Revenues of $106.9 million compared to $91.7 million in the prior year periodNet income of $4.7 million, or $0.19 per diluted shareTotal portfolio balance of $3.615 billion, highest in company historyNew contract purchases of $451.2 million LAS VEGAS, NV, May 12, 2025 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $4.7 million, or $0.19 per diluted share, for its first quarter ended March 31, 2025. This compares to a net income of $4 ...

Shares of CPS Technologies Corporation (CPSH) have declined 4.8% since reporting results for the first quarter of 2025. This compares against the S&P 500 index’s 1.5% growth over the same time frame. Over the past month, the stock has risen 9.6% compared with the S&P 500’s 12.4% growth.Revenue & EPS ReboundCPS Technologies posted a significant turnaround in its first quarter of 2025. Revenues reached a record $7.5 million, rising 27% year over year from $5.9 million despite the absence of any sales from its ...

Financial Performance - CPS Technologies reported record revenue of $7.5 million for Q1 2025, up from $5.9 million in Q1 2024, marking a 27% increase[4] - Gross profit for the quarter was $1.2 million, representing a gross margin of 16.4%, compared to $0.9 million and 15.3% in the prior-year period[4] - The company achieved an operating profit of $0.1 million in Q1 2025, a turnaround from an operating loss of $(0.3) million in Q1 2024[5] - Net income for the quarter was $0.1 million, or $0.01 per diluted share, compared to a net loss of $(0.1) million, or $(0.01) per share, in the same quarter last year[5] Growth Strategy - The company initiated three new Phase I Army SBIR contracts during the quarter, contributing to its growth strategy[6] - The company is focused on further margin improvement and expanding its target markets to strengthen its outlook for fiscal 2025[3] - CPS Technologies aims to pioneer high-performance materials and address critical needs in various applications, including clean energy solutions[8] Assets and Liabilities - Total current assets increased to $14.7 million as of March 29, 2025, compared to $14.2 million at the end of 2024[14] - Total liabilities stood at $4.5 million as of March 29, 2025, slightly up from $4.4 million at the end of 2024[14] Earnings Call - The company encourages participation in its earnings call scheduled for May 1, 2025, to discuss these results further[7]

CPS Technologies (CPSH) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Company Participants Charles Griffith - CFOChris Witty - Managing DirectorBrian Mackey - CEO & PresidentKenneth Pounds - PresidentGregory Weaver - CEO Conference Call Participants None - Analyst Operator Good morning, and welcome to the CPS Technologies First Quarter twenty twenty five Earnings Call. At this time, all participants have been placed on a listen only mode. The floor will be open for questions and comments following the pres ...

CPS Technologies (CPSH) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Speaker0 Good morning, and welcome to the CPS Technologies First Quarter twenty twenty five Earnings Call. At this time, all participants have been placed on a listen only mode. The floor will be open for questions and comments following the presentation. It is now my pleasure to turn the floor over to your host, Chuck Griffith, Chief Financial Officer at CTS Technologies. Chuck, the floor is yours. Thank you, Tom, and good morning, ever ...

Core Insights - CPS Technologies Corporation reported record revenue of $7.5 million for the first quarter of fiscal 2025, a significant increase from $5.9 million in the same period of 2024, indicating strong demand and operational improvements [4][8] - The company achieved a gross profit of $1.2 million, representing a gross margin of 16.4%, up from 15.3% in the prior year, reflecting enhanced production efficiencies [4][8] - CPS returned to profitability with a net income of $0.1 million, or $0.01 per diluted share, compared to a net loss of $(0.1) million, or $(0.01) per share, in the first quarter of 2024 [5][8] Financial Performance - Revenue for the first quarter of fiscal 2025 was $7.5 million, a 27.1% increase from $5.9 million in the first quarter of fiscal 2024 [4][11] - Gross profit increased to $1.2 million, with a gross margin of 16.4%, compared to $0.9 million and a gross margin of 15.3% in the previous year [4][11] - Operating profit was $0.1 million for the quarter, a turnaround from an operating loss of $(0.3) million in the prior-year period [5][11] Strategic Outlook - The company is focusing on further margin improvement and expanding its target markets, which is expected to strengthen its outlook for fiscal 2025 [3][4] - CPS has initiated three new Phase I Army SBIR contracts during the quarter, contributing to its growth strategy [8] - The management emphasizes the importance of investing in future product lines to meet customer requirements, which is beginning to yield positive results [3][4]

Shares of CPS Technologies Corporation (CPSH) have been unchanged since reporting results for the fourth quarter of 2024. This compares to the S&P 500 index’s 0.7% growth over the same time frame. In the past month, the stock has lost 11.6% compared with the S&P 500’s 8.3% decline.Financial PerformanceCPS Technologies reported a fourth-quarter 2024 loss per diluted share of 7 cents, falling 800% from earnings of 1 cent per diluted share in the prior-year quarter.The company reported total quarterly revenues ...

