Welcome to our dedicated page for COMPOSECURE news (Ticker: CMPO), a resource for investors and traders seeking the latest updates and insights on COMPOSECURE stock.
CompoSecure Inc. (Nasdaq: CMPO) is a pioneer in secure payment solutions, specializing in premium metal cards and advanced authentication technologies. This news hub provides investors and industry professionals with timely updates on product innovations, financial performance, and strategic partnerships.
Access official press releases and curated analysis covering key developments, including metal payment card launches, Arculus platform enhancements, and collaborations with leading financial institutions. Our repository ensures you stay informed about CompoSecure’s role in combating payment fraud and enabling brand differentiation through secure, high-value solutions.
Regularly updated content spans earnings announcements, technology patents, and market expansion initiatives. Bookmark this page to monitor CompoSecure’s advancements in merging physical card durability with cutting-edge digital security—critical insights for understanding evolving fintech trends.
CompoSecure (Nasdaq: CMPO) has announced the integration of its Arculus Cold Storage Wallet with MoneyGram Access™, becoming the first hardware wallet to enable users to convert physical cash into USDC on the Stellar blockchain at MoneyGram locations. The integration allows cash withdrawals in local currency across MoneyGram's network of over 440,000 retail locations in more than 200 countries.
Additionally, CompoSecure received a grant from the Stellar Development Foundation (SDF) to develop Soroban smart contracts for DeFi Pay on Stellar. This development will enable users to make payments using stablecoins from self-custody wallets at any point-of-sale terminal accepting Visa or Mastercard, bridging the gap between digital assets and traditional commerce.
CompoSecure's global survey reveals metal payment cards as a powerful tool for financial institutions to attract and retain high-value customers. The study, conducted by Capuchin Behavioural Science across 17 markets with 21,250 respondents, shows:
- 68% would choose a bank offering metal cards over competitors
- 73% would pay extra for a metal payment card
- 52% awareness of metal cards globally, up 11% from 2021
Banks issuing metal cards are perceived as: innovative (74%), environmentally conscious (70%), prestigious (67%), and secure (64%). The cards particularly appeal to ultra-high-net-worth individuals, with 87% preferring metal cards and 96% willing to pay extra for them. The survey also highlighted strong appeal in specific markets, with India (90%), Turkey (86%), and Indonesia (84%) showing the highest preference rates. Notably, 63% of respondents would choose eco-friendly payment cards, aligning with CompoSecure's products made from 65% post-consumer recycled steel.
Circular Protocol has announced a groundbreaking partnership with Arculus by CompoSecure (CMPO) and IT Lab to create the first blockchain-compliant ecosystem for healthcare providers. The initiative focuses on enhancing digital transparency and protection in global healthcare through blockchain technology.
The system integrates Arculus Authentication into Circular's MedTech device, providing healthcare facilities with physical cards containing private keys. These cards enable authorized personnel to digitally sign procedures and transactions on the Circular blockchain through a simple tap-to-computer interface.
Through the partnership with IT Lab, over 8,000 Italian pharmacies will record medical exams on-chain via the 'Smart Share' white label platform. The system is set to launch in both Italy and the U.S. market in Q2 2025, requiring no cryptocurrency or wallet ownership. The initiative aims to create a decentralized, secure healthcare system while maintaining standard clinical exam costs.
CompoSecure (NASDAQ: CMPO) reported strong financial results for Q4 and FY 2024. Full-year net sales grew 8% to $420.6 million, driven by 7% domestic and 11% international growth. The company generated robust cash flow, with operating cash flow up 24% to $129.6 million and free cash flow increasing 62% to $84.9 million.
Q4 2024 highlights include net sales of $100.9 million (+1% YoY) and gross profit of $52.5 million (52.1% margin). The company reported a Q4 net loss of $48.4 million, primarily due to warrant liabilities valuation changes. For full-year 2024, adjusted EBITDA grew 4% to $151.4 million.
Notable achievements include reducing net debt by 60% to $120 million and completing the spin-off of Resolute Holdings on February 28, 2025. Looking ahead, CompoSecure projects mid-single digit growth for both net sales and adjusted EBITDA in 2025.
