(RTTNews) - CompoSecure, Inc. (CMPO) announced Loss for its third quarter of -$174.7 million
The company's earnings came in at -$174.7 million, or -$1.58 per share. This compares with -$85.5 million, or -$1.10 per share, last year.
The company's revenue for the period rose 12.9% to $120.9 million from $107.1 million last year.
CompoSecure, Inc. earnings at a glance (GAAP) :
-Earnings: -$174.7 Mln. vs. -$85.5 Mln. last year. -EPS: -$1.58 vs. -$1.10 last year. -Revenue: $120.9 Mln vs. $107.1 Mln last year.
This net loss reflects noncash items related to the revaluation of warrant and earn- out liabilities.
Excluding items, however, the company’s third-quarter earnings beat Street view.
For the third quarter, CompoSecure recorded adjusted profit of $34 million, or $0.29 per share, higher than $24.3 million, or $0.23 per share, in the same period last year. On average, 5 analysts polled had projected a profit of $0.26 per share for the quarter. Analysts’ estimates typically exclude special items.
Jon Wilk, CEO of CompoSecure, said: “CompoSecure’s third quarter performance exceeded expectations across all key metrics, driven by strong customer demand, expansion of existing programs, new client wins, and significant operating improvements.”
CMPO was up by 3.57% at $20.58 in the pre-market trade on the New York Stock Exchange.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
