CPS Tech Q3 revenue up 24% to $5.5M; operating loss of $88K on $327K restructuring costs

CPS TECHNOLOGIES CORP/DE/

2021-Q3 EPS reported $0.21 revenue$16,242,762

Revenue $5.5M (+24% YoY); operating loss $88K vs profit $253K last year.
Net income $2.8M includes $2.84M reversal of deferred tax valuation allowance (non-cash).
Book-to-bill ratio of 158%, signaling strong demand and expected growth.
Non-recurring restructuring costs of $327K in Q3 to streamline operations.
Cash increased to $3.8M from $0.2M at year-end 2020.

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