secwatch.observer — SEC 8-K summary
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Issuer:     CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK:        0000814676
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001437749-24-033004
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814676/000143774924033004/0001437749-24-033004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814676/000143774924033004/cpsh20241101_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-033004

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