earnings
confidence high
sentiment positive
materiality 0.80
CPS Tech Q2 revenue $7.1M record high; operating profit up 164% YoY
CPS TECHNOLOGIES CORP/DE/
2022-Q2 EPS reported
$0.06
revenue$13,723,457
- Revenue $7.1M (+21% YoY, +6.3% QoQ), company's highest quarterly revenue.
- Operating profit $669K (+164% YoY); net income $455K ($0.03 EPS) vs $239K ($0.02).
- Gross margin $1.83M (25.9% of sales) up from $1.35M (23.0%) a year ago.
- Cash $5.08M; total assets $19.0M; no significant debt or liquidity concerns.
- CEO highlights SBIR/STTR contract awards from Army and Navy, two contracts.