CPS Technologies Corporation reported significant financial improvements in its latest quarterly filing, with revenues for the third quarter of 2025 reaching $8.8 million, a 107% increase from $4.2 million in the same period last year. For the first nine months of 2025, total revenue was $24.4 million, reflecting a 61% increase compared to $15.2 million in the first nine months of 2024. The company attributed this growth to heightened demand for its metal-matrix composites and hermetic packages, as well as increased funding from the federal government’s Small Business Innovation Research program.
The company’s gross profit for Q3 2025 was $1.5 million, translating to a gross margin of 17%, a notable recovery from a gross loss of $523,000 in Q3 2024. For the first nine months of 2025, gross profit totaled $4.1 million, or 17% of sales, compared to just $153,000, or 1% of sales, in the same period last year. This improvement was driven by higher sales volumes and better management of fixed costs, despite an increase in selling, general, and administrative expenses, which rose to $1.2 million in Q3 2025 from $963,000 in Q3 2024.
CPS Technologies also reported a net income of $208,000 for Q3 2025, a significant turnaround from a net loss of $1.04 million in Q3 2024. For the first nine months of 2025, the company recorded a net income of $408,000, compared to a net loss of $2.14 million in the same period last year. The improved financial performance is attributed to increased sales, effective cost management, and a favorable pricing environment, particularly in light of rising gold prices, which are passed on to customers.
Operationally, CPS Technologies has expanded its workforce to meet growing demand, adding a third shift in September 2024. The company’s inventory levels increased to $5.4 million as of September 27, 2025, up from $4.3 million at the end of 2024, reflecting the need to support higher production volumes. The company also reported a decrease in Days Sales Outstanding (DSO) from 75 days at the end of 2024 to 55 days at the end of Q3 2025, indicating improved efficiency in collections.
Looking ahead, CPS Technologies is optimistic about its growth trajectory, bolstered by recent funding and an equity raise that netted approximately $9.5 million. The company plans to use these proceeds to relocate to a larger facility to accommodate increased production capacity and to support ongoing product development efforts. Management believes that existing cash balances and operational cash flow will be sufficient to fund operations through the remainder of 2025, although they acknowledge the potential for external financing needs if customer dynamics change.
About CPS TECHNOLOGIES CORP/DE/
CPS Technologies Corp. specializes in advanced metal matrix composites and hermetic packaging for high-performance electronics, aerospace, defense, and energy markets. Its products enhance thermal management, reliability, and weight reduction in applications like electric vehicles, satellites, and military armor. The company designs custom solutions, leveraging proprietary manufacturing processes, to serve global OEMs and defense contractors, supporting the transition to a greener economy and high-reliability systems.
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