CPS Tech Q3 revenue $4.2M (-33% YoY); net loss $0.07/share vs +$0.01

CPS TECHNOLOGIES CORP/DE/

2024-Q3 EPS reported -$0.15 revenue$15,190,063

Revenue $4.2M vs $6.3M prior year; gross margin -12% vs 20% due to lower shipments and third-shift costs.
Operating loss $1.5M vs profit $0.1M; net loss $1.0M ($0.07 diluted EPS) vs net income $0.2M ($0.01 EPS).
New awards: $12M semiconductor power module contract, $1.1M DOE Phase II, $200K NAVAIR development contract.
CEO cites third shift starting in late August; improved Q4 revenue expected; book-to-bill ratio 1.22.
Nine-month revenue $15.2M vs $20.8M; net loss $2.1M vs net income $1.2M in prior-year period.

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