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, Inc. (Nasdaq: CMPO) reported record first-quarter 2024 financial results, with Q1 net sales up 9% to $104.0 million, net income up 59% to $17.1 million, and adjusted EBITDA up 6% to $37.8 million. The company declared a special cash dividend of $0.30 per share, reflecting a strong start in 2024 driven by domestic business momentum and high-profile customer programs. CompoSecure ended the quarter with a cash balance of $55 million, doubled from a year ago. Operational highlights include strong domestic growth, new card programs, and product enhancements. The company's liquidity and capital structure remained strong, with $55.1 million in cash and cash equivalents and a secured debt leverage ratio of 1.34x at March 31, 2024. Overall, CompoSecure's financial outlook for 2024 remains positive, reiterating full-year guidance for net sales between $408-$428 million and adjusted EBITDA between $147-$157 million.
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