CPS Technologies Announces Third Quarter 2025 Financial Results
CPS Technologies (NASDAQ:CPSH) reported record third-quarter revenue of $8.8 million for the period ended September 27, 2025, more than doubling prior-year revenue of $4.2 million and marking the company’s third consecutive quarter of record sales. Gross profit was $1.5 million (17.1% gross margin) versus a gross loss in the year-ago quarter. Operating profit was $0.3 million and net income was $0.2 million ($0.01 diluted EPS). After quarter-end CPS secured a $15.5 million 12-month follow-on contract beginning October 1, 2025, and won two government awards totaling approximately $1.275 million. The company closed a public offering on October 8, 2025, netting $9.5 million to support capacity expansion.
CPS Technologies (NASDAQ:CPSH) ha riportato un fatturato record nel terzo trimestre di 8,8 milioni di dollari per il periodo terminato il 27 settembre 2025, più che raddoppiando il fatturato dell'anno precedente di 4,2 milioni di dollari e segnando così il terzo trimestre consecutivo di vendite record. Il margine lordo è stato di 1,5 milioni di dollari (17,1% di margine lordo) rispetto a una perdita lorda nel trimestre dell'anno scorso. L'utile operativo è stato di 0,3 milioni di dollari e l'utile netto di 0,2 milioni di dollari (EPS diluito 0,01 dollari). Dopo la fine del trimestre CPS ha ottenuto un contratto di follow-on di 15,5 milioni di dollari per 12 mesi a partire dal 1 ottobre 2025, e ha vinto due premi governativi per un totale di circa 1,275 milioni di dollari. L'azienda ha chiuso un'offerta pubblica l'8 ottobre 2025, realizzando un incasso di 9,5 milioni di dollari per sostenere l'espansione della capacità.
CPS Technologies (NASDAQ:CPSH) informó ingresos récord en el tercer trimestre de 8,8 millones de dólares para el periodo que terminó el 27 de septiembre de 2025, más que duplicando los ingresos del año anterior de 4,2 millones de dólares y marcando así el tercer trimestre consecutivo de ventas récord. La ganancia bruta fue de 1,5 millones de dólares (margen bruto del 17,1%) frente a una pérdida bruta en el trimestre del año anterior. La utilidad operativa fue de 0,3 millones de dólares y el ingreso neto fue de 0,2 millones de dólares (EPS diluido de 0,01 dólares). Después del cierre del trimestre, CPS aseguró un contrato de seguimiento de 15,5 millones de dólares para 12 meses a partir del 1 de octubre de 2025, y ganó dos premios gubernamentales por un total de aproximadamente 1,275 millones de dólares. La empresa cerró una oferta pública el 8 de octubre de 2025, obteniendo 9,5 millones de dólares para apoyar la expansión de capacidad.
CPS Technologies (NASDAQ:CPSH)는 2025년 9월 27일 종료 기간에 기록적인 3분기 매출 총 8.8백만 달러를 보고했고, 이는 작년 매출 4.2백만 달러에서 두 배 이상 증가했으며 회사의 3년 연속 분기 기록 매출을 의미합니다. 총이익은 150만 달러(총이익률 17.1%)였고 작년 해당 분기의 총손실과 비교됩니다. 영업이익은 30만 달러였고 순이익은 20만 달러(희석된 주당순이익 0.01달러)였습니다. 분기 말 이후 CPS는 2025년 10월 1일부터 시작되는 12개월 후속 계약 1550만 달러를 확보했고, 두 건의 정부 상을 수상하여 총 125만 달러 정도였습니다. 회사는 2025년 10월 8일 유상증자를 마감했고 순자산으로 950만 달러를 확보하여 생산능력 확장을 지원합니다.
CPS Technologies (NASDAQ:CPSH) a enregistré un chiffre d'affaires record au troisième trimestre de 8,8 millions de dollars pour la période se terminant le 27 septembre 2025, soit plus du double du chiffre d'affaires de l'année précédente de 4,2 millions de dollars, marquant ainsi le troisième trimestre consécutif de ventes record. Le bénéfice brut était de 1,5 million de dollars (marge brute de 17,1%) contre une perte brute au trimestre de l'année précédente. Le résultat opérationnel était de 0,3 million de dollars et le bénéfice net de 0,2 million de dollars (BPA dilué 0,01 $). Après la fin du trimestre, CPS a obtenu un contrat de suivi de 15,5 millions de dollars pour 12 mois à compter du 1er octobre 2025, et a remporté deux récompenses gouvernementales totalisant environ 1,275 million de dollars. L'entreprise a clôturé une offre publique le 8 octobre 2025, apportant 9,5 millions de dollars pour soutenir l'expansion de capacité.
