SOMERSET, N.J., Oct. 28, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (Nasdaq: CMPO), a leader in metal payment cards, security, and authentication solutions, today announced it achieved ISO/IEC 27001 certification for its premium card manufacturing operations. ISO/IEC 27001 is the globally recognized information security management system (ISMS) standard. It sets out the criteria for organizations to ensure the confidentiality, integrity and availability of sensitive information, offering rigorous standards ...

SOMERSET, N.J., Oct. 25, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (Nasdaq: CMPO), a leader in metal payment cards, security, and authentication solutions, will host a conference call on Friday, November 8, 2024, at 8:30 a.m. Eastern Standard Time (EST) to discuss its financial results for the third quarter ended September 30, 2024. The Company's results will be reported in a press release prior to the call. CompoSecure's Executive Chairman David Cote, President & CEO Jon Wilk, and CFO Tim Fitzsimmons will ...

SOMERSET, N.J., Oct. 21, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (Nasdaq: CMPO), a leader in metal payment cards, security, and authentication solutions, is pleased to announce the appointment of Dr. Krishna Mikkilineni to its Board of Directors (“Board”), effective today. Dr. Mikkilineni brings a wealth of experience in operations and technology, along with a proven ability to deliver success for leading global organizations such as Honeywell. “With the addition of Dr. Mikkilineni we continue to strengt ...

NEW YORK and SOMERSET, N.J., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Resolute Holdings I, LP and its affiliated vehicles ("Resolute"), an investment firm under the leadership of David Cote and Tom Knott, and CompoSecure, Inc. (Nasdaq: CMPO) ("CompoSecure") today announced the closing of Resolute's acquisition of a majority interest in CompoSecure in accordance with the stock purchase agreements among Resolute and certain shareholders of CompoSecure. In conjunction with the closing, David Cote has been appointed ...

daboost/iStock via Getty Images Today, we are puting Composecure, Inc. (NASDAQ:CMPO) in the spotlight for the tirst tine since our last article on this smil-cap nane lato in 2022. The stock has recently c transformational announcement, which also has played a key role in the recent tise in the stock. Can the momentum continue for CompoSecure? An analysis follows below. Published on TradingView.com, Aug 12, 2024 17:25 UTC-4 CompoSecure, Inc., 1W, Cboe One 10.67 +0.29 (+2.79%) Vol 3.601 M 3 9.00 8.00 7.00 6.0 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol Name of each exchange on which registered Class A Common Stock, $0.0001 par value per share CMPO The Nasdaq Global Market Redeemable Warrants, each whole warrant exercisable for one share of Class A Common Stock CMPOW The Nasdaq Global Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ T ...

CompoSecure, Inc. (NASDAQ:CMPO) Q2 2024 Results Conference Call August 7, 2024 5:00 PM ET Company Participants Sean Mansouri - IR Jon Wilk - CEO Tim Fitzsimmons - CFO Conference Call Participants Brian Vieten - Needham Cassie Chan - Bank of America Jacob Stephan - Lake Street Capital Markets Charles Pearce - JP Morgan Operator Good day, and thank you for standing by. Welcome to the CompoSecure Q2 2024 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, ...

