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Revenue: $5.9 million in Q4 2024, down from $6.7 million in Q4 2023.
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Operating Loss: $1.3 million in Q4 2024, compared to operating income of $0.1 million in Q4 2023.
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Net Loss: $1 million or $0.07 per share in Q4 2024, versus net income of $0.2 million or $0.01 per diluted share in Q4 2023.
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Gross Loss: $0.3 million or approximately 4.6% of sales in Q4 2024, compared to a gross profit of $1.1 million or 17% of sales in Q4 2023.
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SG&A Expenses: $1.0 million in Q4 2024, consistent with Q4 2023.
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Cash and Marketable Securities: $3.3 million in cash and $1 million in marketable securities at the end of 2024, compared to $8.8 million in cash and no marketable securities at the start of 2024.
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Accounts Receivable: $4.9 million as of December 28, 2024, up from $4.4 million as of December 31, 2023.
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Inventories: $4.3 million at the end of Q4 2024, compared to $4.6 million at the start of the fiscal year.
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Payables and Accruals: $4.0 million at the end of Q4 2024, up from $3.6 million as of December 30, 2023.
Release Date: March 13, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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CPS Technologies Corp (NASDAQ:CPSH) experienced a 40% sequential increase in revenue from Q3 to Q4 2024 due to ramped-up production capacity.
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The company is actively fulfilling a $13.3 million contract with a semiconductor manufacturer, indicating strong demand for its power module components.
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CPS Technologies Corp (NASDAQ:CPSH) has secured several SBIR awards, which are expected to expand its product portfolio and enhance its technological capabilities.
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The company has introduced a new commercial product, radiation shielding, marking its first new commercial product in many years.
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CPS Technologies Corp (NASDAQ:CPSH) is experiencing strong demand for its metal matrix composites and hermetic packaging solutions, with expectations for continued growth in these areas.
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CPS Technologies Corp (NASDAQ:CPSH) reported a gross loss of $0.3 million in Q4 2024, compared to a gross profit of $1.1 million in the previous year, due to lower revenue and reduced manufacturing efficiencies.
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The company incurred nearly $600,000 in non-recurring costs in Q4 2024 related to ramping up production volumes, including excess material costs and additional labor expenses.
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CPS Technologies Corp (NASDAQ:CPSH) posted an operating loss of $1.3 million in Q4 2024, compared to an operating income of $0.1 million in the previous year.
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The transition to a third production shift resulted in significant initial turnover and training costs, impacting productivity and efficiency.
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The end of the US Navy armor contract led to a decline in year-over-year sales, affecting overall revenue performance.