CPS Technologies (NASDAQ:CPSH) meldete einen Rekordumsatz im dritten Quartal von 8,8 Millionen USD für den Zeitraum bis zum 27. September 2025, mehr als doppelt so hoch wie der Umsatz des Vorjahres von 4,2 Millionen USD, und markierte damit das dritte aufeinanderfolgende Quartal mit Rekordverkäufen. Bruttogewinn betrug 1,5 Millionen USD (Bruttomarge 17,1%) gegenüber einem Bruttoverlust im Vorjahr-Quartal. Das Betriebsergebnis betrug 0,3 Millionen USD und der Nettogewinn 0,2 Millionen USD (verwässertes EPS 0,01 USD). Nach Quartalsende sicherte CPS einen Folgeauftrag über 15,5 Millionen USD für 12 Monate ab 1. Oktober 2025 und gewann zwei staatliche Auszeichnungen im Gesamtwert von ca. 1,275 Millionen USD. Das Unternehmen schloss am 8. Oktober 2025 eine öffentliche Platzierung ab und verschaffte sich 9,5 Millionen USD, um die Kapazitätserweiterung zu unterstützen.
CPS Technologies (NASDAH:CPSH) أبلغت عن إيرادات قياسية للربع الثالث بلغت 8.8 مليون دولار للفترة المنتهية في 27 سبتمبر 2025، وهو أكثر من مضاعفة الإيرادات للسنة السابقة البالغة 4.2 مليون دولار ومعلنةً ثالثة أرباح سوقية قياسية على التوالي. بلغ الربح الإجمالي 1.5 مليون دولار (هامش الربح الإجمالي 17.1%) مقارنة بخسارة إجمالية في الربع نفسه من العام الماضي. بلغ الربح التشغيلي 0.3 مليون دولار وصافي الدخل 0.2 مليون دولار (ربحية السهم المخففة 0.01 دولار). بعد نهاية الربع أمنت CPS عقداً متابعة بقيمة 15.5 مليون دولار لمدة 12 شهراً يبدأ في 1 أكتوبر 2025، وفازت بجائزتين حكوميتين بإجمالى حوالي 1.275 مليون دولار. أغلقت الشركة عرضاً عاماً في 8 أكتوبر 2025، مع صافي عائد قدره 9.5 مليون دولار لدعم توسيع القدرات.
CPS Technologies (NASDAQ:CPSH) 报告了截至 2025 年 9 月 27 日的第三季度创纪录的收入，达到880 万美元，比上一年的420 万美元收入翻了一番以上，标志着公司连续第三个季度实现创纪录销售。毛利润为150 万美元（毛利率 17.1%），而上年同期为毛损。经营利润为30 万美元，净利润为20 万美元（摊薄后每股收益 0.01 美元）。季度末后，CPS 获得一个价值1550 万美元、为期 12 个月的后续合同，自 2025 年 10 月 1 日起生效，并获得两项政府奖，总额约为125 万美元。公司在 2025 年 10 月 8 日完成一次公开发行，净筹集达 950 万美元，用于支持产能扩张。
- Revenue $8.8M, >100% YoY increase
- Gross margin 17.1% vs (12.3%) prior-year
- Operating profit $0.3M vs $(1.5)M prior-year
- Follow-on contract $15.5M over 12 months (began Oct 1, 2025)
- Capital raise $9.5M net proceeds closed Oct 8, 2025
- Inventories $5.38M, tying up working capital
- Accumulated deficit $25.48M
- Deferred taxes $2.28M may reflect tax timing items
Insights
CPS reported record quarterly revenue, returned to profitability, closed a $9.5M offering and won material contracts supporting near-term revenue visibility.
