CPS Technologies FY26 Q2 operating loss widens to $0.2 million; revenue rises to $8.3 million
CPSH•Defense development programs
Funded development continued on a controlled fragmentation tungsten warhead for the U.S. Army and a U.S. Navy effort to reduce Amphibious Combat Vehicle weight.
Capital raise and growth initiatives
The company completed a secondary offering raising $9.6 million in gross proceeds to support growth initiatives, including a planned move to a new operating facility.
Quarterly results and operating performance
CPS Technologies posted fiscal Q2 revenue of $8.3 million, up 2.47% from a year earlier.
Operating results swung to a $200,000 operating loss from operating profit; gross margin fell 1.7 percentage points to 14.8%.
Net income slipped to just under $40,000, down from $100,000; diluted EPS was $0.00 versus $0.01.
