CPS Technologies Reports Record Q1 Sales of $7.5M and Returns to Profitability With $0.1M Net Income, $0.01 EPS

Reuters
05-02
CPS Technologies Reports Record Q1 Sales of $7.5M and Returns to Profitability With $0.1M Net Income, $0.01 EPS

CPS Technologies Corporation has announced its financial results for the first quarter of fiscal 2025, reporting a record revenue of $7.5 million, marking a notable increase from the $5.9 million recorded in the first quarter of 2024. The company achieved a gross margin of 16.4%, an improvement from the 15.3% reported in the previous year, attributed to enhanced operating leverage stemming from higher sales. The company returned to profitability with a net income of $0.1 million, compared to a net loss of $(0.1) million in the same period last year. Earnings per share for the quarter stood at $0.01, contrasting with a loss of $(0.01) per share in the prior-year period. CPS Technologies also achieved an operating profit of $0.1 million for the quarter, reversing an operating loss of $(0.3) million from the previous year. The company's performance reflects a significant turnaround from the fourth quarter of 2024, when it reported revenue of $5.9 million and negative gross margins of 2%. A significant business update includes the initiation of three new Phase I Army Small Business Innovation Research (SBIR) contracts during the quarter. The company's strategy of leveraging its core offerings to invest in future product lines in response to customer requirements is showing positive results, with growth in existing product lines contributing to the improved financial outlook for fiscal 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CPS Technologies Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-014043), on May 01, 2025, and is solely responsible for the information contained therein.

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