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) | --- | --- | |------------------------------ ...

Financial Data and Key Metrics Changes - For the year ended December 26, 2020, revenues were $20.9 million, a 2.8% decline from $21.5 million in 2019, while operating profit increased to $914,000 from an operating loss of $597,000 in the previous year [7][17] - In Q4 2020, revenues were $4.2 million, a 22% decrease compared to $5.4 million in Q4 2019, with an operating loss of $291,000 compared to an operating profit of $367,000 in the same period last year [7][16] - Gross margin for Q4 2020 was 12%, down from 18% in Q4 2019, while the annual gross margin improved to 20% from 12% in 2019 [16][17] Business Line Data and Key Metrics Changes - Demand for larger volume products, particularly baseplates for traction applications, declined due to COVID-19, affecting revenues significantly [8][10] - Conversely, demand for aerospace applications increased, and new products continued to progress through the pipeline [11][12] Market Data and Key Metrics Changes - Approximately 50% of revenues come from Europe, which was heavily impacted by COVID-19 lockdowns, leading to decreased train ridership and delayed delivery schedules [8][9] - The company noted a significant opportunity in the U.S. aerospace and defense electronics industries, with approximately 70% of revenues being exports [14] Company Strategy and Development Direction - The company is focusing on strengthening its sales and marketing efforts in the U.S. aerospace and defense sectors, with a concerted effort to secure new design wins and bookings [14][22] - CPS Technologies is excited about its product pipeline, particularly in high-voltage power modules and aerospace applications, which are expected to drive future growth [22][29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing disruptions caused by COVID-19 but expressed optimism that the fourth quarter represented the bottom in terms of demand [12] - The company is actively exploring opportunities for capital investment and potential equity raises to support growth initiatives [42][44] Other Important Information - The company ended the quarter with $195,000 in cash and no borrowing against its line of credit, a significant improvement from previous quarters [18][21] - CPS Technologies is involved in notable projects, including participation in NASA's Mars Rover program, which highlights its capabilities in high-reliability applications [13] Q&A Session Summary Question: Capacity of the facility - Management indicated that the facility could handle a volume of 2X to 3X current revenues without significant capital investment [40][41] Question: Equity raise considerations - Management acknowledged the potential for an equity raise to capitalize on the current stock performance and enhance the balance sheet [42][44] Question: Aerospace revenue percentage - Aerospace revenues have increased from approximately 20% to 35% in recent quarters [46] Question: Design wins communication strategy - Management expressed intent to communicate future design wins similarly to the HybridTech armor contract announcement [49] Question: Armor order revenue impact - Each order to Kinetic Protection translates to about half of the total order amount coming to CPS Technologies [60] Question: Q4 gross margins and price increases - Q4 gross margins reflected all price increases discussed previously, with a focus on top-line growth to improve margins [62][64]

CPS Technologies Corporation (NASDAQ:CPSH) Q3 2020 Earnings Conference Call October 28, 2020 4:45 PM ET Company Participants Chuck Griffith – Chief Financial Officer Grant Bennett – President and Chief Executive Officer Conference Call Participants Lenny Dunn – Mutual Trust Company Operator Ladies and gentlemen, thank you for standing by, and welcome to CPS Technologies Corp. Third Quarter Investor Conference. At this time, all participant lines are in a listen-only mode. After the speaker's presentation, t ...

CPS Technologies Corporation (NASDAQ:CPSH) Q2 2020 Earnings Conference Call July 29, 2020 4:45 PM ET Company Participants Charles Griffith - CFO Grant Bennett - President and CEO Conference Call Participants Lenny Dunn - Mutual Trust Company Mike Hyde - Jefferies Warren Silver - Operator Ladies and gentlemen, thank you for standing by, and welcome to the CPS Technologies Corp. Second Quarter Investor Conference Call. At this time, all the participants are in a listen-only mode. After the speakers' presentat ...

CPS Technologies Corporation (NASDAQ:CPSH) Q1 2020 Earnings Conference Call May 5, 2020 4:30 PM ET Company Participants Charles Griffith - Chief Financial Officer Grant Bennett - Chief Executive Officer Conference Call Participants Lenny Dunn - Mutual Trust Company Mike Hyde - Jefferies Operator Good afternoon. My name is Ivo, and I'll be your conference operator today. At this time, I would like to welcome everyone to CPS Technologies First Quarter Conference Call. All lines have been placed on mute to pre ...

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 28, 2019 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 (Exact Name of Registrant as Specified in its Charter) | --- | --- | |------------------------ ...

CPS Technologies Corporation (NASDAQ:CPSH) Q2 2019 Results Earnings Conference Call July 31, 2019 4:30 PM ET Company Participants Charles Griffith - CFO Grant Bennett - CEO Conference Call Participants Lenny Dunn - Mutual Trust Company Mike Hyde - Jefferies Operator Good afternoon. My name is Leah, and I will be your conference operator today. At this time, I would like to welcome everyone to the CPS Technologies Second Quarter Conference Call. [Operator Instructions] Thank you. Mr. Chuck Griffith, the floo ...

CPS Technologies Corporation (NASDAQ:CPSH) Q1 2019 Earnings Conference Call May 1, 2019 4:30 PM ET Company Participants Ralph Norwood - CFO Grant Bennett - CEO Conference Call Participants Operator Good afternoon. My name is Heather, and I'll be your conference operator today. At this time, I would like to welcome everyone to the CPS Technologies First Quarter 2019 Conference Call. [Operator instructions] Thank you. Now it's my pleasure to turn today's call over to our host, Mr. Ralph Norwood, Chief Financi ...

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 29, 2018 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 (Exact Name of Registrant as Specified in its Charter) | --- | --- | |------------------------ ...