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RTÉ News
3 days ago
- Business
- RTÉ News
8 inventive ways to clear your credit card debt
Getting out of credit card debt can feel like trying to untangle a giant knot—frustrating and overwhelming - but sometimes, thinking outside the box can spark new motivation. Here, John Lowe of gives eight inventive ways to tackle that debt - and maybe even have a little fun along the way! 1. Host a "debt-busting" garage sale Turn your clutter into cash by hosting a themed sale—think vintage, collectables, or even "mystery boxes." The more unique, the better! Alternatively, you can sell your wares on apps like Vinted, Depop and Olio. 2. Start a "debt-free challenge" with friends Make it a friendly competition. Whoever pays off the most debt in a month wins a prize—perhaps a fun outing or a home-cooked meal. Those in the competition pay an entry fee that will fund the prize. Accountability can turn chores into cheers! 3. Become a "secret shopper" for extra cash Sign up for mystery shopping gigs. Not only do you get paid, but you also get to evaluate businesses—double win! You can apply for such roles on websites like 4. Offer to teach a skill for pay Are you great at baking, coding, or playing guitar? Offer lessons of any kind in exchange for extra cash to chip away at your debt. 5. Set up a "debt jar" for unexpected windfalls Every time you find change or receive a bonus, toss it into a jar dedicated solely to debt repayment—small amounts add up fast. 7. Challenge yourself to a "no-spend day" once a week Make it a game to go a full day without spending. Save the money you'd normally spend and direct it to your credit card. You might also be ticking the "healthy" box – home cooking, a walk in the park, a cosy evening of reading, etc. 8. Create a visual debt tracker with fun rewards Design a colourful chart or poster that shows your progress. When you hit milestones, treat yourself to non-financial rewards like a movie night at home, some at-home skincare, or making your favourite dinner. You need to be rewarded for your efforts. 9. Write a "debt freedom" letter to your future self Visualise your debt-free life by writing a letter to your future self. This mental exercise can boost your motivation and keep you focused. Having credit card debt and doing nothing about it is the worst thing you can do. The pillar banks and PTSB offer interest-free transfer balances for six months, while An Post Money offer to transfer your credit card debt to them at 0% interest rate for a whopping 12 months. These are also options on that credit card debt. The most important thing is to get started.
Business Wire
08-08-2025
- Business
- Business Wire
CPI Card Group Inc. Reports Second Quarter 2025 Results
LITTLETON, Colo.--(BUSINESS WIRE)--CPI Card Group Inc. (Nasdaq: PMTS) ('CPI' or the 'Company'), a payments technology company providing a comprehensive range of payment cards and related digital solutions, today reported financial results for the quarter ended June 30, 2025, and updated its financial outlook for 2025. CPI's second quarter net sales increased 9% to $129.8 million, or 15% excluding a one-time impact of an accounting change for revenue recognition timing. Growth was led by Arroweye delivering approximately $10 million of net sales in less than 2 months, increased sales of contactless debit and credit cards including higher-priced metal cards, and strong performance from Card@Once ® instant issuance solutions. Net income in the quarter decreased 91% to $0.5 million and Adjusted EBITDA increased 3% to $22.5 million compared to the prior year period. Net income in the quarter was impacted by transaction and integration costs related to the Arroweye acquisition, restructuring charges, the accounting change, and increased interest expense. The Adjusted EBITDA increase was primarily driven by sales growth, including the addition of Arroweye, partially offset by lower gross margins, including increased tariff expenses. 'We are excited about Arroweye's performance and continued growth from our portfolio of payment solutions, with especially strong momentum from our SaaS-based instant issuance solution,' said John Lowe, President and Chief Executive Officer. 'We have had great feedback on Arroweye from our customers and are actively pursuing both revenue and operating synergies to drive long-term profitability growth.' Lowe continued, 'Our other strategic investments in healthcare payments, the closed-loop Prepaid business, and digital solutions are also creating incremental growth opportunities beyond our core market, while investment in our new production facility should provide increased capacity, capabilities, and efficiencies for our existing business.' CPI updated its 2025 full year outlook and now projects low double-digit to mid-teens net sales growth, compared to the previous outlook of mid-to-high single-digit growth. The change from prior outlook primarily reflects the addition of Arroweye. The Adjusted EBITDA outlook of mid-to-high single-digit growth is unchanged from the prior outlook, with expected benefits from the addition of Arroweye offset by increased tariffs and unfavorable sales mix. The outlook does not reflect potential impacts from the proposed chip tariffs announced August 6, 2025. The Company believes long-term growth trends for the U.S. card market remain strong, led by ongoing consumer card growth. Based on figures released by the networks, Visa and Mastercard ® U.S. debit and credit cards in circulation increased at a compound annual growth rate of 8% for the three-year period ending March 31, 2025. 2025 Business Highlights On May 6, 2025, CPI acquired Arroweye Solutions, Inc., a leading provider of digitally-driven, on-demand payment card solutions for the U.S. market. A press release providing details of the acquisition can be found on CPI's investor relations website at CPI continues to be the leading provider of Software-as-a-Service-based instant issuance solutions in the U.S., with more than 17,000 Card@Once ® installations across more than 2,000 financial institutions, which generate strong recurring revenue streams from ongoing processing activities. CPI continues to advance its market and product expansion strategies, including healthcare payment solutions, digital offerings such as push provisioning capabilities for mobile wallets and payment card fraud solutions, and closed-loop prepaid solutions. CPI continues to be a leading provider of eco-focused payment card solutions in the U.S. market, with more than 450 million eco-focused debit, credit, and prepaid card or package solutions sold. On July 15, 2025, CPI exercised the optional