CPS Technologies Q3 revenue falls to $6.3M, EPS $0.01; secures $7.7M European contract

CPS TECHNOLOGIES CORP/DE/

2023-Q3 EPS reported $0.08 revenue$20,803,447

Revenue $6.3M vs $6.7M YoY; net income $171K ($0.01 diluted EPS) vs $988K ($0.07)
Gross margin 19.7% vs 27.9% due to lower revenue and order timing
Operating profit $131K vs $709K in prior-year quarter
New $7.7M contract for power module components with European customer; SBIR grant from DOE
CEO expects record fiscal 2023 despite Q3 softness

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 1.0

CPS TECHNOLOGIES CORP/DE/ reported third quarter ended September 30, 2023 results: revenue $6.3 million, net income $0.2 million, or $0.01 per diluted share, EPS $0.01 per diluted share.

Period: third quarter ended September 30, 2023
Revenue: $6.3 million
Net income: $0.2 million, or $0.01 per diluted share
EPS: $0.01 per diluted share
Result: reported results

Exact text from the filing

2 ex_590738.htm EXHIBIT 99.1 ex_590738.htm Exhibit 99.1 FOR RELEASE: IMMEDIATE CPS Technologies Corporation Announces Third Quarter 2023 Financial Results Revenue of $6.3 Million; Company Remains on Track for Record Year Norton, Massachusetts – November 1, 2023 – CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial

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Source: SEC EDGAR

accession 0001437749-23-030146

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