CPS Technologies reports Q1 EPS (2c) vs. 1c last year

Reports Q1 revenue $7.0M vs. $7.5M last year. Performance primarily reflected order timing, while margins were negatively impacted by lower revenue on fixed costs and cost accounting related to an inventory build. “Although the first quarter played out with lower revenue and gross margins, we continue to book new business and remain committed to implementing the changes necessary to improve gross margins,” said CEO Brian Mackey.