(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 ...

CPS Technologies Corporation (NASDAQ:CPSH) Q3 2022 Earnings Call Transcript November 2, 2022 4:30 PM ET Company Participants Chuck Griffith - Chief Financial Officer Michael McCormack - President, Chief Executive Officer Anthony Koski - Chief Development Officer Operator Good afternoon, ladies and gentlemen, and welcome to the CPS Technologies Third Quarter Earnings Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Chuck Griffith. Sir, the floor is yours. Chuck Griffit ...

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

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]