CPS Technologies(CPSH)
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CPS Technologies(CPSH) - 2025 Q4 - Annual Results
2026-03-04 21:21
Exhibit 99.1 FOR RELEASE: IMMEDIATE CPS Technologies Announces Fourth Quarter 2025 Financial Results Company Closes Out Year with Record Sales of $32.6 Million and Improved Balance Sheet to Support Future Growth The Company will be hosting its fourth quarter 2025 earnings call tomorrow, March 3, 2026, at 9:00 a.m. Eastern. Those interested in participating in the conference call should dial the following: Call in Number: 1-844-943-2942 Participant Passcode: 641664 The Company encourages those who wish to pa ...
CPS Technologies(CPSH) - 2025 Q4 - Annual Report
2026-03-03 22:27
Financial Performance - Total revenue for 2025 was $32.6 million, a 54% increase from $21.1 million in 2024, driven by core business growth and the addition of a third production shift [127]. - Gross profit in 2025 was $5.3 million, representing 16% of sales, compared to a gross loss of $(0.1) million, or (1)% of sales, in 2024 [128]. - The Company recorded operating income of $0.4 million in 2025, a significant improvement from an operating loss of $4.4 million in 2024 [130]. Expenses - Selling, general and administrative (SG&A) expenses increased to $4.8 million in 2025 from $4.3 million in 2024, primarily due to higher variable compensation and sales commission expenses [129]. - Recent inflationary trends have impacted profitability, leading to wage increases and improvements in the employee benefit package, while some price increases from suppliers have been absorbed temporarily [144]. Assets and Liabilities - Trade accounts receivable at December 27, 2025, totaled $5.2 million, with Days Sales Outstanding (DSO) decreasing to 61 days from 75 days at the end of 2024 [136]. - Inventories increased to $5.6 million at December 27, 2025, from $4.3 million at December 28, 2024, primarily due to increased work in process [137]. - The Company had cash and cash equivalents of $4.5 million at December 27, 2025, up from $3.3 million at December 28, 2024, due to an equity raise [135]. - The Company entered into a line of credit (LOC) of $3.0 million with Rockland Trust Company, secured by accounts receivable and other assets, with a borrowing base allowing for an additional $3.0 million as of December 27, 2025 [140]. - As of December 27, 2025, the Company had $460 thousand in construction in progress and no material outstanding commitments for production equipment purchases [141]. Customer Concentration - The top three customers accounted for 64% of revenue in 2025, up from 58% in 2024, indicating a concentration in customer base [118]. Gold Price Impact - The price of gold contributed $1.9 million to total revenue in 2025, compared to $0.5 million in 2024, impacting profit margins [127]. Lease Agreements - The Norton, MA facility lease was renewed in August 2025, with annual rental payments of $165 thousand, expiring in February 2028 [142]. Future Outlook - The Company expects to continue funding its operations in 2026 from existing cash balances and profits [138].
CPS Technologies Q4 Earnings Call Highlights
Yahoo Finance· 2026-03-03 16:18
Selling, general, and administrative expenses were $1.3 million in the fourth quarter, compared with $1.0 million in the prior-year period. Griffith said CPS continued to manage costs while ramping production and investing for growth, noting SG&A remained “fairly constant” through fiscal 2025.In the question-and-answer session, Griffith said gold prices had more than doubled from about a year earlier and estimated the impact can be “maybe a point or two” of margin depending on quarterly volume. He also cite ...
CPS Technologies(CPSH) - 2025 Q4 - Earnings Call Transcript
2026-03-03 15:02
CPS Technologies (NasdaqCM:CPSH) Q4 2025 Earnings call March 03, 2026 09:00 AM ET Company ParticipantsBrian Mackey - President and CEOChris Witty - Investor Relations AdvisorChuck Griffith - CFOJoe Schicker - ShareholderSteven Fossey - ShareholderConference Call ParticipantsChip Moore - Managing Director and Senior Research AnalystOperatorGood morning, everyone. Welcome to CPS Technologies' fourth quarter 2025 earnings call. At this time, all participants have been placed on a listen-only mode, and the floo ...
CPS Technologies(CPSH) - 2025 Q4 - Earnings Call Transcript
2026-03-03 15:02
CPS Technologies (NasdaqCM:CPSH) Q4 2025 Earnings call March 03, 2026 09:00 AM ET Company ParticipantsBrian Mackey - President and CEOChris Witty - Investor Relations AdvisorChuck Griffith - CFOJoe Schicker - ShareholderSteven Fossey - ShareholderConference Call ParticipantsChip Moore - Managing Director and Senior Research AnalystOperatorGood morning, everyone. Welcome to CPS Technologies' fourth quarter 2025 earnings call. At this time, all participants have been placed on a listen-only mode, and the floo ...
CPS Technologies(CPSH) - 2025 Q4 - Earnings Call Transcript
2026-03-03 15:00
CPS Technologies (NasdaqCM:CPSH) Q4 2025 Earnings call March 03, 2026 09:00 AM ET Speaker5Good morning, everyone. Welcome to CPS Technologies' fourth quarter 2025 earnings call. At this time, all participants have been placed on a listen-only mode, and the floor will be open for questions following the presentation. It is now my pleasure to turn the floor over to your host, Chuck Griffith, CFO at CPS Technologies. Chuck, the floor is yours.Speaker3Thank you, Jenny. Good morning, everyone. Today I am joined ...
