Welcome to our dedicated page for Cps Technologie news (Ticker: CPSH), a resource for investors and traders seeking the latest updates and insights on Cps Technologie stock.
CPS Technologies Corporation (NASDAQ: CPSH) delivers innovative advanced materials solutions for mission-critical applications in defense, electronics, and renewable energy. This news hub provides investors and industry professionals with comprehensive access to CPSH's official communications and market developments.
Track all essential updates through curated press releases, including earnings reports, product innovations, and strategic partnerships. Our repository features regulatory filings, R&D milestones in metal matrix composites, and operational updates relevant to CPSH's position in thermal management and lightweight material solutions.
Key content categories include quarterly financial results, new contract announcements in defense/electronics sectors, advancements in AlSiC composite applications, and intellectual property developments. The archive serves as a historical reference for analyzing CPSH's growth in advanced manufacturing markets.
Bookmark this page for streamlined monitoring of CPS Technologies' material events. Combine these verified updates with broader market analysis to inform your understanding of the company's evolving role in next-generation materials science.
CPS Technologies Corporation (NASDAQ:CPSH) reported revenues of $6.1 million and an operating profit of $309 thousand for Q4 2022, slightly down from $6.2 million in Q4 2021. For the full year 2022, revenues reached a record $26.6 million, a 19% increase from 2021, with an operating profit of $2.2 million compared to $513 thousand in 2021. Gross margins improved to over 27%, up by 6%. President Michael McCormack emphasized the strategic initiatives driving growth and expected continued strong performance in 2023, supported by diversification in products and customer base.
CPS Technologies Corp. (Nasdaq:CPSH) announced its year-end 2022 investor conference call scheduled for March 7, 2023, at 4:30 PM Eastern. During the call, President and CEO Michael McCormack and CFO Chuck Griffith will discuss the company's financial results for the fiscal year ending December 31, 2022. Interested participants can join by dialing 1-844-943-2942 and using the passcode 693433. CPS operates in high-performance energy management components crucial for various sectors, including electric vehicles and aerospace, emphasizing innovation and customer support.
CPS Technologies Corporation (NASDAQ:CPSH) reported $6.7 million in revenues for Q3 2022, a 22% increase from Q3 2021. The company achieved an operating profit of $709,000, a significant turnaround from the $88,000 loss in the previous year. Year-to-date operating profit is $1.9 million, up 858% from $201,000 in 2021. Despite inflation and supply chain challenges, CPSH has maintained operational efficiencies. The company remains optimistic about growth initiatives and strategic initiatives, highlighted by a record HybridTech Armor® order.
CPS Technologies Corp. (Nasdaq:CPSH) announced details for its Q3 2022 investor conference call scheduled for November 2, 2022, at 4:30 P.M. Eastern. The call will feature Michael McCormack, President and CEO, and Chuck Griffith, CFO, who will present the company’s financial results for the quarter ending October 1, 2022.
Interested participants can join by calling 1-844-943-2942 with the passcode 274639.
CPS Technologies Corporation (NASDAQ:CPSH) announced a follow-on purchase order valued at $8.8 million for its HybridTech Armor® panels from Kinetic Protection, marking the largest single order in the company's 38-year history. This armor is essential for ballistic protection systems on U.S. Navy ships, enhancing crew safety. The technology is lightweight and durable under extreme maritime conditions. CPS is optimistic about expanding its armor opportunities domestically and internationally, supporting modernization initiatives within the Department of Defense.
CPS Technologies Corporation (NASDAQ:CPSH) reported record revenues of $7.1 million and an operating profit of $669 thousand for Q2 2022, a 21% increase compared to Q2 2021. The operating profit surged 164% from last year. Despite ongoing concerns such as inflation and supply chain issues, the company managed to maintain operational efficiency. CPS is optimistic about future growth through product development initiatives and has secured two contracts under the SBIR and STTR programs with the Army and Navy.
CPS Technologies Corp. (Nasdaq:CPSH) announced its second quarter 2022 investor conference call scheduled for August 5, 2022, at 9:00 A.M. (Eastern). During the call, President and CEO Michael McCormack, along with CFO Chuck Griffith, will discuss the company’s financial results for the quarter ending July 2, 2022. Interested participants can join by dialing 1-888-504-7949 with the passcode 840275. CPS specializes in high-performance energy management components and is a leader in providing solutions for electric mobility and aerospace applications.
CPS Technologies Corporation (NASDAQ:CPSH) has secured a $259,000 SBIR contract from the US Army to develop innovative thermal management solutions utilizing additive manufacturing and aluminum-silicon carbide (AlSiC) composites. This initiative aims to enhance electronic systems in Future Vertical Lift platforms, improving heat dissipation for various applications. The contract is set for six months, marking CPS's first SBIR award in over a decade. The company remains optimistic about future submissions, including a pending SBIR with the U.S. Navy for shipboard electronics.
CPS Technologies Corporation (NASDAQ:CPSH) reported record revenues of $6.7 million for Q1 2022, up 37% from $4.9 million in Q1 2021. The company achieved an operating profit of $547 thousand, surpassing the total operating profit for all of 2021. President and CEO Michael McCormack highlighted the company's successful growth initiatives and minimal impact from COVID-19 and the Ukraine conflict. CPS is optimistic about future growth, especially in new product development and has engaged with SBIR and STTR programs, securing two projects for the Army and Navy.
CPS Technologies Corp. (Nasdaq:CPSH) will hold its first quarter 2022 investor conference call on May 4, 2022, at 4:45 PM Eastern. CEO Michael McCormack and CFO Chuck Griffith will present financial results for the quarter ending April 2, 2022. Interested participants can join by dialing 1-833-953-1394 and using Conference ID 3323509. CPS is a leader in high-performance energy management components supporting electrification across various industries, including electric vehicles and 5G infrastructure.
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