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Stock impact report

CPS Technologies Corporation Announces First Quarter 2021 Results

CPS Technologies Corp. (CPSH) 
US:NASDAQ Investor Relations: alsic.com/investors
Company Research Source: GlobeNewswire
NORTON, Mass., April 29, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $4.9 million and an operating profit of $36 thousand for the quarter ended March 27, 2021. This compares with revenues of $6.5 million and an operating profit of $622 thousand for the quarter ended March 28, 2020. Grant Bennett, President and CEO, said: “As the impact of the pandemic begins to subside, revenues in the first quarter 2021 showed continuing improvement over revenues in the third and fourth quarters of 2020, even though revenues in the first quarter were lower than the same period a year ago. We previously commented that in the first quarter 2020 customers accelerated deliveries because of supply chain uncertainties as the pandemic began to spread. We also commented last quarter that we felt the fourth quarter 2020 was the low point in terms of reduced demand caused by the pandemic. Our first quarter 2021 results confirm this to be the ca Show less Read more
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