CPS Technologies Announces Fourth Quarter 2025 Financial Results
Globenewswire· 2026-03-02 21:01
NORTON, Mass., March 02, 2026 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal fourth quarter ended December 27, 2025. Fourth Quarter Summary Revenue of $8.2 million, versus $5.9 million in the prior-year period, reflecting strong demand for the Company’s core product lines and expanded production.Gross margin of 14.6 percent versus a gross loss in the fourth quarter of 2024.Operating loss of $(0.1) million for the quart ...
Is CPS's Low Valuation a Strong Reason to Invest in Its Stock?
ZACKS· 2026-02-24 17:40
Core Viewpoint - CSP Inc. is navigating a competitive tech landscape with opportunities and risks, particularly in its IT integration and cybersecurity segments, while macroeconomic uncertainties add complexity [1][2]. Industry Overview - The technology services sector is experiencing improved sentiment around digital transformation and cybersecurity spending, benefiting companies like CSP [3]. - CSP's stock has declined 29.3% over the past six months, outperforming Agilysys, Inc.'s 33.8% fall but trailing IBM's 6.7% decline [3]. Company Performance - Despite the stock decline, CSP is in a transitional phase as investors reassess its business mix and long-term growth potential in cybersecurity [4]. - The AZT PROTECT cybersecurity solution is a key growth driver, with 46 unique customers and a strategy focused on expanding deployments [5][7]. - Integration with Acronis' platform could broaden distribution and enhance recurring, higher-margin cybersecurity revenues [8]. Financial Position - CSP has $24.9 million in cash, providing liquidity for product development and strategic growth investments [9]. - The High-Performance Products (HPP) segment saw a 98% year-over-year sales increase, with gross margins rising to 73% from 50% [10]. - Strong margins in the HPP segment support overall profitability and offset investments in scaling AZT PROTECT [11]. Valuation and Growth Potential - CSP trades at 1.96X on a forward price-to-book basis, significantly below the industry average of 5.43X, indicating a margin of safety [12]. - The current discounted valuation suggests the market has not fully recognized CSP's improving fundamentals and recurring revenue potential [15]. Conclusion - CSP is at an inflection point, demonstrating progress in scaling its cybersecurity platform while enhancing profitability in its HPP segment [14]. - The company is well-positioned for sustainable long-term growth, making it an attractive opportunity for investors willing to look beyond short-term volatility [15].
KEYTRUDA® (pembrolizumab) and KEYTRUDA QLEX™ (pembrolizumab and berahyaluronidase alfa-pmph), Plus Paclitaxel ± Bevacizumab, Approved for Certain Adults with PD-L1+ (CPS ≥1) Platinum-Resistant Ovarian Carcinoma as Second or Third Line Treatment
Businesswire· 2026-02-11 11:45
Core Viewpoint - Merck has received FDA approval for KEYTRUDA® and KEYTRUDA QLEX™ for treating adults with PD-L1+ platinum-resistant epithelial ovarian cancer, fallopian tube cancer, or primary peritoneal cancer [1] Group 1: Product Approval - The FDA approved KEYTRUDA® (pembrolizumab) for the treatment of adults with PD-L1+ (Combined Positive Score [CPS] 1) [1] - KEYTRUDA QLEX™ (pembrolizumab and berahyaluronidase alfa-pmph) plus paclitaxel, with or without bevacizumab, is also approved for the same indication [1]
CPS Announces $345.61 Million Senior Subordinate Asset-Backed Securitization
Globenewswire· 2026-01-27 21:00
Core Viewpoint - Consumer Portfolio Services, Inc. has successfully closed its first term securitization in 2026, marking its 58th senior subordinate securitization since 2011 and the 41st consecutive securitization to receive a triple "A" rating from at least two rating agencies for the senior class of notes [1]. Group 1: Transaction Details - The securitization involved the sale of $345.61 million in asset-backed notes, secured by $352.66 million in automobile receivables originated by the company [2]. - The notes were issued by CPS Auto Receivables Trust 2026-A and consist of five classes, with ratings provided by Standard & Poor's and DBRS Morningstar based on transaction structure and historical performance [2]. - The weighted average coupon on the notes is approximately 5.18% [3]. Group 2: Note Class Breakdown - Class A notes amount to $155.520 million with an interest rate of 4.19% and a rating of AAA from both S&P and DBRS [3]. - Class B notes total $47.790 million with an interest rate of 4.43% and a rating of AA from both agencies [3]. - Class C notes are $58.360 million with an interest rate of 4.63% and a rating of A [3]. - Class D notes amount to $38.440 million with an interest rate of 4.98% and a rating of BBB [3]. - Class E notes total $45.500 million with an interest rate of 6.66% and a rating of BB from DBRS [3]. Group 3: Credit Enhancement and Payment Structure - The transaction features initial credit enhancement consisting of a cash deposit equal to 1.00% of the original receivable pool balance and overcollateralization of 2.00% [4]. - Agreements require accelerated principal payments to achieve overcollateralization of the lesser of 7.30% of the original receivable pool balance or 18.00% of the outstanding pool balance [4]. Group 4: Company Overview - Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories [6]. - The company purchases retail installment sales contracts primarily from franchised automobile dealerships, funding these purchases mainly through securitization markets [6].