New insider activity at CPS Technologies ( (CPSH) ) has taken place on March 20, 2025.
In a significant move, Director Ivo James Cavoli and President & CEO Brian T Mackey have both made substantial purchases of CPS Technologies stock. Cavoli acquired 7,000 shares valued at $10,920, while Mackey made a larger investment, purchasing 20,000 shares for $30,975. These transactions highlight a strong vote of confidence in the company’s future prospects from its leadership.
Recent Updates on CPSH stock
CPS Technologies Corp. recently reported its Q4 2024 earnings, revealing a mixed financial outlook. The company experienced a year-over-year revenue decline from $6.7 million to $5.9 million, primarily due to the completion of a U.S. Navy armor contract. Despite this, CPS achieved a 40% sequential revenue growth attributed to increased customer shipments and expanded production capacity. The company faced an operating loss of $1.3 million and a gross loss of $0.3 million, driven by lower volumes and higher operational costs. However, CPS secured several new contracts, including a $13.3 million agreement with a semiconductor manufacturer and multiple SBIR awards, indicating potential for future revenue growth. Additionally, the introduction of a new commercial product for radiation shielding and expansion into aerospace applications with fiber-reinforced aluminum are expected to open new revenue streams. Despite challenges like decreased cash reserves and gross margin issues, CPS is optimistic about its growth prospects for 2025, focusing on increased production capacity and new product development.
More about CPS Technologies
YTD Price Performance: -4.38%
Average Trading Volume: 69,462
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $22.22M