---
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"
generated_at: "2026-06-15T15:01:34.164708+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CPS Technologies Q1 revenue $7.1M record, gross margin up 210 bps, operating profit +27% YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-013044
- JSON: https://secwatch.observer/filing/0001437749-23-013044.json
- Plain text: https://secwatch.observer/filing/0001437749-23-013044.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal first quarter ended April 1, 2023
  - Revenue: $7.1 million
  - Net income: $0.5 million, or $0.03 per diluted share
  - EPS: $0.03 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/814676/000143774923013044/0001437749-23-013044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.