LAS VEGAS, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) ("CPS" or the "Company") today announced that it will hold a conference call on Friday, November 1, 2024 at 1:00 p.m. ET to discuss its third quarter 2024 operating results. Those wishing to participate can pre-register for the conference call at the following link https://register.vevent.com/register/BIaadcdbbe0a7849aa918eac85c86475ff. Registered participants will receive an email containing conference call detail ...

NORTON, Mass., Oct. 30, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) ("CPS" or the "Company") today announced that it has received an award, valued at approximately $12 million, from a major, longstanding customer to provide power module components and related solutions. This agreement, though cancelable by either party, enables both parties to continue discussions about future volume and price requirements while near-term production needs are met. Deliveries are scheduled to take place ove ...

LAS VEGAS, NV, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) ("CPS" or the "Company"), a leader in providing indirect automobile financing to consumers, today announced the successful integration of Informed.IQ's Dealer Verify tool into its loan origination process. This advanced AI-driven solution enhances the dealer experience by automatically verifying stipulations, improving capture rates, and reducing contracts-in-transit. CPS has consistently focused on leveraging ...

Core Viewpoint - Canadian Premium Sand Inc. announces the departure of CFO Cameron Deller and the appointment of Isha Kular as the new CFO, effective October 3, 2024, which is seen as a strategic move to support the company's upcoming construction and operational phases of its solar glass manufacturing facility [1][4]. Group 1: Management Changes - Cameron Deller has served as CFO since August 2021 and has significantly contributed to the company's strategies and financing efforts [2]. - Isha Kular, with over 17 years of experience in finance, returns to CPS after previously serving as Corporate Controller from 2019 to 2020 [3]. Group 2: Strategic Importance - The return of Isha Kular is crucial as the company prepares for the construction and operations phase of its solar glass manufacturing facility, especially following the announcement of up to $272 million in government financial support [4]. - Glenn Leroux, President & CEO, emphasized the value of Kular's expertise in navigating the stages of financing, construction, and operations [5]. Group 3: Company Overview - Canadian Premium Sand Inc. is developing manufacturing capacity for ultra high-clarity, low carbon patterned solar glass at a facility in Selkirk, Manitoba, utilizing high-purity silica sand and renewable energy sources [5].

LAS VEGAS, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) ("CPS" or the "Company") announced the closing of its fourth term securitization in 2024 on Tuesday, September 17, 2024. The transaction is CPS's 53rd senior subordinate securitization since the beginning of 2011 and the 36th consecutive securitization to receive a triple "A" rating from at least two rating agencies on the senior class of notes. In the transaction, qualified institutional buyers purchased $416.82 ...

NORTON, Mass., Sept. 17, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced that it has been awarded its second Phase II SBIR contract this year. This award, from the U.S. Department of Energy, will provide funding of $1.1 million over 24 months for CPS to continue its development effort for "Modular Radiation Shielding for Transportation and Use of Microreactors." The Company's Phase II effort will again be led by materials scientist Matthew Karnick ...

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 ...