secwatch.observer — SEC 8-K summary
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Issuer:     CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK:        0000814676
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001437749-22-019103
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS Tech Q2 revenue $7.1M record high; operating profit up 164% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814676/000143774922019103/0001437749-22-019103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814676/000143774922019103/cpsh20220805_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-019103

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