CPS Technologies

CPS Technologies Corp. engages in the provision of advanced material solutions to the transportation, automotive, energy, computing or Internet, telecommunications, aerospace, defense, and oil and gas end markets. The firm focuses on the design, manufacture, and sale of custom metal matrix composite components. It also assembles housings and packages for hybrid circuit. The company was founded in 1984 and is headquartered in Norton, MA.

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CPS Technologies reports Q2 losses, eyes government contracts for growth

CPS Technologies navigated challenges in Q2, including revenue decline, labor shortages, and losses from a new product, resulting in an operating loss of $1.3 million.
Despite these obstacles, the company maintained a healthy cash balance of $6.3 million and expressed optimism for improvement in the upcoming quarters.
Receipt of a new government contract award and strategic focus on addressing operational issues signal potential opportunities for growth and recovery in the future.

CPS Technologies reports Q3 losses but eyes growth opportunities ahead

CPS Technologies faced challenges in Q3 with revenue decline and operational losses.
Despite setbacks, the company remains optimistic about future growth prospects.
Securing new contracts and improving operational efficiency are key focus areas for CPS Technologies.
Management's commitment to innovation and growth underpins the company's strategic direction.

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NORTON, Mass., April 21, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced that Michael McCormack has resigned as president and CEO of the Company. Michael McCormack's resignation is effective April 21, 2023.

CPS Technologies Corporation Announces CEO Resignation

NORTON, Mass., April 04, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) has been awarded a Phase I Small Business Innovative Research (SBIR) contract from the U.S. Army to develop lightweight, reconfigurable UH-60 flooring. CPS will develop a structural armor floor system for the UH-60 fleet that reduces aircraft weight while maximizing mission configuration flexibility. CPS will design and fabricate a Ballistic Armor Protection System (BAPS) using our proprietary HybridTech Armor® Metal Matrix Composite (MMC) technology. HybridTech Armor consists of ceramic tiles that are encapsulated in fiber-reinforced Aluminum (Al). MMC and monolithic ceramic tiles yield robust ballistic and structural performance while reducing weight compared to other metallic armor systems.

CPS Technologies Corporation Announces SBIR Contract Award for Lightweight UH-60 Flooring Development

NORTON, Mass., March 29, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) announced today that the company has secured $5.0M in purchase orders for hermetic packages from a leading Aerospace electronics manufacturer in support of both U.S. space missions and high-volume production tactical programs.

CPS Technologies Corporation Receives Significant Hermetic Packaging Order from Industry Leading Aerospace Electronics Manufacturer

CPS Technologies Corporation (NASDAQ:CPSH ) Q4 2022 Earnings Conference Call March 7, 2023 4:30 PM ET Company Participants Chuck Griffith - Chief Financial Officer Michael McCormack - President & Chief Executive Officer Anthony Koski - Chief Development Officer Conference Call Participants Michael White - Private Investor Ron Richards - Private Investor Operator Good day everyone and welcome to the CPS Technologies 2022 Earnings Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Chuck Griffith.

CPS Technologies Corporation (CPSH) Q4 2022 Earnings Call Transcript

NORTON, Mass., March 07, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $6.1 million and an operating profit of $309 thousand for the quarter ended December 31, 2022. This compares with revenues of $6.2 million and an operating profit of $312 thousand for the quarter ended December 25, 2021. For the year ended December 31, 2022 revenues were $26.6 million with an operating profit of $2.2 million. This compares to revenue of $22.4 million and operating profit of $513 thousand for the year ended December 25, 2021.

CPS Technologies Corporation Announces Fourth Quarter and Year End 2022 Results

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CPS Technologies Corporation (NASDAQ:CPSH ) Q3 2022 Earnings Call Transcript November 2, 2022 4:30 PM ET Company Participants Chuck Griffith - Chief Financial Officer Michael McCormack - President, Chief Executive Officer Anthony Koski - Chief Development Officer Operator Good afternoon, ladies and gentlemen, and welcome to the CPS Technologies Third Quarter Earnings Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Chuck Griffith.

CPS Technologies Corporation (CPSH) Q3 2022 Earnings Call Transcript

NORTON, Mass., Nov. 02, 2022 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $6.7 million and an operating profit of $709 thousand for the quarter ended October 1, 2022. This compares with revenues of $5.5 million and an operating loss of $88 thousand for the quarter ended September 25, 2021.

CPS Technologies Corporation Announces Third Quarter 2022 Results

NORTON, Mass., Oct. 04, 2022 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced the company has received an additional follow-on purchase order valued at $8.8M for HybridTech Armor® panels from Kinetic Protection, the Navy's prime contractor. The panels are an integrated component of advanced ballistic shields developed in support of ballistic protection system upgrades on U.S. Navy Aircraft Carriers and other surface ships. This recent purchase order will equip additional Navy ships with enhanced ballistic protection for crew-served weapons stations. This order by Kinetic Protection represents the largest single order in the Company's 38-year history.

