---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-014588"
form_type: "8-K"
ticker: "CPSH"
cik: "0000814676"
company_name: "CPS TECHNOLOGIES CORP/DE/"
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:35:57.838339+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CPS Technologies Q1 revenue down 17% to $5.9M; net loss of $0.1M vs net income of $0.5M

## Summary
- Revenue $5.9M vs $7.1M YoY; gross margin fell to 15.3% from 31.6% due to quality control costs and lower volumes.
- Operating loss of $0.3M vs profit of $0.7M; diluted EPS of -$0.01 vs +$0.03.
- Signed manufacturing license with Triton Systems for Fiber-Reinforced Aluminum Composites to expand product portfolio.
- Revenue expected to be impacted by lower HybridTech Armor sales in coming quarters.
- Company submitted four Phase I and two Phase II SBIR proposals; presented radiation shielding composite with 55% mass reduction.

## SEC filing metadata
- accession: 0001437749-24-014588
- form_type: 8-K
- ticker: CPSH
- cik: 0000814676
- company_name: CPS TECHNOLOGIES CORP/DE/
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814676/000143774924014588/0001437749-24-014588-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814676/000143774924014588/cpsh20240503_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-014588
- JSON: https://secwatch.observer/filing/0001437749-24-014588.json
- Plain text: https://secwatch.observer/filing/0001437749-24-014588.txt

## Key facts
- Earnings Releases
  CPS TECHNOLOGIES CORP/DE/ reported the quarter ended March 30, 2024 results: revenue $5.9 million, net income $0.1 million, EPS $(0.01) per diluted share.
  - Period: the quarter ended March 30, 2024
  - Revenue: $5.9 million
  - Net income: $0.1 million
  - EPS: $(0.01) per diluted share
  - Result: reported results
  source text: Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal first quarter ended March 30, 2024. First Quarter Summary ● Revenue of $5.9 million for the first quarter of 2024 versus $7.1 million in the prior-year period, primarily due to further quality control testing and production staffing challenges ● Gross margin of
  evidence_url: https://www.sec.gov/Archives/edgar/data/814676/000143774924014588/0001437749-24-014588-index.htm

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