Highest-materiality recent filing
CPS Technologies Q2 revenue up 2.5% to $8.3M; operating loss of $0.2M vs profit year ago
Revenue $8.3M vs $8.1M in Q2 2025; gross margin 14.8% vs 16.5%.
CPS Technologies closes $9.6M registered direct offering of 1.2M shares at $8.00/share
Sold 1,200,000 shares of common stock at $8.00 per share in an at-the-market offering.
CPS Technologies Q1 revenue $7.0M, net loss $0.02 EPS; new CFO appointed
Revenue $7.0M vs $7.5M YoY; gross margin fell to 8.6% from 16.4%.
CPS Technologies reports record FY2025 sales of $32.6M; Q4 EPS $0.00 vs -$0.07
Revenue of $8.2M in Q4 2025 (up 39% YoY); full-year record revenue of $32.6M (up 54% YoY).
CPS Technologies Q3: Record revenue $8.8M, net income $0.01 EPS vs loss $0.07 YoY
Q3 revenue $8.8M, more than double vs $4.2M YoY; third consecutive record quarter.
CPS Technologies closes $9.5M public offering of 3.45M shares at $3.00
Sold 3,450,000 shares (including full overallotment of 450,000) at $3.00 per share.
CPS Tech Q2 revenue $8.1M record; net income $0.1M vs year-ago loss
Revenue $8.1M, up 62% YoY from $5.0M; gross margin improved to 16.5% from -4.6%.
CPS Technologies Q1 2025 record revenue of $7.5M, returns to profitability
Revenue $7.5M (+27% YoY from $5.9M), a quarterly record.
CPS Technologies Q4 2024 revenue $5.9M; net loss $0.07/shr vs prior-year profit $0.01/shr
Q4 revenue $5.9M, down 12% YoY from $6.7M; full-year revenue $21.1M, down 23% from $27.6M.
CPS Tech Q3 revenue $4.2M (-33% YoY); net loss $0.07/share vs +$0.01
Revenue $4.2M vs $6.3M prior year; gross margin -12% vs 20% due to lower shipments and third-shift costs.
CPS Technologies dismisses Wolf & Co., appoints PKF O'Connor Davies as auditor
Audit Committee dismissed Wolf & Company effective after completion of Q3 2024 10-Q review on October 11, 2024.
CPS Technologies Q2 revenue $5.0M, operating loss $1.3M as Navy armor contract ends
Revenue $5.0M vs $7.4M YoY; gross margin (4.6)% vs 29.6% on lower volumes and fixed costs.
CPS Technologies Q1 revenue down 17% to $5.9M; net loss of $0.1M vs net income of $0.5M
Revenue $5.9M vs $7.1M YoY; gross margin fell to 15.3% from 31.6% due to quality control costs and lower volumes.
Q4 2023 revenue $6.7M (+10% YoY); gross margin 17.0% vs 26.6% due to quality issues with major customer.
CPS Technologies enters executive employment and change of control agreement with CEO Brian Mackey
On November 21, 2023, CPS Technologies entered an executive agreement with CEO Brian Mackey.
CPS Technologies Q3 revenue falls to $6.3M, EPS $0.01; secures $7.7M European contract
Revenue $6.3M vs $6.7M YoY; net income $171K ($0.01 diluted EPS) vs $988K ($0.07)
CPS Tech Q2 revenue record $7.4M; gross margin up 370bps; new CEO named
Revenue rose 5% YoY to record $7.4M; gross margin 29.6% vs 25.9% a year ago.
CPS Technologies appoints Brian Mackey as President and CEO effective August 14, 2023
Brian Mackey appointed President and CEO effective August 14, 2023; replaces Michael McCormack who resigned in April.
CPS Technologies Q1 revenue $7.1M record, gross margin up 210 bps, operating profit +27% YoY
Revenue $7.1M vs $6.7M YoY (+7%); gross margin 31.6% vs 29.5% (+210 bps).
CPS Technologies CEO McCormack resigns; CFO Griffith named acting president
Michael McCormack resigned as President and CEO effective April 21, 2023; not related to any disagreement with the Company.
CPS Technologies enters change-of-control severance agreement with CFO Griffith
Agreement provides 12 months salary continuation to CFO Charles Griffith upon change-of-control termination.
CPS Tech reports record FY2022 revenue $26.6M, op income $2.2M, both all-time highs
FY2022 revenue $26.6M (+19% YoY); operating income $2.2M (+335% YoY), both record highs.
CPS Technologies Q3 revenue $6.7M (+22% YoY), operating profit $709k vs loss of $88k
Revenue of $6.7M was up 22% YoY; operating profit of $709k reversed a $88k loss in Q3 2021.
CPS Tech Q2 revenue $7.1M record high; operating profit up 164% YoY
Revenue $7.1M (+21% YoY, +6.3% QoQ), company's highest quarterly revenue.
CPS Technologies Q1 revenue $6.7M, up 37% YoY; operating profit $547K vs $36K
Revenue $6.7M, highest quarterly revenue in company history; 37% increase from $4.9M in Q1 2021.
CPS Technologies Q4 rev $6.2M (+50% YoY); FY net income $3.2M includes $2.7M tax benefit
Q4 2021 revenue $6.2M, operating profit $312K vs Q4 2020 loss of $291K.
CPS Tech Q3 revenue up 24% to $5.5M; operating loss of $88K on $327K restructuring costs
Revenue $5.5M (+24% YoY); operating loss $88K vs profit $253K last year.
CPS Technologies Q2 2021 revenue $5.9M, operating profit $253K
Revenue $5.86M vs $5.76M YoY; operating profit $253K vs $331K.
He will assume his responsibilities on May 18, 2026 from Charles K. Griffith Jr., who will be retiring at the end of May.
On May 4, 2026, CPS Technologies Corp. (the "Company") issued a press release announcing the appointment of Christopher S. Fraser as its Chief Financial Officer.
On June 3, 2024, Thomas Culligan informed the Company's Board of Directors (the "Board") of his intention to resign from the Board effective on June 21, 2024.
On July 20, 2023, CPS Technologies Corp. (the Company”) issued a press release announcing that it has appointed Brian Mackey, 53, as President and Chief Executive Officer of the Company, effective as of August 14, 2023.
On April 19, 2023, Michael E. McCormack II, the President and Chief Executive Officer of CPS Technologies Corp. (the “Company”) resigned from the Company, with an effective date of April 21, 2023.
the Board has appointed Charles K. Griffith, Jr., the Company’s current Chief Financial Officer, to serve as the acting president of the Company as the Board commences its search for a president and chief executive officer.
Max materiality 0.80 · Median 0.65 · Most common event earnings