CPS delivered
The business mechanism is straightforward: higher production rates and increased shipments drove revenue and generated production efficiencies that turned a prior gross loss into positive gross profit. The capital raise supports capacity expansion, which links directly to revenue scaling if factory moves and ramp proceed as stated. The recent commercial contract provides at least 12 months of incremental, measurable revenue from a large customer.
Key dependencies and risks include successful execution of the production expansion, timely conversion of the announced contract into deliverables and the effective use of the offering proceeds to expand capacity without creating bottlenecks. The government awards add modest funding and technical scope but are not material to near‑term profits. Watch cash conversion from rising inventories and receivables, the progress of the facility move and backlog conversion over the next
Record Sales of
NORTON, Mass., Oct. 29, 2025 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal third quarter ended September 27, 2025.
Third Quarter Highlights
- Revenue of
$8.8 million , more than doubling the$4.2 million in revenue from the prior-year period, reflecting continued strong demand for the Company’s core product lines; this represents the Company’s third consecutive quarter of record revenue. - Gross margin of 17.1 percent versus a gross loss in the prior-year period.
- Operating profit of
$0.3 million for the quarter compared to an operating loss of$(1.5) million in the prior-year period. - After the quarter, CPS announced a
$15.5 million follow-on contract with a major multinational semiconductor manufacturer to deliver advanced power module components over a 12-month period which began October 1, 2025; this is a16.5% year-over-year increase in business from the customer. - The Company also announced two recent government-funded research awards: a Phase I Small Business Innovation Research (SBIR) contract from the U.S. Department of Energy, valued at approximately
$125,000 t hrough April, 2026; and a Phase II, two-year,$1.15 million Small Business Technology Transfer (STTR) contract with the U.S. Army to further the Company’s development of a controlled fragmentation tungsten warhead. - On October 8, 2025 the Company closed on a public offering that brought in net proceeds of
$9.5 million , to be used for general corporate purposes including the expansion of CPS’ production capabilities through the move to a larger facility.
“We are pleased to announce another quarter of strong performance, as we remain on track for 2025 to be our best sales year ever,” said Brian Mackey, President and CEO. “Margin expansion continues to be an area of considerable focus, and the recent capital raise will enable us to expand and improve our manufacturing operations while maintaining a solid growth trajectory. Our two newest government-funded research contracts bring our number of program awards in 2025 to six, which will strengthen our portfolio of market-driven technology and enhance our long-term outlook. In addition, our new contract with a long-standing customer affirms the continued strong demand for our core products. We believe the Company is poised to finish its best year ever, and is well positioned for growth in 2026 and beyond.”
Results of Operations
CPS reported revenue of
Operating profit was
Conference Call
The Company will be hosting its third quarter 2025 earnings call tomorrow, October 30, 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: 587233
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 | Nine Months Ended | |||||||||||||||||
| September 27, 2025 | September 28, 2024 | September 27, 2025 | September 28, 2024 | |||||||||||||||
| Product sales | $ | 8,803,695 | $ | 4,247,116 | $ | 24,388,272 | $ | 15,190,063 | ||||||||||
| Cost of product sales | 7,301,129 | 4,770,548 | 20,318,390 | 15,037,177 | ||||||||||||||
| Gross profit | 1,502,566 | (523,432 | ) | 4,069,882 | 152,886 | |||||||||||||
| Selling, general, and administrative expenses | 1,226,484 | 963,064 | 3,527,223 | 3,214,831 | ||||||||||||||
| Income (loss) from operations | 276,082 | (1,486,496 | ) | 542,659 | (3,061,945 | ) | ||||||||||||
