CPI Card Group Inc. (NASDAQ:PMTS) Q4 2022 Earnings Call Transcript

Amintore Schenkel: Yes. We don’t really provide a specific breakdown as it relates to those items. But clearly as we think about kind of the expenditures that we have for capital, it’s typically always a mix of making sure that our capital stays current, our equipment stays current, but then also investing for future items as well. One thing that we’ve noted previously is that we did increase our ability to produce by 50% during 2022, and that was definitely a reason for some of the increase in the capital spend. But as you might imagine, in a business like ours, there’s also a renewal that has to take place as test time goes on as well.

Parsa Kiai: Okay. Got it. Amintore, thank you for all your contribution, and good luck with everything. And I’ll speak with you gentlemen shortly offline.

Scott Scheirman: Sounds good. Thank you.

Mike Salop: Parsa, thanks.

Parsa Kiai: Thank you.

Mike Salop: See you.

Operator: Thank you. We have no further questions on the conference. I will now hand back to the CPI team for closing remarks.

Mike Salop: Okay. Thanks everyone for joining us. Hope you have a good day, and that ends our call.

Operator: Thank you. Ladies and gentlemen, this concludes today’s call. Thank you for joining. You may now disconnect your lines.