secwatch.observer — SEC 8-K summary
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Issuer:     CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK:        0000814676
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001437749-23-013044
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814676/000143774923013044/0001437749-23-013044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814676/000143774923013044/cpsh20230507_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013044

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