CompoSecure (Nasdaq: CMPO), a leader in metal payment cards and security solutions, has completed the spin-off of its subsidiary Resolute Holdings (Nasdaq: RHLD) as of February 28, 2025. The separation terms dictate that CompoSecure stockholders of record as of February 20, 2025, received one share of Resolute Holdings stock for every twelve shares of CompoSecure stock held. The distribution will be treated as a taxable dividend for shareholders under U.S. federal, state, and local tax purposes. Resolute Holdings begins trading on Nasdaq under 'RHLD' while CompoSecure continues under 'CMPO'.
CompoSecure (Nasdaq: CMPO), a leader in metal payment cards, security, and authentication solutions, has announced its upcoming fourth quarter and full year 2024 financial results conference call. The event is scheduled for Wednesday, March 5, 2025, at 5:00 p.m. EST.
The company will release its financial results via press release before the call. The conference will be hosted by key executives including Executive Chairman David Cote, President & CEO Jon Wilk, and CFO Tim Fitzsimmons, followed by a Q&A session.
Participants are encouraged to register at least 15 minutes before the start time. The event will be accessible through both dial-in and webcast options, with a replay available on the company's investor relations website at ir.composecure.com/news-events/events. Technical support is available through Elevate IR at (720) 330-2829.
CompoSecure (NASDAQ: CMPO) has announced two major developments: a spin-off of its subsidiary Resolute Holdings and an expanded share repurchase program. The Board approved increasing the share buyback authorization from $40 million to $100 million.
The spin-off details include: a record date of February 20, 2025, distribution ratio of one Resolute Holdings share for every twelve CompoSecure shares, and expected trading of Resolute Holdings on Nasdaq under 'RHLD' starting February 28, 2025. The transaction will be taxable for both CompoSecure and its shareholders.
CompoSecure also released preliminary FY 2024 results with net sales of $420.6 million, aligned with previous guidance of $418-424 million. Net income is expected between $(89.2) to $(87.7) million, with adjusted EBITDA ranging from $149.4 to $151.4 million, meeting guidance of $148-151 million. Resolute Holdings anticipates profitability in FY 2025 as it establishes operations.
CompoSecure (NASDAQ: CMPO) has announced plans to spin off Resolute Holdings Management, a new subsidiary focused on alternative asset management. The spin-off will distribute shares proportionally to existing CompoSecure shareholders. Resolute Holdings will provide management services to CompoSecure for a quarterly fee of 2.5% of CompoSecure's Latest Twelve Months' Adjusted EBITDA.
The new entity will be led by David Cote as Executive Chairman and Tom Knott as CEO, while CompoSecure's current management team under CEO Jon Wilk will continue operating the core business. The transaction, expected to complete in Q1 2025, will be taxable for both CompoSecure and shareholders. Resolute Holdings will trade on Nasdaq under ticker 'RHLD' and expects profitability in FY2025 as it establishes operations.
CompoSecure (Nasdaq: CMPO), a leader in metal payment cards and security solutions, received significant recognition in 2024 with 9 awards and 11 finalist honors across various sectors. Notable achievements include three wins at the ICMA Élan Awards for the BMW i Precision Card, Rogers Bank metal credit card, and IndusInd Bank Avios Visa Infinite Credit Card.
The company secured three victories at The Digital Banker's Global Cards & Payments Innovation Awards, including awards for CEO Jon Wilk as Payment Professional of the Year, Best Security Initiative for Arculus, and Best Payments Solution for their Echo Mirror™ Card. Additional honors include NJBIZ Awards for CFO Tim Fitzsimmons and General Counsel Steve Feder, plus a Tech Leadership recognition for CEO Jon Wilk at the Banking Tech Awards USA.
CompoSecure and PYMNTS Intelligence released the industry's first tap-to-authenticate report, revealing critical security challenges in financial institutions (FIs). The study shows that 87% of FIs experienced an increase in stolen credentials amid rising fraud cases. 69% of FIs are prioritizing authentication system improvements, with 77% considering tap-to-authenticate metal cards.
The report, based on data from 200 financial institution executives, highlights that among FIs using metal cards, 96% expect improved customer experience and loyalty, 92% see ROI potential, and 84% anticipate higher profits and improved security with tap-to-authenticate technology. CompoSecure's Arculus Authenticate solution offers a dual-function card serving as both authentication passkey and payment card.
