secwatch.observer — SEC 8-K summary
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Issuer:     CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK:        0000814676
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001437749-22-025704
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS Technologies Q3 revenue $6.7M (+22% YoY), operating profit $709k vs loss of $88k
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- Revenue of $6.7M was up 22% YoY; operating profit of $709k reversed a $88k loss in Q3 2021.
- Year-to-date operating profit of $1.9M, up 858% from $201k in prior year.
- Net income of $988k ($0.07 EPS) vs $2.7M ($0.18) prior year due to a $2.8M tax benefit reversal in 2021.
- CEO highlighted record HybridTech Armor U.S. Navy order and new product wins driving momentum into FY23.
- Cash $5.6M, equity $15.3M; balance sheet remains strong.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814676/000143774922025704/0001437749-22-025704-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814676/000143774922025704/cpsh20221103_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-025704

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