CompoSecure, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 04:06 pm EST
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CompoSecure, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 96.89 million compared to USD 103.31 million a year ago. Net income was USD 7.48 million compared to USD 2.82 million a year ago. Basic earnings per share from continuing operations was USD 0.39 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.34 compared to USD 0.18 a year ago.
For the nine months, sales was USD 290.73 million compared to USD 284.69 million a year ago. Net income was USD 15.84 million compared to USD 15.49 million a year ago. Basic earnings per share from continuing operations was USD 0.86 compared to USD 1.02 a year ago. Diluted earnings per share from continuing operations was USD 0.75 compared to USD 0.94 a year ago.
CompoSecure, Inc. is a technology partner to fintechs and consumers around the globe. The Company is a provider of premium financial payment cards and cryptocurrency and digital asset storage and security solutions. Its payment card technology and metal cards with Arculus security and authentication capabilities delivers premium branded experiences, enable people to access and use their financial and digital assets, and ensure trust at the point of a transaction. The Company designs and manufactures metal cards, which includes contact and dual interface cards. Its primary metal form factors include Embedded Metal, Metal Veneer Lite, Metal Veneer and Full Metal. The Arculus platform is offered through partner-branded solutions, which include a partner-branded version of the Arculus Key card, as well as some or all of the Arculus Cold Storage Wallet and other Arculus products and/or services. Its clients include international and domestic banks, and other credit card issuers.