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 Corp. (NASDAQ: CPSH) is a manufacturing and technology company focused on high-performance material solutions and energy management components for demanding applications. This news page aggregates company announcements, earnings releases, contract wins, and research awards so readers can follow how CPS executes on its strategy in transportation, energy, aerospace, and defense markets.
Recent press releases describe record quarterly revenue, improved profitability, and strong demand for CPS’s core product lines. The company has reported contracts such as a multi-million dollar agreement with a longstanding, multinational semiconductor manufacturer for advanced power module components used in high-speed rail and energy and grid infrastructure. CPS also discloses public offerings of common stock under a shelf registration statement, with stated uses of proceeds that include working capital, capital expenditures, and expansion of production capacity through a move to a larger facility.
In addition to commercial contracts, CPS regularly announces government-funded research programs, including SBIR and STTR awards from U.S. agencies. These cover areas such as impact limiters for transporting spent nuclear fuel and high-level radioactive waste, weight reduction for the Amphibious Combat Vehicle, and development of a controlled fragmentation tungsten warhead using the company’s proprietary injection molding process.
Investors and observers can use this CPSH news feed to review official communications on financial results, capital markets activity, new contracts, and research initiatives. Each item reflects information the company has chosen to disclose publicly, including its perspective on demand trends, operational performance, and the evolution of its high-performance materials portfolio.
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.
CPS Technologies Corporation (NASDAQ:CPSH) reported a revenue increase to $6.2 million for Q4 2021, compared to $4.2 million in Q4 2020, marking a 50% growth. The full year revenue reached $22.4 million, up from $20.9 million in 2020, but operating profit decreased to $513 thousand from $914 thousand. Notably, $2.7 million of net profit was attributed to the reversal of a deferred tax valuation allowance. CPS expressed optimism for continued growth into 2022, supported by a strong booking-to-shipping ratio of 165% in 2021.
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.