CPS Technologies Announces Second Quarter 2025 Financial Results

Core Insights - CPS Technologies Corporation reported a return to profitability with positive net income and record revenue in the second quarter of fiscal 2025, driven by higher production rates and increased shipments [1][2][3] - The company expects strong revenue in the second half of the year, with an emphasis on improving gross margins and overall profitability [1][2] - CPS secured its first order for AlMax™ material, showcasing its innovative technologies and effective manufacturing capabilities [1][6] Financial Performance - Revenue for the second quarter was $8.1 million, up from $5.0 million in the same period last year, reflecting a 62% increase [2][6] - Gross profit was $1.3 million, representing a gross margin of 16.5%, compared to a gross loss of $0.2 million in the prior-year period [2][6] - Operating profit was $0.1 million, a significant improvement from an operating loss of $(1.3) million in the previous year [3][6] Earnings and Share Performance - Reported net income was $0.1 million, or $0.01 per diluted share, compared to a net loss of $(0.9) million, or $(0.07) per diluted share, in the same quarter last year [3][9] - The weighted average number of diluted common shares outstanding was 14,577,433 [9] Product and Market Development - CPS announced its fourth Small Business Innovation Research (SBIR) contract of the year, focusing on reducing the weight of the Amphibious Combat Vehicle for the U.S. Marine Corps [6] - The company continues to expand its product catalog and has demonstrated robust demand for its offerings [1][6] Company Overview - CPS is a leader in high-performance materials solutions, addressing critical needs in various applications, including electric vehicles, wind turbines, and defense [5] - The company is committed to innovation and supporting the transition to clean energy [5]