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CPS Technologies Corp. (Symbol: CPSH) has been a pioneering force in the field of advanced material solutions for over two decades. The company is renowned for its expertise in Aluminum Silicon Carbide (AlSiC) metal matrix components, which play a critical role in the thermal management of electronic devices. CPS Technologies' Al-MMC toolbox also features ceramic hollow shell reinforcements, creating syntactic MMCs that are nearly half the density of aluminum. These structures can be combined with fiber-reinforced layers to form lightweight, stiff, Al-MMC structures.
The company's product portfolio extends to HybridTech Armor®, which integrates aluminum metal matrix composite encapsulated ceramic tiles for superior ballistic protection. CPS Technologies also manufactures structural components, primarily using fiber reinforcements. The maximum size for Al-MMCs produced by the company is approximately 1m x 2m x 20cm.
CPS Technologies Corp. serves a diverse range of industries, including transportation, automotive, energy, computing/Internet, telecommunications, aerospace, defense, and oil and gas. Their primary material solution, metal matrix composites (MMCs), is a combination of metal and ceramic materials that enhances the performance and reliability of systems in these end markets. The company is involved in the design, manufacturing, and sale of custom MMC components, and also provides baseplates and housings used in radar, satellite, and avionics applications, as well as lids and heat spreaders for integrated circuits in Internet switches and routers.
Recently, CPS Technologies has focused on high-performance energy management components that support the transition to clean energy. Their products and intellectual property are integral to electric trains and subway cars, wind turbines, hybrid and electric vehicles, the smart electric grid, 5G infrastructure, and more. Additionally, CPS Technologies' hermetic packages are essential in numerous aerospace and satellite applications, while their armor products offer exceptional durability and light weight for ballistic protection.
The company has maintained strong financial health and remains on track for a record year, with revenue reaching $6.3 million. CPS Technologies continues to innovate and support its customers in building solutions for cleaner energy and advanced technological applications. For more information, visit the company’s website.
CPS Technologies Corp. (Nasdaq:CPSH) will hold its first quarter 2022 investor conference call on May 4, 2022, at 4:45 PM Eastern. CEO Michael McCormack and CFO Chuck Griffith will present financial results for the quarter ending April 2, 2022. Interested participants can join by dialing 1-833-953-1394 and using Conference ID 3323509. CPS is a leader in high-performance energy management components supporting electrification across various industries, including electric vehicles and 5G infrastructure.
CPS Technologies Corporation (NASDAQ:CPSH) reported a revenue increase to $6.2 million for Q4 2021, compared to $4.2 million in Q4 2020, marking a 50% growth. The full year revenue reached $22.4 million, up from $20.9 million in 2020, but operating profit decreased to $513 thousand from $914 thousand. Notably, $2.7 million of net profit was attributed to the reversal of a deferred tax valuation allowance. CPS expressed optimism for continued growth into 2022, supported by a strong booking-to-shipping ratio of 165% in 2021.
CPS Technologies Corp. (Nasdaq:CPSH) has announced its year-end 2021 investor conference call scheduled for March 3, 2022, at 4:45 PM (Eastern). CEO Michael McCormack and CFO Chuck Griffith will review the financial results for the quarter and year ending December 25, 2021. Interested participants can join the call by dialing 1-833-953-1394 with Conference ID: 3587843. CPS is a leader in energy management components, supporting sectors like electric vehicles, 5G infrastructure, and aerospace with innovative technology and manufacturing capabilities.
CPS Technologies Corporation (NASDAQ:CPSH) announced over $37 million in orders for Fiscal Year 2021, surpassing the total bookings of the previous two years. The company’s Book to Bill ratio stands at a healthy 1.7, indicating strong growth momentum. President Michael McCormack attributes this success to CPS solutions that meet customer demands, particularly in Aerospace and Defense markets. The company is optimistic about converting these orders into increased revenue and earnings, supported by recent investments in facilities and personnel.
CPS Technologies Corporation (NASDAQ:CPSH) reported revenues of $5.5 million for Q3 2021, a 24% increase from Q3 2020, while facing an operating loss of $88 thousand. The quarter's results were affected by $327 thousand in non-recurring restructuring costs. Although the company reported a net profit of $2.8 million, this was due to a reversal of a deferred tax valuation allowance rather than operational performance. CPS remains optimistic about future growth prospects and ongoing demand, especially in defense and energy management sectors.
CPS Technologies Corporation (Nasdaq:CPSH) announced its quarterly investor conference call set for October 27, 2021, at 4:45 PM (Eastern). The call will feature presentations by President Michael McCormack and CFO Chuck Griffith, discussing the company's financial results for the three and nine months ending September 25, 2021. Interested participants can join by calling 1-833-953-1394 with Conference ID 8251606.
CPS is a leader in high-performance energy management components, supporting various sectors like electric vehicles and 5G infrastructure.
CPS Technologies Corp. (Nasdaq:CPSH) announced over $11 million in orders for Hermetic Packages this year, with record revenue and bookings contributing significantly to its bottom line. CEO Michael McCormack highlighted the strong performance across all product lines, while VP of Sales Cheryl Oliveira emphasized growth in Aerospace, Defense, and Power Electronics sectors. CFO Chuck Griffith noted that the order flow from both new and existing customers has already exceeded last year's total Hermetic Package revenue by over 100%, positioning CPS for ongoing growth in the market.
CPS Technologies Corporation (NASDAQ:CPSH) reported revenues of $5.9 million with an operating profit of $253 thousand for Q2 2021. This shows a slight increase in revenue compared to $5.8 million and operating profit of $331 thousand in the same quarter of 2020. The company noted a 20% revenue increase from Q1 2021, driven by demand for hermetic packaging and new pre-production AlSiC orders. CPS expressed optimism about future growth, stating that demand is recovering post-pandemic, and they intend to invest in production capacity and product development.
CPS Technologies Corporation (CPSH) announced its quarterly investor conference call scheduled for July 28, 2021, at 4:45 P.M. Eastern Time. CEO Michael McCormack and CFO Chuck Griffith will discuss financial results for the three and six months ending June 26, 2021. Interested participants can join the call by dialing 1-833-953-1394 with Conference ID 1989645. CPS is a leader in high-performance energy management solutions for various applications, including electric vehicles and aerospace. The company emphasizes its commitment to innovation and customer support.
CPS Technologies Corporation (Nasdaq:CPSH) announced the hiring of Timothy Davis as Strategic Account Manager, focusing on the Southeastern U.S. market. With over 20 years of experience in the electronics sales industry, Davis aims to drive CPS's growth in previously unrepresented regions. CEO Michael McCormack emphasized the potential for growth in CPS's product lines, particularly in new product development. CPS specializes in high-performance energy management components and is committed to innovation in sectors such as electric vehicles and aerospace.
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