CPS Technologies Announces Second Quarter 2025 Financial Results
CPS Technologies (NASDAQ:CPSH) reported strong financial results for Q2 2025, achieving record revenue of $8.1 million, a significant increase from $5.0 million in the prior year. The company posted a gross margin of 16.5% and operating profit of $0.1 million, compared to losses in Q2 2024.
Key developments include securing their fourth Small Business Innovation Research (SBIR) contract for the Department of Defense and receiving the first order for their innovative AlMax™ material. The company's net income was $0.1 million ($0.01 per diluted share), marking a substantial improvement from the $(0.9) million loss in Q2 2024.
Management expects continued strong revenue in H2 2025 with expanding gross margins and increased profitability.
CPS Technologies (NASDAQ:CPSH) ha comunicato risultati finanziari solidi per il secondo trimestre del 2025, raggiungendo un fatturato record di 8,1 milioni di dollari, un aumento significativo rispetto ai 5,0 milioni dell'anno precedente. L'azienda ha registrato un margine lordo del 16,5% e un utile operativo di 0,1 milioni di dollari, rispetto alle perdite del secondo trimestre 2024.
Tra gli sviluppi principali, la società ha ottenuto il quarto contratto Small Business Innovation Research (SBIR) per il Dipartimento della Difesa e ha ricevuto il primo ordine per il suo innovativo materiale AlMax™. L'utile netto è stato di 0,1 milioni di dollari (0,01 dollari per azione diluita), segnando un notevole miglioramento rispetto alla perdita di 0,9 milioni nel secondo trimestre 2024.
La direzione prevede un proseguimento della crescita dei ricavi nella seconda metà del 2025, con margini lordi in espansione e una maggiore redditività.
CPS Technologies (NASDAQ:CPSH) reportó sólidos resultados financieros para el segundo trimestre de 2025, alcanzando un ingreso récord de 8.1 millones de dólares, un aumento significativo respecto a los 5.0 millones del año anterior. La compañía registró un margen bruto del 16.5% y una ganancia operativa de 0.1 millones de dólares, en contraste con las pérdidas del segundo trimestre de 2024.
Entre los desarrollos clave, la empresa aseguró su cuarto contrato Small Business Innovation Research (SBIR) para el Departamento de Defensa y recibió el primer pedido de su innovador material AlMax™. La utilidad neta fue de 0.1 millones de dólares (0.01 dólares por acción diluida), marcando una mejora sustancial frente a la pérdida de 0.9 millones en el segundo trimestre de 2024.
La dirección espera que los ingresos continúen fuertes en la segunda mitad de 2025, con márgenes brutos en expansión y mayor rentabilidad.
CPS Technologies (NASDAQ:CPSH)는 2025년 2분기에 강력한 재무 실적을 보고하며 8.1백만 달러의 기록적인 매출을 달성했으며, 이는 전년도의 5.0백만 달러에서 크게 증가한 수치입니다. 회사는 16.5%의 총이익률과 0.1백만 달러의 영업이익을 기록했으며, 이는 2024년 2분기의 손실과 대비됩니다.
주요 성과로는 국방부를 위한 네 번째 Small Business Innovation Research (SBIR) 계약 체결과 혁신적인 AlMax™ 소재에 대한 첫 주문 수주가 포함됩니다. 회사의 순이익은 0.1백만 달러(희석 주당 0.01달러)로, 2024년 2분기 0.9백만 달러 손실 대비 크게 개선되었습니다.
경영진은 2025년 하반기에도 매출이 강세를 유지하고 총이익률이 확대되며 수익성이 증가할 것으로 기대하고 있습니다.
CPS Technologies (NASDAQ:CPSH) a annoncé de solides résultats financiers pour le deuxième trimestre 2025, atteignant un chiffre d'affaires record de 8,1 millions de dollars, en nette augmentation par rapport à 5,0 millions l'année précédente. La société a affiché une marge brute de 16,5% et un bénéfice d'exploitation de 0,1 million de dollars, contre des pertes au deuxième trimestre 2024.
