NORTON, Mass., Sept. 17, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced that it has been awarded its second Phase II SBIR contract this year. This award, from the U.S. Department of Energy, will provide funding of $1.1 million over 24 months for CPS to continue its development effort for "Modular Radiation Shielding for Transportation and Use of Microreactors." The Company's Phase II effort will again be led by materials scientist Matthew Karnick, who served as the principal investigator during the successful Phase I project. "For the second time since June, we have received a Phase II SBIR award. This is great recognition for
NORTON, Mass., July 31, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced financial results for the fiscal second quarter ended June 29, 2024. Second Quarter Summary Revenue of $5.0 million for the second quarter of 2024 versus $7.4 million in the prior-year period, reflecting lower overall shipments due to the end of the Company's HybridTech Armor® contract with Kinetic Protection for the US Navy Gross margin of (4.6) percent versus 29.6 percent in the second quarter of 2023, largely reflecting lower manufacturing efficiencies and impact of fixed costs on lower revenue. Operating loss of $1.3 million for the quarter en
NORTON, Mass., July 29, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) today released instructions for its second quarter 2024 investor conference call which will be held on Thursday August 1, 2024 at 9:00 A.M. (Eastern). Brian Mackey, President and CEO and Chuck Griffith, Chief Financial Officer will discuss the Company's financial results for the quarter ended June 29, 2024. Those interested in participating in the conference call should dial: 1-844-943-2942 Participant Passcode: 467630 About CPSCPS is a technology and manufacturing leader in producing high-performance energy management components that facilitate the electrification of the economy. Our products and inte
CPS Technologies (NASDAQ:CPSH) reported $5.90 million in sales this quarter. This is a 16.90 percent decrease over sales of $7.10 million the same period last year.
The Dow Jones index closed higher by over 300 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform. Heritage Global The Trade: Heritage Global Inc. (NASDAQ:HGBL) President, Industrial Assets Nicholas Kirk Dove acquired a total of 5,000 shares an average price of $2.88. To acquire these shares, it cost around $14,400. What’s Happening: On March
NORTON, Mass., July 21, 2023 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) ("CPS" or the "Company") today announced that Brian Mackey, a seasoned professional with over 20 years of executive leadership experience, has been appointed president and chief executive officer of CPS effective August 14, 2023. His selection comes at the conclusion of an exhaustive search for an appropriate individual following Michael McCormack's resignation in April, after which the Company's CFO, Chuck Griffith, has served as acting president. "We are delighted to welcome Brian Mackey as the Company's new president and chief executive officer," said Frank Hughes, chairman of the Company's board of
NORTON, Mass., May 13, 2021 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) today announced that Grant Bennett has decided to retire as president and CEO of the Company effective July 1, 2021. He will continue to serve as a member of the Board of Directors. He will be succeeded as president and chief executive officer by Michael McCormack who is currently the COO. Francis Hughes, Chairman of the Board of Directors, commented, "Grant has served as president and CEO of CPS for the last 29 years, and as a key member of the CPS team for 35 years, having joined the Company within a year of its founding. On behalf of the Board of Directors, shareholders, employees and customers,
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NORTON, Mass., July 31, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced financial results for the fiscal second quarter ended June 29, 2024. Second Quarter Summary Revenue of $5.0 million for the second quarter of 2024 versus $7.4 million in the prior-year period, reflecting lower overall shipments due to the end of the Company's HybridTech Armor® contract with Kinetic Protection for the US Navy Gross margin of (4.6) percent versus 29.6 percent in the second quarter of 2023, largely reflecting lower manufacturing efficiencies and impact of fixed costs on lower revenue. Operating loss of $1.3 million for the quarter en
NORTON, Mass., July 29, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) today released instructions for its second quarter 2024 investor conference call which will be held on Thursday August 1, 2024 at 9:00 A.M. (Eastern). Brian Mackey, President and CEO and Chuck Griffith, Chief Financial Officer will discuss the Company's financial results for the quarter ended June 29, 2024. Those interested in participating in the conference call should dial: 1-844-943-2942 Participant Passcode: 467630 About CPSCPS is a technology and manufacturing leader in producing high-performance energy management components that facilitate the electrification of the economy. Our products and inte
NORTON, Mass., May 01, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced financial results for the fiscal first quarter ended March 30, 2024. First Quarter Summary Revenue of $5.9 million for the first quarter of 2024 versus $7.1 million in the prior-year period, primarily due to further quality control testing and production staffing challengesGross margin of 15.3 percent versus 31.6 percent in the first quarter of 2023, largely due to lower manufacturing efficiencies and non-revenue producing quality control costsOperating loss of $0.3 million for the quarter ended March 30, 2024 compared to an operating profit of $0.7 million