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  • Nov 14, 2024

  • Oct 30, 2024

      Show headlines and story abstract
    • 4:25PM ET on Wednesday Oct 30, 2024 by Dow Jones
      Companies Mentioned: CPSH

      CPS Technologies Announces $12 Million Contract with Semiconductor OEM

      50% growth over prior year order

      NORTON, Mass., Oct. 30, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corp. (NASDAQ:CPSH) ("CPS" or the "Company") today announced that it has received an award, valued at approximately $12 million, from a major, longstanding customer to provide power module components and related solutions. This agreement, though cancelable by either party, enables both parties to continue discussions about future volume and price requirements while near-term production needs are met. Deliveries are scheduled to take place over a twelve-month period starting in the current month, with volumes that represent a significant increase over the prior four quarters. The components will be employed primarily in high-speed rail, wind turbines and EV/HEV applications. The client company is a multinational semiconductor manufacturer based overseas.
    • 4:15PM ET on Wednesday Oct 30, 2024 by MT Newswires
      Companies Mentioned: CPSH
      04:15 PM EDT, 10/30/2024 (MT Newswires) -- ...
    • 4:15PM ET on Wednesday Oct 30, 2024 by Dow Jones
      Companies Mentioned: CPSH
      value 1,020,952 -- Accounts receivable-trade, net 3,654,549 4,389,155 Accounts receivable-other 362,312 83,191 Inventories, net 4,433,412 4,581,930 Prepaid expenses and other current assets 506,126 276,349 ----------- ----------- Total current assets 14,666,355 18,144,251 ----------- ----------- Property and equipment: Production equipment 9,953,702 11,271,982 Furniture and office equipment 891,921 952,883 Leasehold improvements 988,804 985,649 ----------- ----------- Total cost 11,834,427 13,210,514 Accumulated depreciation and amortization (10,200,302) (11,936,004) Construction in progress 448,184 281,629 ----------- ----------- Net property and equipment 2,082,309 1,556,139 ----------- ----------- Right-of-use lease asset 224,000 332,000 Deferred taxes, net 2,249,985 1,569,726 ----------- ----------- Total assets $ 19,222,649 $ 21,602,116 =========== ===========
    • 4:15PM ET on Wednesday Oct 30, 2024 by Dow Jones
      Companies Mentioned: CPSH
      value 1,020,952 -- Accounts receivable-trade, net 3,654,549 4,389,155 Accounts receivable-other 362,312 83,191 Inventories, net 4,433,412 4,581,930 Prepaid expenses and other current assets 506,126 276,349 ----------- ----------- Total current assets 14,666,355 18,144,251 ----------- ----------- Property and equipment: Production equipment 9,953,702 11,271,982 Furniture and office equipment 891,921 952,883 Leasehold improvements 988,804 985,649 ----------- ----------- Total cost 11,834,427 13,210,514 Accumulated depreciation and amortization (10,200,302) (11,936,004) Construction in progress 448,184 281,629 ----------- ----------- Net property and equipment 2,082,309 1,556,139 ----------- ----------- Right-of-use lease asset 224,000 332,000 Deferred taxes, net 2,249,985 1,569,726 ----------- ----------- Total assets $ 19,222,649 $ 21,602,116 =========== ===========

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