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Compx International (CIX)

CompX International Inc. is a manufacturer of security products used in the recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare and other industries, and stainless steel exhaust systems, gauges and throttle controls for the recreational marine industry.

Company profile

Ticker
CIX
Exchange
CEO
Scott C. James
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
CompX Security Products Inc. • CompX Marine Inc. • Custom Marine Inc. • JZTB Realty LLC • Livorsi Marine Inc. ...
IRS number
570981653

CIX stock data

Calendar

2 Aug 22
9 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 70.06M 70.06M 70.06M 70.06M 70.06M 70.06M
Cash burn (monthly) 49.33K 26.42K (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 66.23K 35.46K n/a n/a n/a n/a
Cash remaining 69.99M 70.02M n/a n/a n/a n/a
Runway (months of cash) 1418.7 2650.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 22 Contran Class A Common Stock $0.01 par value per share Sell Dispose S Yes No 21.94 3,000 65.82K 0
1 Jun 22 Contran Class A Common Stock $0.01 par value per share Sell Dispose S No No 21.94 5,900 129.45K 0
25 May 22 Kevin B Kramer Class A Common Stock $0.01 par value per share Grant Acquire A No No 0 900 0 900
25 May 22 Herrington Terri Class A Common Stock $0.01 par value per share Grant Acquire A No No 0 900 0 5,750
13F holders Current Prev Q Change
Total holders 38 38
Opened positions 4 4
Closed positions 4 0 NEW
Increased positions 9 10 -10.0%
Reduced positions 18 11 +63.6%
13F shares Current Prev Q Change
Total value 178.67M 190.75M -6.3%
Total shares 12.32M 12.3M +0.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Contran 10.76M $139.93M 0.0%
Sessa Capital 431.73K $5.61M 0.0%
Royce & Associates 211.1K $4.97M 0.0%
Dimensional Fund Advisors 186.91K $4.4M +2.1%
Renaissance Technologies 169.24K $3.98M -3.9%
Newtyn Management 154.64K $3.64M +30.3%
BLK Blackrock 111.67K $2.63M -1.8%
Vanguard 62.38K $1.47M +31.6%
Bridgeway Capital Management 46.7K $1.1M -26.7%
BK Bank Of New York Mellon 33.68K $793K -3.9%
Largest transactions Shares Bought/sold Change
Newtyn Management 154.64K +35.96K +30.3%
Bridgeway Capital Management 46.7K -17K -26.7%
Vanguard 62.38K +14.97K +31.6%
Raymond James & Associates 0 -10.65K EXIT
Renaissance Technologies 169.24K -6.8K -3.9%
Dimensional Fund Advisors 186.91K +3.78K +2.1%
STT State Street 26.56K +2K +8.1%
BLK Blackrock 111.67K -1.99K -1.8%
Advisor 1.82K +1.82K NEW
Allspring Global Investments 1.79K +1.79K NEW

Financial report summary

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Risks
  • We operate in mature and highly competitive markets, resulting in pricing pressure and the need to continuously reduce costs.
  • Our development of innovative features for current products is critical to sustaining and growing our sales.
  • Higher costs or limited availability of our raw materials could negatively impact our financial results.
  • COVID-19 has affected our operations and may continue to affect our operations during 2022.
  • Failure to protect our intellectual property rights or claims by others that we infringe their intellectual property rights could substantially harm our business.
  • Climate change legislation could negatively impact our financial results or limit our ability to operate our businesses.
  • Technology failures or cybersecurity breaches could have a material adverse effect on our operations.
Management Discussion
  • Net sales. Net sales increased $5.4 million and $11.5 million in the second quarter and for the first six months of 2022, respectively, compared to the same periods in 2021 due to higher Marine Components sales primarily to the towboat market and, to a lesser extent, higher Security Products sales across a variety of markets.
  • Cost of sales and gross margin. Cost of sales as a percentage of sales decreased 1.5% in the second quarter of 2022 compared to the same period in 2021. As a result, gross margin as a percentage of sales increased over the same period. Gross margin percentage increased in the second quarter of 2022 compared to the same period in 2021 primarily due to improved gross margin at Security Products. Cost of sales and gross margin as a percentage of sales for the first six months of 2022 were comparable to the same period in 2021.  See segment discussion below.
  • Operating costs and expenses. Operating costs and expenses consist primarily of sales and administrative-related personnel costs, sales commissions and advertising expenses directly related to product sales and administrative costs relating to business unit and corporate management activities, as well as any gains and losses on property and equipment. Operating costs and expenses for the second quarter of 2022 are comparable to the same period in 2021. For the first six months of 2022, operating costs and expenses were higher than the same period in 2021 primarily due to higher salary and benefit costs which increased by $.4 million. Operating costs and expenses as a percentage of net sales decreased for the second quarter and the first six months of 2022 due to the effect of higher sales.

Content analysis

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H.S. sophomore Good
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