secwatch.observer — SEC 8-K summary
======================================

Issuer:     CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK:        0000814676
Form:       8-K
Filed at:   2022-03-07T23:59:59+00:00
Accession:  0001437749-22-005387
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814676/000143774922005387/0001437749-22-005387-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814676/000143774922005387/cpsh20220307_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-005387

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