CPS TECHNOLOGIES CORP/DE/ CPSH

Industrials SIC 3260 - Pottery & Related Products NAICS Manufacturing › Nonmetallic Mineral Product Manufacturing › Clay Product and Refractory Manufacturing › Pottery, Ceramics, and Plumbing Fixture Manufacturing derived Nasdaq

CPS Technologies Corp. (the "Company" or "CPS") is a Massachusetts-based advanced materials company founded in 1984 (originally as Ceramics Process Systems Corporation) and publicly listed on Nasdaq since 1987. Renamed CPS Technologies Corp. in 2007, the Company designs, manufactures, and sells high-performance material solutions for global customers across diverse markets, including transportation, energy, automotive, electronics, telecommunications, aerospace, and defense.

CPS possesses significant proprietary expertise in metal matrix composites (MMCs), which are custom-engineered materials that combine metals and ceramics to deliver superior performance properties. Due to these properties, which include improved thermal conductivity, stiffness, durability, lighter weight, and thermal expansion matching compared to conventional materials, the Company's products are well suited for applications with high performance demands. CPS's components are used in high-speed trains, mass transit, HVDC power systems, electrical infrastructure, internet equipment, electric and hybrid vehicles, wind turbines, satellites, and even NASA Mars rovers.

Last close 3.51 2026-10-23
Market cap $68.1M 2026-06-27 share count
52-week range 3.03 - 14.39

Valuation FY2025 figures against the last close

P/S2.1x
P/E117.0x
P/FCF—
EV/EBITDA65.1x
Dividend yield—
Diluted EPS0.03

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $32.6M$21.1M$27.6M$26.6M$22.4M$20.9M$21.5M$21.6M$14.6M$15.4M
Cost of revenue $27.3M$21.2M$20.7M$19.3M$17.7M$16.7M$18.9M$18.7M$12.9M$13.2M
Gross profit $5.3M-$118.6K$6.8M$7.3M$4.8M$4.2M$2.5M$2.9M$1.7M$2.2M
R&D $867.7K—————————
SG&A $4.8M$4.3M$5.1M$5.1M$4.3M$3.3M$3.1M$3.8M$3.6M$3.3M
Operating income $444.0K-$4.4M$1.7M$2.2M$513.0K$914.2K-$597.2K-$900.6K-$2.0M-$1.2M
Interest expense ——$225.8K$12.0K——————
Pre-tax income $682.6K-$4.1M$2.0M$2.9M$508.9K$899.5K-$632.7K-$921.5K-$1.5M$222.5K
Income tax $262.3K$958.5K$582.1K$756.3K$2.7M$8.5K$5.5K$2.8M$222.0K$676.1K
Net income $420.4K-$3.1M$1.4M$2.1M$3.2M$908.1K-$638.2K-$3.7M-$1.7M-$453.6K
EPS, basic 0.03-0.220.090.150.230.07-0.05-0.28-0.13-0.03
EPS, diluted 0.03-0.220.090.150.220.07-0.05-0.28-0.13-0.03
Shares, diluted (wtd. avg.) 15.4M14.5M14.6M14.7M14.6M13.3M13.2M13.2M13.2M13.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $4.5M$3.3M$8.8M$8.3M$5.1M$195.2K$134.0K$628.8K$1.3M$3.4M
Short-term investments $8.8M$1.0M————————
Receivables ——$4.4M$3.8M$4.9M$2.9M————
Inventory $5.6M$4.3M$4.6M$4.9M$3.9M$3.7M$3.1M$3.2M$2.1M$2.0M
Total current assets $24.8M$14.2M$18.1M$17.8M$14.1M$6.9M$7.5M$7.0M$6.5M$7.4M
Property, plant and equipment $2.1M$2.0M$1.6M$1.3M$1.3M$1.3M$1.2M$1.3M$1.5M$1.8M
Other intangibles $21.8K$0————————
Total assets $29.5M$18.9M$21.6M$21.7M$18.8M$8.3M————
Accounts payable —$3.1M$2.5M$1.8M$2.1M$909.3K$1.4M$1.7M$946.4K$662.5K
Total current liabilities $4.7M$4.3M$4.1M$5.4M$5.1M$1.8M$3.7M$2.7M$1.7M$1.3M
Long-term debt —$8.1K$54.9K$98.7K$154.6K—————
Total liabilities $4.9M$4.4M$4.3M$6.0M$5.6M$2.0M$3.7M$2.7M——
Retained earnings -$25.5M-$25.9M-$22.8M-$24.1M-$26.3M-$29.5M-$30.4M-$29.7M-$26.0M-$24.3M
Total equity $24.6M$14.5M$17.3M$15.7M$13.2M$6.4M$5.3M$5.8M$9.3M$10.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $243.6K-$3.5M$1.3M$3.6M$2.0M$1.7M-$1.3M-$373.6K-$1.8M$596.3K
Depreciation and amortisation $601.2K$547.2K$489.1K$445.7K$469.3K$530.4K$525.8K$568.2K$566.8K—
Stock-based compensation $273.0K$310.1K$204.8K$250.4K$174.1K$117.8K$133.7K$220.7K$287.2K$193.1K
Capital expenditure $730.7K$994.3K$718.3K$439.8K$514.3K$323.0K————
Investing cash flow -$8.5M-$2.0M-$718.3K-$436.4K-$512.3K-$312.0K-$482.5K-$337.2K-$273.7K-$605.8K
Financing cash flow $9.4M-$46.8K-$2.3K$101.4K$3.4M-$1.3M$1.2M——$4.7K
Buybacks —————————$10.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-006687.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10M 0 10M 20M 30M 40M Revenue, FY2016: 15.4M Gross profit, FY2016: 2.2M Net income, FY2016: -453.6K Revenue, FY2017: 14.6M Gross profit, FY2017: 1.7M Net income, FY2017: -1.7M Revenue, FY2018: 21.6M Gross profit, FY2018: 2.9M Net income, FY2018: -3.7M Revenue, FY2019: 21.5M Gross profit, FY2019: 2.5M Net income, FY2019: -638.2K Revenue, FY2020: 20.9M Gross profit, FY2020: 4.2M Net income, FY2020: 908.1K Revenue, FY2021: 22.4M Gross profit, FY2021: 4.8M Net income, FY2021: 3.2M Revenue, FY2022: 26.6M Gross profit, FY2022: 7.3M Net income, FY2022: 2.1M Revenue, FY2023: 27.6M Gross profit, FY2023: 6.8M Net income, FY2023: 1.4M Revenue, FY2024: 21.1M Gross profit, FY2024: -118.6K Net income, FY2024: -3.1M Revenue, FY2025: 32.6M Gross profit, FY2025: 5.3M Net income, FY2025: 420.4K FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $15.4M $14.6M $21.6M $21.5M $20.9M $22.4M $26.6M $27.6M $21.1M $32.6M
Gross profit $2.2M $1.7M $2.9M $2.5M $4.2M $4.8M $7.3M $6.8M -$118.6K $5.3M
Net income -$453.6K -$1.7M -$3.7M -$638.2K $908.1K $3.2M $2.1M $1.4M -$3.1M $420.4K

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed Item 1.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.