Welcome to our dedicated page for Cps Technologie news (Ticker: CPSH), a resource for investors and traders seeking the latest updates and insights on Cps Technologie stock.
CPS Technologies Corporation (NASDAQ: CPSH) delivers innovative advanced materials solutions for mission-critical applications in defense, electronics, and renewable energy. This news hub provides investors and industry professionals with comprehensive access to CPSH's official communications and market developments.
Track all essential updates through curated press releases, including earnings reports, product innovations, and strategic partnerships. Our repository features regulatory filings, R&D milestones in metal matrix composites, and operational updates relevant to CPSH's position in thermal management and lightweight material solutions.
Key content categories include quarterly financial results, new contract announcements in defense/electronics sectors, advancements in AlSiC composite applications, and intellectual property developments. The archive serves as a historical reference for analyzing CPSH's growth in advanced manufacturing markets.
Bookmark this page for streamlined monitoring of CPS Technologies' material events. Combine these verified updates with broader market analysis to inform your understanding of the company's evolving role in next-generation materials science.
CPS Technologies (NASDAQ:CPSH) reported Q3 2024 financial results with revenue of $4.2 million, down from $6.3 million in Q3 2023. The company posted a gross margin of -12% compared to 20% in the prior year, and an operating loss of $1.5 million versus a $0.1 million profit. The decline was primarily due to the end of the HybridTech Armor® contract and reduced manufacturing efficiencies. However, CPS secured new contracts including a $12 million award from a semiconductor customer and a $1.1 million Phase II contract from the U.S. Department of Energy. The company expects improved performance in Q4 2024 with its new third shift operations and a book-to-bill ratio of 1.22.
CPS Technologies Corp (Nasdaq:CPSH) has announced its third quarter 2024 investor conference call, scheduled for Thursday October 31, 2024 at 9:00 A.M. (Eastern). Brian Mackey, President and CEO, and Chuck Griffith, Chief Financial Officer, will discuss the company's financial results for the quarter ended September 28, 2024.
CPS is a technology and manufacturing leader specializing in high-performance energy management components for the electrification economy. Their product portfolio includes critical components for electric trains, subway cars, wind turbines, hybrid and electric vehicles, smart electric grid, and 5G infrastructure. The company also produces hermetic packages for Aerospace and Satellite applications, as well as lightweight armor products offering exceptional ballistic protection.
CPS Technologies (NASDAQ:CPSH) has been awarded a $1.1 million Phase II SBIR contract from the U.S. Department of Energy. The 24-month project focuses on developing 'Modular Radiation Shielding for Transportation and Use of Microreactors'. This is CPS's second Phase II SBIR award in 2024, bringing their total SBIR funding to over $3 million in recent years.
The project, led by materials scientist Matthew Karnick, builds on the successful Phase I results, where CPS developed lightweight, modular shielding effective against gamma and neutron radiation. Phase II aims to optimize materials and scale manufacturing processes for commercialization. CPS filed a provisional patent in July 2024 for novel designs developed during Phase I.
CPS Technologies (NASDAQ:CPSH) reported financial results for Q2 2024 ended June 29, 2024. Key highlights include:
- Revenue decreased to $5.0 million from $7.4 million in Q2 2023, due to the completion of the HybridTech Armor® contract with Kinetic Protection for the US Navy.
- Gross margin declined to (4.6)% from 29.6% in Q2 2023, reflecting lower manufacturing efficiencies and fixed costs impact on reduced revenue.
- Operating loss of $1.3 million compared to an operating profit of $0.7 million in Q2 2023.
- Net loss of $1.0 million, or $(0.07) per diluted share, versus net income of $0.6 million, or $0.04 per diluted share, in Q2 2023.
The company secured a new SBIR Phase II contract valued at over $1 million from the U.S. Navy Air Systems Command for developing metal matrix composites for thermal energy storage applications.
CPS Technologies Corp. (Nasdaq:CPSH) has announced its second quarter 2024 investor conference call, scheduled for Thursday, August 1, 2024, at 9:00 A.M. (Eastern). Brian Mackey, President and CEO, and Chuck Griffith, CFO, will discuss the company's financial results for the quarter ended June 29, 2024.
CPS is a leader in producing high-performance energy management components for various applications, including electric trains, wind turbines, electric vehicles, and 5G infrastructure. The company also manufactures hermetic packages for aerospace and satellite applications, as well as lightweight armor products.
Interested participants can join the conference call by dialing 1-844-943-2942 with the passcode 467630. For investor relations inquiries, contact Chris Witty at 646-438-9385 or cwitty@darrowir.com.
CPS Technologies (NASDAQ: CPSH) has secured a Phase II SBIR contract from the U.S. Navy Air Systems Command (NAVAIR) worth over $1 million for a 30-month period. The project aims to advance the development of novel metal matrix composites (MMCs) for thermal energy storage, important for the Advanced Anti-Radiation Guided Missile - Extended Range (AARGM-ER) program.
During Phase I, CPS demonstrated the efficacy of aluminum and phase-change materials, including nickel titanium (nitinol), for compact thermal energy storage devices. The University of North Texas will act as a subcontractor in Phase II. Successful completion will enable CPS to apply these composites in aerospace, defense, and automotive sectors.
CEO Brian Mackey noted that the award underscores CPS' commitment to the SBIR/STTR programs and its long-term growth strategy.
CPS Technologies will participate in the Sidoti Microcap Virtual Conference on May 8 and 9, 2024. Management will present at 9:15 a.m. Eastern on May 8, with one-on-one calls available. CPS is a leader in high-performance materials for various applications like electric vehicles, wind turbines, and ballistic protection.
CPS Technologies announced its first-quarter 2024 financial results, reporting revenue of $5.9 million, a gross margin of 15.3%, and an operating loss of $0.3 million. The company signed a manufacturing license agreement with Triton Systems for Fiber-Reinforced Aluminum Composites to expand its product portfolio. Despite lower revenue, CPS remains optimistic about growth opportunities, focusing on R&D, new product lines, and business development initiatives.
CPS Technologies Corp. announced the details for its first quarter 2024 investor conference call to be held on May 2, 2024. The call will discuss the financial results for the quarter ended on March 30, 2024. CPS is a technology and manufacturing leader in high-performance energy management components, supporting various sectors such as electric trains, wind turbines, hybrid vehicles, electric vehicles, smart electric grid, 5G infrastructure, aerospace, and satellite applications. The company is dedicated to innovation and clean energy solutions.
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