CPS Technologies Q1 revenue $6.7M, up 37% YoY; operating profit $547K vs $36K

CPS TECHNOLOGIES CORP/DE/

2022-Q1 EPS reported $0.03 revenue$6,652,714

Revenue $6.7M, highest quarterly revenue in company history; 37% increase from $4.9M in Q1 2021.
Operating profit $547K vs $36K; net income $419K ($0.03 EPS) vs $31K (nil EPS) prior year.
Operating profit exceeds full FY2021 operating profit; management cites growth initiatives.
COVID-19 impact minimal; no direct material effect from Ukraine war.
Received 2 SBIR/STTR awards (Army, Navy) in pre-contract phase; capacity expansion underway.

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