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. reports company developments tied to its advanced materials manufacturing business, including metal matrix composites, hermetic packaging, power module components and lightweight HybridTech Armor®. News commonly covers quarterly operating results, production rates, customer orders and demand across transportation, energy, electronics, telecommunications, aerospace and defense applications.
Recurring updates also include contracts for aluminum silicon carbide components used in high-speed rail and grid infrastructure, funded defense research involving lighter vehicle materials, production-capacity planning, capital actions and executive leadership changes. The company’s disclosures connect its materials technology to electrification, high-reliability electronics, satellite and avionics markets.
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.
CPS Technologies Corporation (NASDAQ:CPSH) announced the retirement of Grant Bennett as president and CEO effective July 1, 2021, after 29 years in the role. Michael McCormack, previously COO, will succeed him. Chairman Francis Hughes praised Bennett's long service and leadership. Bennett expressed confidence in McCormack's abilities to lead CPS into a new chapter, highlighting the company's innovation in metal-matrix composite technology. CPS specializes in high-performance energy management components for electrification and defense applications.
CPS Technologies Corporation (NASDAQ:CPSH) has made available a recording of its April 29, 2021, Investor Call on its website. Key discussion points include Grant Bennett's introductory remarks and Chuck Griffith's financial results review. New developments were highlighted across primary markets including power modules and aerospace. The company discussed its product pipeline and core competency in adjacent technical spaces. The investor Q&A section shed light on electric charging stations and equity raises. A full replay of the webcast can be accessed via the Investor Call Transcripts link on the company's investor page.
CPS Technologies Corporation (NASDAQ:CPSH) reported first-quarter revenues of $4.9 million with an operating profit of $36 thousand, down from $6.5 million and $622 thousand a year earlier. Despite lower year-over-year revenues, the company noted a 17% increase in revenues compared to the fourth quarter of 2020. Demand for hermetic packaging products in the aerospace and defense sectors is increasing, although the AlSiC baseplate business remains sluggish. CPS anticipates continued improvement in demand as the pandemic's effects lessen, with optimism for 2021 performance.
CPS Technologies Corporation (CPSH) announced its quarterly investor conference call scheduled for April 29, 2021, at 4:45 PM Eastern Time. During the call, President Grant Bennett and CFO Chuck Griffith will discuss financial results for the quarter ending March 27, 2021. Interested participants can join by calling 1-833-953-1394 with the Conference ID: 4584929. CPS specializes in high-performance energy management components, supporting the electrification of various sectors including electric vehicles and renewable energy.