Financial Data and Key Metrics Changes - The company achieved a record revenue of $8.1 million for Q2, representing a 61% increase compared to $5 million in the same quarter last year [6][4] - Gross profit for the quarter was $1.3 million, approximately 16.5% of sales, compared to a gross loss of $200,000 last year [6][8] - The company reported an operating profit of about $137,000 in Q2, compared to an operating loss of approximately $1.3 million last year [8] - Net income was just over $100,000 or $0.01 per share, versus a net loss of about $900,000 or $0.07 per share in the previous year [8] Business Line Data and Key Metrics Changes - The company has broadened its core product offerings and anticipates continued strong revenue results driven by strong customer demand and improved manufacturing output [6][4] - Manufacturing capacity has increased significantly, with the addition of a third shift to meet growing demand [11][8] Market Data and Key Metrics Changes - The company is experiencing strong demand across various markets, including defense spending and material science solutions [5][4] - The federal budget for fiscal 2026 prioritizes defense spending, which is expected to benefit the company’s ballistic solutions [18] Company Strategy and Development Direction - The company is focused on increasing manufacturing efficiencies to improve profitability and returns for shareholders [16][21] - Ongoing innovation in material science is a key area of focus, with new technologies being brought to market and development contracts being secured [11][14] - The company is committed to expanding gross margins and improving overall performance [15][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future revenue opportunities, citing a strong order pipeline and ongoing demand [24][4] - The company is actively pursuing additional SBIR contracts and has a solid backlog to meet robust demand [19][20] Other Important Information - The company recently won its fourth SBIR development contract of the year, focusing on reducing the weight of military vehicles [11] - The first purchase order for Almax Materials has been received, indicating commercial traction for the newly licensed fiber reinforced aluminum composites [13][14] Q&A Session Summary Question: Visibility into future revenues and sales cycle - Management indicated that the ordering cycle varies, with some customers placing orders a few months out, while others are in the four to six month timeframe [23][24] Question: Impact of data center spending on the company - Management acknowledged the growing interest in high voltage DC projects, which could provide new opportunities for the company, separate from its core markets [27][29] Question: Status of a terminated radiation shielding contract - Management confirmed that the specific contract has been fully canceled, but remains optimistic about future opportunities in radiation shielding [33][34] Question: Capacity constraints with increased production - Management noted that while demand remains robust, plans are underway to address potential capacity constraints [37][38] Question: Licensing of fiber reinforced aluminum technology - Management clarified that the company is the exclusive global licensee and is working to enhance the material's capabilities beyond the original development [40][41]

Core Insights - CPS Technologies Corporation reported a return to profitability with positive net income and record revenue in the second quarter of fiscal 2025, driven by higher production rates and increased shipments [1][2][3] - The company expects strong revenue in the second half of the year, with an emphasis on improving gross margins and overall profitability [1][2] - CPS secured its first order for AlMax™ material, showcasing its innovative technologies and effective manufacturing capabilities [1][6] Financial Performance - Revenue for the second quarter was $8.1 million, up from $5.0 million in the same period last year, reflecting a 62% increase [2][6] - Gross profit was $1.3 million, representing a gross margin of 16.5%, compared to a gross loss of $0.2 million in the prior-year period [2][6] - Operating profit was $0.1 million, a significant improvement from an operating loss of $(1.3) million in the previous year [3][6] Earnings and Share Performance - Reported net income was $0.1 million, or $0.01 per diluted share, compared to a net loss of $(0.9) million, or $(0.07) per diluted share, in the same quarter last year [3][9] - The weighted average number of diluted common shares outstanding was 14,577,433 [9] Product and Market Development - CPS announced its fourth Small Business Innovation Research (SBIR) contract of the year, focusing on reducing the weight of the Amphibious Combat Vehicle for the U.S. Marine Corps [6] - The company continues to expand its product catalog and has demonstrated robust demand for its offerings [1][6] Company Overview - CPS is a leader in high-performance materials solutions, addressing critical needs in various applications, including electric vehicles, wind turbines, and defense [5] - The company is committed to innovation and supporting the transition to clean energy [5]

Core Insights - CPS Technologies has received its fourth Small Business Innovation Research (SBIR) contract of the year, focusing on reducing the weight of the Amphibious Combat Vehicle (ACV) for the U.S. Marine Corps [1][2][3] - The SBIR contract is valued at $140,000 for six months, with an optional extension worth an additional $100,000, aimed at redesigning vehicle components to enhance fuel efficiency and operational range [2] - CPS Technologies has also received its first commercial order for AlMax™ materials, which are Fiber-Reinforced Aluminum (FRA) Composites, indicating promising commercial traction [4][6] SBIR Contract Details - The contract will leverage CPS's expertise in advanced materials and composite engineering to evaluate components like armor and suspensions for lightweight alternatives [2] - The project is led by a CPS Materials Scientist with a strong background in composite innovation [3] - The focus is on enhancing the performance of the ACV family without compromising protection or mobility [3] AlMax™ Materials - AlMax™ materials offer the density of aluminum with superior performance characteristics, including exceptional wear resistance and high-temperature strength [4] - The initial order for AlMax™ is from a domestic manufacturer, reflecting strong interest across multiple markets [6] - Customer feedback has been positive, suggesting a strong growth trajectory for AlMax™ products [6] Company Overview - CPS Technologies is a leader in high-performance materials solutions, addressing critical needs in various applications, including defense, transportation, and clean energy [7] - The company aims to pioneer the next generation of materials and solve complex engineering challenges [8]