redemption feature on its 10% Senior Notes due 2029 and retired $20 million of principal at a redemption price of 103% of par, plus accrued interest. Following the retirement, the Company had $265 million of Senior Notes outstanding. Second Quarter 2025 Financial Highlights Net sales increased 9% year-over-year to $129.8 million in the second quarter of 2025, or 15% excluding the impact of the accounting change. Debit and Credit segment net sales increased 16% to $110.8 million, or 18% excluding the accounting change, driven by the addition of Arroweye, increased sales of contactless cards including metal cards, and strong growth from Card@Once ® instant issuance solutions. Prepaid Debit segment net sales decreased 19% to $19.2 million, or increased 4% excluding the accounting change. Gross profit decreased 5% to $40.1 million, due primarily to the impact of the accounting change. Gross profit margin of 30.9% decreased from 35.7% in the prior-year second quarter, as benefits of operating leverage from sales growth were offset by negative impacts from sales mix and increased production costs, including tariffs, depreciation, and expenses associated with the transition to a new secure card production facility. Income from operations decreased 37% to $9.4 million and net income decreased 91% to $0.5 million, or $0.04 diluted earnings per share, primarily due to lower gross profit, Arroweye acquisition and integration costs, and restructuring and other charges. Net income was also impacted by higher interest expense. Adjusted EBITDA increased 3% to $22.5 million, as benefits from sales growth, including the addition of Arroweye, were partially offset by lower gross margins, including the impact of sales mix and increased tariff expenses. The impact from the accounting change implemented in the second quarter resulted from the Company moving from over-time revenue recognition for certain work-in-process ('WIP') orders to point-in-time recognition (revenue booked when shipped). This resulted in a one-time, non-cash, negative transition impact in the second quarter as approximately $8 million of second quarter shipments were recognized as WIP revenue in the first quarter under the over-time process, with no WIP revenue recognized in the second quarter under the point-in-time process. This impact affects quarterly timing of revenue recognition and associated reported net income but does not impact cash flow or Adjusted EBITDA. First Half 2025 Financial Highlights Net sales increased 9% year-over-year to $252.5 million in the first half of 2025, or 14% excluding the impact of the accounting change. Debit and Credit segment net sales increased 13% to $207.3 million, or 14% excluding the accounting change, driven by increased sales of contactless cards and Card@Once ® instant issuance solutions and the addition of Arroweye. Prepaid Debit segment net sales decreased 4% to $45.9 million, or increased 17% excluding the accounting change, led by increased sales of higher-value packaging solutions to existing customers and increased sales of healthcare payment solutions. Gross profit decreased 4% to $80.8 million and gross profit margin of 32.0% decreased from 36.4% in the prior year first half, as benefits of operating leverage from sales growth were offset by impacts from sales mix and increased production costs, including increased tariff expenses. Income from operations decreased 19% to $23.5 million and net income decreased 54% to $5.3 million, or $0.44 diluted earnings per share, primarily due to lower gross profit and Arroweye acquisition and integration costs, with net income also impacted by higher interest expense. Adjusted EBITDA decreased 3% to $43.6 million, as benefits from sales growth, including the addition of Arroweye, were offset by lower gross margin, including the impact of increased tariff expenses. Balance Sheet, Liquidity and Cash Flow The Company generated cash from operating activities of $9.9 million in the first half, which compared to $4.1 million in the prior year period; and Free Cash Flow of $0.8 million, which compared to $1.4 million in the prior year. The increased cash from operating activities was driven by decreased working capital usage, while the decreased Free Cash Flow was driven by higher capital expenditures, including spending related to the new Indiana secure card production facility. In May 2025, the Company completed the acquisition of Arroweye Solutions, Inc., a leading provider of digitally driven on-demand payment card solutions for the U.S. market, for a purchase price of $45.6 million, subject to customary closing adjustments. As of June 30, 2025, the Company had $17.1 million of cash and cash equivalents, $285 million of 10% Senior Secured Notes due 2029, and $30 million of borrowings from the ABL revolving credit facility outstanding, with a Net Leverage Ratio of 3.6x. After quarter-end, the Company retired $20 million principal of its 10% Senior Notes through the exercise of an optional redemption feature. 'We're pleased with the growth of the business, while we are also managing operating expenses tightly to help counter gross margin pressures, including the impact of tariffs,' said Jeff Hochstadt, Chief Financial Officer of CPI. 'This is also a large investment year for CPI to help drive long-term growth acceleration and operating efficiencies. We plan to utilize future free cash flow over time to drive down net leverage, which was impacted by the Arroweye acquisition and other investments this year.' The Company's capital structure and allocation priorities are focused on investing in the business, including strategic acquisitions; deleveraging the balance sheet; and returning funds to stockholders. Outlook for 2025 The Company updated its outlook for 2025: Net sales: low double-digit to mid-teens growth, compared to the prior outlook of mid-to-high single-digit growth. The change from prior outlook reflects the addition of Arroweye, partially offset by the negative impact of the accounting change for revenue recognition timing of work-in-process orders. Adjusted EBITDA: mid-to-high single-digit growth, unchanged from prior outlook as contribution from the Arroweye acquisition is expected to be offset by increased tariff expenses and unfavorable sales mix. The outlook reflects a stable economic environment and the impact of currently announced tariffs. The outlook does not reflect potential impact from proposed chip tariffs announced on August 6, 2025, as details on the proposed tariffs, including timing and exemptions, have not been announced. Conference Call and Webcast CPI Card Group Inc. will hold a conference call on August 8, 2025 at 9:00 a.m. Eastern