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]
CPS Technologies(CPSH) - 2025 Q1 - Quarterly Results