CPS Technologies

CPS Technologies Corp. engages in the provision of advanced material solutions to the transportation, automotive, energy, computing or Internet, telecommunications, aerospace, defense, and oil and gas end markets. The firm focuses on the design, manufacture, and sale of custom metal matrix composite components. It also assembles housings and packages for hybrid circuit. The company was founded in 1984 and is headquartered in Norton, MA.

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CPS Technologies reports Q2 losses, eyes government contracts for growth

CPS Technologies navigated challenges in Q2, including revenue decline, labor shortages, and losses from a new product, resulting in an operating loss of $1.3 million.
Despite these obstacles, the company maintained a healthy cash balance of $6.3 million and expressed optimism for improvement in the upcoming quarters.
Receipt of a new government contract award and strategic focus on addressing operational issues signal potential opportunities for growth and recovery in the future.

CPS Technologies reports Q3 losses but eyes growth opportunities ahead

CPS Technologies faced challenges in Q3 with revenue decline and operational losses.
Despite setbacks, the company remains optimistic about future growth prospects.
Securing new contracts and improving operational efficiency are key focus areas for CPS Technologies.
Management's commitment to innovation and growth underpins the company's strategic direction.

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CPS Technologies Corp (CPSH) CEO Michael McCormack on Q2 2021 Results - Earnings Call Transcript

NORTON, Mass., July 28, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $5.9 million and an operating profit of $253 thousand for the quarter ended June 26, 2021. This compares with revenues of $5.8 million and an operating profit of $331 thousand for the quarter ended June 27, 2020.

CPS Technologies Corporation Announces Second Quarter 2021 Results

NORTON, Mass., July 22, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (Nasdaq:CPSH) today released instructions for its quarterly investor conference call which will be held on Wednesday, July 28, 2021 at 4:45 P.M. (Eastern). Michael McCormack, President and Chief Executive Officer and Chuck Griffith, Chief Financial Officer, will discuss the Company's financial results for the three and six months ended June 26, 2021.

CPS Technologies Corporation Conference Call Notification

NORTON, Mass., June 08, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (Nasdaq:CPSH), a world leader in combining metals and ceramics to create advanced metal matrix composites to improve performance and reliability in a variety of electrical system applications, is pleased to announce the addition of Timothy Davis as a Strategic Account Manager.

CPS Technologies Corp. Announces Addition to the Sales Team

The stock price of CPS Technologies Corporation (NASDAQ: CPSH) increased by over 16% pre-market. This is why it happened.

CPS Technologies (CPSH) Stock: Over 16% Increase Pre-Market Explanation

NORTON, Mass., May 20, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced the receipt of an additional purchase order for HybridTech Armor® Panels to be installed as part of an integrated ballistic protection system on U.S. Navy Nimitz-class aircraft carriers from Kinetic Protection, the Navy's prime contractor. The HybridTech Armor® panels are an essential component that protects sailors manning crew-served weapons stations aboard the Naval fleet. The value of this second purchase order for four additional ship sets is $5.8M.

CPS Technologies Corporation Receives Additional HybridTech Armor® Panels Order For U.S. Aircraft Carriers

NORTON, Mass., May 13, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced that Grant Bennett has decided to retire as president and CEO of the Company effective July 1, 2021. He will continue to serve as a member of the Board of Directors. He will be succeeded as president and chief executive officer by Michael McCormack who is currently the COO.

CPS Technologies Corporation Announces CEO Transition

NORTON, Mass., May 06, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) has posted the recording of its April 29, 2021 Investor Call on its website. A brief summary of the call including the minute and second mark in which specific topics are discussed appears below.

CPS Technologies Corporation 1st Quarter Conference Call Replay

CPS Technologies Corporation (CPSH) CEO Grant Bennett on Q1 2021 Results - Earnings Call Transcript

NORTON, Mass., April 15, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced Dr. Stephen Kachur has joined CPS as a Senior Scientist focused on Product Development.

CPS Technologies Corporation Announces Key Addition to Product Development Team

NORTON, Mass., April 14, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced additional details for its Annual Meeting of Stockholders to be held on April 23, 2021. As stated in the Company's proxy statement, the meeting will be held at the corporate offices of CPS located at 111 South Worcester Street, Norton, MA 02766 at 10:00 AM (local time).

CPS Technologies Corporation Announces Details For Its 2021 Annual Meeting of Stockholders

NORTON, Mass., March 03, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (Nasdaq: CPSH) announces the completion and shipment of several parts to be used in the high-performance spectrometer-based methane sensing system of the MethaneSAT satellite program. MethaneSAT is designed to locate and measure methane from human sources worldwide with much higher sensitivity and spatial resolution and with a far wider field of view than is available with current satellite technology. Methane is a potent greenhouse gas, with more than 80 times the warming power of carbon dioxide during the first 20 years after it is released to the atmosphere.

CPS Technologies Corporation Produces Multiple Parts for the MethaneSAT Satellite Program

NORTON, Mass., Feb. 26, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) has posted the recording of its February 24, 2021 Investor Call on its website. A brief summary of the call including the minute and second mark in which specific topics are discussed appears below.

CPS Technologies Corporation Conference Call Replay

CPS Technologies Corporation (CPSH) CEO Grant Bennett on Q4 2020 Results - Earnings Call Transcript

NORTON, Mass., Feb. 24, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $20.9 million and an operating profit of $914 thousand for the year ended December 26, 2020. This compares with revenues of $21.5 million and an operating loss of $597 thousand for the year ended December 28, 2019.

CPS Technologies Corporation Announces Fourth Quarter and Year-End 2020 Results

Aiding the U.S. Navy could fuel the high-tech manufacturer's growth.

Why CPS Technologies Stock Surged Today

CPS Technologies Corporation (NASDAQ: CPSH) shares soared almost 160% in the regular and after-hours session today. What Happened: The Massachusetts-based metal and ceramics specialist company said Wednesday it had received a purchase order for its HybridTech Armor Panels to be installed as ballistic shields on U.S. Navy nuclear-powered aircraft carriers.

Why CPS Technologies Shares Spiked 160% Today

Little known CPS Technologies is surging after announcing a contract to provide the U.S. Navy with ballistic armor. The post CPSH Stock: Why Little-Known CPS Technologies Is Rocketing Higher Today appeared first on InvestorPlace.

CPSH Stock: Why Little-Known CPS Technologies Is Rocketing Higher Today

The stock price of CPS Technologies Corporation (NASDAQ: CPSH) has increased by over 24% today as of 6:47 AM ET. This is why it happened.

CPSH Stock Price Increases Over 24% Pre-Market: Why It Happened

NORTON, Mass., Feb. 02, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ: CPSH) today announced receipt of a purchase order for HybridTech Armor© Panels to be installed as the strike face of advanced ballistic shields to support U.S. Navy CVN class ships. The shields provide ballistic protection for crew-served weapons stations and the sailors manning them. The purchase order covers panels to equip all crew-served weapons stations on one aircraft carrier.

NORTON, Mass., Dec. 14, 2020 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ: CPSH) today announced that Michael E. McCormack II is joining CPS in the newly created position of Chief Operating Officer (COO), effective January 4, 2021.

Michael E. McCormack II joins CPS Technologies Corporation as Chief Operating Officer

CPS Technologies' (CPSH) CEO Grant Bennett on Q3 2020 Results - Earnings Call Transcript

NORTON, Mass., Oct. 01, 2020 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (Nasdaq: CPSH), the world leader in metal matrix composites, is pleased to announce the addition of William “Bill” Holmes as Senior Applications Engineer.

CPS Technologies Corporation Announces Key Addition to Engineering Team

CPS Technologies Corporation (CPSH) CEO Grant Bennett on Q2 2020 Results - Earnings Call Transcript

NORTON, Mass., May  20, 2020  (GLOBE NEWSWIRE) -- CPS Technologies Corporation (Nasdaq:CPSH) today announced that it has entered into an amendment to its credit facility with The Massachusetts Business Development Corporation.  The maximum borrowing on the facility has been increased from $2.5 million to $3.0 million.

News for CPS Technologies Stock (CPSH)