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CompoSecure Inc. completed a business combination with Husky Technologies and rebranded the corporate entity as GPGI, Inc., a diversified multi-industry platform with CompoSecure and Husky reporting segments. Company announcements cover operating results, capital-structure actions, dividends, leadership changes, and corporate developments tied to the combined platform.
The CompoSecure segment centers on metal payment cards, security and authentication solutions, including Arculus digital-asset security capabilities and the Arculus Cold Storage App. Husky adds highly engineered equipment and aftermarket services used in injection molding systems for plastic products such as food and beverage containers, medical devices and consumer-electronic parts.
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CompoSecure (NASDAQ: CMPO) announces that Adam Lowe, Chief Innovation Officer of Arculus™, will speak at Bitcoin 2022 in Miami on April 8 at 11 AM ET. The panel titled “Hardware Wallets: Secure Bitcoin Storage” will focus on cryptocurrency security. Arculus will provide the first 25,000 attendees with custom-designed Arculus Key Cards, with a special edition for Whale Pass holders. Lowe emphasizes the importance of security for cryptocurrency adoption, aiming for a shift from early adopters to the early majority in the market.
CompoSecure, Inc. (NASDAQ:CMPO) reported fourth-quarter net sales of $75.3 million, a 40.2% increase year-over-year. Full-year net sales reached $267.9 million, aligning with guidance. Adjusted EBITDA for the year was $102.4 million, at the high end of guidance. The company launched Arculus, a next-generation cold storage wallet for digital assets. Net income for Q4 was $20 million, compared to $2.9 million in Q4 2020, with a gross margin of 52.2%. Full-year net income increased to $83.4 million from $77.8 million.
CompoSecure, Inc. is set to hold its fourth quarter 2022 earnings call on March 10, 2022, at 5:00 PM ET. Interested parties can register for the call through a webcast link or by phone. CompoSecure specializes in premium payment cards and cryptocurrency security solutions, aiming to enhance client brand equity and cardholder experience.
CompoSecure, Inc. (NASDAQ: CMPO) announced its participation in the 24th Annual Needham Virtual Growth Conference, scheduled for January 14, 2022, at 2:00 p.m. ET. The presentation will be delivered by President and CEO Jon Wilk and will be webcast live on the CompoSecure Investor Relations website. The company, founded in 2000, specializes in premium financial payment cards and emerging cryptocurrency storage solutions, aiming to enhance brand equity and user experience for affluent clients worldwide.