Fourth Quarter Summary
- Revenue of
$8.2 million , versus$5.9 million in the prior-year period, reflecting strong demand for the Company’s core product lines and expanded production. - Gross margin of 14.6 percent versus a gross loss in the fourth quarter of 2024.
- Operating loss of
$(0.1) million for the quarter compared to$(1.3) million in the prior-year period. - As previously announced, CPS won a
$15.5 million follow-on order with a major multinational semiconductor manufacturer during the quarter. - On
October 8, 2025 the Company closed on a public offering that brought in net proceeds of$9.5 million to be used for general corporate purposes, including the expansion of CPS’ production capabilities through the move to a larger facility.
“As expected, we closed 2025 with the strongest revenue in our Company’s history,
Results of Operations
CPS reported revenue of
Operating loss was
Conference Call
The Company will be hosting its fourth quarter 2025 earnings call tomorrow,
Call in Number: 1-844-943-2942
Participant Passcode: 641664
The Company encourages those who wish to participate to call in 10 minutes before the scheduled start time to ensure the operator can connect all participants.
About CPS
CPS is an advanced materials company that designs, manufactures, and sells high-performance material solutions to global customers in transportation, energy, automotive, electronics, telecommunications, aerospace, and defense. The company specializes in proprietary metal matrix composites (MMCs), combining metals and ceramics to deliver superior strength, thermal management, and reliability for demanding applications such as high-speed rail, HVDC systems, mass transit, electric vehicles, internet equipment, and electrical infrastructure. CPS also produces hermetic packaging for high-reliability power and communications modules, supporting avionics, GPS, microprocessors, and specialized integrated circuits. Additionally, its lightweight HybridTech Armor® provides high strength-to-weight protection. CPS focuses on innovation, quality, and diversified high-growth markets to drive sustained, profitable growth. The Company’s Vision is “to pioneer the next generation of high-performance materials and solve the world’s toughest engineering challenges.”
Safe Harbor
Statements made in this document that are not historical facts or which apply prospectively, including those relating to 2026 financial results, are forward-looking statements that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "will," "intends," "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the company's expectation. Additional information concerning risk factors is contained from time to time in the company's
www.cpstechnologysolutions.com
Investor Relations:
646-438-9385
cwitty@darrowir.com
Statements of Operations and Other Comprehensive Income (Loss) (Unaudited) | |||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||
2025 | 2024 | 2025 | 2024 | ||||||||||||
| Product sales | $ | 8,208,041 | $ | 5,933,283 | $ | 32,596,314 | $ | 21,123,346 | |||||||
| Cost of product sales | 6,988565 | 6,204,808 | 27,306,955 | 21,241,984 | |||||||||||
| Gross profit | 1,219,476 | (271,525 | ) | 5,289,359 | (118,638 | ) | |||||||||
| Selling, general, and administrative expenses | 1,318,163 | 1,047,459 | 4,845,385 | 4,262,290 | |||||||||||
| Income (loss) from operations | (98,687 | ) | (1,318,984 | ) | 443,974 | (4,380,928 | ) | ||||||||
| Other income | 123,680 | 45,134 | 238,664 | 286,979 | |||||||||||
| Net income (loss) before income taxes | 24,993 | (1,273,850 | ) | 682,638 | (4,093,949 | ) | |||||||||
| Income tax provision (benefit) | 12,399 | (278,697 | ) | 262,284 | (958,500 | ) | |||||||||
| Net income (loss) | $ | 12,594 | $ | (995,153 | ) | $ | 420,354 | $ | (3,135,449 | ) | |||||
| Other comprehensive income | |||||||||||||||
| Net unrealized gains (losses) on available for sale securities | (7,037 | ) | (1,946 | ) | (15,361 | ) | 15,500 | ||||||||
| Total other comprehensive income (loss) | (7,037 | ) | (1,946 | ) | (15,361 | ) | 15,500 | ||||||||
| Comprehensive income (loss) | 5,557 | (997,099 | ) | 404,993 | (3,119,949 | ) | |||||||||
| Net income (loss) per basic common share | $ | 0.00 | $ | (0.07 | ) | $ | 0.03 | $ | (0.22 | ) | |||||
| Weighted average number of basic common shares outstanding | 17,996,884 | 14,525,960 | 15,286,097 | 14,522,513 | |||||||||||
| Net income (loss) per diluted common share | $ | 0.00 | $ | (0.07 | ) | $ | 0.03 | (0.22 | ) | ||||||
| Weighted average number of diluted common shares outstanding | 18,190,719 | 14,525,960 | 15,388,726 | 14,522,513 | |||||||||||
BALANCE SHEETS (Unaudited) | |||||||
| 2025 | 2024 | ||||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 4,466,198 | $ | 3,280,687 | |||
| Marketable securities, at fair value | 8,769,363 | 1,031,001 | |||||
| Accounts receivable-trade, net | 5,235,307 | 4,858,208 | |||||
| Accounts receivable-other | 380,948 | 177,068 | |||||
| Inventories, net | 5,598,407 | 4,331,066 | |||||
| Prepaid expenses and other current assets | 299,829 | 480,986 | |||||
| Total current assets | 24,750,052 | 14,159,016 | |||||
| Property and equipment: | |||||||
| Production equipment | 10,647,170 | 10,382,379 | |||||
| Furniture and office equipment | 910,310 | 891,921 | |||||
| Leasehold improvements | 997,830 | 997,830 | |||||
| Total cost | 12,555,310 | 12,272,130 | |||||
| Accumulated depreciation and amortization | (10,877,927 | ) | (10,377,756 | ) | |||
| Construction in progress | 459,671 | 108,874 | |||||
| Net property and equipment | 2,137,054 | 2,003,248 | |||||
| Net intangible assets | 21,778 | - | |||||
| Right-of-use lease asset | 336,000 | 186,000 | |||||
| Deferred taxes, net | 2,266,854 | 2,528,682 | |||||
| Total assets | $ | 29,511,738 | $ | 18,876,946 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| Current liabilities: | |||||||
| Notes payable, current portion | $ | - | $ | 8,130 | |||
| Accounts payable | 3,363,233 | 3,053,712 | |||||
| Accrued expenses | 907,910 | 913,279 | |||||
| Deferred revenue | 238,044 | 172,429 | |||||
| Lease liability, current portion | 162,000 | 160,000 | |||||
| Total current liabilities | 4,671,187 | 4,307,550 | |||||
| Deferred revenue – long term | 31,277 | 31,277 | |||||
| Long term lease liability | 174,000 | 26,000 | |||||
| Total liabilities | 4,876,464 | 4,364,827 | |||||
| Commitments & Contingencies | |||||||
| Stockholders’ Equity: | |||||||
| Common stock, | 181,320 | 146,615 | |||||
| Preferred stock, no shares issued or outstanding | – | – | |||||
| Additional paid-in capital | 50,295,019 | 40,580,387 | |||||
| Accumulated other comprehensive income | 139 | 15,500 | |||||
| Accumulated deficit | (25,469,891 | ) | (25,890,245 | ) | |||
| Less cost of 144,133 and 135,527 common shares repurchased at | (371,313 | ) | (340,138 | ) | |||
| Total stockholders’ equity | 24,635,274 | 14,512,119 | |||||
| Total liabilities and stockholders’ equity | $ | 29,511,738 | $ | 18,876,946 |
