Record Revenue Achievement
CPS Technologies reported a record revenue of $7.5 million for Q1 2025, surpassing the previous record despite no revenue from HybridTech Armor, which was a significant contributor in past quarters.
Revenue Growth and Profitability
Revenue increased by 27% year-over-year from $5.9 million in Q1 2024 to $7.5 million in Q1 2025. The company also turned an operating profit of $130,000 compared to a loss of $260,000 in the prior year.
Improved Gross Profit Margins
Gross profit increased to $1.2 million, representing 16.4% of sales, up from $0.9 million or 15.3% of sales in the previous year.
Strong Backlog and Manufacturing Capabilities
The company has a strong backlog, increased manufacturing capabilities, and improved efficiencies, contributing to anticipated growth in margins and profitability.
Expansion into New Markets
CPS is exploring new markets such as wind farms and military applications, leveraging their AlSiC products and ongoing product development initiatives.
Successful Product Development and SBIR Awards
CPS has six active externally-funded research programs, including five SBIRs, indicating strong market interest and potential for future growth.