Financial Performance - Q2 2024 Net Sales increased by 10% to $108.6 million compared to $98.5 million in Q2 2023[3] - Q2 2024 Adjusted EBITDA rose by 8% to $40.0 million, up from $36.9 million in the same period last year[5] - Net Income for Q2 2024 increased by 3% to $33.6 million, with Adjusted Net Income rising by 10% to $25.2 million[4] - Net sales for the three months ended June 30, 2024, were $108,567,000, representing a 10.4% increase from $98,527,000 for the same period in 2023[15] - Net income for the six months ended June 30, 2024, was $50,670,000, compared to $43,447,000 for the same period in 2023, reflecting a 16.0% increase[16] - Adjusted EBITDA for the six months ended June 30, 2024, was $77,750, up from $72,345 in the same period of 2023, reflecting a growth of 7.4%[17] - Adjusted net income per share (basic) increased to $0.31 in Q2 2024 from $0.29 in Q2 2023, a rise of 6.9%[18] - Adjusted net income for Q2 2024 was $25,165, compared to $22,898 in Q2 2023, representing a growth of 9.9%[18] Guidance and Projections - Fiscal 2024 guidance for Net Sales is now narrowed to between $418-$428 million, and Adjusted EBITDA is expected to range between $150-$157 million[8] Cash and Debt Management - The company has $35.4 million in cash and cash equivalents and total debt of $330.9 million as of June 30, 2024[6] - Total current assets decreased to $136,481,000 as of June 30, 2024, from $139,377,000 as of December 31, 2023[13] - Total liabilities increased to $422,471,000 as of June 30, 2024, compared to $406,814,000 as of December 31, 2023[13] - Cash and cash equivalents decreased to $35,391,000 as of June 30, 2024, from $41,216,000 as of December 31, 2023[16] - The secured debt leverage ratio improved to 1.29x at June 30, 2024, down from 1.39x at December 31, 2023[6] - The current portion of long-term debt increased to $13,437,000 as of June 30, 2024, from $10,313,000 as of December 31, 2023[13] - The accumulated deficit improved to $(766,719,000) as of June 30, 2024, from $(846,825,000) as of December 31, 2023[13] Operating Expenses and Income - Operating expenses for the six months ended June 30, 2024, totaled $149,649,000, up from $134,084,000 for the same period in 2023[15] - Interest expense for the six months ended June 30, 2024, was $11,394, down from $12,345 in the same period of 2023, a decrease of 7.7%[17] - Income tax expense for Q2 2024 was $(6,982), compared to $(6,190) in Q2 2023, reflecting an increase of 12.8%[18] Strategic Initiatives - CompoSecure expanded its partnership with Fiserv to market and resell Arculus Authenticate capabilities[8] - The company launched new customer card programs, including the Wells Fargo Expedia Onekey Card and the Amex White Gold Card[8] - David Cote Family is investing $372 million, and David Cote will become the executive chairman of CompoSecure[2] Stock and Shareholder Information - The company reported a basic net income per share attributable to Class A common stockholders of $0.74 for the six months ended June 30, 2024, compared to $0.45 for the same period in 2023[15] - Total shares outstanding used in computing diluted adjusted net income per share was 91,735 for Q2 2024, compared to 90,581 in Q2 2023, indicating an increase of 1.3%[18] - Stock-based compensation expense for Q2 2024 was $5,238, up from $4,393 in Q2 2023, marking a 19.2% increase[18] Market Adjustments - Mark-to-market adjustments for Q2 2024 were $(7,710), an improvement from $(9,180) in Q2 2023, showing a reduction of 16.0%[17] - The company incurred secondary offering transaction costs of $586 in Q2 2024, with no such costs reported in Q2 2023[18]

Company Overview - CompoSecure, Inc. is a leader in metal payment cards, security, and authentication solutions [1] - Founded in 2000, the company serves market leaders, fintechs, and consumers, providing trust for millions globally [4] - CompoSecure combines elegance, simplicity, and security to enhance user experiences in both physical and digital transactions [4] Upcoming Conference Call - CompoSecure will host a conference call on August 7, 2024, at 5:00 p.m. Eastern time to discuss its financial results for Q2 2024 [1] - A press release with the financial results will be issued prior to the call [1] - The call will include a question-and-answer session following the management's presentation [1] Registration and Access - Participants are encouraged to register at least 15 minutes before the call [2] - A live webcast of the conference call will be available, with registration links provided [2] - A replay of the conference call will be accessible on the investor relations section of the company's website [3]

SOMERSET, N.J., June 19, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (Nasdaq: CMPO), a leader in metal payment cards, security, and authentication solutions, announced that it published its inaugural 2023 ESG annual report. About CompoSecure Corporate Contact Anthony Piniella Head of Communications, CompoSecure (908) 898-8887 apiniella@composecure.com CompoSecure's ESG initiatives over the past year included: You can find out more about CompoSecure's sustainability efforts on the Company's ESG website. Found ...