		$	—		$	(213)		$	58,158
Services		29,602			24,198			—			(22)			53,778
Total net sales		87,973			24,198			—			(235)			111,936
Cost of sales
Products ⁽¹⁾		38,015			—			—			(213)			37,802
Services ⁽¹⁾		16,592			13,359			—			(22)			29,929
Depreciation and amortization		1,871			816			—			—			2,687
Total cost of sales		56,478			14,175			—			(235)			70,418
Gross profit		31,495			10,023			—			—			41,518
Operating expenses		8,741			1,278			17,354			—			27,373
Income (loss) from operations	$	22,754		$	8,745		$	(17,354)		$	—		$	14,145

EBITDA by segment:
Income (loss) from operations	$	22,754		$	8,745		$	(17,354)		$	—		$	14,145
Depreciation and amortization		2,150			871			996			—			4,017
Other income (expense)		(62)			(1)			(2)			—			(65)
EBITDA	$	24,842		$	9,615		$	(16,360)		$	—		$	18,097

Gross profit margin		35.8%			41.4%			*			*			37.1%
EBITDA margin		28.2%			39.7%			*			*			16.2%

*

Calculation not meaningful.

(1)

Exclusive of depreciation and amortization.

Reconciliation of Net Income to EBITDA

Schedule of reconciliation of total segment EBITDA to income before taxes


	Three Months Ended March 31,
	2025			2024
Net income	$	4,774		$	5,455
Interest, net		7,685			6,425
Income tax expense		1,663			2,200
Depreciation and amortization		4,247			4,017
EBITDA	$	18,369		$	18,097

Schedule of total assets of the company's reportable segments


		March 31,			December 31,
		2025			2024
Debit and Credit		$	260,525		$	248,970
Prepaid Debit			54,376			60,621
Other			37,012			40,066
Total assets		$	351,913		$	349,657

Total capital expenditures of the Company's reportable segments


		Three Months Ended March 31,
		2025			2024
Debit and Credit		$	4,712		$	750
Prepaid Debit			589			756
Total capital expenditures		$	5,301		$	1,506