CALGARY, Alberta, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. ("CPS" or the "Company") (TSXV: CPS) is pleased to announce its third quarter 2024 financial results. The Company's interim financial statements and notes thereto and Management's Discussion and Analysis for the three and nine months ended June 30, 2024, are available under CPS's SEDAR+ profile. Highlights The Company devoted its time and resources during the three-month period ended June 30, 2024, to advancing its integrated pat ...

CPS Technologies Corporation (NASDAQ:CPSH) Q2 2024 Earnings Call August 1, 2024 9:00 AM ET Company Participants Chris Witty - Investor Relations Chuck Griffith - Chief Financial Officer Brian Mackey - President and Chief Executive Officer Conference Call Participants Greg Weaver - Invicta Capital Operator Good morning, everyone, and welcome to the CPS Technologies’ Second Quarter 2024 Earnings Call. [Operator Instructions] We will open the floor for your questions and comments after the presentation. It is ...

Financial Performance - Revenue for Q2 2024 was $5.0 million, down 32.4% from $7.4 million in Q2 2023, primarily due to the completion of the HybridTech Armor® contract[1] - Gross margin was (4.6)%, a significant decline from 29.6% in the prior-year period, attributed to lower manufacturing efficiencies and fixed costs[3] - Operating loss for Q2 2024 was $1.3 million, compared to an operating profit of $0.7 million in Q2 2023[4] - Net loss was $1.0 million, or $(0.07) per diluted share, compared to net income of $0.6 million, or $0.04 per diluted share in the same quarter last year[4] Assets and Liabilities - Total current assets decreased to $15.8 million as of June 29, 2024, from $18.1 million at the end of December 2023[8] - Cash and cash equivalents were $6.3 million, down from $8.8 million at the end of December 2023[8] - The total assets decreased to $20.1 million as of June 29, 2024, from $21.6 million at the end of December 2023[8] - Total current liabilities decreased from $4,068,775 to $3,517,190, a reduction of approximately 13.5%[9] - Accrued expenses decreased from $1,075,137 to $671,853, representing a decline of about 37.5%[9] - Total liabilities decreased from $4,280,142 to $3,649,467, a decrease of approximately 14.7%[9] - Stockholders' equity decreased from $17,321,974 to $16,438,659, a decline of about 5.1%[9] - Total liabilities and stockholders' equity decreased from $21,602,116 to $20,088,126, a reduction of approximately 7.0%[9] - Deferred revenue decreased significantly from $251,755 to $65,578, a decline of approximately 73.9%[9] - Long-term lease liability decreased from $172,000 to $101,000, a reduction of about 41.2%[9] - Note payable, current portion decreased from $46,797 to $31,885, a decrease of approximately 31.8%[9] Strategic Initiatives - The company received a new SBIR Phase II contract from the U.S. Navy valued at over $1 million, aimed at developing novel metal matrix composites for thermal energy storage applications[2] - The company is focusing on expanding its product development pipeline to drive future growth despite current challenges[1] - The company is committed to innovation and addressing critical customer needs in various applications, including defense and clean energy[5]

NORTON, Mass., July 31, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced financial results for the fiscal second quarter ended June 29, 2024. Second Quarter Summary Revenue of $5.0 million for the second quarter of 2024 versus $7.4 million in the prior-year period, reflecting lower overall shipments due to the end of the Company's HybridTech Armor® contract with Kinetic Protection for the US Navy Gross margin of (4.6) percent versus 29.6 percent in ...

NORTON, Mass., July 31, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced financial results for the fiscal second quarter ended June 29, 2024. Second Quarter Summary Revenue of $5.0 million for the second quarter of 2024 versus $7.4 million in the prior-year period, reflecting lower overall shipments due to the end of the Company's HybridTech Armor® contract with Kinetic Protection for the US Navy Gross margin of (4.6) percent versus 29.6 percent in ...

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. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. We fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives. Delinq ...

About Consumer Portfolio Services, Inc. Investor Relations Contact Las Vegas, Nevada, July 29, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) ("CPS" or the "Company") today announced that it will hold a conference call on Wednesday, July 31, 2024 at 1:00 p.m. ET to discuss its second quarter 2024 operating results. Danny Bharwani, Chief Financial Officer Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to ind ...

Group 1 - Consumer Portfolio Services, Inc. renewed its two-year revolving credit agreement with Citibank, N.A. on July 11, 2024 [1] - The renewed credit agreement allows CPS to borrow on a revolving basis through July 15, 2026, with an option to repay outstanding loans in full or amortize over a one-year period thereafter [2] - CPS specializes in providing indirect automobile financing to individuals with past credit issues or limited credit histories, primarily purchasing retail installment sales contracts from franchised automobile dealerships [3] Group 2 - The company expects the revolving period of the credit agreement to last for two years, followed by a potential amortization period [4]

TORONTO, July 09, 2024 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, Frankfurt: 6PH) (the "Company" or "CloudMD"), an innovative health services company transforming the delivery of care, and CPS Capital, an entrepreneurial investment firm partnering with businesses and teams to realize their growth goals, are pleased to announce the successful completion of the previously announced goprivate transaction (the "Transaction") pursuant to which, among other things CPS Capital (through an aff ...

TORONTO, June 27, 2024 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, Frankfurt: 6PH) (the "Company" or "CloudMD"), an innovative health services company transforming the delivery of care, is pleased to announce that its securityholders approved the special resolution authorizing the previously announced plan of arrangement (the "Arrangement") with CPS Capital (through an affiliate) (the "Purchaser"). Pursuant to the Arrangement, the Purchaser will, among other things, acquire all of the i ...