CompoSecure Reports Strong Q3 2024 Results, Revises Outlook
November 8, 2024
Merger/DeSPAC: Dec 27, 21
Industry:
FINANCE SERVICES
Somerset, NJ – CompoSecure, Inc. (Nasdaq: CMPO, CMPOW), a leading provider of metal payment cards and security solutions, reported strong third-quarter 2024 financial results, with net sales up 11% to $107.1 million and adjusted EBITDA up 13% to $40.0 million.
Despite a GAAP net loss attributed to non-cash items related to stock price improvements, the company highlighted a strong operational performance with 18% growth in adjusted net income. CompoSecure also announced a two-year contract extension with Capital One and the completion of the Resolute Holdings transaction, which resulted in new leadership appointments.
The company revised its full-year 2024 outlook to reflect investments for future growth, with net sales guidance ranging from $418 to $424 million and adjusted EBITDA guidance ranging from $148 to $151 million.
Bitdeer Reports October Production: 174 Bitcoins Mined and SEALMINER A2 Launch
November 7, 2024
Merger/DeSPAC: Apr 14, 23
Industry:
FINANCE SERVICES
SINGAPORE – Bitdeer Technologies Group (NASDAQ: BTDR), a global leader in blockchain and high-performance computing, has released its unaudited mining and operations update for October 2024. The company reported a successful month, having self-mined 174 Bitcoins. This achievement comes alongside significant advancements in their mining technology and infrastructure development.
Bitdeer announced the launch of their new SEALMINER A2, available in both air and hydro-cooling models. These models boast impressive hashrates of 226 TH/s and 446 TH/s respectively, with an energy efficiency of 16.5 J/TH. Mass production of both the A1 and A2 models is underway, with a projected hashrate capacity of approximately 21.7 EH/s in the near future. Furthermore, the company confirmed the successful tape-out of their SEAL03 chip, anticipated to achieve an industry-leading efficiency of 10 J/TH. Bitdeer also provided updates on the ongoing construction of its data centers in Texas, Norway, and Bhutan.
Investors can expect further details when the company releases its Q3 2024 earnings data before the market opens on Monday, November 18th.