Chris? Chris Witty Thanks, Chuck, and good afternoon, everyone. Before we begin the business portion of the call, I would like to point out that statements in this conference call that are not strictly historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and should be considered as subject to the many uncertainties that exist in CPS' operations and environment. These uncertainties include, but are not limited to, the war in Ukraine, economic co ...

(8) Notes Payable In March 2020, the Company acquired a Sonoscan ultrasound microscope for a price of $208 thousand. The full amount was financed through a 5 year note payable with a third party equipment finance company. The note is collateralized by the microscope and is being paid in monthly installments of $4 thousand, consisting of principal plus interest at a rate of 6.47%. The aggregate maturities of the notes payable based on the payment terms of the agreement are as follows: | --- | --- | --- | |-- ...

CPS Technologies Corporation (NASDAQ:CPSH) Q4 2022 Earnings Conference Call March 7, 2023 4:30 PM ET Company Participants Chuck Griffith - Chief Financial Officer Michael McCormack - President & Chief Executive Officer Anthony Koski - Chief Development Officer Conference Call Participants Michael White - Private Investor Ron Richards - Private Investor Operator Good day everyone and welcome to the CPS Technologies 2022 Earnings Call. [Operator Instructions] It is now my pleasure to turn the floor over to yo ...

Financial Data and Key Metrics Changes - Revenues for Q3 2022 were $6.7 million, a 22% increase from $5.5 million in Q3 2021, and an operating profit of $709,000 compared to an operating loss of $88,000 in the same quarter last year [5][11][14] - Year-to-date revenues reached $20.5 million, up from $16.2 million for the first nine months of 2021, marking the best nine-month period in the company's history [11] - Gross margin in Q3 2022 was $1.9 million or 28% of sales, compared to $1.1 million or 19% of sales in Q3 2021, driven by higher sales and improved product mix [12] - Operating income for the first nine months of 2022 totaled $1.9 million, a significant increase from $201,000 in the same period of 2021 [14] Business Line Data and Key Metrics Changes - The increase in revenue was primarily attributed to higher shipments of Armor panels [11] - The book-to-bill ratio for the past quarter was over 2, with a trailing four-quarter ratio of 1.36, indicating strong demand relative to shipments [7] Market Data and Key Metrics Changes - The company is actively pursuing opportunities in the U.S. Navy and other defense sectors, with a significant order for ballistic protection systems upgrades valued at $8.8 million [20] - The hermetic packaging market is expected to double in the near term, with current projections of over $10 million for the year [45] Company Strategy and Development Direction - The company is focused on two primary markets: infrastructure and aerospace and defense, which are seen as large with multiple paths to success [33] - CPS is committed to driving new business and increasing sales, with a reorganized sales team aimed at building a pipeline of high-value opportunities [26][28] - The company is also expanding its product lines, including a new focus on contract research and development (CRAD) to deliver intellectual property-based solutions [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance despite challenges such as inflation and supply chain issues, noting proactive planning to mitigate impacts [9][10] - The leadership team is optimistic about achieving continued positive financial results and is focused on executing strategic initiatives to sustain growth [19][30] Other Important Information - The company ended the quarter with $5.6 million in cash, an increase from $5.1 million at the end of 2021, primarily due to net profit [15] - Accounts receivable increased to $5.8 million, reflecting growth in sales and including $641,000 for the employee retention tax credit [16] Q&A Session Summary Question: How can the equity get more noticed? - Management acknowledged the importance of investor relations and is finalizing plans to enhance visibility and communication with investors [42][43] Question: What is the outlook for the hermetic packaging market? - The hermetic packaging business is large, with potential to double sales in the near term, and CPS is uniquely positioned with its AlSiC Hermetic Package [45][46] Question: Can you comment on the HybridTech Armor order? - The order represents significant armor for U.S. Navy aircraft carriers, with delivery schedules dependent on the availability of the ships [50][52]

CPS Technologies Corporation (NASDAQ:CPSH) Q2 2022 Earnings Conference Call August 5, 2022 9:00 AM ET Company Participants Chuck Griffith - Chief Financial Officer Michael McCormack - President, Chief Executive Officer Operator Good day, everyone, and welcome to the CPS Technologies Corp's Second Quarter Investors Call. Today's call is being recorded. At this time, I would like to turn the conference over to Chuck Griffith. Please go ahead. Chuck Griffith Thank you, operator, and good morning, everyone. Tha ...

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 25, 2021 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 Corporation (NASDAQ:CPSH) Q3 2021 Earnings Conference Call October 27, 2021 4:45 PM ET Company Participants Chuck Griffith – Chief Financial Officer Dan Barton – Senior Director-Operations Conference Call Participants Lenny Dunn – Mutual Trust Company Operator Good day and thank you for standing by. Welcome to the CPS Technologies Corporation Third Quarter Investor Call. At this time all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-a ...

CPS Technologies Corp (NASDAQ:CPSH) Q2 2021 Earnings Conference Call July 28, 2021 4:45 PM ET Company Participants Charles Griffith - CFO Michael McCormack - President, CEO & COO Conference Call Participants Operator Good day, and thank you for standing by. Welcome to the CPS Technologies Corporation Second Quarter Investor Call. [Operator Instructions]. I would now like to hand the conference over to your speaker today, Mr. Chuck Griffith, Chief Financial Officer. Sir, please go ahead. Charles Griffith Tha ...

CPS Technologies Corporation (NASDAQ:CPSH) Q1 2021 Earnings Conference Call April 29, 2021 4:45 PM ET Company Participants Chuck Griffith - Chief Financial Officer Grant Bennett - President & Chief Executive Officer Michael McCormack - Chief Operating Officer Conference Call Participants Operator Good afternoon, and thank you for standing by, and welcome to CPS Technologies Corp. First quarter Investor Call. At this time, all participant lines are in a listen-only mode. After the speaker's presentation, the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 26, 2020 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) | --- | --- | |------------------------------ ...