CompoSecure Inc
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 5, 2025
GPGI$14.95-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
COMPOSECURE, INC.
Consolidated Statements of Operations
($ in thousands except per share amounts)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net sales | $420,571 | $390,629 | $378,476 |
| Cost of sales | 201,344 | 181,547 | 158,832 |
| Gross profit | 219,227 | 209,082 | 219,644 |
| Operating expenses: | |||
| Selling, general and administrative expenses | 111,605 | 89,995 | 104,749 |
| Income from operations | 107,622 | 119,087 | 114,895 |
| Other (expense) income: | |||
| Revaluation of warrant liability | (95,937) | 8,047 | 18,930 |
| Revaluation of earnout consideration liability | (76,305) | 14,237 | 23,337 |
| Change in fair value of derivative liability - convertible notes redemption make-whole provision | 425 | (139) | 266 |
| Interest income | 4,648 | 4,977 | 1,249 |
| Interest expense | (20,176) | (27,525) | (21,378) |
| Loss on extinguishment of debt | (148) | — | — |
| Amortization of deferred financing costs | (1,104) | (1,608) | (2,415) |
| Other income | — | — | 1,291 |
| Total other (expense) income, net | (188,597) | (2,011) | 21,280 |
| (Loss) income before income taxes | (80,975) | 117,076 | 136,175 |
| Income tax expense | (2,187) | (4,556) | (4,360) |
| Net (loss) income | $(83,162) | $112,520 | $131,815 |
| Net (loss) income attributable to redeemable non-controlling interests | $(29,443) | $93,281 | $113,158 |
| Net (loss) income attributable to CompoSecure, Inc. | $(53,719) | $19,239 | $18,657 |
| Net (loss) income per share attributable to Class A common stockholders - basic | $(1.22) | $1.03 | $1.21 |
| Net (loss) income per share attributable to Class A common stockholders - diluted | $(1.22) | $0.96 | $1.13 |
| Weighted average shares used to compute net (loss) income per share attributable to Class A common stockholders - basic | 44,012 | 18,661 | 15,372 |
| Weighted average shares used to compute net (loss) income per share attributable to Class A common stockholders - diluted | 44,012 | 35,312 | 32,555 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.