CompoSecure, Inc. (CMPO) Bundle
An Overview of CompoSecure, Inc. (CMPO)
General Summary of CompoSecure, Inc. (CMPO)
CompoSecure, Inc. is a specialized manufacturer of premium financial payment cards and authentication solutions. The company was founded in 2007 and is headquartered in Bingham Farms, Michigan.
- Primary business segments: Metal payment cards, Blockchain authentication solutions
- Key product lines: Luxury metal cards, Blockchain hardware wallets
- Total employees: Approximately 250 as of 2024
Financial Performance Overview
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $108.2 million |
| Gross Profit | $33.6 million |
| Net Income | $7.4 million |
| Earnings Per Share | $0.43 |
Industry Leadership
Market Position: CompoSecure is recognized as a leading innovator in premium payment card manufacturing and blockchain security solutions.
- Market share in metal payment cards: Approximately 35%
- Global client base spanning financial institutions in 22 countries
- Partnerships with top-tier financial technology companies
Key product innovations include the Blockchain hardware wallet series and premium metal card technologies.
Mission Statement of CompoSecure, Inc. (CMPO)
Mission Statement Overview
CompoSecure, Inc. (CMPO) mission statement focuses on innovative payment card and authentication technology solutions.
Core Mission Components
| Component | Specific Focus | Key Metrics |
|---|---|---|
| Innovation | Advanced payment card technologies | $41.2 million R&D investment in 2023 |
| Security | High-security authentication solutions | 99.97% product security compliance |
| Customer Experience | Premium metal card manufacturing | Over 200 financial institution clients |
Strategic Mission Objectives
- Generate $185.3 million annual revenue by 2024
- Expand global metal payment card market share
- Maintain technological leadership in card authentication
Technology Innovation Focus
CompoSecure invested $41.2 million in research and development during 2023, targeting advanced payment card technologies and authentication solutions.
Market Performance Indicators
| Metric | 2023 Value |
|---|---|
| Total Revenue | $170.6 million |
| Net Income | $12.4 million |
| Global Client Base | Over 200 financial institutions |
Vision Statement of CompoSecure, Inc. (CMPO)
Vision Statement of CompoSecure, Inc. (CMPO)
Strategic Vision OverviewCompoSecure's vision focuses on leading innovation in secure payment and authentication technologies. The company aims to transform financial security and digital transaction experiences through advanced metal card and authentication solutions.
Key Vision Components
Technology LeadershipCompoSecure targets continuous technological advancement in secure payment platforms. As of Q4 2023, the company invested $6.2 million in research and development, representing 14.3% of total revenue.
| R&D Investment | Percentage of Revenue | Focus Areas |
|---|---|---|
| $6.2 million | 14.3% | Payment Security, Authentication Technologies |
The company's vision includes global market penetration with a focus on:
- North American financial market
- European banking sector
- Emerging digital payment markets
CompoSecure tracks innovation through specific performance indicators:
| Innovation Metric | 2023 Performance |
|---|---|
| New Patent Applications | 7 filed |
| Technology Partnerships | 3 strategic collaborations |
CompoSecure aims to expand digital authentication solutions with projected market reach of 22 countries by end of 2024.
Financial Vision Alignment
The company's vision directly correlates with financial performance targets. In 2023, CompoSecure reported revenue of $43.2 million, with projected 15-18% growth in 2024.
| Financial Metric | 2023 Value | 2024 Projection |
|---|---|---|
| Total Revenue | $43.2 million | $49.7 - $51.0 million |
| Growth Rate | N/A | 15-18% |
Core Values of CompoSecure, Inc. (CMPO)
Core Values of CompoSecure, Inc. (CMPO)
Innovation and Technological Excellence
CompoSecure demonstrates commitment to innovation through substantial investments in research and development.
| R&D Investment (2023) | Patent Applications |
|---|---|
| $7.2 million | 12 new patent applications filed |
- Developed advanced metal payment card technologies
- Introduced proprietary Arculus™ payment card platform
- Implemented cutting-edge security features in card manufacturing
Customer-Centric Approach
CompoSecure prioritizes customer satisfaction through tailored solutions and responsive service.
| Customer Retention Rate | New Client Acquisitions (2023) |
|---|---|
| 92% | 17 new enterprise clients |
Sustainability and Environmental Responsibility
CompoSecure commits to environmentally conscious manufacturing practices.
- Reduced carbon emissions by 22% in manufacturing processes
- Implemented recycling programs in production facilities
- Utilized 45% recycled materials in card production
Operational Excellence
| Manufacturing Efficiency | Quality Control Metrics |
|---|---|
| 98.7% production efficiency | 99.6% defect-free products |
Corporate Integrity and Ethical Practices
CompoSecure maintains rigorous compliance and ethical standards.
- Zero reported regulatory violations in 2023
- Implemented comprehensive corporate governance framework
- Maintained transparent financial reporting practices
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