CPS Technologies Corporation Announces Additional Follow-On HybridTech Armor® Panel Purchase Order for U.S. Aircraft Carriers

CPS Technologies Corporation (NASDAQ:CPSH ) Q2 2022 Earnings Conference Call August 5, 2022 9:00 AM ET Company Participants Chuck Griffith - Chief Financial Officer Michael McCormack - President, Chief Executive Officer Operator Good day, everyone, and welcome to the CPS Technologies Corp's Second Quarter Investors Call. Today's call is being recorded.

CPS Technologies Corporation (CPSH) CEO Michael McCormack on Q2 2022 Results - Earnings Call Transcript

NORTON, Mass., Aug. 04, 2022 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $7.1 million and an operating profit of $669 thousand for the quarter ended July 2, 2022. This compares with revenues of $5.9 million and an operating profit of $253 thousand for the quarter ended June 26, 2021.

CPS Technologies Corporation Announces Second Quarter 2022 Results

NORTON, Mass., June 07, 2022 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) has been awarded a Small Business Innovation Research (SBIR) contract from the US Army - Aviation and Missile Command (AMCOM) to develop novel thermal management solutions for electronic systems in Future Vertical Lift (FVL) platforms. CPS will leverage additive manufacturing to fabricate high-surface area, aluminum, cooling structures that are printed on and fully integrated with aluminum-silicon carbide (AlSiC) composites. CPS AlSiC already performs as a lightweight, dimensionally stable, high thermal conductivity material, ideal for reducing the size, weight, and power (SWaP) consumption of electronic thermal management systems. By introducing additive manufacturing processes, CPS will further expand achievable metal matrix composite geometries, optimize cooling performance, and broaden our offerings of thermal management solutions. The composite/3D coolers will improve the heat dissipation efficiency of avionic systems, laser diodes, electromechanical actuators, and high-pulse power systems, helping to electrify the next generation of Army rotorcraft.

CPS Technologies Corporation Announces SBIR Award

CPS Technologies Corporation (NASDAQ:CPSH ) Q1 2022 Earnings Conference Call May 4, 2022 4:45 PM ET Company Participants Chuck Griffith - Chief Financial Officer Michael McCormack - President, Chief Executive Officer & Chief Operating Officer Conference Call Participants Operator Good day. Thank you for standing by and welcome to CPS Technologies Corporation First Quarter Investor Call.

CPS Technologies Corporation (CPSH) CEO Michael McCormack on Q1 2022 Results - Earnings Call Transcript

NORTON, Mass., May 04, 2022 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $6.7 million and an operating profit of $547 thousand for the quarter ended April 2, 2022. This compares with revenues of $4.9 million and an operating profit of $36 thousand for the quarter ended March 27, 2021.

CPS Technologies Corporation Announces First Quarter 2022 Results

NORTON, Mass., March 03, 2022 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $6.2 million and an operating profit of $312 thousand for the quarter ended December 25, 2021. This compares with revenues of $4.2 million and an operating loss of $291 thousand for the quarter ended December 26, 2020. For the year ended December 25, 2021 revenues were $22.4 million with an operating profit of $513 thousand. This compares to revenue of $20.9 million and operating profit of $914 thousand for the year ended December 26, 2020.

CPS Technologies Corporation Announces Fourth Quarter And Year End 2021 Results

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NORTON, Mass., Dec. 14, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) announced today that several recent contract awards have resulted in Fiscal Year 2021 orders to date of more than $37 million.

CPS Technologies Corporation Announces Record 2021 Sales Bookings

CPS Technologies Corporation's (CPSH) Management on Q3 2021 Results - Earnings Call Transcript

NORTON, Mass., Oct. 27, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $5.5 million and an operating loss of $88 thousand for the quarter ended September 25, 2021. This compares with revenues of $4.5 million and an operating profit of $253 thousand for the quarter ended September 26, 2020.

CPS Technologies Corporation Announces Third Quarter 2021 Results

NORTON, Mass., Sept. 08, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (Nasdaq:CPSH), announced today that several recent contract awards have resulted in over $11 million in orders this year for a variety of Hermetic Packages offered by CPS.

CPS Technologies Corp. Announces New Hermetic Packaging Business from Key Customers

CPS Technologies Corp (CPSH) CEO Michael McCormack on Q2 2021 Results - Earnings Call Transcript

NORTON, Mass., July 28, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $5.9 million and an operating profit of $253 thousand for the quarter ended June 26, 2021. This compares with revenues of $5.8 million and an operating profit of $331 thousand for the quarter ended June 27, 2020.

CPS Technologies Corporation Announces Second Quarter 2021 Results

NORTON, Mass., July 22, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (Nasdaq:CPSH) today released instructions for its quarterly investor conference call which will be held on Wednesday, July 28, 2021 at 4:45 P.M. (Eastern). Michael McCormack, President and Chief Executive Officer and Chuck Griffith, Chief Financial Officer, will discuss the Company's financial results for the three and six months ended June 26, 2021.

News for CPS Technologies Stock (CPSH)