Filing Flows › CPS Technologies (CPSH) › Q1 2025
CPS Technologies (CPSH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
CPS Technologies (CPSH) reported revenue of $7.5M for the first quarter 2025 (Q1 2025), +27% from a year earlier and +27% from the quarter before. Operating margin was 1.7%, net earnings $96K (1.3% of revenue).
CPS Technologies, Q1 2025: revenue $7.5M (+27% year over year), operating margin 1.7%, net earnings $96K, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.5M | +27% | +27% |
| Gross profit | $1.2M | — | +36% |
| Operating profit | $130K | — | — |
| Net earnings | $96K | — | — |
| Operating cash flow | −$1.3M | — | — |
What changed
Revenue was $7.5M in Q1 2025, up 27% year over year and up 27% from the previous quarter.
Gross margin was 16.4%, up 1.1 points from a year earlier. Operating profit was $130K, a 1.7% margin (up 6.1 points year over year). Operating expenses fell 6% while revenue rose 27%. Net earnings were $96K. The effective tax rate was 46.7%. Non-operating items added $50K, 28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.3M. Non-cash charges added back $165K of depreciation and amortization and $122K of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $93K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was CPS Technologies' revenue in the first quarter 2025?
CPS Technologies (CPSH) reported revenue of $7.5M for the first quarter 2025 (Q1 2025), +27% from a year earlier and +27% from the quarter before.
Was CPS Technologies profitable in the first quarter 2025?
Operating profit was $130K (1.7% of revenue) and net earnings $96K.
Source: CPS Technologies 10-Q on SEC EDGAR.