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 ...

Core Insights - CompoSecure has launched innovative initiatives aimed at sustainability, including a waterless cleaning process that reduced water usage by 31.5% in 2023 [1] - The company has introduced a card return and recycling program to promote closed-loop material use, allowing US-based customers to securely dispose of and reuse card materials [1] - CompoSecure actively engages in community support, addressing issues such as food insecurity and mental health through volunteerism and financial aid [1][5] ESG Initiatives - The company published its inaugural 2023 ESG annual report, showcasing its commitment to sustainability through its premium metal payment cards, which are made of 65% post-consumer recycled stainless steel [3][5] - CompoSecure's metal payment cards are noted for their durability and longer product lifespan compared to plastic cards, aligning with the company's ESG goals [5] - The company continuously reviews and adapts its operational activities to ensure positive outcomes for customers, employees, communities, and stakeholders [5]

"Innovation is the cornerstone of our business strategy. We are proud to have created the metal payment card market which helps our customers drive consumer acquisition, retention, and satisfaction. We also believe a card can do more and we have added additional capabilities to payment cards, such as security and digital asset management," stated Jon Wilk, President and CEO of CompoSecure. "I am excited to receive this award and thank our exceptional team, partners and customers, whose relentless pursuit of ...

Core Insights - CompoSecure, Inc. has been recognized for its innovative contributions to the financial services sector, with CEO Jon Wilk receiving the Tech Leadership Award for Visionary CEO at the Banking Tech Awards USA [1][2] Company Overview - CompoSecure, founded in 2000, specializes in metal payment cards and security solutions, aiming to enhance consumer trust and experience in both physical and digital transactions [5] - The company has established itself as a technology partner for market leaders and fintechs, focusing on delivering premium branded experiences and ensuring security at transaction points [5] Leadership and Innovation - Jon Wilk, with over 20 years of experience in banking and payments, has played a crucial role in transforming CompoSecure into a fintech disruptor, particularly through the adoption of premium metal payment cards [4] - Under Wilk's leadership, CompoSecure continues to innovate, particularly with its Arculus technology, which enhances security for digital assets [4]

Arculus is actively engaging with PoS vendors, merchants and other key stakeholders in the Web3 ecosystem to enhance and drive a seamless customer experience for the self-custody community. For more information, please visit GetArculus.com/business-solutions. AUSTIN, Texas, May 28, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, today announced expanded capabilities that enable Web3 payments for everyday purchases through the ...

Core Insights - CompoSecure, Inc. has been awarded the 2024 Élan Award of Excellence in three categories: Best Metal Cards, Environmentally-Friendly Cards, and Best Secure Payment Cards, highlighting its leadership in the metal payment card industry [1][2]. Company Achievements - The company has won a total of 18 Élan Awards and has been a finalist 21 times since the awards began in 2012, showcasing its consistent excellence in card design and manufacturing [2]. - CompoSecure's CEO, Jon Wilk, emphasized the company's commitment to innovation, sustainability, and security in payment solutions, aligning with market demands for eco-friendly products [2]. Product Highlights - The BMW i Precision Card, recognized in the Best Metal category, is made from 65% recycled stainless steel and features a unique design that reflects modernity and sustainability [5]. - The Rogers Bank metal credit card, awarded in the Environmentally-Friendly category, is also made from 65% post-consumer recycled stainless steel and is carbon neutral during production [5]. - The IndusInd Bank Avios Visa Infinite Credit Card, awarded for Best Secure Payment Card, showcases a collaborative design process that emphasizes tactile features and visual appeal [5]. - CompoSecure's Lux Glass prototype was a finalist in the Unique Innovation category, combining stainless steel and Corning® Gorilla® Glass for enhanced design capabilities [5]. - The Taco Bell gift card was a finalist in the Best Loyalty, Promotion, Gift Card category, featuring a striking design that enhances brand visibility [5]. Industry Context - The Élan Awards, organized by the International Card Manufacturers Association (ICMA), recognize excellence in card manufacturing and innovation, with over 130 entries this year [2][3]. - ICMA serves as a global trade association for card manufacturers and related industry participants, focusing on production, technology, application, security, and environmental issues in the card industry [3].