Les faits marquants incluent l'obtention de leur quatrième contrat Small Business Innovation Research (SBIR) pour le Département de la Défense ainsi que la première commande pour leur matériau innovant AlMax™. Le bénéfice net de la société s'est élevé à 0,1 million de dollars (0,01 dollar par action diluée), marquant une nette amélioration par rapport à la perte de 0,9 million du deuxième trimestre 2024.
La direction prévoit une poursuite de la forte croissance du chiffre d'affaires au second semestre 2025, avec une expansion des marges brutes et une rentabilité accrue.
CPS Technologies (NASDAQ:CPSH) meldete starke Finanzergebnisse für das zweite Quartal 2025 und erzielte einen Rekordumsatz von 8,1 Millionen US-Dollar, was eine deutliche Steigerung gegenüber 5,0 Millionen im Vorjahr darstellt. Das Unternehmen verzeichnete eine Bruttomarge von 16,5% und einen Betriebsgewinn von 0,1 Millionen US-Dollar im Vergleich zu Verlusten im zweiten Quartal 2024.
Zu den wichtigsten Entwicklungen gehört der Erhalt des vierten Small Business Innovation Research (SBIR)-Vertrags für das Verteidigungsministerium sowie der erste Auftrag für das innovative Material AlMax™. Der Nettogewinn betrug 0,1 Millionen US-Dollar (0,01 US-Dollar je verwässerter Aktie) und stellte eine deutliche Verbesserung gegenüber dem Verlust von 0,9 Millionen im zweiten Quartal 2024 dar.
Das Management erwartet für die zweite Jahreshälfte 2025 weiterhin starke Umsätze mit steigenden Bruttomargen und erhöhter Rentabilität.
- Record quarterly revenue of $8.1 million, up 61% year-over-year
- Return to profitability with $0.1 million operating profit vs $(1.3) million loss year-over-year
- Gross margin improved to 16.5% from -4.6% in prior year
- Secured fourth SBIR contract in 2025 for Department of Defense
- First commercial order received for new AlMax™ material
- Management acknowledges bottom line results have room for improvement
- Operating profit margin remains thin at just $0.1 million on $8.1 million revenue
Insights
CPS reports record revenue and return to profitability with strategic growth in defense contracts and new product commercialization.
CPS Technologies delivered record quarterly revenue of
The company achieved an operating profit of
The balance sheet remains solid with
Beyond the financial metrics, CPS is making strategic progress with its innovative materials. The company secured its fourth Small Business Innovation Research (SBIR) contract this year with the Department of Defense, focused on weight reduction for the Marine Corps' Amphibious Combat Vehicle. Additionally, CPS received its first order for AlMax™, a new composite material with properties superior to aluminum, just 18 months after acquiring the rights.
Management's outlook suggests continued strong revenue in the second half with expectations for expanding gross margins and increasing profitability. While the turnaround appears well underway, the CEO acknowledged that bottom-line results "have room for improvement," indicating a focus on operational efficiency to complement the revenue growth trajectory.
Record Revenue of
NORTON, Mass., July 30, 2025 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal second quarter ended June 28, 2025.
Second Quarter Highlights
- Revenue of
$8.1 million , versus$5.0 million in the prior-year period, reflecting strong demand for the Company’s core product lines - Gross margin of 16.5 percent versus a gross loss in the prior-year period
- Operating profit of
$0.1 million for the quarter compared to an operating loss of$(1.3) million in the prior-year period - After the quarter, CPS announced its fourth new Small Business Innovation Research (SBIR) contract of the year, affirming the Company’s ability to deliver next-generation solutions for the Department of Defense; the Phase I award focuses on reducing the weight of the Amphibious Combat Vehicle (ACV), a vital transport platform for the U.S. Marine Corps
“CPS returned to profitability in the first quarter of 2025 and now, in the second quarter, we have again delivered positive net income and record revenue,” said Brian Mackey, President and CEO. ”While the outlook remains bright, we’re also very focused on bottom line results, which certainly have room for improvement. We expect revenue to remain strong in the second half of the year and, more importantly, for gross margins to expand and overall profitability to increase.”