Time (ET) to review its second quarter results. To participate in the Company's conference call via telephone or online: U.S. dial-in number (toll-free): 888-330-3573 International: 646-960-0677 Conference ID: 8062733 Webcast Link: CPI Card Group Q2 Webcast or at Participants are advised to login for the webcast 10 minutes prior to the scheduled start time. A replay of the conference call will be available until August 15, 2025 at: U.S. and Canada (toll-free): 800-770-2030 International: 609-800-9909 Canada: 647-362-9199 Conference ID: 8062733 A webcast replay of the conference call will also be available on CPI Card Group Inc.'s Investor Relations website: Non-GAAP Financial Measures In addition to financial results reported in accordance with U.S. generally accepted accounting principles ('GAAP'), we have provided the following non-GAAP financial measures in this release, all reported on a continuing operations basis: Net Sales excluding the Impact of an Accounting Change, EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Free Cash Flow, LTM Adjusted EBITDA and Net Leverage Ratio. These non-GAAP financial measures are utilized by management in comparing our operating performance on a consistent basis between fiscal periods and serve as a basis for certain Company compensation programs. We believe that these financial measures are appropriate to enhance an overall understanding of our underlying operating performance trends compared to historical and prospective periods and our peers. Management also believes that these measures are useful to investors in their analysis of our results of operations and provide improved comparability between fiscal periods. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information calculated in accordance with GAAP. Our non-GAAP measures may be different from similarly titled measures of other companies. Investors are encouraged to review the reconciliation of these historical non-GAAP measures to their most directly comparable GAAP financial measures included in Exhibit E and Exhibit F to this press release. Net Sales excluding the Impact of an Accounting Change Net Sales excluding the Impact of an Accounting Change has been presented in Exhibit F and defined as net sales excluding the impact from an accounting change implemented in the second quarter of 2025 resulting from the Company moving from over-time revenue recognition for certain WIP orders to point-in-time recognition (net sales booked when shipped). This adjustment reflects WIP orders that were recognized at the end of the first quarter of 2025 as if such orders were consistently recognized using point-in-time recognition during the second quarter of 2025 for the results for the second quarter of 2025 and reflects WIP orders that were recognized at December 31, 2024 as if such orders were consistently recognized using point-in-time recognition during the year to date period presented for 2025. Adjusted EBITDA Adjusted EBITDA is presented on a continuing operations basis and is defined as EBITDA (which represents earnings before interest, taxes, depreciation and amortization) adjusted for litigation; stock-based compensation expense; estimated sales tax expense; restructuring and other charges, including executive retention and severance and acquisition-related costs; costs related to production facility modernization efforts; loss on debt extinguishment; foreign currency gain or loss, gross profit related to the impact from the accounting change related to revenue described above; and other items that are unusual in nature, infrequently occurring or not considered part of our core operations, as set forth in the reconciliation in Exhibit E. Adjusted EBITDA is intended to show our unleveraged, pre-tax operating results and therefore reflects our financial performance based on operational factors, excluding non-operational, unusual or non-recurring losses or gains. Adjusted EBITDA has important limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for, analysis of our results as reported under GAAP. For example, Adjusted EBITDA does not reflect: (a) our capital expenditures, future requirements for capital expenditures or contractual commitments; (b) changes in, or cash requirements for, our working capital needs; (c) the significant interest expenses or the cash requirements necessary to service interest or principal payments on our debt; (d) tax payments that represent a reduction in cash available to us; (e) any cash requirements for the assets being depreciated and amortized that may have to be replaced in the future; (f) the impact of earnings or charges resulting from matters that we and the lenders under our credit agreement may not consider indicative of our ongoing operations; or (g) the impact of any discontinued operations. In particular, our definition of Adjusted EBITDA allows us to add back certain non-operating, unusual or non-recurring charges that are deducted in calculating net income, even though these are expenses that may recur, vary greatly and are difficult to predict and can represent the effect of long-term strategies as opposed to short-term results. In addition, certain of these expenses represent the reduction of cash that could be used for other purposes. Adjusted EBITDA margin as shown in Exhibit E is computed as Adjusted EBITDA divided by total net sales. We define LTM Adjusted EBITDA as Adjusted EBITDA (defined previously) for the last twelve months. LTM Adjusted EBITDA is used in the computation of Net Leverage Ratio, and is reconciled in Exhibit E. Free Cash Flow We define Free Cash Flow as cash flow provided by (used in) operating activities less capital expenditures. We use this metric in analyzing our ability to service and repay our debt. However, this measure does not represent funds available for investment or other discretionary uses since it does not deduct cash used to make principal payments on outstanding debt and financing lease liabilities. Free Cash Flow should not be considered in isolation, or as a substitute for, cash (used in) provided by operating activities or any other measures of liquidity derived in accordance with GAAP. Financial Expectations for 2025 We have provided Adjusted EBITDA expectations for 2025 on a non-GAAP basis because certain reconciling items are dependent on future events that either cannot be controlled or cannot be reliably predicted because they are not part of the Company's routine activities, any of which could be significant. Net Leverage Ratio Management and various investors use the ratio of debt principal outstanding, plus finance lease obligations, less cash, divided by LTM Adjusted EBITDA, or 'Net Leverage Ratio', as