CPS Tech reports record FY2022 revenue $26.6M, op income $2.2M, both all-time highs

CPS TECHNOLOGIES CORP/DE/

FY2022 revenue $26.6M (+19% YoY); operating income $2.2M (+335% YoY), both record highs.
Q4 revenue $6.1M, operating profit $309K vs $312K in prior-year quarter.
Gross margin improved to 27% from 21% in FY2021; net income $2.1M ($0.15 EPS) vs $3.2M ($0.22 EPS) due to prior year tax benefit.
Cash and equivalents rose to $8.3M from $5.1M; CEO expects continued momentum in 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CPS TECHNOLOGIES CORP/DE/ reported the year ended December 31, 2022 results: revenue $26.6 million, net income $2.13 million, EPS $0.15.

Period: the year ended December 31, 2022
Revenue: $26.6 million
Net income: $2.13 million
EPS: $0.15
Result: reported results

Exact text from the filing

For the year ended December 31, 2022 revenues were $26.6 million with an operating profit of $2.2 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CPS TECHNOLOGIES CORP/DE/ reported the quarter ended December 31, 2022 results: revenue $6.1 million, net income $0.27 million, EPS $0.02.

Period: the quarter ended December 31, 2022
Revenue: $6.1 million
Net income: $0.27 million
EPS: $0.02
Result: reported results

Exact text from the filing

CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $6.1 million and an operating profit of $309 thousand for the quarter ended December 31, 2022.

View on SEC.gov

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Source: SEC EDGAR

accession 0001437749-23-005770

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