Core Insights - Consumer Portfolio Services, Inc. reported earnings of $4.7 million, or $0.19 per diluted share, for Q1 2025, showing a slight increase from $4.6 million in Q1 2024 [1][9] - Revenues for Q1 2025 reached $106.9 million, a 16.6% increase from $91.7 million in Q1 2024 [2][9] - The company achieved the highest amount in new loan originations for any first quarter in its history, with new contract purchases totaling $451.2 million [5][9] Financial Performance - Total operating expenses for Q1 2025 were $100.1 million, up from $85.2 million in the same period last year [2] - Pretax income for Q1 2025 was $6.8 million, compared to $6.6 million in Q1 2024 [2] - The annualized net charge-offs for Q1 2025 were 7.54% of the average portfolio, down from 7.84% in Q1 2024 [4][13] Portfolio and Receivables - As of March 31, 2025, total receivables amounted to $3.615 billion, an increase from $3.491 billion as of December 31, 2024, and $3.021 billion as of March 31, 2024 [3][12] - Delinquencies greater than 30 days were 12.35% of the total portfolio as of March 31, 2025, slightly down from 12.39% a year earlier [4][13] - The company purchased $451.2 million in new contracts during Q1 2025, compared to $346.3 million in Q1 2024 [3][12] Operational Highlights - The company focuses on providing indirect automobile financing to individuals with past credit problems or limited credit histories [7] - CPS funds contract purchases primarily through the securitization markets and services the contracts over their lives [7] - A conference call is scheduled for May 13, 2025, to discuss the Q1 2025 operating results [5][6]

Core Insights - CPS Technologies Corporation (CPSH) experienced a 4.8% decline in shares following the first quarter of 2025 results, contrasting with a 1.5% growth in the S&P 500 index during the same period [1] - The company reported record revenues of $7.5 million, a 27% year-over-year increase from $5.9 million, driven by strong demand for AlSiC and hermetic packaging products [2] - Gross profit rose to $1.2 million with a margin of 16.4%, up from $0.9 million and a margin of 15.3% a year ago, indicating improved manufacturing efficiencies [3] Revenue & Profitability - Net income was just under $100,000, reversing a net loss of approximately $140,000 from the previous year, reflecting a positive turnaround [3] - The company is now debt-free after paying off its debt in the first quarter and maintains a current ratio of 3.3, above the industry average of 2.4 [5] Operational Metrics - Cash and equivalents decreased to $1.9 million from $3.3 million, attributed to working capital needs related to revenue growth [4] - Trade accounts receivable increased to $6.3 million from $4.9 million, while payables and accruals rose modestly to $4.2 million from $4 million [4] Strategic Focus - Management emphasized the strength of non-armor revenues and the growing demand for core products, particularly in hermetic packaging and AlSiC components for electric trains and power modules [6] - The company aims to improve gross margins, targeting a return to 20-25% through operational improvements and staff training [7] Market Opportunities - AlSiC products are being integrated into infrastructure for wind power and high-voltage DC transmission systems, driven by increasing power needs from AI workloads [8] - CPSH plans to utilize new 5-axis machining capabilities for customer shipments, tapping into a $50 million market opportunity in hermetic packaging [9] Future Outlook - While no formal financial guidance was issued, management expressed confidence in achieving record full-year revenues based on current backlog and demand [10] - CPSH is expanding its product portfolio through various research programs, including projects for radiation shielding and thermal energy storage [11] Challenges & Developments - A commercial HybridTech radiation shielding order was canceled, but CPSH continues to develop radiation shielding under a $1.1 million DOE contract [12] - The company is exploring new armor applications, including lightweight ballistic flooring for helicopters, which has passed testing and is under OEM review [13] Summary - CPS Technologies demonstrated a strong recovery in the first quarter of 2025, showcasing operational resilience and growth without reliance on its previous armor segment, positioning itself favorably in high-demand sectors [14]

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]

