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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CompoSecure's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CompoSecure's position in the market.
CompoSecure, Inc. announced a partnership with Robinhood Markets, Inc. and Fiserv to create the premier Robinhood Gold Card, a leading payment card program with unique features and rewards. The collaboration aimed to deliver a card that combined starter card capabilities with premium design, family-focused digital features, and bleeding-edge functionalities. CompoSecure successfully met the challenge by producing a metal veneer card with a gold color coating and mechanical engraving, as well as a -edition version made of 10 karat solid gold, weighing 36 grams. The partnership showcases CompoSecure's ability to innovate and deliver exceptional products in the payment card industry.
CompoSecure, Inc. announced the pricing of a secondary offering of 7,000,000 shares of its Class A common stock by certain Selling Shareholders at $6.50 per share, totaling $45,500,000 million in gross proceeds. The Company will not receive any proceeds from the sale. The Offering is expected to close on May 13, 2024, with J.P. Morgan, BofA Securities, and TD Cowen as the joint book-running managers.
CompoSecure, Inc., a leader in metal payment cards, security, and authentication solutions, announced the launch of a secondary offering of 7,000,000 shares of Class A common stock by certain selling shareholders. The underwritten public offering includes a grant of an additional 1,050,000 shares to underwriters. The Company will not receive any proceeds from the sale of shares. J.P. Morgan, BofA Securities, and TD Cowen are the joint book-running managers for the offering. The Offering is made under an existing resale registration statement and preliminary prospectus supplement.
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.