CPS Technologies(CPSH) - 2025 Q2 - Quarterly Results

Financial Statements CPS Technologies Corporation demonstrated a significant financial turnaround, moving from net losses to profitability and strengthening its balance sheet with increased assets and equity Statements of Operations (Unaudited) CPS Technologies Corporation reported a significant turnaround in its financial performance for the three and six months ended June 28, 2025, compared to the prior year, moving from a net loss to net income, driven by substantial growth in product sales and improved gross profit margins Key Financial Highlights (Statements of Operations) | Metric | Three Months Ended June 28, 2025 | Three Months Ended June 29, 2024 | Change (YoY) | | :--------------------------------- | :------------------------------- | :------------------------------- | :----------- | | Product sales | $8,078,657 | $5,030,313 | +60.6% | | Gross profit | $1,336,316 | $(229,992) | Turnaround | | Income (loss) from operations | $136,927 | $(1,314,987) | Turnaround | | Net income (loss) | $103,833 | $(954,304) | Turnaround | | Net income (loss) per basic common share | $0.01 | $(0.07) | Turnaround | | Metric | Six Months Ended June 28, 2025 | Six Months Ended June 29, 2024 | Change (YoY) | | :--------------------------------- | :------------------------------- | :------------------------------- | :----------- | | Product sales | $15,584,578 | $10,942,947 | +42.4% | | Gross profit | $2,567,317 | $676,318 | +279.6% | | Income (loss) from operations | $266,578 | $(1,574,599) | Turnaround | | Net income (loss) | $199,795 | $(1,097,458) | Turnaround | | Net income (loss) per basic common share | $0.01 | $(0.08) | Turnaround | - Product sales increased significantly by 60.6% for the three months ended June 28, 2025, and by 42.4% for the six months ended June 28, 2025, compared to the respective prior-year periods[2] - The company achieved a positive gross profit of $1,336,316 for the three months and $2,567,317 for the six months ended June 28, 2025, reversing losses from the prior year[2] Balance Sheets (Unaudited) As of June 28, 2025, CPS Technologies Corp. reported an increase in total assets and stockholders' equity compared to December 28, 2024, primarily driven by increases in accounts receivable and inventories, despite a decrease in cash and cash equivalents Key Financial Highlights (Balance Sheets) | Metric | June 28, 2025 | December 28, 2024 | Change | | :--------------------------------- | :---------------- | :------------------ | :----- | | Assets: | | | | | Cash and cash equivalents | $2,374,037 | $3,280,687 | $(906,650) | | Accounts receivable-trade | $5,602,703 | $4,858,208 | +$744,495 | | Inventories, net | $5,198,246 | $4,331,066 | +$867,180 | | Total current assets | $14,899,576 | $14,159,016 | +$740,560 | | Total Assets | $19,369,770 | $18,876,946 | +$492,824 | | Liabilities: | | | | | Accounts payable | $3,286,223 | $3,053,712 | +$232,511 | | Total current liabilities | $4,461,070 | $4,307,550 | +$153,520 | | Total liabilities | $4,492,347 | $4,364,827 | +$127,520 | | Stockholders' Equity: | | | | | Total stockholders' equity | $14,877,423 | $14,512,119 | +$365,304 | - Total assets increased by $492,824 to $19,369,770 as of June 28, 2025, from $18,876,946 at December 28, 2024[4] - Stockholders' equity grew by $365,304 to $14,877,423, reflecting the company's improved financial position[4]