secwatch.observer — SEC 8-K summary
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Issuer:     CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK:        0000814676
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001437749-22-011084
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814676/000143774922011084/0001437749-22-011084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814676/000143774922011084/cpsh20220505_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-011084

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