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CPS Technologies Corporation - CPSH STOCK NEWS

Welcome to our dedicated news page for CPS Technologies Corporation (Ticker: CPSH), a resource for investors and traders seeking the latest updates and insights on CPS Technologies Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CPS Technologies Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CPS Technologies Corporation's position in the market.

News
CPS Technologies Corporation Announces Fourth Quarter 2023 Financial Results
Rhea-AI Summary
CPS Technologies Corporation (CPSH) reported record revenue of $27.6 million for the fiscal year 2023, with a 10% growth in the fourth quarter. The company faced quality issues with a major customer impacting gross margin and operating profit. Despite short-term challenges, CPS remains optimistic about future growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.23%
Tags
earnings
-
News
CPS Technologies and Triton Systems Announce New Licensing Agreement
Rhea-AI Summary
CPS Technologies Corporation (CPSH) and Triton Systems, Inc. have signed a manufacturing licensing agreement for Fiber-Reinforced Aluminum (FRA) Composites. CPS gains exclusive rights to manufacture and sell products using Triton's FRA Composite technology, offering wear-resistance and isotropic properties. The partnership aims to expand product offerings in military and commercial markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.7%
Tags
none
-
News
CPS Technologies Announces MMAP Award
Rhea-AI Summary
CPS Technologies Corporation (CPSH) receives a $200,000 award from the Massachusetts Manufacturing Accelerate Program (MMAP) to purchase a 5-axis CNC machine, enhancing its manufacturing capabilities. The company aims to expand its workforce, fulfill new customer requirements, and increase business opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.29%
Tags
none
News
CPS Technologies Corp. Conference Call Notification
Rhea-AI Summary
CPS Technologies Corp. (CPSH) released details for its Q4 2023 investor conference call led by President Brian Mackey and CFO Chuck Griffith to discuss financial results on December 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
none
-
News
CPS Technologies Corporation to Participate in Virtual Investor Summit on December 7, 2023
Rhea-AI Summary
CPS Technologies Corporation (NASDAQ:CPSH) to Participate in Virtual Investor Summit Conference on December 7th, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
Tags
conferences
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News
CPS Technologies Corporation Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
CPS Technologies Corporation announced financial results for the fiscal third quarter ended September 30, 2023. The company reported revenue of $6.3 million, a decrease from $6.7 million in the same period last year. Gross margin was 19.7%, down from 27.9% in Q3 2022. Operating profit for the quarter was $0.1 million, compared to $0.7 million in the prior-year period. CPS recently secured a new contract worth $7.7 million and received its first SBIR grant funded by the Department of Energy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.96%
Tags
earnings
News
CPS Technologies Corp. Conference Call Notification
Rhea-AI Summary
CPS Technologies Corp. has released instructions for its Q3 2023 investor conference call, scheduled for November 2, 2023. The call will discuss the company's financial results for the quarter ended September 30, 2023. Participants can dial 1-844-943-2942 with the participant passcode 230366 to join.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.01%
Tags
none
-
News
CPS Technologies Receives SBIR Award
Rhea-AI Summary
CPS Technologies Corporation receives $200,000 phase I SBIR award from the U.S. Department of Energy for modular radiation shielding study.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.47%
Tags
none
-
News
CPS Technologies Receives $7.7 Million Award
Rhea-AI Summary
CPS Technologies receives $7.7M contract for power module components from a major customer, representing a 50% increase over the prior four quarters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.73%
Tags
none
News
CPS Technologies Corporation Announces Second Quarter 2023 Financial Results
Rhea-AI Summary
CPS Technologies Corporation (NASDAQ:CPSH) reported record revenue of $7.4 million for the fiscal second quarter, a 5% increase from the prior-year period. The gross margin also improved by 370 basis points to 29.6%. Operating profit was $0.7 million, slightly higher than the previous year. The company appointed Brian Mackey as the new president and CEO, aiming to drive higher growth and improved financial returns.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
earnings
Stock CPSH logo
CPS Technologies Corporation

Nasdaq:CPSH

CPSH Rankings

#5031 Ranked by Market Cap
#3171 Ranked by Stock Gains
N/A Ranked by Dividends

CPSH Stock Data

25.55M
11.34M
22.17%
11.19%
0.92%
Other Electronic Component Manufacturing
Manufacturing
Link
United States
Norton

About CPSH

cps technologies corporation has been the leading supplier of alsic metal matrix components for thermal management of electronics for more than 20 years. our al-mmc tool box also includes ceramic hollow shell reinforcements creating syntactic mmc with a density nearly half that of aluminum. such syntactic structures may be combined with fiber reinforced layers to create unique lightweight, stiff al-mmc structures. cps also produces hybridtech armor® - aluminum metal matrix composite (al-mmc) encapsulated ceramic tiles - as well as structural components primarily using fiber reinforcements. current maximum size for al-mmc’s is approximately 1m x 2m x 20cm.