CompoSecure (NASDAQ:CMPO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$108.6m (up 10% from 2Q 2023).

• Net income: US$11.1m (up 94% from 2Q 2023).

• Profit margin: 10% (up from 5.8% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$0.44 (up from US$0.31 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CompoSecure Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 73%.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Tech industry in the US.

Performance of the American Tech industry.

The company's shares are up 22% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for CompoSecure (of which 2 are a bit concerning!) you should know about.

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