CompoSecure Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
GPGI$14.95-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets (Unaudited)
COMPOSECURE, INC.
Consolidated Balance Sheets
($ in thousands, except par value and share amounts)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Unaudited | ||
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $52,674 | $41,216 |
| Accounts receivable, net | 43,799 | 40,488 |
| Inventories, net | 55,090 | 52,540 |
| Prepaid expenses and other current assets | 5,248 | 5,133 |
| Total current assets | 156,811 | 139,377 |
| Property and equipment, net | 23,062 | 25,212 |
| Right of use assets, net | 5,929 | 7,473 |
| Deferred tax asset | 245,102 | 23,697 |
| Derivative asset - interest rate swap | 2,775 | 5,258 |
| Deposits and other assets | 1,762 | 24 |
| Total assets | $435,441 | $201,041 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 9,692 | 5,193 |
| Accrued expenses | 13,473 | 11,986 |
| Commission payable | 2,967 | 4,429 |
| Bonus payable | 7,732 | 5,616 |
| Current portion of long-term debt | 10,000 | 10,313 |
| Current portion of lease liabilities | 2,070 | 1,948 |
| Current portion of earnout liability | 18,527 | 60 |
| Current portion of tax receivable agreement liability | 122 | 1,425 |
| Total current liabilities | 64,583 | 40,970 |
| Long-term debt, net of deferred finance costs | 188,149 | 198,331 |
| Convertible notes | 128,220 | 127,832 |
| Derivative liability - convertible notes redemption make-whole provision | — | 425 |
| Warrant liability | 84,505 | 8,294 |
| Lease liabilities, operating | 4,490 | 6,220 |
| Tax receivable agreement liability | 234,117 | 23,949 |
| Earnout consideration liability | 16,386 | 793 |
| Total liabilities | 720,450 | 406,814 |
| Commitments and contingencies (Note 13) | ||
| Redeemable non-controlling interest | — | 596,587 |
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding | — | — |
| Class A common stock, $0.0001 par value; 250,000,000 shares authorized, 82,677,354 and 19,415,123 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively. | 8 | 2 |
| Class B common stock, $0.0001 par value; 75,000,000 shares authorized, no shares and 59,958,422 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively. | — | 6 |
| Additional paid-in capital | 180,356 | 39,466 |
| Accumulated other comprehensive income | 2,569 | 4,991 |
| Accumulated deficit | (467,942) | (846,825) |
| Total stockholders' deficit | (285,009) | (802,360) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $435,441 | $201,041 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.