Overall Sales Growth
Sales increased 11% for the quarter, driven by the addition of Arroweye and strong growth in the Software-as-a-Service instant issuance business.
Market Share Gains in Debit and Credit Segment
The company believes it gained market share as contactless card volumes increased nicely.
Strategic Initiatives Paying Off
Progress on multiple strategy initiatives, including the expansion of addressable markets and entry into closed-loop prepaid, is starting to yield tangible results.
Record Year for Instant Issuance Business
The Software-as-a-Service instant issuance business is on track for a record year, with growth in new verticals and financial institution penetration.
New Indiana Facility Operational
The new Indiana production facility is fully operational, expected to aid efficiencies in 2026.