a measure of our financial strength when making key investment decisions and evaluating us against peers. About CPI Card Group Inc. CPI Card Group is a payments technology company providing a comprehensive range of payment cards and related digital solutions. With a focus on building personal relationships and earning trust, we help our customers navigate the constantly evolving world of payments, while delivering innovative solutions that spark connections and support their brands. We serve clients across industry, size, and scale through our team of experienced, dedicated employees and our network of high-security production and card services facilities, all located in the United States. CPI is committed to exceeding our customers' expectations, transforming our industry, and enhancing the way people pay every day. Learn more at Forward-Looking Statements Certain statements and information in this release (as well as information included in other written or oral statements we make from time to time) may contain or constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). The words 'believe,' 'estimate,' 'project,' 'expect,' 'anticipate,' 'affirm,' 'plan,' 'intend,' 'foresee,' 'should,' 'would,' 'could,' 'continue,' 'committed,' 'attempt,' 'aim,' 'target,' 'objective,' 'guides,' 'seek,' 'focus,' 'provides guidance,' 'provides outlook' or other similar expressions are intended to identify forward-looking statements, which are not historical in nature. These forward-looking statements, including statements about our strategic initiatives and market opportunities, including our financial outlook for 2025, the impact of our investments in Arroweye and other solutions, and our qualitative color on our business in 2025 and beyond; are based on our current expectations and beliefs concerning future developments and their potential effect on us and other information currently available. Such forward-looking statements, because they relate to future events, are by their very nature subject to many important risks and uncertainties that could cause actual results or other events to differ materially from those contemplated. These risks and uncertainties include, but are not limited to: (i) risks relating to our business and industry, such as a deterioration in general economic conditions, including due to inflationary conditions, resulting in reduced consumer confidence and business spending, and a decline in consumer credit worthiness impacting demand for our products; the unpredictability of our operating results, including an inability to anticipate changes in customer inventory management practices and its impact on our business; our failure to retain our existing key customers or identify and attract new customers; the highly competitive, saturated and consolidated nature of our marketplace; our inability to develop, introduce and commercialize new products and services, including due to our inability to undertake research and development activities; new and developing technologies that make our existing technology solutions and products obsolete or less relevant or our failure to introduce new products and services in a timely manner or at all; system security risks, data protection breaches and cyber-attacks; the usage, or lack thereof, of artificial intelligence technologies; disruptions, delays or other failures in our supply chain, including as a result of inflationary pressures, single-source suppliers, failure or inability of suppliers to comply with our code of conduct or contractual requirements, trade restrictions, tariffs, foreign conflicts or political unrest in countries in which our suppliers operate, and our inability to pass related costs on to our customers or difficulty meeting customers' delivery expectations due to extended lead times; changes in U.S. trade policy and the impact of tariffs on our business and results of operations; interruptions in our operations, including our information technology systems, or in the operations of the third parties that operate computing infrastructure on which we rely; defects in our software and computing systems; disruptions in production at one or more of our facilities due to weather conditions, climate change, political instability, or social unrest; problems in production quality, materials and process and costs relating to product defects and any related product liability and/or warranty claims and damage to our reputation; our inability to recruit, retain and develop qualified personnel, including key personnel, and implement effective succession processes; our substantial indebtedness, including the restrictive terms of our indebtedness and covenants of future agreements governing indebtedness and the resulting restraints on our ability to pursue our business strategies; our inability to make debt service payments or refinance such indebtedness; our inability to successfully execute on, integrate, or achieve the anticipated benefits of acquisitions, including the acquisition of Arroweye, or execute on divestitures or strategic relationships; our status as an accelerated filer and complying with the Sarbanes-Oxley Act of 2002 and the costs associated with such compliance and implementation of procedures thereunder; our failure to maintain effective internal control over financial reporting and risks relating to investor confidence in our financial reporting; environmental, social and governance ('ESG') preferences and demands of various stakeholders and the related impact on our ability to access capital, produce our products in conformity with stakeholder preferences, comply with stakeholder demands and comply with any related legal or regulatory requirements or restrictions; negative perceptions of our products due to the impact of our products and production processes on the environment and other ESG-related risks; damage to our reputation or brand image; the effects of climate change on our business; our inability to adequately protect our trade secrets and intellectual property rights from misappropriation, infringement claims brought against us and risks related to open source software; our inability to renew licenses with key technology licensors; our limited ability to raise capital, which may lead to delays in innovation or the abandonment of our strategic initiatives; costs and impacts related to additional tax collection efforts by states, unclaimed property laws, or future increases in U.S. federal or state income taxes, resulting in additional expenses which we may be unable to pass along to our customers; our inability to realize the full value of our long-lived assets; costs and potential liabilities associated with