secwatch.observer — SEC 8-K summary
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Issuer:     CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK:        0000814676
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001437749-23-005770
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814676/000143774923005770/0001437749-23-005770-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814676/000143774923005770/cpsh20230308_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-005770

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