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CPS Technologies Corp. (CPSH)
NASDAQ:CPSH
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
$0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 13.10%
|Next Earnings Date:Mar 11, 2025
Earnings Call Sentiment|Neutral
The earnings call presented both challenges and opportunities for CPS Technologies. While the company faced significant revenue and profit declines due to the end of major contracts and operational inefficiencies, new contracts and improved capacity utilization offer a positive outlook for future quarters.Company Guidance
During the CPS Technologies Q3 2024 earnings call, several key metrics were discussed. The company reported a revenue of $4.2 million, a decrease from $6.3 million in the previous year, primarily due to the conclusion of a significant U.S. Navy Armor contract. This led to an operating loss of $1.5 million, compared to an operating income of $0.1 million last year. The gross loss for the quarter was $1.5 million, or negative 12% of sales, contrasting with a gross profit of $1.2 million or 20% of sales in Q3 2023. SG&A expenses were controlled at $1 million, down from $1.1 million the previous year. The net loss was $1.0 million or $0.07 per share, compared to a net income of $0.2 million or $0.01 per share last year. The company ended the quarter with $4.7 million in cash and $1 million in marketable securities. Looking ahead, CPS is optimistic about recent contract wins, including a $12 million agreement with a semiconductor customer and a $200,000 development contract with the U.S. Navy, which are expected to enhance revenue and margins in fiscal 2025.New Contracts and Improved Capacity
CPS Technologies secured a new $12 million contract with an existing semiconductor customer and a new development contract with the Navy. Additionally, the company successfully trained a third shift of operators, improving capacity utilization.
Phase II SBIR Award
Received a Phase II SBIR Award with the Department of Energy, providing $1.1 million over 24 months for the development of Modular Radiation Shielding for micro reactors.
Optimism for Fiscal 2025
Company is optimistic about growth in fiscal 2025 due to expanded manufacturing capabilities, the addition of a third shift, and several significant contract wins.
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CPSH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CPSH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $1.45 | $1.59 | +9.66% |
| Aug 01, 2024 | $1.67 | $1.60 | -4.19% |
| May 02, 2024 | $1.67 | $1.73 | +3.59% |
| Mar 06, 2024 | $2.52 | $1.98 | -21.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CPS Technologies Corp. (CPSH) report earnings?
CPS Technologies Corp. (CPSH) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is CPS Technologies Corp. (CPSH) earnings time?
CPS Technologies Corp. (CPSH) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPSH EPS forecast?
Currently, no data Available
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