CPS Technologies Q4 revenue rises

Reuters03-03
CPS Technologies Q4 revenue rises

Overview

  • Advanced materials firm's fiscal Q4 revenue rose 39% yr/yr

  • Company reported improved gross margin of 14.6% vs. gross loss last year

  • Company won $15.5 mln follow-on order with semiconductor manufacturer

Outlook

  • Company plans to complete transition to larger facility by end of 2026

  • CPS expects strong revenue and margin expansion in 2026

Result Drivers

  • HIGHER PRODUCTION RATES - Revenue increase driven by greater production rates and increased shipments

  • PRODUCTION EFFICIENCIES - Improved gross margin due to higher sales and greater production efficiencies

  • SEMICONDUCTOR ORDER - $15.5 mln follow-on order with semiconductor manufacturer contributed to results

Company press release: ID:nGNX14bSWZ

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$8.2 mln

$7.89 mln (1 Analyst)

Q4 Gross Margin

14.6%

Q4 Gross Profit

$1.2 mln

Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the electrical components & equipment peer group is "buy"

  • Wall Street's median 12-month price target for CPS Technologies Corp is $6.00, about 33.9% above its February 27 closing price of $4.48

  • The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 37 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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