compliance or failure to comply with laws and regulations, customer contractual requirements and evolving industry standards regarding consumer privacy and data use and security; our failure to operate our business in accordance with the Payment Card Industry Security Standards Council security standards or other industry standards; the effects of trade restrictions, delays or interruptions in our ability to source raw materials and components used in our products from foreign countries; 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 being comprised in part of directors who are principals of or were nominated by our significant stockholders; the influence of securities analysts over the trading market for and price of our common stock, particularly due to the lack of substantial research coverage of our common stock; the impact of stockholder activism or securities litigation on the trading price and volatility of our common stock; certain provisions of our organizational documents and other contractual provisions that may delay or prevent a change in control and make it difficult for stockholders other than our significant stockholders to change the composition of our board of directors; and (iii) general risks, such as relating to our ability to comply with a wide variety of complex evolving laws and regulations and the exposure to liability for any failure to comply; the effect of legal and regulatory proceedings and the adequacy of our insurance policies; and other risks that are described in Part I, Item 1A, Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 4, 2025, in Part II, Item 1A, Risk Factors of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed with the SEC on May 7, 2025, and our other reports filed from time to time with the Securities and Exchange Commission (the 'SEC'). We caution and advise readers not to place undue reliance on forward-looking statements, which speak only as of the date hereof. These statements are based on assumptions that may not be realized and involve risks and uncertainties that could cause actual results or other events to differ materially from the expectations and beliefs contained herein. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise. For more information: CPI encourages investors to use its investor relations website as a way of easily finding information about the Company. CPI promptly makes available on this website the reports that the Company files or furnishes with the SEC, corporate governance information and press releases. EXHIBIT A CPI Card Group Inc. and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Income (in thousands, except share and per share amounts) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net sales: Products $ 80,950 $ 63,844 $ 150,125 $ 122,002 Services 48,803 54,974 102,389 108,752 Total net sales 129,753 118,818 252,514 230,754 Cost of sales: Products (exclusive of depreciation and amortization shown below) 54,978 41,893 101,263 79,695 Services (exclusive of depreciation and amortization shown below) 30,546 31,743 63,176 61,672 Depreciation and amortization 4,109 2,794 7,259 5,481 Total cost of sales 89,633 76,430 171,698 146,848 Gross profit 40,120 42,388 80,816 83,906 Operating expenses: Selling, general and administrative (exclusive of depreciation and amortization shown below) 29,291 26,225 54,786 52,268 Depreciation and amortization 1,406 1,254 2,503 2,584 Total operating expenses 30,697 27,479 57,289 54,852 Income from operations 9,423 14,909 23,527 29,054 Other expense, net: Interest, net (8,069 ) (6,530 ) (15,754 ) (12,955 ) Other (expense) income, net (13 ) (78 ) 5 (143 ) Total other expense, net (8,082 ) (6,608 ) (15,749 ) (13,098 ) Income before income taxes 1,341 8,301 7,778 15,956 Income tax expense (823 ) (2,300 ) (2,486 ) (4,500 ) Net income $ 518 $ 6,001 $ 5,292 $ 11,456 Basic and diluted earnings per share: Basic earnings per share $ 0.05 $ 0.54 $ 0.47 $ 1.03 Diluted earnings per share $ 0.04 $ 0.51 $ 0.44 $ 0.97 Basic weighted-average shares outstanding 11,297,785 11,049,968 11,271,815 11,158,334 Diluted weighted-average shares outstanding 11,927,943 11,776,894 11,969,909 11,817,584 Comprehensive income: Net income $ 518 $ 6,001 $ 5,292 $ 11,456 Total comprehensive income $ 518 $ 6,001 $ 5,292 $ 11,456 Expand EXHIBIT B CPI Card Group Inc. and Subsidiaries Condensed Consolidated Balance Sheets (in thousands, except share and per share amounts) (Unaudited) June 30, December 31, 2025 2024 Assets Current assets: Cash and cash equivalents $ 17,124 $ 33,544 Accounts receivable, net 87,495 85,491 Inventories, net 83,872 72,660 Prepaid expenses and other current assets 15,850 11,347 Total current assets 204,341 203,042 Plant, equipment, leasehold improvements and operating lease right-of-use assets, net 104,774 68,648 Intangible assets, net 20,945 10,492 Goodwill 48,211 47,150 Other assets 21,524 20,325 Total assets $ 399,795 $ 349,657 Liabilities and stockholders' deficit Current liabilities: Accounts payable $ 24,564 $ 16,123 Accrued expenses 52,933 57,979 Deferred revenue and customer deposits 1,535 1,485 Total current liabilities 79,032 75,587 Long-term debt 310,911 280,405 Deferred income taxes — 3,318 Other long-term liabilities 38,878 25,968 Total liabilities 428,821 385,278 Commitments and contingencies Stockholders' deficit: Series A Preferred Stock; $0.001 par value—100,000 shares authorized; 0 shares issued and outstanding at June 30, 2025 and December 31, 2024 — — Common stock; $0.001 par value—100,000,000 shares authorized; 11,334,910 and 11,240,507 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 11 11 Capital deficit (104,126 ) (105,429 ) Accumulated earnings 75,089 69,797 Total stockholders' deficit (29,026 ) (35,621 ) Total liabilities and stockholders' deficit $ 399,795 $ 349,657 Expand EXHIBIT C CPI Card Group Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (in thousands) (Unaudited) Six Months Ended June 30, 2025 2024 Operating activities Net income $ 5,292 $ 11,456 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense 7,815 6,188 Amortization expense 1,947 1,877 Stock-based compensation expense 3,038 5,154 Amortization of debt issuance costs 658 917 Deferred income taxes and other, net 850 (1,879 ) Changes in operating assets and liabilities: Accounts receivable, net 7,451 (2,720 ) Inventories (7,769 ) (15,584 ) Prepaid expenses and other assets 2,253 (20,316 ) Income taxes, net (3,154 ) 1,598 Accounts payable 4,977 7,079 Accrued expenses and other liabilities (13,471 ) 9,858 Deferred revenue and customer deposits 50 480 Cash provided by operating activities 9,937 4,108 Investing activities Capital expenditures for plant, equipment and leasehold