CPS Technologies Corporation Announces First Quarter 2024 Financial Results
CPS Technologies Corp. (CPSH)
US:NASDAQ Investor Relations:
alsic.com/investors
Company Research
Source: GlobeNewswire
NORTON, Mass., May 01, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal first quarter ended March 30, 2024. First Quarter Summary Revenue of $5.9 million for the first quarter of 2024 versus $7.1 million in the prior-year period, primarily due to further quality control testing and production staffing challengesGross margin of 15.3 percent versus 31.6 percent in the first quarter of 2023, largely due to lower manufacturing efficiencies and non-revenue producing quality control costsOperating loss of $0.3 million for the quarter ended March 30, 2024 compared to an operating profit of $0.7 million in the prior-year periodThe Company announced the signing of a manufacturing license agreement with Triton Systems for Fiber-Reinforced Aluminum (FRA) Composites® to address key customer requirements through the expansion of its product portfolio “Our revenue came in lower than last year, given th
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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
- Sidoti Events, LLC's Virtual May Micro-Cap Conference [Yahoo! Finance]Yahoo! Finance
- CPS Technologies Corporation (NASDAQ:CPSH) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- CPS Technologies to Participate in Sidoti Microcap Virtual ConferenceGlobeNewswire
CPSH
Sec Filings
- 5/7/24 - Form 10-Q
- 5/3/24 - Form 8-K
- 4/29/24 - Form 8-K
- CPSH's page on the SEC website