CPS Technologies Corp. (CPSH) Financial Statements (2024 and earlier)

Company Profile

Business Address 111 SOUTH WORCESTER STREET
NORTON, MA 02766
State of Incorp. MA
Fiscal Year End December 31
Industry (SIC) 326 - Pottery And Related Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,8148,2675,050195134629
Cash and cash equivalents8,8148,2675,050195134629
Receivables4,3893,7784,870   
Inventory, net of allowances, customer advances and progress billings4,5824,8763,9123,7093,1003,193
Inventory4,5824,8763,9123,7093,1003,193
Other undisclosed current assets3608972262,9864,2353,209
Total current assets:18,14417,81814,0586,8917,4697,031
Noncurrent Assets
Operating lease, right-of-use asset33246658625171
Property, plant and equipment1,5561,3271,3331,2881,2371,273
Deferred income tax assets1,5702,0692,824  
Total noncurrent assets:3,4583,8624,7431,3131,4081,273
TOTAL ASSETS:21,60221,68018,8018,2048,8768,304
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,0758211,086804815975
Employee-related liabilities906626518595
Accounts payable2,5351,837    
Accrued liabilities1,075821    
Other undisclosed accounts payable and accrued liabilities(2,535)(1,837)181178297381
Deferred revenue2522,5211,707  
Debt47445625148 
Other undisclosed current liabilities2,6951,9942,2559802,7071,680
Total current liabilities:4,0695,3805,1051,8093,6702,656
Noncurrent Liabilities
Long-term debt and lease obligation, including: 85553015523 
Long-term debt, excluding current maturities 85599155  
Other undisclosed long-term debt and lease obligation     23 
Liabilities, other than long-term debt203540    
Deferred revenue31231   
Operating lease, liability172309431 0
Other undisclosed noncurrent liabilities   (431)   
Total noncurrent liabilities:21159553015523 
Total liabilities:4,2805,9745,6341,9633,6932,656
Equity
Equity, attributable to parent, including:17,32215,70613,1666,3585,3665,836
Common stock146145144 134134
Treasury stock, value(250)(41)(3)(996)(517)(517)
Additional paid in capital40,18139,72739,28236,68936,09435,961
Accumulated deficit(22,755)(24,125)(26,256)(29,472)(30,380)(29,742)
Other undisclosed equity, attributable to parent    13735 
Other undisclosed equity     (35) 
Total equity:17,32215,70613,1666,3585,3315,836
TOTAL LIABILITIES AND EQUITY:21,60221,68018,8018,3219,0248,491

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues27,55126,58722,44920,87321,46821,581
Cost of revenue
(Cost of Goods and Services Sold)
(20,725)(19,286)(17,659)(16,703)(18,928)(18,668)
Other undisclosed gross profit      
Gross profit:6,8257,3014,7904,1702,5402,913
Operating expenses(5,126)(5,067)(4,277)(3,267)(3,130)(3,827)
Other undisclosed operating income (loss)    11(7)14
Operating income (loss):1,6992,234513914(597)(901)
Nonoperating income (expense)27653(4)  (21)
Other nonoperating expense      (21)
Interest and debt expense(5)(8)(11)   
Income (loss) from continuing operations before equity method investments, income taxes:1,7222,880498914(597)(922)
Other undisclosed income from continuing operations before income taxes231811   
Income (loss) from continuing operations before income taxes:1,9522,888509914(597)(922)
Income tax expense (benefit)(582)(756)2,7079(5)(2,784)
Income (loss) from continuing operations:1,3702,1313,216923(603)(3,706)
Income (loss) before gain (loss) on sale of properties:3,216923(603)(3,706)
Other undisclosed net income (loss)    (15)1,241 
Net income (loss):1,3702,1313,216908638(3,706)
Other undisclosed net loss attributable to parent    (1,276) 
Net income (loss) available to common stockholders, basic:1,3702,1313,216908(638)(3,706)
Dilutive securities, effect on basic earnings per share    97  
Net income (loss) available to common stockholders, diluted:1,3702,1313,2161,005(638)(3,706)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):1,3702,1313,216908638(3,706)
Comprehensive income (loss), net of tax, attributable to parent:1,3702,1313,216908638(3,706)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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