improvements, net (9,112 ) (2,744 ) Cash paid for acquisition, net of cash acquired (42,442 ) — Other 50 — Cash used in investing activities (51,504 ) (2,744 ) Financing activities Proceeds from borrowings on debt 35,000 4,000 Payments on debt (5,000 ) — Payments on finance leases and other obligations (3,776 ) (2,413 ) Common stock repurchased — (6,481 ) Debt issuance costs — (118 ) Taxes withheld and paid on stock-based compensation awards (1,077 ) (1,286 ) Cash provided by (used in) financing activities 25,147 (6,298 ) Net decrease in cash and cash equivalents (16,420 ) (4,934 ) Cash and cash equivalents, beginning of period 33,544 12,413 Cash and cash equivalents, end of period $ 17,124 $ 7,479 Supplemental disclosures of cash flow information Cash paid (refunded) during the period for: Interest $ 15,453 $ 12,332 Income taxes paid $ 6,381 $ 6,481 Income taxes refunded $ (60 ) $ (272 ) Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 10,844 $ 1,292 Financing leases $ 8,761 $ 983 Accounts payable and accrued expenses for capital expenditures for plant, equipment and leasehold improvements $ 1,815 $ 500 Unsettled share repurchases included in accrued expenses $ — $ 2,197 Expand EXHIBIT D CPI Card Group Inc. and Subsidiaries Segment Summary Information For the Three Months Ended June 30, 2025 and 2024 (dollars in thousands) (Unaudited) Net Sales Three Months Ended June 30, 2025 2024 $ Change % Change Net sales by segment: Debit and Credit $ 110,757 $ 95,620 $ 15,137 15.8 % Prepaid Debit 19,222 23,815 (4,593 ) (19.3 )% Eliminations (226 ) (617 ) 391 * % Total $ 129,753 $ 118,818 $ 10,935 9.2 % * Calculation not meaningful Expand Six Months Ended June 30, 2025 2024 $ Change % Change Net sales by segment: Debit and Credit $ 207,277 $ 183,593 $ 23,684 12.9 % Prepaid Debit 45,935 48,013 (2,078 ) (4.3 )% Eliminations (698 ) (852 ) 154 * % Total $ 252,514 $ 230,754 $ 21,760 9.4 % Expand Gross Profit Three Months Ended June 30, 2025 % of Net Sales 2024 % of Net Sales $ Change % Change Gross profit by segment: Debit and Credit $ 34,649 31.3 % $ 34,164 35.7 % $ 485 1.4 % Prepaid Debit 5,471 28.5 % 8,224 34.5 % (2,753 ) (33.5 )% Total $ 40,120 30.9 % $ 42,388 35.7 % $ (2,268 ) (5.4 )% Expand Six Months Ended June 30, Gross profit by segment: Debit and Credit $ 65,903 31.8 % $ 65,659 35.8 % $ 244 0.4 % Prepaid Debit 14,913 32.5 % 18,247 38.0 % (3,334 ) (18.3 )% Total $ 80,816 32.0 % $ 83,906 36.4 % $ (3,090 ) (3.7 )% Expand Three Months Ended June 30, Income (loss) from operations by segment: Debit and Credit $ 23,053 20.8 % $ 25,389 26.6 % $ (2,336 ) (9.2 )% Prepaid Debit 4,171 21.7 % 6,909 29.0 % (2,738 ) (39.6 )% Other (17,801 ) * % (17,389 ) * % (412 ) (2.4 )% Total $ 9,423 7.3 % $ 14,909 12.5 % $ (5,486 ) (36.8 )% Expand Income (loss) from operations by segment: Debit and Credit $ 44,756 21.6 % $ 48,143 26.2 % $ (3,387 ) (7.0 )% Prepaid Debit 12,170 26.5 % 15,654 32.6 % (3,484 ) (22.3 )% Other (33,399 ) * % (34,743 ) * % 1,344 3.9 % Total $ 23,527 9.3 % $ 29,054 12.6 % $ (5,527 ) (19.0 )% Expand Three Months Ended June 30, Debit and Credit $ 26,548 24.0 % $ 27,625 28.9 % $ (1,077 ) (3.9 )% Prepaid Debit 5,297 27.6 % 7,803 32.8 % (2,506 ) (32.1 )% Other (16,920 ) * % (16,549 ) * % (371 ) (2.2 )% Total $ 14,925 11.5 % $ 18,879 15.9 % $ (3,954 ) (20.9 )% Expand Expand Three Months Ended June 30, 2025 Debit and Credit Prepaid Debit Other Total Income (loss) from operations $ 23,053 $ 4,171 $ (17,801 ) $ 9,423 Depreciation and amortization 3,528 1,126 861 5,515 Other income (expenses) (33 ) — 20 (13 ) EBITDA $ 26,548 $ 5,297 $ (16,920 ) $ 14,925 Three Months Ended June 30, 2024 Income (loss) from operations $ 25,389 $ 6,909 $ (17,389 ) $ 14,909 Depreciation and amortization 2,237 895 916 4,048 Other income (expenses) (1 ) (1 ) (76 ) (78 ) EBITDA $ 27,625 $ 7,803 $ (16,549 ) $ 18,879 Six Months Ended June 30, 2025 Debit and Credit Prepaid Debit Other Total Income (loss) from operations $ 44,756 $ 12,170 $ (33,399 ) $ 23,527 Depreciation and amortization 5,799 2,242 1,721 9,762 Other income (expenses) (40 ) 6 39 5 EBITDA $ 50,515 $ 14,418 $ (31,639 ) $ 33,294 Six Months Ended June 30, 2024 Debit and Credit Prepaid Debit Other Total Income (loss) from operations $ 48,143 $ 15,654 $ (34,743 ) $ 29,054 Depreciation and amortization 4,387 1,766 1,912 8,065 Other income (expenses) (63 ) (2 ) (78 ) (143 ) EBITDA $ 52,467 $ 17,418 $ (32,909 ) $ 36,976 Expand EXHIBIT E CPI Card Group Inc. and Subsidiaries Supplemental GAAP to Non-GAAP Reconciliation (dollars in thousands) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 EBITDA and Adjusted EBITDA: Net income $ 518 $ 6,001 $ 5,292 $ 11,456 Interest, net 8,069 6,530 15,754 12,955 Income tax expense 823 2,300 2,486 4,500 Depreciation and amortization 5,515 4,048 9,762 8,065 EBITDA $ 14,925 $ 18,879 $ 33,294 $ 36,976 Adjustments to EBITDA: Stock-based compensation expense $ 1,367 $ 2,094 $ 3,038 $ 5,154 Acquisition and integration costs (1) 1,621 — 2,261 — Restructuring and other charges (2) 1,645 939 2,127 2,758 Change in revenue recognition (3) 2,929 — 2,929 — Subtotal of adjustments to EBITDA $ 7,562 $ 3,033 $ 10,355 $ 7,912 Adjusted EBITDA $ 22,487 $ 21,912 $ 43,649 $ 44,888 Net income margin (% of Net sales) 0.4 % 5.1 % 2.1 % 5.0 % Net income growth (% Change 2025 vs. 2024) (91.4 )% (53.8 )% Adjusted EBITDA margin (% of Net sales) 17.3 % 18.4 % 17.3 % 19.5 % Adjusted EBITDA growth (% Change 2025 vs. 2024) 2.6 % (2.8 )% Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Free Cash Flow: Cash provided by (used in) operating activities $ 4,344 $ (4,757 ) $ 9,937 $ 4,108 Capital expenditures for plant, equipment and leasehold improvements, net (3,811 ) (1,238 ) (9,112 ) (2,744 ) Free Cash Flow $ 533 $ (5,995 ) $ 825 $ 1,364 Expand _______________ (1) Balance represents acquisition and integration costs related to the Arroweye acquisition that occurred on May 6, 2025. (2) Balance includes expenses related to executive retention and severance, as well as production facility modernization efforts. (3) In the second quarter of 2025, the Company reassessed certain aspects of its revenue recognition accounting under ASC 606 and prospectively began recognizing revenue for certain contracts at a point-in-time rather than over-time. Expand Last Twelve Months Ended June 30, December 31, 2025 2024 Reconciliation of net income to LTM EBITDA and Adjusted EBITDA: Net income $ 13,357 $ 19,521 Interest, net (1) 36,886 34,087 Income tax expense 3,492 5,506 Depreciation and amortization 18,117 16,420 EBITDA $ 71,852 $ 75,534 Adjustments to EBITDA: Stock-based compensation expense $ 6,429 $ 8,545 Acquisition and integration costs (2) 2,261 — Restructuring and other charges (3) 4,179 4,810 Loss