---
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"
generated_at: "2026-06-05T00:57:30.281372+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CPS Technologies Q4 revenue up 10% to $6.7M; net income down to $0.2M from $0.3M; full year revenue record $27.6M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-007059
- JSON: https://secwatch.observer/filing/0001437749-24-007059.json
- Plain text: https://secwatch.observer/filing/0001437749-24-007059.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal fourth quarter ended December 30, 2023
  - Revenue: $6.7 million
  - Net income: $0.2 million
  - EPS: $0.01 per diluted share
  - Result: reported results
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/814676/000143774924007059/0001437749-24-007059-index.htm
- Earnings Releases
  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.
  - Period: year ended December 30, 2023
  - Revenue: $27.6 million
  - Net income: $1,370,296
  - EPS: $0.09 per basic common share
  - Result: reported results
  source text: We finished the year with the highest annual revenue in the Company's history – $27.6 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/814676/000143774924007059/0001437749-24-007059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.