Cps Technologie Stock Price, News & Analysis

CPS Technologies Corp. (Nasdaq:CPSH) has announced its year-end 2021 investor conference call scheduled for March 3, 2022, at 4:45 PM (Eastern). CEO Michael McCormack and CFO Chuck Griffith will review the financial results for the quarter and year ending December 25, 2021. Interested participants can join the call by dialing 1-833-953-1394 with Conference ID: 3587843. CPS is a leader in energy management components, supporting sectors like electric vehicles, 5G infrastructure, and aerospace with innovative technology and manufacturing capabilities.

CPS Technologies Corporation (NASDAQ:CPSH) announced over $37 million in orders for Fiscal Year 2021, surpassing the total bookings of the previous two years. The company’s Book to Bill ratio stands at a healthy 1.7, indicating strong growth momentum. President Michael McCormack attributes this success to CPS solutions that meet customer demands, particularly in Aerospace and Defense markets. The company is optimistic about converting these orders into increased revenue and earnings, supported by recent investments in facilities and personnel.

CPS Technologies Corporation (NASDAQ:CPSH) reported revenues of $5.5 million for Q3 2021, a 24% increase from Q3 2020, while facing an operating loss of $88 thousand. The quarter's results were affected by $327 thousand in non-recurring restructuring costs. Although the company reported a net profit of $2.8 million, this was due to a reversal of a deferred tax valuation allowance rather than operational performance. CPS remains optimistic about future growth prospects and ongoing demand, especially in defense and energy management sectors.

CPS Technologies Corporation (Nasdaq:CPSH) announced its quarterly investor conference call set for October 27, 2021, at 4:45 PM (Eastern). The call will feature presentations by President Michael McCormack and CFO Chuck Griffith, discussing the company's financial results for the three and nine months ending September 25, 2021. Interested participants can join by calling 1-833-953-1394 with Conference ID 8251606.

CPS is a leader in high-performance energy management components, supporting various sectors like electric vehicles and 5G infrastructure.

CPS Technologies Corp. (Nasdaq:CPSH) announced over $11 million in orders for Hermetic Packages this year, with record revenue and bookings contributing significantly to its bottom line. CEO Michael McCormack highlighted the strong performance across all product lines, while VP of Sales Cheryl Oliveira emphasized growth in Aerospace, Defense, and Power Electronics sectors. CFO Chuck Griffith noted that the order flow from both new and existing customers has already exceeded last year's total Hermetic Package revenue by over 100%, positioning CPS for ongoing growth in the market.

CPS Technologies Corporation (NASDAQ:CPSH) reported revenues of $5.9 million with an operating profit of $253 thousand for Q2 2021. This shows a slight increase in revenue compared to $5.8 million and operating profit of $331 thousand in the same quarter of 2020. The company noted a 20% revenue increase from Q1 2021, driven by demand for hermetic packaging and new pre-production AlSiC orders. CPS expressed optimism about future growth, stating that demand is recovering post-pandemic, and they intend to invest in production capacity and product development.

CPS Technologies Corporation (CPSH) announced its quarterly investor conference call scheduled for July 28, 2021, at 4:45 P.M. Eastern Time. CEO Michael McCormack and CFO Chuck Griffith will discuss financial results for the three and six months ending June 26, 2021. Interested participants can join the call by dialing 1-833-953-1394 with Conference ID 1989645. CPS is a leader in high-performance energy management solutions for various applications, including electric vehicles and aerospace. The company emphasizes its commitment to innovation and customer support.

CPS Technologies Corporation (Nasdaq:CPSH) announced the hiring of Timothy Davis as Strategic Account Manager, focusing on the Southeastern U.S. market. With over 20 years of experience in the electronics sales industry, Davis aims to drive CPS's growth in previously unrepresented regions. CEO Michael McCormack emphasized the potential for growth in CPS's product lines, particularly in new product development. CPS specializes in high-performance energy management components and is committed to innovation in sectors such as electric vehicles and aerospace.

CPS Technologies Corporation (NASDAQ:CPSH) announced a $5.8M purchase order for HybridTech Armor® Panels from Kinetic Protection, part of an integrated ballistic protection system for U.S. Navy Nimitz-class aircraft carriers. This order includes four additional ship sets, enhancing the safety of sailors operating crew-served weapons stations. The hybrid armor system is lightweight, durable, and resistant to salt spray and sunlight, making it ideal for maritime environments. The collaboration aims to strengthen protective measures for sailors aboard over 400 Navy surface ships.