on debt extinguishment (4) 2,987 2,987 Change in revenue recognition (5) 2,929 — Subtotal of adjustments to EBITDA $ 18,785 $ 16,342 LTM Adjusted EBITDA $ 90,637 $ 91,876 As of June 30, December 31, 2025 2024 Calculation of Net Leverage Ratio: Senior Notes $ 285,000 $ 285,000 ABL Revolver 30,000 — Finance lease obligations 28,239 22,801 Total debt 343,239 307,801 Less: Cash and cash equivalents (17,124 ) (33,544 ) Total net debt (a) $ 326,115 $ 274,257 LTM Adjusted EBITDA (b) $ 90,637 $ 91,876 Net Leverage Ratio (a)/(b) 3.6 3.0 Expand _______________ (1) Each period presented includes the payment of an early redemption premium of $5.8 million related to the redemption of the 8.625% Senior Secured Notes due 2026 that occurred in July 2024. (2) Balance represents acquisition and integration costs related to the Arroweye acquisition that occurred on May 6, 2025. (3) Balance includes executive retention and severance costs, expenses related to production facility modernization efforts, and expenses paid by the Company on behalf of the significant stockholders that entered into an underwriting agreement for the sale of an aggregate of 1,380,000 shares of CPI common stock to the public. (4) In July 2024, the Company redeemed the entire principal balance of $267.9 million of the 8.625% Senior Secured Notes due 2026 and also repaid in full and terminated a prior Credit Agreement with Wells Fargo Bank, N.A. entered into in March 2021, and expensed the remaining unamortized deferred financing costs. (5) In the second quarter of 2025, the Company reassessed certain aspects of its revenue recognition accounting under ASC 606 and prospectively began recognizing revenue for certain contracts at a point-in-time rather than over-time. Expand _______________ (1) For the three months ended June 30, 2025 and 2024, consolidated net sales include $226 and $617 of intersegment eliminations, respectively. For the six months ended June 30, 2025 and 2024, consolidated net sales include $698 and $852 of intersegment eliminations, respectively. Expand
RTÉ News
07-08-2025
- Business
- RTÉ News
A financial advisor's guide to paying for college
With colleges starting to ready themselves for students in the next two months, those lucky enough to be awarded a place will be excited at the prospect and a little intimidated or even overwhelmed at the logistics, not to mention the financials. It is estimated that the actual current cost of raising a child from birth until completion of their third-level education is just short of a whopping €240,000. Recent Bank of Ireland Begin research revealed that 80 per cent of parents said they do not believe the current State Child Benefit of €140 per child is sufficient to help them with their children's education expenses. John Lowe of tells all. In addition, 86% of parents surveyed for the study said that any possible further reductions in the child benefit allowance in future Budgets would leave them in a "financially difficult" position when it comes to funding their children's education. Inversely, I had worked out that if you invested that €140 Child Benefit each month in a stock market managed fund from the first month your child was born, continued it for 18 years (it finishes on the 19th birthday) fund the 18th year yourself, assumed a growth rate of 5% each year – from 1991 to 2020 the actual average annual growth in the stock market was a staggering 10.72% - you would wind up with c. €44,000 - just over the amount required to fund your child's entire 3rd level education. Now, when I tell you that 95% of households use the Child Benefit for the precise reason of its introduction - to help families financially with their week-to-week family living costs - you can understand why many families are under great financial strain when their children actually reach 3rd level. In the UK, the average student debt is £44,000 (€51,163) while in the USA it is even greater, where the average student accepts that they will have to repay their student debt for the first 10 years of their working life by paying 30% of each month's income. It is in-built, with their mortgage/rent payments. Here in Ireland, we are a far cry from that, where the parents are saddled with this debt from day one. For those with limited income, you can apply for a grant – SUSI (Student Universal Support Ireland) is a complicated grant process and outside most families' eligibility, especially those in the middle income bracket. Visit to check the specifics and see if you qualify. I am sure I do not need to repeat the advice to students reading this – shop around and also look for value. The difference between grabbing lunch on the go versus making your own might mean you have the fare to get home. Alternatively, your student card can also sometimes be a great way to find deals when you're on the move. As far as the financials are concerned, when it comes to student loans, I would always check out your local credit union first – they generally have the best rates and are the most flexible, especially now when they are being charged on their customers' surplus cash by AIB Bank and Bank of Ireland. Of the two pillar banks, AIB offer c. 8.15% (8.45% APR) so €3,000 over 1 year will cost €261.22 per month – interest for the year amounts to € 134.68 ) while Bank of Ireland offer 5% loans over 5 years, with a three month moratorium at the start ( € 188.14 per month for €10,000 – the maximum you can borrow). Credit cards are a minefield. Most students do not have the income to repay, so knowing the interest rate chargeable is important. Late payments will attract a charge of €7 – so don't be late and do not use your credit card at ATMs… interest is applied immediately, plus the minimum rate is 25%. Should you "max out" your card, you will be required to repay over a 12 month period – so on a limit of €1,500, the monthly repayment, including the € 30 government stamp duty, will be €127.50 per month – tough when you have to study too! An Post Money's credit card ( they offer 0% for 12 months on balance transfers ) should be checked out, while Revolut has already established itself in the Irish market. When it comes to current accounts, the pillar banks would have the edge. None of the providers charge fees, though the government still have their stamp duty charge on debit and ATM cards of 12 cent per transaction (to a maximum of € 2.50 for ATM cards and € 5 for both ATM and debit cards). Check out the for more information. I would certainly suggest a student budget. You should know what your total expenses are in relation to the income/grant coming in. You have two choices if your expenses exceed that income – earn more or cut costs.
