CPS Technologies

CPS Technologies Corp. engages in the provision of advanced material solutions to the transportation, automotive, energy, computing or Internet, telecommunications, aerospace, defense, and oil and gas end markets. The firm focuses on the design, manufacture, and sale of custom metal matrix composite components. It also assembles housings and packages for hybrid circuit. The company was founded in 1984 and is headquartered in Norton, MA.

Earnings data Q1 2021

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CPS Technologies reports Q2 losses, eyes government contracts for growth

CPS Technologies navigated challenges in Q2, including revenue decline, labor shortages, and losses from a new product, resulting in an operating loss of $1.3 million.
Despite these obstacles, the company maintained a healthy cash balance of $6.3 million and expressed optimism for improvement in the upcoming quarters.
Receipt of a new government contract award and strategic focus on addressing operational issues signal potential opportunities for growth and recovery in the future.

CPS Technologies reports Q3 losses but eyes growth opportunities ahead

CPS Technologies faced challenges in Q3 with revenue decline and operational losses.
Despite setbacks, the company remains optimistic about future growth prospects.
Securing new contracts and improving operational efficiency are key focus areas for CPS Technologies.
Management's commitment to innovation and growth underpins the company's strategic direction.

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Discover why Zacks, being the first on Wall Street to initiate the stock coverage, rates CPS Technologies as "Neutral." Explore how CPSH is expanding in advanced materials for defense, clean energy and semiconductors but is facing near-term challenges from margin pressures and revenue dips.

Zacks Initiates Coverage of CPS Technologies With Neutral Recommendation

NORTON, Mass., Dec. 05, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) (“CPS” or the “Company”) today announced the appointment of I. James Cavoli to its Board of Directors. Jim currently serves as president of Swagelok Company, a worldwide manufacturer of fluid system components and engineered assemblies. Jim was appointed chief operating officer of Swagelok Company in 2020 and named president in 2021. During his tenure as president, Jim grew the company's market cap by 75%. Prior to that he served as vice president, distributor support services. In 2010, Jim joined Swagelok Company as director, strategic sales and was named vice president and chief financial officer in 2014. Prior to joining Swagelok, Jim served as a captain in the U.S. Army, finance manager for Ford Motor Company, and general manager for Progressive Insurance. In 2004, he started LS Insights, a national financial brokerage firm. Jim holds Bachelor of Science degrees in accounting and international management from Georgetown University and an M.B.A. from Harvard Business School.

CPS Technologies Announces the Appointment of James Cavoli to its Board of Directors

NORTON, MA / ACCESSWIRE / November 14, 2024 / CPS Technologies Corp. (NASDAQ:CPSH) ("CPS" or the "Company") today announced that it will participate in the upcoming Investor Summit Microcap Virtual Conference on November 21, 2024. The Company will be available for one-on-one meetings throughout the day, in addition to a general presentation.

CPS Technologies to Present at Virtual Investor Summit Microcap Event on November 21

CPS Technologies Corporation (NASDAQ:CPSH ) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Chris Witty - Investor Relations Advisor Chuck Griffith - Chief Financial Officer Brian Mackey - President and CEO Conference Call Participants Operator Good day everyone. And welcome to the CPS Technologies Third Quarter Earnings Call.

CPS Technologies Corporation (CPSH) Q3 2024 Earnings Call Transcript

CPSH Q3 bottom line hurt by the end of the U.S. Navy HybridTech Armor agreement with contractor Kinetic Protection, reduced orders from a major client and excess inventory.

CPS Technologies Reports Y/Y Earnings & Revenue Declines in Q3

NORTON, Mass., Oct. 30, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it has received an award, valued at approximately $12 million, from a major, longstanding customer to provide power module components and related solutions.

CPS Technologies Announces $12 Million Contract with Semiconductor OEM

NORTON, Mass., Oct. 28, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (Nasdaq:CPSH) today released instructions for its third quarter 2024 investor conference call which will be held on Thursday October 31, 2024 at 9:00 A.M. (Eastern). Brian Mackey, President and CEO and Chuck Griffith, Chief Financial Officer will discuss the Company's financial results for the quarter ended September 28, 2024.

CPS Technologies Corp. Conference Call Notification

NORTON, Mass., Sept. 17, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it has been awarded its second Phase II SBIR contract this year. This award, from the U.S. Department of Energy, will provide funding of $1.1 million over 24 months for CPS to continue its development effort for “Modular Radiation Shielding for Transportation and Use of Microreactors.” The Company's Phase II effort will again be led by materials scientist Matthew Karnick, who served as the principal investigator during the successful Phase I project.

CPS Technologies Corporation Announces Phase II Award from the Department of Energy

CPS Technologies Corporation (NASDAQ:CPSH ) Q2 2024 Earnings Call August 1, 2024 9:00 AM ET Company Participants Chris Witty - Investor Relations Chuck Griffith - Chief Financial Officer Brian Mackey - President and Chief Executive Officer Conference Call Participants Greg Weaver - Invicta Capital Operator Good morning, everyone, and welcome to the CPS Technologies' Second Quarter 2024 Earnings Call. [Operator Instructions] We will open the floor for your questions and comments after the presentation.

