Every 10-Q that Cps Technologie (CPSH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CPSH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CPSH filings page.
CPS Technologies Corp. reported modestly higher quarterly revenue but weaker profitability in the quarter ended June 27, 2026. Q2 2026 product sales were $8.3 million, up 3% from Q2 2025, driven by semiconductor capital equipment and defense demand, partly offset by lower baseplate orders for power electronics.
Gross profit was $1.23 million (15% margin) versus $1.34 million (17%) a year earlier, with higher gold costs and other materials compressing margins. SG&A rose to $1.49 million, reflecting higher stock-based compensation, marketing, legal costs, and a CFO search. The company posted an operating loss of $0.26 million and net income of only $0.04 million in Q2; for the first half of 2026 it recorded a net loss of $0.26 million versus $0.20 million profit in 2025.
Liquidity strengthened significantly following a registered direct offering of 1,200,000 shares at $8.00, generating net proceeds of $8.98 million. Cash and cash equivalents increased to $15.35 million, supplemented by $3.80 million of marketable securities and an undrawn $3.0 million credit line. Inventories rose to $8.65 million as the company builds finished goods ahead of a planned facility relocation. Management cites inflation, tariffs and FX as ongoing cost and pricing headwinds but believes current cash resources are sufficient for the foreseeable future, with disclosure controls deemed effective and no material changes in risk factors.
CPS Technologies reported a Q1 2026 net loss of $294,179, compared with net income of $95,962 a year earlier, as softer demand from a major customer reduced sales and margins. Revenue declined to $7.0 million from $7.5 million, while gross margin compressed to 9% of sales from 16%, reflecting lower volume, gold-priced product at minimal margin, and higher R&D spending.
Operating loss was $523,000 versus operating income of $130,000 in Q1 2025. The company ended the quarter with $5.7 million in cash and $6.8 million in marketable securities, no borrowings on its $3.0 million credit line, and inventories up to $7.1 million as it builds stock for a key customer and a potential facility move. Management expects existing cash and operations to fund 2026, but notes customer concentration, inflation and macro uncertainty as ongoing risks.
CPS Technologies (CPSH) reported a sharp rebound in Q3 2025. Revenue rose to $8.8 million from $4.2 million a year ago, up 107%, driven by stronger demand in MMC and hermetic packages, higher SBIR funding, and pass-through gold pricing. Gross profit improved to $1.5 million (17% of sales) from a loss last year, lifting operating income to $276 thousand and net income to $208 thousand, or $0.01 per diluted share.
For the first nine months, revenue reached $24.4 million (up 61%) with net income of $408 thousand. Cash and cash equivalents were $3.23 million and marketable securities were $1.05 million as of September 27, 2025; inventories were $5.38 million. The company had no borrowings on its $3.0 million revolving credit line, which was extended to August 5, 2026.
Subsequent event: On October 8, 2025, CPS closed an equity raise of 3,450,000 shares at $3.00 per share for net proceeds of $9,540,025, intended to support a potential facility relocation and growth investments. Shares outstanding were 17,979,277 as of October 20, 2025. CPS also expensed $899,728 of unamortized Section 174 R&E costs in Q3 under new tax legislation.