| Other income, net | 45,483 | 70,974 | 114,985 | 241,845 | ||||||||||||||
| Net income (loss) before income taxes | 321,565 | (1,415,522 | ) | 657,644 | (2,820,100 | ) | ||||||||||||
| Income tax provision (benefit) | 113,601 | (372,683 | ) | 249,885 | (679,803 | ) | ||||||||||||
| Net income (loss) | $ | 207,964 | $ | (1,042,839 | ) | $ | 407,759 | $ | (2,140,297 | ) | ||||||||
| Other comprehensive income | ||||||||||||||||||
| Net unrealized gains (losses)on available for sale securities | (2,293 | ) | 8,745 | 7,913 | 17,446 | |||||||||||||
| Reclassification adjustment for gains included in net income | - | - | (16,237 | ) | - | |||||||||||||
| Total other comprehensive income (loss) | (2,293 | ) | 8,745 | (8,324 | ) | 17,446 | ||||||||||||
| Comprehensive income (loss) | 205,671 | (1,034,094 | ) | 399,435 | (2,122,851 | ) | ||||||||||||
| Net income (loss) per basic common share | $ | 0.01 | $ | (0.07 | ) | $ | 0.03 | $ | (0.15 | ) | ||||||||
| Weighted average number of basic common shares outstanding | 14,527,126 | 14,525,664 | 14,526,349 | 14,521,365 | ||||||||||||||
| Net income (loss) per diluted common share | $ | 0.01 | $ | (0.07 | ) | $ | 0.03 | $ | (0.15 | ) | ||||||||
| Weighted average number of diluted common shares outstanding | 14,674,384 | 14,525,664 | 14,598,576 | 14,521,365 | ||||||||||||||
| CPS TECHNOLOGIES CORP. Balance Sheets (Unaudited) | ||||||||
| September 27, 2025 | December 28, 2024 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 3,234,142 | $ | 3,280,687 | ||||
| Marketable securities, at fair value | 1,054,079 | 1,031,001 | ||||||
| Accounts receivable-trade | 5,400,080 | 4,858,208 | ||||||
| Accounts receivable-other | 376,652 | 177,068 | ||||||
| Inventories, net | 5,383,680 | 4,331,066 | ||||||
| Prepaid expenses and other current assets | 328,249 | 480,986 | ||||||
| Total current assets | 15,776,882 | 14,159,016 | ||||||
| Property and equipment: | ||||||||
| Production equipment | 10,599,479 | 10,382,379 | ||||||
| Furniture and office equipment | 910,310 | 891,921 | ||||||
| Leasehold improvements | 997,830 | 997,830 | ||||||
| Total cost | 12,507,619 | 12,272,130 | ||||||
| Accumulated depreciation and amortization | (10,737,391 | ) | (10,377,756 | ) | ||||
| Construction in progress | 216,193 | 108,874 | ||||||
| Net property and equipment | 1,986,421 | 2,003,248 | ||||||
| Net intangible assets | 23,746 | - | ||||||
| Right-of-use lease asset | 370,000 | 186,000 | ||||||
| Deferred taxes, net | 2,279,253 | 2,528,682 | ||||||
| Total Assets | $ | 20,436,302 | 18,876,946 | |||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Note payable, current portion | - | 8,130 | ||||||
| Accounts payable | 3,530,052 | 3,053,712 | ||||||
| Accrued expenses | 1,298,268 | 913,279 | ||||||
| Deferred revenue | 74,257 | 172,429 | ||||||
| Lease liability, current portion | 161,000 | 160,000 | ||||||
| Total current liabilities | 5,063,577 | 4,307,550 | ||||||
| Deferred revenue – long term | 31,277 | 31,277 | ||||||
| Long term lease liability | 209,000 | 26,000 | ||||||
| Total liabilities | 5,303,854 | 4,364,827 | ||||||
| Commitments & Contingencies | ||||||||
| Stockholders’ equity: | ||||||||
| Common stock, | 146,670 | 146,615 | ||||||
| Additional paid-in capital | 40,809,151 | 40,580,387 | ||||||
| Accumulated other comprehensive income | 7,176 | 15,500 | ||||||
| Accumulated deficit | (25,482,486 | ) | (25,890,245 | ) | ||||
| Less cost of 137,710 and 135,527 common shares repurchased at September 27, 2025 and December 28, 2024, respectively | (348,063 | ) | (340,138 | ) | ||||
| Total stockholders’ equity | 15,132,448 | 14,512,119 | ||||||
| Total liabilities and stockholders’ equity | $ | 20,436,302 | $ | 18,876,946 | ||||
FAQ
What were CPS Technologies (CPSH) third-quarter 2025 revenues and EPS reported on Oct 29, 2025?
How did CPSH gross margin change in Q3 2025 versus Q3 2024?
What is the size and timing of the CPSH follow-on customer contract announced after Q3 2025?
How much did CPSH raise in its October 8, 2025 public offering and what will the proceeds be used for?
What government research awards did CPS Technologies announce in Q3 2025?
Will CPSH hold an earnings call for Q3 2025 and when is it scheduled?
