Record-Breaking Revenue
CPS Technologies reported a record revenue of $7.5 million in Q1 2025, up from $5.9 million in Q1 2024, marking a 27% increase year-over-year and sequentially from Q4 2024.
Operating Profit Achievement
The company achieved an operating profit of approximately $130,000 in Q1 2025 compared to an operating loss of $260,000 in Q1 2024.
Gross Profit Improvement
Gross profit increased to $1.2 million, or 16.4% of sales, compared to $0.9 million, or 15.3% of sales, in the previous year.
New Product Development Initiatives
CPS Technologies is expanding its product portfolio with the ongoing development of metal matrix composite products, including six active externally-funded research programs.
Increased Manufacturing Capabilities
The company increased manufacturing throughput by adding a third shift of production, contributing to higher capacity utilization.
Defense Market Opportunities
CPS Technologies sees significant opportunities in the defense market, specifically with the U.S. Navy and potential orders for HybridTech Armor.