{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-013044","form_type":"8-K","ticker":"CPSH","cik":"0000814676","company_name":"CPS TECHNOLOGIES CORP/DE/","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.343478+00:00","generated_at":"2026-06-15T15:01:34.164708+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CPS Technologies Q1 revenue $7.1M record, gross margin up 210 bps, operating profit +27% YoY","bullets":["Revenue $7.1M vs $6.7M YoY (+7%); gross margin 31.6% vs 29.5% (+210 bps).","Operating profit $0.7M vs $0.5M; net income $0.5M, diluted EPS $0.03 unchanged.","Book-to-bill ratio 112%; strong wins with leading aerospace customer and new SBIR contract.","CFO Chuck Griffith expects additional revenue and profit records in 2023.","Cash and equivalents $7.4M at quarter end; team expanded in business development and quality."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-013044","json":"https://secwatch.observer/filing/0001437749-23-013044.json","markdown":"https://secwatch.observer/filing/0001437749-23-013044.md","text":"https://secwatch.observer/filing/0001437749-23-013044.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/814676/000143774923013044/0001437749-23-013044-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/814676/000143774923013044/cpsh20230507_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T15:01:34.164708+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c28d3e50700ce9fb974ace57fbdbc9fa69848cb1","claim":"CPS TECHNOLOGIES CORP/DE/ reported the fiscal first quarter ended April 1, 2023 results: revenue $7.1 million, net income $0.5 million, or $0.03 per diluted share, EPS $0.03 per diluted share.","evidence_excerpt":"CPS reported revenue of $7.1 million for the first quarter of fiscal 2023 versus $6.7 million in the prior-year period, reflecting higher product shipments. Gross profit rose to $2.2 million, or 31.6 percent of revenue, from $2.0 million, or 29.5 percent of revenue, in the fiscal 2022 first quarter. The higher gross margin year-over-year reflects increased operating leverage and improved product mix. Operating profit rose to $0.7 million in the fiscal 2023 first quarter from $0.5 million in the prior-year period. Reported net income was $0.5 million, or $0.03 per diluted share, versus $0.4 million, or $0.03 per diluted share, in the quarter ended April 2, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/814676/000143774923013044/0001437749-23-013044-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal first quarter ended April 1, 2023"},{"label":"Revenue","value":"$7.1 million"},{"label":"Net income","value":"$0.5 million, or $0.03 per diluted share"},{"label":"EPS","value":"$0.03 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}