secwatch.observer — SEC 8-K summary
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Issuer:     CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK:        0000814676
Form:       8-K
Filed at:   2021-10-29T23:59:59+00:00
Accession:  0001437749-21-024626
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814676/000143774921024626/0001437749-21-024626-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814676/000143774921024626/cpsh20211028_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-024626

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer