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CPS Technologies Corporation (CPSH)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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13.83-2.59 (-15.77%)
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Neutralpattern detected
Previous Close16.42
Open15.98
Bid0.00 x 1000
Ask0.00 x 1300
Day's Range13.02 - 16.28
52 Week Range0.88 - 30.00
Volume1,505,987
Avg. Volume2,730,884
Market Cap183.886M
Beta (5Y Monthly)1.36
PE Ratio (TTM)206.42
EPS (TTM)0.07
Earnings DateFeb 24, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • CPS Technologies Corporation Produces Multiple Parts for the MethaneSAT Satellite Program
    GlobeNewswire

    CPS Technologies Corporation Produces Multiple Parts for the MethaneSAT Satellite Program

    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. Grant Bennett, President and CEO, stated “CPS is pleased and honored to be participating in this historic program. The MethaneSAT program could have a major impact on significantly reducing the unnecessary release of Methane into the atmosphere. We are also pleased that participation in this program has allowed us to work with Ball Aerospace, the primary flight system integrator and instrument provider for the MethaneSAT program.” AlSiC is a metal-matrix composite consisting of the metal aluminum and the ceramic silicon carbide. In power modules and power supplies, as well as many other electronic applications, AlSiC enables higher reliability and higher performance as a result of its material properties, particularly thermal expansion, thermal conductivity and stiffness-to-weight ratio. AlSiC is very light weight, which is an important consideration in space-based and airborne applications. In addition to the MethaneSAT system, CPS AlSiC components are also found on the Mars 2020 Perseverance Rover, International Space Station and in the most recent generation of GPS satellites (GPS III) for the U.S. Space Force. CPS believes AlSiC components will increasingly be used in space-based and airborne applications because of the compelling performance advantages AlSiC provides. For additional information on the remarkable technologies and capabilities of MethaneSAT please see MethaneSAT’s webpage: https://www.methanesat.org/. About CPSCPS is a technology and manufacturing leader in producing high-performance energy management components that facilitate the electrification of the economy. Our products and intellectual property include critical pieces of the technology puzzle for electric trains and subway cars, wind turbines, hybrid vehicles, electric vehicles, the smart electric grid, 5G infrastructure and others. CPS' armor products provide exceptional ballistic protection and environmental durability at very light weight. CPS is committed to innovation and to supporting our customers in building solutions to this planet's problems. Safe HarborStatements made in this document that are not historical facts or which apply prospectively, including those relating to 2021 financial results, are forward-looking statements that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "will," "intends," "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the company's expectation. Additional information concerning risk factors is contained from time to time in the company's SEC filings, including its Annual Report on Form 10-K and other periodic reports filed with the SEC. Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The company expressly disclaims any obligation to update the information contained in this release. CPS Technologies Corporation Chuck Griffith, Chief Financial Officer 111 South Worcester Street Norton, MA 02766 Telephone: (508) 222-0614 Web Site: www.alsic.com

  • CPS Technologies Corporation Conference Call Replay
    GlobeNewswire

    CPS Technologies Corporation Conference Call Replay

    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. Grant Bennett introductory comments Introduction of COO, Michael McCormack (1:28) Chuck Griffith discussion of financial results (9:00)Mr. Bennett discussion of “The big picture” (12:40) Our core competency (13:10)Our Product Pipeline (14:30) Recent design wins (19:00) Our Primary Markets (20:40) Power modules (20:55)Aerospace and defense (24:18)Armor (25:12) Investor questions Plant capacity (27:50)Equity raise (30:20)Press releases (34:38)Aerospace – electric planes (37:19)Recent armor order (42:35) A full replay of the webcast is available through the Investor Call Transcripts link on the General Information link on the Investors page of the Company’s website. About CPS CPS is a technology and manufacturing leader in producing high-performance energy management components that facilitate the electrification of the economy. Our products and intellectual property include critical pieces of the technology puzzle for electric trains and subway cars, wind turbines, hybrid vehicles, electric vehicles, the smart electric grid, 5G infrastructure and others. CPS' armor products provide exceptional ballistic protection and environmental durability at very light weight. CPS is committed to innovation and to supporting our customers in building solutions to this planet's problems. Safe Harbor Statements made in this document that are not historical facts or which apply prospectively, including those relating to 2020 financial results, are forward-looking statements that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "will," "intends," "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the company's expectation. Additional information concerning risk factors is contained from time to time in the company's SEC filings, including its Annual Report on Form 10-K and other periodic reports filed with the SEC. Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The company expressly disclaims any obligation to update the information contained in this release. CPS Technologies Corporation Chuck Griffith, Chief Financial Officer 111 South Worcester Street Norton, MA 02766 Telephone: (508) 222-0614 Web Site: www.alsic.com

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

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

    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. For the quarter ending December 26, 2020, revenues were $4.2 million with an operating loss of $291 thousand. For the quarter ending December 28, 2019, revenues were $5.4 million with an operating profit of $367 thousand. Grant Bennett, President and CEO, said, “2020 was unique. As the year progressed, customer demand for our existing, higher volume products, particularly baseplates for traction power modules, declined each quarter because of the increasing effects of Covid-19. On the other hand, demand increased for other products, particularly aerospace applications, and customers largely held to development schedules for new products – as a result new products continued to move through our pipeline. With travel all but eliminated, we redeployed resources to accelerate continuous improvement projects internally to increase margins. We also implemented planned price increases. The net result of these factors, both negative and positive, was a 2.8% decline in revenues, but a positive swing of $1.5 million in operating profits (a 253% increase). Globally, Covid business disruption continues to inject uncertainty in forecasting; however, taking all available information into consideration, including customer forecasts, inventory levels throughout the supply chain and manufacturing schedules, we believe the fourth quarter most likely represented the bottom in terms of demand. Let me highlight some recent important developments. Michael E. McCormack II joined us on January 4 as our Chief Operating Officer. Michael brings, among other capabilities, deep skills in business development, new product expansion and M&A and has significant experience in the defense, aerospace, and armor markets. He is up and running and a wonderful addition to our management team. We continue to be excited about the HybridTech Armor panel order which we recently announced. We expect to begin shipping these panels towards the end of the second quarter of this year; the third quarter will be the first full quarter of production of these panels. We congratulate NASA and the Jet Propulsion Laboratory on the remarkable successful landing of the Mars Rover Perseverance and are delighted to have produced the AlSiC hermetic package on the Rover. More broadly, we are pleased with the results of the actions we have taken in the last two years, and continue to take, to strengthen our sales, marketing and business development efforts in the US aerospace and defense electronics industries. These results include new design wins, new bookings, new customers, and new products,” said Bennett. CPS products play critical roles in the electrification of the green economy. Green energy generation, electric vehicles, the smart grid, aerospace and satellite communications all represent significant growth markets for our products. The Company will be hosting its fourth quarter conference call with investors at 4:45pm on Wednesday, February 24. Those interested in participating in the conference call should dial: Call in Number: 1-833-953-1394 Conference ID: 9283248 Please dial-in 10 minutes prior to the start time and tell the operator you are calling in for the CPS Technologies Corporation Year-end Investor Conference Call. A replay of the webcast will be available approximately two hours after the presentation at (855)-859-2056 for the Conference ID shown above for a period of 48 hours and through the Investor Call Transcripts link on the General Information link on the Investors page of the Company’s website thereafter. About CPS CPS is a technology and manufacturing leader in producing high-performance energy management components that facilitate the electrification of the economy. Our products and intellectual property include critical pieces of the technology puzzle for electric trains and subway cars, wind turbines, hybrid vehicles, electric vehicles, the smart electric grid, 5G infrastructure and others. CPS' armor products provide exceptional ballistic protection and environmental durability at very light weight. CPS is committed to innovation and to supporting our customers in building solutions to this planet's problems. Safe Harbor Statements made in this document that are not historical facts or which apply prospectively, including those relating to 2020 financial results, are forward-looking statements that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "will," "intends," "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the company's expectation. Additional information concerning risk factors is contained from time to time in the company's SEC filings, including its Annual Report on Form 10-K and other periodic reports filed with the SEC. Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The company expressly disclaims any obligation to update the information contained in this release. CPS TECHNOLOGIES CORPORATION STATEMENT OF OPERATIONS (Unaudited) Quarter Ended Year Ended Dec. 26, 2020 Dec. 28, 2019 Dec. 26, 2020 Dec. 28, 2019 Total Revenues4,150,637 5,444,800 20,872,611 21,468,414 Cost of Sales3,651,988 4,461,907 16,702,848 18,928,173 Gross Margin498,649 982,893 4,169,763 2,540,241 Operating Expenses789,329 614,262 3,255,527 3,137,440 Operating Income (loss)(290,679)368,631 914,236 (597,199)Other income, net57,839 (11,791) (14,719)(35,547) Income (loss) before taxes(232,840)356,840 899,517 (632,746)Income tax provision-- (5,456) 456 (5,456) Net income (loss)(232,840)351,384 $899,061 (638,202) Wtd. Avg. basic common shares outstanding - diluted13,302,558 13,209,522 13,348,582 13,207,097 Net income (loss) per common share - diluted(0.02)0.03 0.07 (0.05) CPS Technologies Corporation Balance Sheet (Unaudited) Dec. 26, 2020Dec. 28, 2019Assets Current Assets Cash and Cash Equivalents195,203133,965Accounts Receivable Trade, net2,914,8014,086,945Inventories, net3,709,4713,099,824Prepaid Expenses71,506147,786Total Current Assets6,890,9817,468,520 Property and Equipment, net1,287,9461,236,878Right of Use Lease Asset25,000171,000Deferred Taxes107,996147,873 Total Assets8,311,9239,024,271 Liabilities and Equity Current Liabilities Borrowings - Line of Credit--1,249,588 Note Payable, current portion58,134--Accounts Payable909,2901,436,417Accrued Expenses804,091815,166Deferred Revenue12,17721,110Current Portion Lease Liability25,000148,000Total Current Liabilities1,808,6923,670,281 Note Payable, less current portion154,570--Long Term Lease Liability--23,000Total Liabilities1,963,2623,693,281 Stockholder’s Equity6,348,6615,365,990 Total Liabilities and Stockholder’s Equity8,311,9239,024,271 CPS Technologies Corporation Chuck Griffith, Chief Financial Officer 111 South Worcester Street Norton, MA 02766 Telephone: (508) 222-0614 Web Site: www.alsic.com