CPS Technologies Q4 rev $6.2M (+50% YoY); FY net income $3.2M includes $2.7M tax benefit

CPS TECHNOLOGIES CORP/DE/

Q4 2021 revenue $6.2M, operating profit $312K vs Q4 2020 loss of $291K.
Full-year 2021 revenue $22.4M (+7.4% YoY); operating profit $513K vs $914K prior year.
Net income $3.2M includes $2.7M reversal of deferred tax valuation allowance; basic EPS $0.22 vs $0.07.
2021 bookings were 165% of shipments; management expects continued growth in 2022.
Cash and equivalents increased to $5.05M from $195K at year-end 2020.

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