CPS Technologies Corporation (CPSH) Q2 2024 Earnings Call Transcript

Performance Impacted by Contract Completion as Company Focuses on New Business Development Performance Impacted by Contract Completion as Company Focuses on New Business Development

CPS Technologies Corporation Announces Second Quarter 2024 Financial Results

NORTON, Mass., June 25, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it has been awarded a Phase II SBIR contract from the U.S. Navy Air Systems Command (NAVAIR). With funding of more than $1 million over 30 months, CPS will continue its development of novel metal matrix composites (MMCs) for thermal energy storage to address the requirements of NAVAIR's Advanced Anti-Radiation Guided Missile - Extended Range (AARGM-ER) program.

CPS Technologies Corporation Announces Navy SBIR Phase II Award

CPS Technologies Corporation (NASDAQ:CPSH ) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Charles Griffith - Chief Financial Officer Chris Witty - Investor Relations Brian Mackey - Chief Executive Officer and President Conference Call Participants Greg Weaver - Invicta Capital Operator Good morning, everyone and welcome to the CPS Technologies' First Quarter Earnings Call. At this time, all participants have been placed on a listen-only mode and we will open the floor for questions after the presentation.

CPS Technologies Corporation (CPSH) Q1 2024 Earnings Call Transcript

NORTON, Mass., May 03, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that, as it did last year, the Company will participate in the Sidoti Microcap Virtual Conference on May 8 and 9, 2024. A general presentation by management will be held at 9:15 a.m. Eastern on May 8, with one-on-one calls scheduled throughout the 8th and 9th; institutional investors are encouraged to contact Sidoti directly or CPS investor relations with any questions or to confirm a time to speak with management. The general presentation will be webcast and will subsequently be made available on the Company's website.

CPS Technologies to Participate in Sidoti Microcap Virtual Conference

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.

CPS Technologies Corporation Announces First Quarter 2024 Financial Results

CPS Technologies Corporation (CPSH) Q4 2023 Earnings Call Transcript

Finished Year with Record Top Line Results; Large Pipeline of Opportunities for 2024 & Beyond Finished Year with Record Top Line Results; Large Pipeline of Opportunities for 2024 & Beyond

CPS Technologies Corporation Announces Fourth Quarter 2023 Financial Results

NORTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced it has received an award from the Massachusetts Manufacturing Accelerate Program (“MMAP”) in response to a proposal submitted by the Company in the fourth quarter of 2023. The award, valued at $200,000, will support the purchase of a 5-axis CNC machine and expand the Company's manufacturing capabilities to better serve its clients.

CPS Technologies Announces MMAP Award

NORTON, Mass., Nov. 28, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it will participate in the Virtual Investor Summit conference, open to institutional investors, on December 7. A general presentation, to be webcast live, will be held at 10:00 am Eastern.

CPS Technologies Corporation to Participate in Virtual Investor Summit on December 7, 2023

CPS Technologies Corporation (NASDAQ:CPSH ) Q3 2023 Results Conference Call November 2, 2023 9:00 AM ET Company Participants Chuck Griffith - CFO Brian Mackey - President and CEO Chris Witty - IR Conference Call Participants Greg Weaver - Invicta Capital Operator Good day, everyone, and welcome to the CPS Technologies Third Quarter 2023 Earnings Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Chuck Griffith, Chief Financial Officer of CPS Technologies.

CPS Technologies Corporation (CPSH) Q3 2023 Earnings Call Transcript

NORTON, Mass., Nov. 01, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal third quarter ended September 30, 2023.

CPS Technologies Corporation Announces Third Quarter 2023 Financial Results

NORTON, Mass., Sept. 19, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it has received a phase I SBIR award, valued at approximately $200,000, from the U.S. Department of Energy, its first such grant from this agency.

CPS Technologies Receives SBIR Award

NORTON, Mass., Sept. 05, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced that it has received an award, valued at approximately $7.7 million, from a major, longstanding customer to provide power module components and related solutions.

CPS Technologies Receives $7.7 Million Award

CPS Technologies Corporation (NASDAQ:CPSH ) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Charles Griffith - Acting President and Chief Financial Officer Chris Witty - Investor Relations Brian Mackey - Incoming President and Chief Executive Officer Anthony Koski - Corporate Development Officer Conference Call Participants Operator Good day, and welcome to the CPS Technologies Second Quarter 2023 Earnings Call. At this time all participants have been on a listen-only mode.

CPS Technologies Corporation (CPSH) Q2 2023 Earnings Call Transcript

Record Revenue of $7.4 Million; Strong Outlook Continues; New CEO Poised to Take Helm Record Revenue of $7.4 Million; Strong Outlook Continues; New CEO Poised to Take Helm

CPS Technologies Corporation Announces Second Quarter 2023 Financial Results

NORTON, Mass., July 21, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ: CPSH) (“CPS” or the “Company”) today announced that Brian Mackey, a seasoned professional with over 20 years of executive leadership experience, has been appointed president and chief executive officer of CPS effective August 14, 2023. His selection comes at the conclusion of an exhaustive search for an appropriate individual following Michael McCormack's resignation in April, after which the Company's CFO, Chuck Griffith, has served as acting president.

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