{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-007059","form_type":"8-K","ticker":"CPSH","cik":"0000814676","company_name":"CPS TECHNOLOGIES CORP/DE/","filed_at":"2024-03-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.994033+00:00","generated_at":"2026-06-05T00:57:30.281372+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CPS Technologies Q4 revenue up 10% to $6.7M; net income down to $0.2M from $0.3M; full year revenue record $27.6M","bullets":["Q4 2023 revenue $6.7M (+10% YoY); gross margin 17.0% vs 26.6% due to quality issues with major customer.","Operating profit $0.1M (vs $0.3M); net income $0.2M ($0.01 EPS) vs $0.3M ($0.02 EPS).","Full year 2023 revenue record $27.6M (vs $26.6M); net income $1.37M ($0.09 EPS) vs $2.13M ($0.15 EPS).","CEO says quality issues largely mitigated; U.S. Navy HybridTech Armor contract expected to complete in Q2 2024.","Company continues to invest for future; pipeline of opportunities for 2024 and beyond."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-007059","json":"https://secwatch.observer/filing/0001437749-24-007059.json","markdown":"https://secwatch.observer/filing/0001437749-24-007059.md","text":"https://secwatch.observer/filing/0001437749-24-007059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/814676/000143774924007059/0001437749-24-007059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/814676/000143774924007059/cpsh20240308_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T00:57:30.281372+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4436f7723e5dbe10cb8f1e3dc13c91869f059c21","claim":"CPS TECHNOLOGIES CORP/DE/ reported fiscal fourth quarter ended December 30, 2023 results: revenue $6.7 million, net income $0.2 million, EPS $0.01 per diluted share.","evidence_excerpt":"(NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal fourth quarter ended December 30, 2023. Fourth Quarter Highlights ● Revenue of $6.7 million for the fourth quarter of 2023 versus $6.1 million in the prior-year period, primarily due to growth in shipments ● Gross margin of 17.0 percent versus 26.6 percent in the fourth","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/814676/000143774924007059/0001437749-24-007059-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal fourth quarter ended December 30, 2023"},{"label":"Revenue","value":"$6.7 million"},{"label":"Net income","value":"$0.2 million"},{"label":"EPS","value":"$0.01 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a202518fc320ee08d452e2fceabed1c92d9bde4d","claim":"CPS TECHNOLOGIES CORP/DE/ reported year ended December 30, 2023 results: revenue $27.6 million, net income $1,370,296, EPS $0.09 per basic common share.","evidence_excerpt":"We finished the year with the highest annual revenue in the Company's history – $27.6 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/814676/000143774924007059/0001437749-24-007059-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 30, 2023"},{"label":"Revenue","value":"$27.6 million"},{"label":"Net income","value":"$1,370,296"},{"label":"EPS","value":"$0.09 per basic common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}