As previously reported, the Company also secured its first order for AlMax™ material, earlier this month. Mackey continued, “We continue to deliver innovative technologies that meet challenging market requirements, as evidenced by our growing portfolio of new offerings as well as our most recent SBIR award. Less than 18 months after acquiring the global exclusive rights to the novel, composite material we call AlMax – with performance properties better than those of aluminum – the CPS team has demonstrated effective manufacturing capabilities, engaged relevant customers in various large markets, and initiated successful commercialization. We are pleased with the ongoing expansion of our product catalog, along with underlying robust demand, and are dedicated to making our operations more efficient and productive in the quarters to come.”
Results of Operations
CPS reported revenue of
Operating profit was
Conference Call
The Company will be hosting its second quarter 2025 earnings call tomorrow, July 31, 2025, at 9:00 a.m. Eastern. Those interested in participating in the conference call should dial the following:
Call in Number: 1-844-943-2942
Participant Passcode: 719117
The Company encourages those who wish to participate to call in 10 minutes before the scheduled start time to ensure the operator can connect all participants.
About CPS
CPS is a technology and manufacturing leader in producing high-performance materials solutions for its customers. The company’s products and intellectual property address critical needs in a variety of applications, including electric trains and subway cars, wind turbines, hybrid vehicles, electric vehicles, Navy ships, the smart electric grid, 5G infrastructure and others. CPS hermetic packages can be found in many Aerospace and Satellite applications. CPS’ armor products provide exceptional ballistic protection and environmental durability at very light weight. CPS is committed to innovation and to supporting our customers in building solutions for the transition to clean energy. The Company articulates its Vision as follows: “To pioneer the next generation of high-performance materials and solve the world’s toughest engineering challenges.”
Safe Harbor
Statements made in this document that are not historical facts or which apply prospectively, including those relating to 2025 financial results, are forward-looking statements that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "will," "intends," "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the company's expectation. Additional information concerning risk factors is contained from time to time in the company's SEC filings, including its Annual Report on Form 10-K and other periodic reports filed with the SEC. Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The company expressly disclaims any obligation to update the information contained in this release.
CPS Technologies Corporation
111 South Worcester Street
Norton, MA 02766
www.cpstechnologysolutions.com
Investor Relations:
Chris Witty
646-438-9385
cwitty@darrowir.com
| CPS TECHNOLOGIES CORPORATION Statements of Operations (Unaudited) | ||||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||
| June 28, | June 29, | June 28, | June 29, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||||
| Product sales | $ | 8,078,657 | $ | 5,030,313 | $ | 15,584,578 | $ | 10,942,947 | ||||||||||
| Cost of product sales | 6,742,341 | 5,260,305 | 13,017,261 | 10,266,629 | ||||||||||||||
| Gross profit | 1,336,316 | (229,992 | ) | 2,567,317 | 676,318 | |||||||||||||
| Selling, general, and administrative expenses | 1,199,389 | 1,084,995 | 2,300,739 | 2,250,917 | ||||||||||||||
| Income (loss) from operations | 136,927 | (1,314,987 | ) | 266,578 | (1,574,599 | ) | ||||||||||||
| Other income, net | 19,025 | 90,851 | 69,501 | 170,021 | ||||||||||||||
