CPS Technologies Reports Q1 Earnings with Revenue Decline
CPS Technologies (NASDAQ:CPSH) reported first-quarter revenue of $7.0 million, down from $7.5 million a year earlier, citing order timing as the primary cause rather than reduced demand. Management highlighted strong backlog and intake, including a $4M hermetic packaging contract expected to be fulfilled within 12 months.
Topics: backlog contract award gross margin leadership change operating loss revenue