Core Insights - CPS Technologies Corporation reported record revenue of $7.5 million for the first quarter of fiscal 2025, a significant increase from $5.9 million in the same period of 2024, indicating strong demand and operational improvements [4][8] - The company achieved a gross profit of $1.2 million, representing a gross margin of 16.4%, up from 15.3% in the prior year, reflecting enhanced production efficiencies [4][8] - CPS returned to profitability with a net income of $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 first quarter of 2024 [5][8] Financial Performance - Revenue for the first quarter of fiscal 2025 was $7.5 million, a 27.1% increase from $5.9 million in the first quarter of fiscal 2024 [4][11] - Gross profit increased to $1.2 million, with a gross margin of 16.4%, compared to $0.9 million and a gross margin of 15.3% in the previous year [4][11] - Operating profit was $0.1 million for the quarter, a turnaround from an operating loss of $(0.3) million in the prior-year period [5][11] Strategic Outlook - The company is focusing on further margin improvement and expanding its target markets, which is expected to strengthen its outlook for fiscal 2025 [3][4] - CPS has initiated three new Phase I Army SBIR contracts during the quarter, contributing to its growth strategy [8] - The management emphasizes the importance of investing in future product lines to meet customer requirements, which is beginning to yield positive results [3][4]
CPS Technologies Announces First Quarter 2025 Financial Results