CPS Technologies Corp
NASDAQ:CPSH
CPS Technologies Corp
CPS Technologies Corp. engages in the provision of advanced material solutions to the transportation, automotive, energy, computing or Internet, telecommunications, aerospace, defense, and oil and gas end markets. The company is headquartered in Norton, Massachusetts and currently employs 90 full-time employees. Its primary material solution is metal matrix composites (MMCs), which is a class of materials consisting of a combination of metals and ceramics. The company designs, manufactures, and sells custom MMC components, which manage the performance and reliability of systems in the end markets. The Company’s products provide baseplates for motor controllers used in electric trains, subway cars, wind turbines, and hybrid and electric vehicles. CPS provides lids and heat spreaders used with integrated circuits in Internet switches and routers. The company provides baseplates and housings used in modules built with bandgapsemiconductors, such as silicon carbide (SiC) and gallium nitride (GaN). Its products are manufactured using processes, including the Quickset Injection Molding Process and the QuickCast Pressure Infiltration Process.
CPS Technologies Corp. engages in the provision of advanced material solutions to the transportation, automotive, energy, computing or Internet, telecommunications, aerospace, defense, and oil and gas end markets. The company is headquartered in Norton, Massachusetts and currently employs 90 full-time employees. Its primary material solution is metal matrix composites (MMCs), which is a class of materials consisting of a combination of metals and ceramics. The company designs, manufactures, and sells custom MMC components, which manage the performance and reliability of systems in the end markets. The Company’s products provide baseplates for motor controllers used in electric trains, subway cars, wind turbines, and hybrid and electric vehicles. CPS provides lids and heat spreaders used with integrated circuits in Internet switches and routers. The company provides baseplates and housings used in modules built with bandgapsemiconductors, such as silicon carbide (SiC) and gallium nitride (GaN). Its products are manufactured using processes, including the Quickset Injection Molding Process and the QuickCast Pressure Infiltration Process.
Record year: CPS reported a record $32.6 million in sales for 2025, a strong recovery from the prior year.
Q4 results: Revenue was $8.2 million in Q4 (versus $5.9 million a year ago); gross profit of $1.2 million (14.6% of sales) and net income of about $12,000 ($0.00 per share).
Capital raise: Completed a secondary offering in Q4 that generated $9.5 million of net proceeds to strengthen the balance sheet and fund a facility move.
Facility expansion: Management narrowed site choices, engaged Dacon Corporation as GC, expects a decision in weeks and a multi-month upfit/move to expand capacity and improve margins.
Margins pressure: Q4 margins were hurt by reduced revenue and a materially higher gold cost; management expects margins to expand over time as operations improve and after relocation.
Defense work resuming: Passage of the FY '26 defense bill likely restarts orders for HybridTech Armor (small number of Navy destroyers) in the back half of the calendar year.
R&D momentum: CPS has 13 SBIR/STTR awards since 2021, four active contracts continuing despite a brief program lapse; recent capital purchases (mill, sintering oven) broaden manufacturing and testing capability.
