Earnings Call Summary | CPS Technologies(CPSH.US) Q4 2023 Earnings Conference
Earnings Call Summary | CPS Technologies(CPSH.US) Q4 2023 Earnings Conference
The following is a summary of the CPS Technologies Corporation (CPSH) Q4 2023 Earnings Call Transcript:
Financial Performance:
CPS Technologies reported Q4 revenue of $6.7 million, marking a significant year-over-year growth from $6.1 million last year.
Gross profit for the quarter was $1.1 million, approximately 17% of sales, down from $1.6 million or 27% of sales due to a quality issue with a major customer.
Operating income of $144,000 was achieved in this quarter, compared to $309,000 in the previous year.
The company ended the year with a cash balance of $8.8 million, an increase from last year's $8.3 million.
Business Progress:
The company is completing its armor contract for the U.S. carrier fleet, with prospects of securing work for more Navy vessels.
After a quality issue led to significant losses, CPS Technologies has seen signs of improvement and expects minimal impact on 2024's financials.
Future investment opportunities have been identified including in Fiber Reinforced Aluminum and a $200,000 grant from the MMAP State.
CPS Technologies plans to increase factory throughput to improve margins and utilise its cash balance for company growth.
The manufacturing license agreement with Triton Systems and a 5-axis CNC machine funded by the Massachusetts Manufacturing Accelerate Program are set to expand the company's capabilities and end markets.
More details: CPS Technologies IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
The following is a summary of the CPS Technologies Corporation (CPSH) Q4 2023 Earnings Call Transcript:
以下是CPS Technologies Corporation（CPSH）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
CPS Technologies reported Q4 revenue of $6.7 million, marking a significant year-over-year growth from $6.1 million last year.
Gross profit for the quarter was $1.1 million, approximately 17% of sales, down from $1.6 million or 27% of sales due to a quality issue with a major customer.
Operating income of $144,000 was achieved in this quarter, compared to $309,000 in the previous year.
The company ended the year with a cash balance of $8.8 million, an increase from last year's $8.3 million.
CPS Technologies公佈的第四季度收入爲670萬美元，較去年的610萬美元實現了顯著的同比增長。
由於主要客戶的質量問題，該季度的毛利爲110萬美元，約佔銷售額的17％，低於160萬美元，佔銷售額的27％。
本季度的營業收入爲14.4萬美元，而去年同期爲30.9萬美元。
該公司的現金餘額爲880萬美元，較去年的830萬美元有所增加。
Business Progress:
業務進展：
The company is completing its armor contract for the U.S. carrier fleet, with prospects of securing work for more Navy vessels.
After a quality issue led to significant losses, CPS Technologies has seen signs of improvement and expects minimal impact on 2024's financials.
Future investment opportunities have been identified including in Fiber Reinforced Aluminum and a $200,000 grant from the MMAP State.
CPS Technologies plans to increase factory throughput to improve margins and utilise its cash balance for company growth.
The manufacturing license agreement with Triton Systems and a 5-axis CNC machine funded by the Massachusetts Manufacturing Accelerate Program are set to expand the company's capabilities and end markets.
該公司正在完成美國航母艦隊的裝甲合同，有望爲更多海軍艦艇提供保障。
在質量問題導致重大損失之後，CPS Technologies看到了改善的跡象，預計對2024年財務狀況的影響微乎其微。
已經確定了未來的投資機會，包括纖維增強鋁和MMAP州提供的20萬美元撥款。
CPS Technologies計劃增加工廠產量，以提高利潤率並利用其現金餘額促進公司發展。
與Triton Systems簽訂的製造許可協議以及由馬薩諸塞州製造加速計劃資助的5軸數控機牀將擴大該公司的能力和終端市場。
More details: CPS Technologies IR
更多詳情： CPS 科技 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。
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