CPS TECHNOLOGIES CORP/DE/ SEC 10-Q Report

CPS Technologies Corp, a leading provider of advanced material solutions, has released its Form 10-Q report for the third quarter of 2025. The report reveals substantial improvements in both financial performance and operational capabilities, driven by increased demand for its core product lines and strategic initiatives aimed at future growth.

Financial Highlights

• Total Revenue: $8.8 million, increased by 107% compared to Q3 2024 due to growing demand in MMC and hermetic packages product lines and increased funding under the SBIR program.
• Gross Profit: $1.5 million, representing 17% of sales, compared to a gross loss of $0.5 million in Q3 2024, driven by higher revenues and improved cost management.
• Operating Income: $0.3 million, compared to an operating loss of $1.5 million in Q3 2024, reflecting increased gross margin and higher sales volume.
• Net Income: $0.2 million, compared to a net loss of $1.0 million in Q3 2024, attributed to increased revenue and improved operational efficiency.
• Net Income Per Basic Common Share: $0.01, compared to a loss of $0.07 per share in Q3 2024, indicating a return to profitability.

Business Highlights

• Revenue Segments: The company experienced significant growth in its MMC and hermetic packages product lines, contributing to a 107% increase in revenues for Q3 2025 compared to Q3 2024. This growth was supported by increased demand and additional funding from the federal government's SBIR program.
• Sales Units: The company added a third shift in September 2024 to meet growing demand, indicating an increase in production capacity and operational scale.
• New Product Launches: The company is actively developing new product lines, including AlMax® fiber reinforced aluminum and radiation shielding, which are expected to contribute to future growth.
• New Production Launches: The company is searching for a larger facility to accommodate increased customer demand and potential growth in new product lines, indicating plans for capacity expansion.
• Future Outlook: The company anticipates continued growth in demand for its core products and is exploring opportunities for new armor orders and expanded product development efforts. The recent equity raise will support relocation and expansion efforts to meet these demands.

SEC Filing: CPS TECHNOLOGIES CORP/DE/ [ CPSH ] - 10-Q - Oct. 31, 2025