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CIX
COMPX INTERNATIONAL INC
36.10
+0.29 +0.81%
USD · close Oct 23
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Work order
15
FLAG · shorts 15
Insiders, 90 days
0
no open-market filings in 90 days
Congress, 90 days
0 / 0
no disclosures naming it
Big money
0 / 15
none of the tracked funds disclose it
Calls on record
0
nobody we score has called it yet
MKT CAP $445.4MP/E 20.2DIV YIELD 0.83%FCF YIELD 4.76%REV TTM $161.8M +6.0%NET INCOME $22M +18.5%NET CASH $34.4M52W 20.29 – 39.48SEC XBRL · TTM TO Invalid Date
How CIX rewrote its risk factors
Text kept
68%
of sentences unchanged
Added
16
new sentences
Dropped
10
sentences removed
Length
+114
words, now 2,098
New in FY2025
- The occurrence of any of these factors could result in reduced earnings or operating losses. ● Competitors may be able to drive down prices for our products beyond our ability to adjust costs because their costs are lower than ours, especially products sourced from Asia. ● Competitors’ financial, technological and other resources may be greater than our resources, which may enable them to more effectively withstand changes in market conditions. ● Competitors may be able to respond more quickly than we can to new or emerging technologies and changes in customer requirements. ● Consolidation of our competitors or customers in any of the markets in which we compete may result in reduced demand for our products. ● New competitors could emerge by modifying their existing production facilities to manufacture products that compete with our products. ● We may not be able to sustain a cost structure that enables us to be competitive. ● Customers may no longer value our product design, quality or durability over the lower cost products of our competitors.
- While we will continue to emphasize the introduction of innovative new product features that target customer-specific opportunities, we do not know if any new product features we introduce will achieve the same - 8 - degree of success that we have achieved with our existing products.
- If a customer were to ultimately reject or abandon custom product innovation efforts, we may not be able to recover our development costs.
- Higher costs or limited availability of our raw materials could negatively impact our financial results.
- Global economic and political conditions, including natural disasters, terrorist acts, transportation disruptions, global conflicts or trade wars and public health crises such as pandemics, could prevent our vendors from being able to supply these components.
- Should our vendors not be able to meet their supply obligations or should we be otherwise unable to obtain necessary raw materials or components, we may incur higher supply costs or may be required to reduce or suspend production.
- Dependence on significant customers could adversely affect our business and results of operations.
- For the year ended December 31, 2025, our ten largest customers accounted for approximately 52% of our consolidated net sales, with a single customer accounting for 26% of our consolidated net sales.
- Because our customers’ purchases are made through purchase orders rather than long-term contracts or minimum purchase commitments, order levels can fluctuate significantly from period to period based on customer needs.
- In addition, significant customers may negotiate more favorable pricing or terms, which may pressure our operating margins.
- If any significant customer reduces its purchases, loses market share for its end-use products, experiences financial difficulty, changes suppliers, or otherwise alters its relationship with us, demand for our products could decline.
- Any such reduction in sales could potentially have a material adverse effect on our revenues and results of operations. Legal, Compliance and Regulatory Risk Factors We may be subject to litigation, the disposition of which could have a material adverse effect on our results of operations.
- Third parties may - 9 - independently discover our trade secrets and proprietary information, and in such cases we could not assert any trade secret rights against such parties.
- If we cannot or do not license the infringed technology on reasonable pricing terms or at all, or substitute similar technology from another source, our business could be adversely impacted.
- Climate change laws and regulations could negatively impact our financial results or limit our ability to operate our businesses.
- Due to the increase in global cybersecurity incidents it has become increasingly difficult to obtain insurance coverage on reasonable pricing terms to mitigate some risks associated with technology failures or cybersecurity breaches, and we are experiencing such difficulties in obtaining insurance coverage. - 10 - Physical impacts of climate change could have a material adverse effect on our costs and operations. Climate change may increase both the frequency and severity of extreme weather conditions and natural disasters such as hurricanes, thunderstorms, tornadoes, drought and snow or ice storms.
Gone since FY2024
- The occurrence of any of these factors could result in reduced earnings or operating losses. ● Competitors may be able to drive down prices for our products beyond our ability to adjust costs because their costs are lower than ours, especially products sourced from Asia. ● Competitors’ financial, technological and other resources may be greater than our resources, which may enable them to more effectively withstand changes in market conditions. ● Competitors may be able to respond more quickly than we can to new or emerging technologies and changes in customer requirements. ● Consolidation of our competitors or customers in any of the markets in which we compete may result in reduced demand for our products. ● A reduction of our market share with one or more of our key customers, or a reduction in one or more of our key customers’ market share for their end-use products, may reduce demand for our products. ● New competitors could emerge by modifying their existing production facilities to manufacture products that compete with our products. ● We may not be able to sustain a cost structure that enables us to be competitive. ● Customers may no longer value our product design, quality or durability over the lower cost products of our competitors.
- While we will continue to emphasize the introduction of innovative new product features that target customer-specific opportunities, we do not know if any new product features we introduce will achieve the same degree of success that we have achieved with our existing products.
- If a customer were to ultimately reject or abandon custom product innovation efforts, we may not be able to recover our development costs. - 8 - Higher costs or limited availability of our raw materials could negatively impact our financial results.
- Global economic and political conditions, including natural disasters, terrorist acts, transportation disruptions, global conflicts and public health crises such as pandemics, could prevent our vendors from being able to supply these components.
- Should our vendors not be able to meet their supply obligations or should we be otherwise unable to obtain necessary raw materials or components, we may incur higher supply costs or may be required to reduce production levels.
- Legal, Compliance and Regulatory Risk Factors We may be subject to litigation, the disposition of which could have a material adverse effect on our results of operations.
- Third parties may independently discover our trade secrets and proprietary information, and in such cases we could not assert any trade secret rights against such parties.
- If we cannot or do not license the infringed technology on reasonable pricing terms or at all, or substitute similar technology from another source, our business could be adversely impacted. - 9 - Climate change laws and regulations could negatively impact our financial results or limit our ability to operate our businesses.
- Due to the increase in global cybersecurity incidents it has become increasingly difficult to obtain insurance coverage on reasonable pricing terms to mitigate some risks associated with technology failures or cybersecurity breaches, and we are experiencing such difficulties in obtaining insurance coverage.
- Physical impacts of climate change could have a material adverse effect on our costs and operations. Climate change may increase both the frequency and severity of extreme weather conditions and natural disasters such as hurricanes, thunderstorms, tornadoes, drought and snow or ice storms.
Sentence-level comparison of Item 1A in the two most recent 10-Ks (FY2024 ↗, FY2025 ↗). A reworded sentence counts as one dropped and one added, so heavy edits read as low “kept”. Headings and page furniture are stripped; nothing is summarised by a model.