CPS TECHNOLOGIES CORP/DE/

Listed Company

CPSHCIK 0000814676NasdaqNon-AcceleratedSmaller ReportingPottery & Related ProductsMassachusettsFY ends Dec 26

Period

FY 2025

Revenue

$32.60M

Net Income

$420.4K

Total Assets

$29.51M

Equity

$24.64M

Shares Out

17.99M

Op. Cash Flow

$243.6K

Business

CPS TECHNOLOGIES CORP/DE/ provides advanced material solutions for transportation, automotive, energy, computing/internet, telecommunications, aerospace and defense markets, focusing on metal matrix composites and related technologies. It designs, manufactures and sells custom MMC components—primarily AlSiC baseplates, housings, hermetic packages, heat spreaders, and lightweight HybridTech armor—using proprietary Quickset and QuickCast processes and participating in SBIR/STTR development programs. Key business segments include MMC thermal-management products, hermetic packaging for high-reliability and space applications, and armor systems. The company sells primarily to major electronics systems houses and OEMs across the United States, Europe and Asia through prototype-to-production channels.

Summary from filing dated 2025-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Product sales	33	21	28	27	22
Cost of product sales	27	21	21	19	18
Gross profit	5	−118,638	7	7	5
Selling, general, and administrative expenses	5	4	5	5	4
Income (loss) from operations	443,974	−4	2	2	512,967
Interest income	237,881	285,322	225,757	—	—
Other income	783	1,657	27,261	—	—
Income before income tax	682,638	−4	2	3	508,899
Income tax provision (benefit)	262,284	−958,500	582,085	756,268	−3
Net income (loss)	420,354	−3	1	2	3
Net unrealized gains (losses) on available for sale securities	−15,361	15,500	0	—	—
Total other comprehensive income	−15,361	15,500	—	—	—
Total comprehensive income (loss)	404,993	−3	1	—	—
Net income (loss) per basic common share (in dollars per share)	0.03	−0.22	0.09	0.15	0.23
Weighted average number of basic common shares outstanding (in shares)	15	15	14	14	14
Net income (loss) per diluted common share (in dollars per share)	0.03	−0.22	0.09	0.15	0.22
Weighted average number of diluted common shares outstanding (in shares)	15	15	15	15	15

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	4	3	9	8	5
Marketable securities, at fair value	9	1	—	—	—
Inventories, net	6	4	5	5	4
Prepaid expenses and other current assets	299,829	480,986	276,349	211,242	225,873
Total current assets	25	14	18	18	14
Production equipment	11	10	11	11	10
Furniture and office equipment	910,310	891,921	952,883	952,883	673,305
Leasehold improvements	997,830	997,830	985,649	985,649	951,384
Total cost	13	12	13	—	—
Accumulated depreciation and amortization	−11	−10	−12	—	—
Construction in progress	459,671	108,874	281,629	—	—
Net property and equipment	2	2	2	1	1
Net intangible assets	21,778	0	—	—	—
Right-of-use lease asset	336,000	186,000	332,000	466,000	586,000
Deferred taxes, net	2	3	2	2	3
Total Assets	30	19	22	22	19
Note payable, current portion	0	8,130	46,797	—	—
Accrued expenses	907,910	913,279	1	820,856	1
Deferred revenue	238,044	172,429	251,755	3	2
Lease liability, current portion	162,000	160,000	160,000	157,000	155,000
Total current liabilities	5	4	4	5	5
Deferred revenue long term	31,277	31,277	31,277	231,020	0
Long term lease liability	174,000	26,000	172,000	309,000	431,000
Total liabilities	5	4	4	6	6
Common stock, $0.01 par value, authorized 20,000,000 shares; issued 18,132,767 and 14,661,487 shares; outstanding 17,988,634 and 14,525,960; at December 27, 2025 and December 28, 2024, respectively	181,320	146,615	146,015	144,605	143,508
Additional paid-in capital	50	41	40	40	39
Accumulated other comprehensive income	139	15,500	—	—	—
Accumulated deficit	−25	−26	−23	−24	−26
Less cost of 144,133 and 135,527 common shares repurchased at December 27, 2025 and December 28, 2024, respectively	−371,313	−340,138	−250,138	—	—
Total stockholders equity	25	15	17	16	13
Total liabilities and stockholders equity	30	19	22	22	19

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Share-based compensation	273,028	310,094	204,797	250,359	174,124
Depreciation and amortization	601,191	547,152	489,103	445,739	469,337
Realized gain on sale of marketable securities	−15,361	0	—	—	—
Deferred taxes	261,828	−958,956	499,710	754,542	−3
Inventories, net	−1	250,864	293,971	−964,299	−202,131
Prepaid expenses and other current assets	181,157	−204,637	−65,107	14,631	−154,367
Accounts payable	309,521	518,626	698,221	−263,386	1
Accrued expenses	−5,369	−161,858	254,281	−265,575	282,338
Deferred revenue	65,615	−79,327	−2	1	2
Net cash provided (used) by operating activities	243,644	−3	1	4	2
Purchases of property and equipment	−730,662	−994,261	−718,274	−439,772	−514,322
Acquisition cost of patents and trademarks	−26,113	0	—	—	—
Sale of marketable securities	1	0	—	—	—
Purchase of marketable securities	−9	−1	0	—	—
Net cash used by investing activities	−8	−2	−718,274	−436,372	−512,275
Proceeds from issuance of common stock	9	0	—	0	3
Payments on note payable	−8,130	−46,757	−43,671	−56,032	−58,114
Net cash used by financing activities	9	−46,757	−2,306	101,414	3
Net increase (decrease) in cash and cash equivalents	1	−6	546,873	3	5
Cash paid for income taxes	0	432	111,456	456	456
Cash paid for interest	26	2,177	5,096	7,954	35,229
Net exercise of stock options	31,175	90,000	209,290	38,333	1

Filings

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