Cps Technologies Down 17.06% To $2.09 After Earnings

CPS Technologies Corporation (CPSH) beat out earnings estimates for Q4 2023 this afternoon.

Cps Technologies reported EPS of $0.01. Profits fell 50% year-over-year after reporting an EPS of $0.02 in its year-ago quarter. The negative growth rate signals that the Technology company isn't performing well amid current economic conditions.

Cps Technologies Q4 2023 revenue came in at $6.7 million. The company achieved 10% growth year-over-year compared to the firm's revenue of $6.1 million from the year-ago quarter. The lower earnings growth relative to revenue signals Cps Technologies has not been able to improve its profit margin.

The stock is down 17.06% to $2.09 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

Trading in the five days leading up to the report earned Cps Technologies a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 14.

CPS Technologies Corp provides material solutions to the transportation, automotive, energy, computing/Internet, telecommunications, aerospace, defense, and oil and gas end markets. Its primary material solution is metal matrix composites (MMCs), which are a class of materials consisting of a combination of metal and ceramic. The company designs, manufactures and sells custom MMC components, which manages the performance and reliability of systems in the end markets. It also provides baseplates and housings used in radar, satellite and avionics applications. The company provides lids and heat spreaders used with integrated circuits in Internet switches and routers.