Financial Data and Key Metrics Changes - The company reported record revenue of $7,500,000 for the first quarter, an increase from $5,900,000 in the same period last year, representing a year-over-year growth of approximately 27% [5][7][12] - Gross profit for the quarter was $1,200,000, or about 16.4% of sales, compared to $900,000 or 15.3% of sales last year, indicating improved manufacturing efficiencies [8][9] - The company achieved a net income of just under $100,000, or $0.01 per share, compared to a net loss of around $140,000, or negative $0.01 per share in Q1 of fiscal 2024 [10] Business Line Data and Key Metrics Changes - The company successfully replaced the loss of armor revenue with growth in other product sales, driven by strong customer demand and increased production output [5][6] - Demand for Altic and Traumatic Pactane products remains strong, with accelerated orders for films in response to customer needs [13] Market Data and Key Metrics Changes - The company noted potential future orders for armor products, particularly from the U.S. Navy, which could positively impact revenue growth [13] - The market for hybrid electric military ground vehicles is expanding, with significant interest in fiber reinforced aluminum (FRA) for various applications, including aerospace [17] Company Strategy and Development Direction - The company is focused on enhancing profitability through higher asset utilization and improved operating efficiencies, with ongoing initiatives to drive margin expansion [14][23] - The product development team is expanding its portfolio, including metal matrix composite products and radiation shielding solutions, targeting a $4,000,000,000 market [20][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued revenue growth, supported by a strong backlog and increased manufacturing capabilities [6][23] - The company is monitoring the impact of tariffs on raw materials, noting that aluminum costs represent a small percentage of finished products, thus minimizing potential negative effects [39][40] Other Important Information - The company has six active externally funded research programs, including five SBIRs, indicating strong market interest in its technology [16] - A recent cancellation of a purchase order for Hybri Tech radiation shielding was due to reasons unrelated to the company, but management remains optimistic about future opportunities in this area [19] Q&A Session Summary Question: Potential to bring in other partners to market unique technologies - Management confirmed existing partnerships and ongoing discussions with market participants, particularly in the fiber reinforced aluminum sector [27][28] Question: Opportunities in radioactive shielding - Management highlighted strong market interest in their radiation shielding solutions, particularly for modular walls and lightweight barriers [29][30] Question: Other potential armor opportunities - Management mentioned ongoing efforts to pursue additional military contracts, particularly for helicopter ballistic protection [34][35] Question: Current tariff environment impact - Management indicated that raw material costs, including aluminum, do not significantly impact the bottom line, and they are actively reviewing supply chain options [39][42] Question: Profit margin concerns - Management acknowledged that yield issues and product mix have affected margins, but they are focused on improving these metrics moving forward [45][46] Question: Goals for gross margins - Management expressed a goal to improve gross margins to 20-25% in the future, depending on product mix and operational improvements [57][58]

Financial Data and Key Metrics Changes - The company reported record revenue of $7,500,000 for Q1 2025, up from $5,900,000 in Q1 2024, representing a year-over-year increase of approximately 27% [5][7][12] - Gross profit for the quarter was $1,200,000, or about 16.4% of sales, compared to $900,000 or 15.3% of sales in the previous year [8][9] - The company achieved an operating profit of approximately $130,000, a significant improvement from an operating loss of around $260,000 in the prior year [10][11] Business Line Data and Key Metrics Changes - Revenue growth was driven by strong demand for core products, particularly Altic and Traumatic Pactane, despite no sales from Hybri Tech Armor in the current quarter [6][13] - The company has seen increased production output and a strong order backlog, contributing to higher capacity utilization [8][12] Market Data and Key Metrics Changes - Demand for MMC products has returned to strong levels post-COVID, with new opportunities emerging in wind farms and electric power applications [14][15] - The company is exploring significant future growth opportunities in markets such as aerospace and military applications, particularly with fiber reinforced aluminum [17][21] Company Strategy and Development Direction - The company is focused on enhancing profitability through higher asset utilization and improved operating efficiencies [14][23] - Ongoing product development initiatives include six active externally funded research programs, with a focus on hybrid tech and radiation shielding solutions [16][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued revenue growth and margin improvement, supported by a strong demand for products and new market opportunities [6][23] - The company is prepared for its best year ever, with production levels and shipments at record highs [23] Other Important Information - The company ended the quarter with $1,900,000 in cash and $1,000,000 in marketable securities, down from $3,300,000 in cash at the start of 2025 [11] - The company is actively monitoring the tariff environment and its potential impact on raw material costs, noting that materials do not constitute a large percentage of finished products [35][36] Q&A Session Summary Question: Potential for partnerships to market unique technologies - The company has established relationships with partners in hermetic packaging and is exploring further opportunities as commercialization approaches [26][27] Question: Status of radioactive shielding opportunities - The company is receiving market interest for its radiation shielding solutions, particularly for modular walls and lightweight barriers [28][29] Question: Other potential armor opportunities - The company is pursuing additional opportunities, including a phase one army solution for military helicopter flooring [31][32] Question: Current tariff environment impact - The company noted that raw materials like aluminum do not significantly impact overall costs, and they are monitoring supply chain adjustments [34][35][38] Question: Profit margin concerns - Management acknowledged that yield issues from adding a third shift affected margins but are focused on improving these metrics moving forward [40][41][50] Question: Market share and growth attribution - The company believes it is gaining market share and new customers while benefiting from overall market growth in electrical grid expansion and wind farm developments [54][58]

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 ...