CompoSecure Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
GPGI$14.95-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations (Unaudited)
COMPOSECURE, INC.
Consolidated Statements of Operations (Unaudited)
($ in thousands, except per share amounts)
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $107,135 | $96,886 | $319,712 | $290,729 |
| Cost of sales | 51,727 | 47,990 | 153,019 | 134,542 |
| Gross profit | 55,408 | 48,896 | 166,693 | 156,187 |
| Operating expenses: | ||||
| Selling, general and administrative expenses | 26,316 | 20,095 | 74,673 | 67,627 |
| Income from operations | 29,092 | 28,801 | 92,020 | 88,560 |
| Other (expense) income: | ||||
| Revaluation of earnout consideration liability | (34,530) | 6,319 | (34,060) | 10,540 |
| Revaluation of warrant liability | (74,418) | 9,739 | (76,211) | 1,771 |
| Change in fair value of derivative liability - convertible notes redemption make-whole provision | 544 | 149 | 425 | (364) |
| Interest expense, net | (5,136) | (5,696) | (15,871) | (17,067) |
| Loss on extinguishment of debt | (148) | — | (148) | — |
| Amortization of deferred financing costs | (249) | (314) | (908) | (1,288) |
| Total other (expense) income, net | (113,937) | 10,197 | (126,773) | (6,408) |
| (Loss) income before income taxes | (84,845) | 38,998 | (34,753) | 82,152 |
| Income tax (expense) | (629) | (949) | (51) | (656) |
| Net (loss) income | $(85,474) | $38,049 | $(34,804) | $81,496 |
| Net (loss) income attributable to redeemable non-controlling interests | $(43,414) | $30,574 | $(18,414) | $65,653 |
| Net (loss) income attributable to CompoSecure, Inc. | $(42,060) | $7,475 | $(16,390) | $15,843 |
| Net (loss) income per share attributable to Class A common stockholders - basic | $(1.10) | $0.39 | $(0.58) | $0.86 |
| Net (loss) income per share attributable to Class A common stockholders - diluted | $(1.10) | $0.34 | $(0.58) | $0.75 |
| Weighted average shares used to compute net (loss) income per share attributable to Class A common stockholders - basic (in thousands) | 38,212 | 19,075 | 28,110 | 18,420 |
| Weighted average shares used to compute net (loss) income per share attributable to Class A common stockholders - diluted (in thousands) | 38,212 | 35,765 | 28,110 | 35,362 |
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