| Net income (loss) before income taxes | 155,952 | (1,224,136 | ) | 336,079 | (1,404,578 | ) | ||||||||||||
| Income tax provision (benefit) | 52,119 | (269,832 | ) | 136,284 | (307,120 | ) | ||||||||||||
| Net income (loss) | $ | 103,833 | $ | (954,304 | ) | $ | 199,795 | $ | (1,097,458 | ) | ||||||||
| Other comprehensive income | ||||||||||||||||||
| Net unrealized gains on available for sale securities | 8,169 | 8,701 | 10,206 | 8,701 | ||||||||||||||
| Reclassification adjustment for gains included in net income | - | - | (16,237 | ) | - | |||||||||||||
| Total other comprehensive income | 8,169 | 8,701 | (6,031 | ) | 8,701 | |||||||||||||
| Comprehensive income (loss) | 112,002 | (945,603 | ) | 193,764 | (1,088,757 | ) | ||||||||||||
| Net income (loss) per basic common share | $ | 0.01 | $ | (0.07 | ) | $ | 0.01 | $ | (0.08 | ) | ||||||||
| Weighted average number of basic common shares outstanding | 14,525,960 | 14,519,215 | 14,525,960 | 14,519,215 | ||||||||||||||
| Net income (loss) per diluted common share | $ | 0.01 | $ | (0.07 | ) | $ | 0.01 | $ | (0.08 | ) | ||||||||
| Weighted average number of diluted common shares outstanding | 14,577,433 | 14,519,215 | 14,560,672 | 14,519,215 | ||||||||||||||
| CPS TECHNOLOGIES CORP. Balance Sheets (Unaudited) | ||||||||
| June 28, 2025 | December 28, 2024 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 2,374,037 | $ | 3,280,687 | ||||
| Marketable securities, at fair value | 1,044,925 | 1,031,001 | ||||||
| Accounts receivable-trade | 5,602,703 | 4,858,208 | ||||||
| Accounts receivable-other | 416,029 | 177,068 | ||||||
| Inventories, net | 5,198,246 | 4,331,066 | ||||||
| Prepaid expenses and other current assets | 263,636 | 480,986 | ||||||
| Total current assets | 14,899,576 | 14,159,016 | ||||||
| Property and equipment: | ||||||||
| Production equipment | 10,659,948 | 10,382,379 | ||||||
| Furniture and office equipment | 910,310 | 891,921 | ||||||
| Leasehold improvements | 997,830 | 997,830 | ||||||
| Total cost | 12,568,088 | 12,272,130 | ||||||
| Accumulated depreciation and amortization | (10,698,945 | ) | (10,377,756 | ) | ||||
| Construction in progress | 78,834 | 108,874 | ||||||
| Net property and equipment | 1,947,977 | 2,003,248 | ||||||
| Intangible assets | 21,363 | - | ||||||
| Right-of-use lease asset | 108,000 | 186,000 | ||||||
| Deferred taxes, net | 2,392,854 | 2,528,682 | ||||||
| Total Assets | $ | 19,369,770 | 18,876,946 | |||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Note payable, current portion | - | 8,130 | ||||||
| Accounts payable | 3,286,223 | 3,053,712 | ||||||
| Accrued expenses | 1,036,463 | 913,279 | ||||||
| Deferred revenue | 30,384 | 172,429 | ||||||
| Lease liability, current portion | 108,000 | 160,000 | ||||||
| Total current liabilities | 4,461,070 | 4,307,550 | ||||||
| Deferred revenue – long term | 31,277 | 31,277 | ||||||
| Long term lease liability | - | 26,000 | ||||||
| Total liabilities | 4,492,347 | 4,364,827 | ||||||
| Commitments & Contingencies | ||||||||
| Stockholders’ equity: | ||||||||
| Common stock, | 146,615 | 146,615 | ||||||
| Additional paid-in capital | 40,751,927 | 40,580,387 | ||||||
| Accumulated other comprehensive income | 9,469 | 15,500 | ||||||
| Accumulated deficit | (25,690,450 | ) | (25,890,245 | ) | ||||
| Less cost of 135,527 common shares repurchased at each June 28, 2025 and December 28, 2024 | (340,138 | ) | (340,138 | ) | ||||
| Total stockholders’ equity | 14,877,423 | 14,512,119 | ||||||
| Total liabilities and stockholders’ equity | $ | 19,369,770 | $ | 18,876,946 | ||||
FAQ
What were CPS Technologies (CPSH) Q2 2025 earnings results?
How much did CPSH revenue grow in Q2 2025?
What is CPS Technologies' outlook for the second half of 2025?
What progress has CPSH made with their AlMax material?
How many SBIR contracts has CPSH won in 2025?
