CPS Technologies Posts Record $32.6M Sales with $8.2M Q4 Revenue and Raises $9.5M
CPS Technologies posted 2025 sales of $32.6M and Q4 revenue of $8.2M, with gross profit rising to $1.2M (14.6% margin) after higher gold costs. It raised $9.5M in a secondary offering and will relocate to a larger site to boost capacity and support anticipated Navy HybridTech Armor orders.
1. Financial Performance
CPS Technologies closed fiscal 2025 with record sales of $32.6M and Q4 revenue of $8.2M, up from $5.9M a year earlier. Gross profit improved to $1.2M (14.6% margin), reversing a prior-year loss, while net income reached $12,000 versus a $1.0M loss, and operating loss narrowed to $100,000.
2. Capital Raise and Balance Sheet
In Q4 the company completed a secondary offering that netted $9.5M, boosting cash to $4.5M and marketable securities to $8.8M. Trade receivables stood at $5.2M and inventory rose to $4.5M, reflecting ramped production, while payables and accruals were $4.3M.
3. Facility Relocation Plan
Management selected a general contractor and expects to decide on a larger nearby site within weeks, with the move beginning in several months. The new facility will accommodate a fully operational third shift, increase floor space, improve operational efficiency and minimize workforce disruption.
4. Defense Programs and HybridTech Armor
CPS holds 13 DoD/DOE awards, including four active SBIR/STTR contracts, and has invested in higher-capacity equipment for Army and DOE programs. The company anticipates U.S. Navy orders for its HybridTech Armor to resume in the second half of the year under newly secured funding.