3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 28, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, for the transition period from to Commission file number: 0-16088 CPS TECHNOLOGIES CORP. (Exact Name of Registrant as Specified in its Charter) Delaware (State or Other Jurisdiction of Incorp ...

Financial Data and Key Metrics Changes - The company's revenue for Q4 2024 was $5.9 million, down from $6.7 million in the same quarter last year, primarily due to the fulfillment of a U.S. Navy armor contract [10][11] - The operating loss for Q4 was approximately $1.3 million, compared to an operating income of about $0.1 million in Q4 2023 [16] - A net loss of $1 million or $0.07 per share was reported, contrasting with a net income of $0.2 million or $0.01 per diluted share in Q4 of fiscal 2023 [17] - The gross loss in Q4 was $0.3 million, representing approximately negative 4.6% of sales, compared to a gross profit of $1.1 million or 17% of sales last year [14] Business Line Data and Key Metrics Changes - Sales declined year-over-year due to the completion of the armor contract, but there was a significant sequential increase of 40% in revenue from Q3 2024 due to increased customer shipments [6][21] - The company is fulfilling a $13.3 million contract with a semiconductor manufacturer for power module components, which is expected to continue through September 2025 [23] - Continued strong demand for power module components and related solutions from both new and existing customers was noted [12] Market Data and Key Metrics Changes - The company is experiencing strong demand for its metal matrix composites and hermetic packaging applications, particularly in high-speed rail, wind turbines, and electric vehicle applications [24][39] - The company is actively seeking new customers in the aerospace industry for its fiber reinforced aluminum (FRA) products [39] Company Strategy and Development Direction - The company aims to expand its product offerings and target new applications in key markets with demanding technical requirements [25] - Plans to add new product lines leveraging proprietary technology, including aluminum infiltrated products, were discussed [27] - The company is optimistic about securing additional armor orders for Navy vessels in fiscal 2025, despite current budget challenges [40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a turnaround from Q3 results, with expectations for improved financial performance and operational execution in 2025 [21][38] - The company anticipates improving gross margins and bottom-line results as production volumes increase and one-time expenses are behind them [38] - Management highlighted the importance of ongoing strong customer demand and expanded manufacturing capabilities for future growth [41] Other Important Information - The company has transitioned to a new auditing firm, PKF O'Connor Davies, for its 2024 audit [9][19] - The company reported a significant increase in cash and marketable securities, ending the year with $3.3 million in cash and $1 million in marketable securities, compared to $8.8 million in cash at the start of 2024 [17] Q&A Session Summary Question: What is the market size for radiation shielding in the trucking business? - Management indicated that the market is still in development, with early interest from various applications beyond trucking, including facility management and aerospace [44][48] Question: What kind of revenues might be expected in the next year or two for those applications? - Management stated it is difficult to quantify revenues at this stage due to the diverse markets and the need for certification as a supplier [49][50] Question: Will the company manufacture munitions rounds if accepted by the army? - Management explained that the SBIR funding allows for potential sole source provision if the company can meet the army's needs through the development process [53][56] Question: What is the timeline for the munitions development process? - The SBIR program has a 6-month Phase-1, followed by a potential 24-month Phase-2, depending on the progress made [58][60] Question: What is the status of the Southeast Asian Armor contract? - Management confirmed that development work is ongoing to restore potential for the armor contract, but a timeline for further testing is not currently available [104][106]

Financial Performance - Revenue for the fourth quarter of 2024 was $5.9 million, a decrease from $6.7 million in the prior-year period, primarily due to the completion of the HybridTech Armor® contract[5] - Gross loss for the fourth quarter was $0.3 million, representing a gross margin of (4.6)%, compared to a gross profit of $1.1 million and a margin of 17.0% in the same quarter of fiscal 2023[5] - Operating loss for the fourth quarter was $1.3 million, compared to an operating profit of $0.1 million in the prior-year period[7] - The company reported a net loss of $1.0 million, or $(0.07) per diluted share, compared to net income of $0.2 million, or $0.01 per diluted share, in the quarter ended December 30, 2023[7] Revenue Growth - Revenue increased by 40% sequentially from the third quarter of 2024, attributed to the addition of a third shift and increased production capacity[4] Contracts and Sales - The company secured three Phase I SBIR contracts from the U.S. Army, each valued at $250,000, raising the total number of externally funded programs to six[6] - CPS announced its first commercial sale of radiation shielding, marking a significant expansion of its product offerings[6] - The ongoing $13.3 million power module contract supports the company's positive outlook for 2025[4] Assets and Equity - Total current assets decreased to $14.2 million as of December 28, 2024, down from $18.1 million a year earlier[15] - Total stockholders' equity decreased to $14.5 million as of December 28, 2024, compared to $17.3 million at the end of the previous year[15]