Business Wire
29-07-2025
- Business
- Business Wire
CPI Card Group Inc. to Release Second Quarter 2025 Results on August 8, 2025
LITTLETON, Colo.--(BUSINESS WIRE)--CPI Card Group Inc. (Nasdaq: PMTS) ('CPI Card Group'), a payments technology company and leading provider of payment cards and related digital solutions, today announced it will host a webcast and conference call on Friday, August 8, 2025, at 9:00 a.m. Eastern Time (ET) to discuss its second quarter 2025 financial results. Participating on the call will be President and Chief Executive Officer John Lowe and Chief Financial Officer Jeff Hochstadt. CPI Card Group's financial results for the second quarter will be released before the market opens on August 8, 2025. The press release and a slide presentation to accompany the earnings conference call will be available on the CPI Card Group investor website: CPI Card Group - Investor Relations ( The conference call may be accessed via telephone or online: U.S. dial-in number (toll-free): 888-330-3573 International: 646-960-0677 Conference ID: 8062733 Webcast Link: CPI Card Group Q2 Webcast or at Participants are advised to login for the webcast 10 minutes prior to the scheduled start time. A replay of the conference call will be available until August 15, 2025 at: U.S. and Canada (toll-free): 800-770-2030 International: 609-800-9909 Canada: 647-362-9199 Conference ID: 8062733 A webcast replay of the conference call will also be available on CPI Card Group Inc.'s Investor Relations website: About CPI Card Group Inc. CPI Card Group is a payments technology company providing a comprehensive range of payment cards and related digital solutions. With a focus on building personal relationships and earning trust, we help our customers navigate the constantly evolving world of payments, while delivering innovative solutions that spark connections and support their brands. We serve clients across industry, size, and scale through our team of experienced, dedicated employees and our network of high-security production and card services facilities, all located in the United States. CPI is committed to exceeding our customers' expectations, transforming our industry, and enhancing the way people pay every day. Learn more at
RTÉ News
17-06-2025
- Business
- RTÉ News
Everything you need to know about pension auto-enrolment
Auto-enrolment is a pension policy mechanism designed to increase participation in workplace pension schemes by automatically enrolling eligible employees, while employers also make a contribution. It aims to enhance retirement savings, reduce reliance on state support, and promote financial security for retirees. Ireland, like many other countries, has been exploring or implementing policies related to auto-enrolment for years to address demographic shifts, aging populations, and the need for sustainable pension systems. A time has been scheduled to implement a system in January 2026. John Lowe of states the facts. Background Ireland's pension system is a multi-pillar structure comprising the State Pension (contributory and non-contributory), occupational pensions, self-administered structures and voluntary personal savings. Historically, participation in occupational pensions has been voluntary, leading to concerns about low coverage rates, especially among low-income earners and those in smaller firms. In recent years, policymakers have recognised the need to bolster retirement savings and have considered auto-enrolment as a means to improve pension coverage. The rationale for auto-enrolment Several factors underpin the push toward auto-enrolment in Ireland: Ageing population. Ireland, like many European countries, faces demographic challenges with increasing life expectancy and declining birth rates, leading to a higher old-age dependency ratio. In 2021, for every retired person, there were five workers to fund the state pension. In 2051, there will only be two but three times the number of retired persons! Low Pension Coverage. Many Irish workers do not participate in occupational pension schemes, particularly those in small firms, part-time roles, or low-income brackets. Less than half the working population of Ireland have nothing to look forward to other than their state pension, if it is still there, then… Financial security. Ensuring adequate retirement income is vital to prevent older adults from relying excessively on state support or experiencing poverty. It has all to do with planning, and sadly, there is little of that when it comes to pensions in Ireland. Behavioural economics. Auto-enrolment leverages inertia and default effects, encouraging participation without requiring active opt-in decisions. Key features of auto-enrolment While Ireland has to wait until at least next January to adopt a full-scale auto-enrolment scheme, the core features typically associated with such systems include: 1. Automatic enrolment: eligible employees are automatically enrolled into a pension scheme upon starting employment unless they opt out. The minimum age is 23, and the maximum age will be 60. First year contribution is 1.5% of annual income (divided by 12) from both the employee and employer. It increases over the next 10 years four times to 6% each, with the government contributing 2% then a total of 14% after 10 years. 2. Opt-out provision: employees retain the right to opt out within a specified period, respecting individual choice. The mooted period is two years. 3. Contribution rates: both employer and employee contribute to the pension pot, with minimum contribution levels often specified as outlined above. 4. Default investment options: auto-enrolled members are usually placed in default investment funds aligned with their age and risk appetite. 5. Employer and government role: employers facilitate enrolment, while governments provide both incentives and regulatory frameworks to support the system. Current state of auto-enrolment in Ireland As of June 2025, Ireland has legislated for a nationwide auto-enrolment scheme comparable to the UK's Pensions Act 2008 to start in January 2026. However, several developments are noteworthy: Pension reform discussions: the Irish government has engaged in policy discussions about increasing pension coverage, with auto-enrolment now very much part of the agenda. Pilot schemes and studies: some pilot projects and research were conducted to assess feasibility, costs, and potential impacts. Regulatory environment: the Central Bank of Ireland and the Department of Social Protection oversee pension regulations, and any future auto-enrolment scheme that require legislative changes and regulatory oversight. Challenges and considerations Implementing auto-enrolment in Ireland involves various challenges: Cost and funding: determining who bears the costs - employers, employees, or government subsidies. Setting appropriate contribution levels to ensure adequacy without overburdening employers is also vital. Opt-out rates: understanding and managing opt-out rates is essential to ensure the scheme's effectiveness. Coverage and inclusivity: ensuring low-income workers, part-time employees, and those in small firms are adequately covered. Administration and infrastructure: developing the administrative capacity to manage auto-enrolment, contributions, and member communications. Financial education: providing adequate information to encourage informed decisions and long-term engagement. International lessons Ireland can draw valuable lessons from other countries' experiences: United Kingdom: the UK's auto-enrolment scheme, introduced in 2012, has significantly increased pension coverage. The UK model emphasises phased implementation, employer duties, and default options, which Ireland can adapt. Australia: the Superannuation Guarantee system mandates employer contributions with minimal opt-out, ensuring high coverage. Netherlands and Denmark: these countries have mature auto-enrolment systems with high participation rates, emphasising the importance of default funds, flexible contribution levels, and strong regulatory oversight. Potential benefits of auto-enrolment in Ireland Increased pension coverage: particularly among workers who might not actively participate in voluntary schemes. Enhanced retirement income: providing more substantial savings, reducing pension poverty. Economic stability: promoting long-term savings can contribute to economic resilience. Reduced reliance on state support: lessening the fiscal burden on the government. Potential risks and drawbacks Increased costs for employers: especially small firms, which might face administrative burdens. Participation fatigue: employees may opt out due to perceived costs or lack of understanding. Insufficient contributions: if contribution rates are low, pension pots may be inadequate. Market risks: members' investments are subject to market fluctuations, affecting retirement outcomes. Auto-enrolment represents a promising policy tool for Ireland to enhance pension coverage and ensure financial security for its ageing population. While the country has yet to fully implement a nationwide scheme – fingers crossed for next January - ongoing discussions, pilot projects, and international lessons point toward its potential benefits. Success will depend on careful design, stakeholder engagement, and addressing implementation challenges. As demographic trends continue to evolve, Ireland's proactive approach to pension reform, including auto-enrolment, could play a pivotal role in shaping a sustainable and inclusive pension system for future generations. If you'd like a more tailored focus or additional details on specific aspects of auto-enrolment in Ireland for you or your company, please let me know!
