CPS Technologies(US:CPSH)2025-10-31 12:06Financial Performance - CPS reported record revenue of $8.8 million in Q3 2025, more than doubling the $4.2 million from the prior-year period, marking the third consecutive quarter of record revenue [4]. - Gross profit for the quarter was $1.5 million, representing a gross margin of 17.1%, compared to a gross loss of $0.5 million in Q3 2024 [5]. - Operating profit was $0.3 million in Q3 2025, a significant improvement from an operating loss of $(1.5) million in the same quarter last year [6]. - Net income for the quarter was $0.2 million, or $0.01 per diluted share, compared to a net loss of $(1.0) million, or $(0.07) per diluted share, in Q3 2024 [6]. - The company is on track for 2025 to be its best revenue year in history, with a strong outlook for growth in 2026 and beyond [3]. Contracts and Awards - CPS secured a $15.5 million follow-on contract with a major semiconductor manufacturer, representing a 16.5% year-over-year increase in business from this customer [5]. - The company received two government-funded research awards, including a $1.15 million STTR contract with the U.S. Army and a $125,000 SBIR contract from the U.S. Department of Energy [5]. Assets and Liabilities - Total current assets increased to $15.8 million as of September 27, 2025, up from $14.2 million a year earlier [13]. - Total liabilities rose to $5.3 million as of September 27, 2025, compared to $4.4 million at the end of 2024 [13]. Capital Raising - CPS closed a public offering on October 8, 2025, generating net proceeds of $9.5 million for corporate purposes, including production expansion [5].