CPS Technologies Corporation reported significant financial improvements in its latest quarterly filing, with total revenues reaching $8.08 million for the three months ended June 28, 2025, a 61% increase from $5.03 million in the same period last year. For the first half of 2025, revenues totaled $15.58 million, marking a 42% rise compared to $10.94 million in the first half of 2024. The company achieved a gross profit of $1.34 million in Q2 2025, translating to a gross margin of 17%, a notable recovery from a gross loss of $230,000 in Q2 2024. The net income for the second quarter was $104,000, a turnaround from a net loss of $954,000 in the prior year.
The financial performance reflects a strategic response to increased demand across CPS's product lines, particularly following the addition of a third shift in September 2024 to enhance production capacity. The company also benefited from increased funding through the federal government’s Small Business Innovative Research (SBIR) program, which contributed to the revenue growth. Selling, general, and administrative expenses rose to $1.20 million in Q2 2025 from $1.08 million in Q2 2024, primarily due to higher variable compensation and increased costs associated with European vendors.
Operationally, CPS Technologies reported an increase in accounts receivable, which rose to $5.60 million from $4.86 million at the end of 2024, while inventory levels increased to $5.20 million from $4.33 million. The company’s inventory turnover improved to 5.2 times over the last four quarters, compared to 4.8 times in 2024. The total employee headcount remained stable, with 14,525,960 shares of common stock outstanding as of July 23, 2025.
Looking ahead, CPS Technologies anticipates continued growth driven by rising demand for its advanced material solutions, particularly in the electronics and defense sectors. The company is also evaluating the potential impacts of recent tax legislation, including the One Big Beautiful Bill Act, which may affect its deferred tax assets and overall tax strategy. Management remains cautious about external factors such as inflation and supply chain disruptions, which could influence future financial performance. However, they express confidence in the company’s ability to fund operations through existing cash balances and operational revenues for the remainder of 2025.
About CPS TECHNOLOGIES CORP/DE/
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