CPS Tech Q2 revenue record $7.4M; gross margin up 370bps; new CEO named

CPS TECHNOLOGIES CORP/DE/

2023-Q2 EPS reported $0.07 revenue$14,518,405

Revenue rose 5% YoY to record $7.4M; gross margin 29.6% vs 25.9% a year ago.
Net income $0.6M ($0.04 diluted EPS) vs $0.5M ($0.03) in prior-year quarter.
Operating profit $0.7M slightly higher YoY; trailing 12-month book-to-bill 108%.
Brian Mackey selected as new president and CEO, effective around report date.
Improved product mix and operating leverage drove gross margin expansion.

item 2.02 item 9.01

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 fiscal second quarter ended July 1, 2023 results: revenue $7.4 million, net income $0.6 million, or $0.04 per diluted share.

Period: the fiscal second quarter ended July 1, 2023
Revenue: $7.4 million
Net income: $0.6 million, or $0.04 per diluted share
Result: reported results

Exact text from the filing

CPS Technologies Corporation Announces Second Quarter 2023 Financial Results Record Revenue of $7.4 Million;

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Source: SEC EDGAR

accession 0001437749-23-021797

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