CPSH Earnings Prediction
The chart below shows how CPSH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CPSH sees a -0.94% change in stock price 10 days leading up to the earnings, and a -14.49% change 10 days following the report. On the earnings day itself, the stock moves by -0.11%. This data can give you a slight idea of what to expect for the next quarter's release.
CPSH Key Earning Data
2024/Q4
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CPSH Earnings Analysis
CPS Technologies Corp. Common Stock Corporation (CPSH.O) Earnings Conference Call
Positive
Quarterly Revenue Decline: Third quarter revenue was $4.2 million, compared to $6.3 million last year, with expectations for growth in fiscal 2025.
New Contract Boosts Revenue: The company has secured a new $12 million contract with an existing semiconductor customer, expected to significantly boost revenue in fiscal 2025.
SBIR Award Funding: CPS Technologies received a Phase II SBIR award from the Department of Energy, providing funding of $1.1 million over 24 months for development efforts.
Cash and Securities Position: The company ended the quarter with $4.7 million of cash and $1 million in marketable securities, compared to $8.8 million in cash at the start of 2024.
Contract Wins and Growth Potential: CPS has recently won several significant contracts that position the company well for growth and improved results in the coming quarters.
Negative
Quarterly Revenue and Loss: Third quarter revenue was $4.2 million, with an operating loss of approximately $1.5 million.
Revenue Decline Analysis: Revenue declined year-over-year, primarily due to the end of our U.S. Navy Armor contract with Kinetic Protection, as we've previously discussed.
Gross Loss Comparison: We reported a gross loss in the third quarter of $1.5 million (sic) or approximately negative 12% of sales, compared with a gross profit of $1.2 million or 20% of sales last year.
Operating Loss Comparison: The company posted an operating loss of $1.5 million in the third quarter, compared with operating income of approximately $0.1 million last year.
Cash and Securities Overview: We ended the quarter with $4.7 million of cash and $1 million in marketable securities versus $8.8 million in cash and no marketable securities at the start of 2024.
CPSH FAQs
How does CPSH typically perform around its earnings report dates?
Is CPS Technologies Corporation (CPSH) Q3 2024 Earnings Call Summary positive or negative?
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CPSH Earning Call Sentiment
CPS Technologies Corporation (CPSH) Q3 2024 Earnings Call Transcript
CPSH.O
-1.76%Positive
Despite new contracts and future growth prospects, the company's current financial performance shows a significant decline in revenue and profitability, with a 33% revenue drop and a net loss of $1 million. The lack of a shareholder return plan and the risks associated with geopolitical events, supply chain issues, and contract uncertainties further contribute to a negative outlook. The absence of positive sentiment in the Q&A section reinforces this view, suggesting a negative stock price movement in the short term.
