secwatch.observer — SEC 8-K summary
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Issuer:     CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK:        0000814676
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001437749-23-030146
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814676/000143774923030146/0001437749-23-030146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814676/000143774923030146/cpsh20231102_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-030146

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