secwatch.observer — SEC 8-K summary
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Issuer:     CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK:        0000814676
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001437749-23-021797
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814676/000143774923021797/0001437749-23-021797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814676/000143774923021797/cpsh20230803_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-021797

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