CPS Technologies Corporation Announces First Quarter 2019 Results
CPS Technologies Corp. (CPSH)
US:NASDAQ Investor Relations:
alsic.com/investors
Company Research
Source: GlobeNewswire
NORTON, Mass., May 01, 2019 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $5.3 million and an operating loss of $744 thousand for the quarter ended March 30, 2019. This compares with revenues of $4.2 million and an operating loss of $764 thousand for the quarter ended March 31, 2018. Grant Bennett, President and CEO, said: “Revenues were up in the first quarter compared to a year ago, but were below our plan for the quarter due to demand from a large customer being depressed by supply issues caused by other suppliers. The gross margin percentage in the first quarter of 2019 of 3% was the same as the percentage earned in the first quarter last year; we did not generate the flow-through of margin on the extra $1 million of revenue that we typically see. The reasons for this include increased costs from the addition of new hires, training inefficiencies and an increase in plant maintenance and repair expenditures. These costs would have
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CPSH
News
- CPS Technologies Co. (NASDAQ: CPSH) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- CPS Technologies Co. (NASDAQ: CPSH) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- CPS Technologies Co. (NASDAQ: CPSH) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- CPS Technologies Co. (NASDAQ: CPSH) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- CPS Technologies Co. (NASDAQ: CPSH) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
CPSH
Sec Filings
- 3/19/24 - Form 4
- 3/14/24 - Form DEF
- 3/14/24 - Form 10-K
- CPSH's page on the SEC website