What the changes say
- Customer concentration is newly identified as a material risk: ten customers generated 52% of 2025 sales and one generated 26%.
- Purchase orders lack long-term commitments, so customer demand, pricing, and margins can fluctuate significantly.
What changed since the prior 10-K
New
- New
Dependence on significant customers could adversely affect our business and results of operations
Ten customers generated 52% of 2025 sales, including one at 26%; customers can reduce orders, change suppliers, or demand lower pricing.
All 9 risk factors
Headings as the filing states them, in filing order.
Other
- 01We operate in mature and highly competitive markets, resulting in pricing pressure and the need to continuously reduce costs
- 02Our development of innovative features for current products is critical to sustaining and growing our sales
- 03Higher costs or limited availability of our raw materials could negatively impact our financial results
- 04Dependence on significant customers could adversely affect our business and results of operationsNew
- 05We may be subject to litigation, the disposition of which could have a material adverse effect on our results of operations
- 06Failure to protect our intellectual property rights or claims by others that we infringe their intellectual property rights could substantially harm our business
- 07Climate change laws and regulations could negatively impact our financial results or limit our ability to operate our businesses
- 08Technology failures or cybersecurity breaches could have a material adverse effect on our operations
- 09Physical impacts of climate change could have a material adverse effect on our costs and operations
Other Compx International 10-Ks
- FY2024 10-K risk factors8 risks
CompX relies heavily on zinc, brass, steel, and aluminum for its security and marine products. U.S. domestic manufacturing faces risks from climate regulations, severe weather, and cybersecurity threats. Intellectual property and custom engineering drive sales in competitive markets.
Filed Mar 05, 2025
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.