CompoSecure, Inc. reported a revenue increase of 8% for the fiscal year ending December 31, 2024, reaching $420.6 million compared to $390.6 million in 2023. This growth was primarily driven by a 7% rise in domestic sales, totaling $343.5 million, and an 11% increase in international sales, which amounted to $77.1 million. Despite the revenue growth, the company experienced a net loss of $83.2 million, a significant decline from the net income of $112.5 million reported in the previous year. The loss was attributed to a substantial increase in other expenses, primarily related to changes in the fair value of warrant and earnout liabilities, which surged to $188.6 million from $2.0 million in 2023.
In terms of operational changes, CompoSecure underwent a significant restructuring with the completion of the Resolute Transaction in September 2024, where Resolute Compo Holdings LLC acquired a majority stake in the company. This transaction led to the elimination of the dual-class share structure, with all Class B shares converted to Class A shares. Following this, the company also completed a spin-off of Resolute Holdings Management, Inc. on February 28, 2025, distributing shares to Class A stockholders. The spin-off is expected to enhance the marketability of both entities by allowing investors to separately evaluate their growth prospects.
The company’s employee headcount stood at approximately 1,000 as of March 1, 2025, reflecting its commitment to maintaining a skilled workforce amid ongoing operational changes. CompoSecure has also focused on expanding its product offerings, particularly through its Arculus technology, which aims to enhance digital security and authentication solutions. The company reported that it served over 150 card programs in 2024, a significant increase from approximately 60 in 2018, indicating a growing market presence.
Looking ahead, CompoSecure aims to accelerate organic growth by expanding its customer base and enhancing its product offerings. The company plans to leverage its strong cash flow generation capabilities to pursue strategic acquisitions that align with its core business. However, the management cautioned that ongoing economic uncertainties, including inflation and geopolitical tensions, could impact future performance. The company remains committed to improving operational efficiency and driving innovation in the payment card and digital asset storage markets.
About CompoSecure, Inc.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.