CPS Technologies Corp. (CPSH) Financial Statements (2025 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)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,312 | 8,814 | 8,267 | 5,050 | 195 | 134 | |||
| Cash and cash equivalent | 3,281 | 8,814 | 8,267 | 5,050 | 195 | 134 | |||
| Short-term investments | 1,031 | ||||||||
| Receivables | 4,389 | 3,778 | 4,870 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 4,331 | 4,582 | 4,876 | 3,912 | 3,709 | 3,100 | |||
| Inventory | 4,331 | 4,582 | 4,876 | 3,912 | 3,709 | 3,100 | |||
| Other undisclosed current assets | 5,516 | 360 | 897 | 226 | 2,986 | 4,235 | |||
| Total current assets: | 14,159 | 18,144 | 17,818 | 14,058 | 6,891 | 7,469 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 186 | 332 | 466 | 586 | 25 | 171 | |||
| Property, plant and equipment | 2,003 | 1,556 | 1,327 | 1,333 | 1,288 | 1,237 | |||
| Deferred income tax assets | 2,529 | 1,570 | 2,069 | 2,824 | |||||
| Total noncurrent assets: | 4,718 | 3,458 | 3,862 | 4,743 | 1,313 | 1,408 | |||
| TOTAL ASSETS: | 18,877 | 21,602 | 21,680 | 18,801 | 8,204 | 8,876 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 3,967 | 1,075 | 821 | 1,086 | 804 | 815 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 906 | 626 | 518 | ||
| Accounts payable | 3,054 | 2,535 | 1,837 | ||||||
| Accrued liabilities | 913 | 1,075 | 821 | ||||||
| Other undisclosed accounts payable and accrued liabilities | (2,535) | (1,837) | 181 | 178 | 297 | ||||
| Deferred revenue | 172 | 252 | 2,521 | 1,707 | |||||
| Debt | 8 | 47 | 44 | 56 | 25 | 148 | |||
| Other undisclosed current liabilities | 160 | 2,695 | 1,994 | 2,255 | 980 | 2,707 | |||
| Total current liabilities: | 4,308 | 4,069 | 5,380 | 5,105 | 1,809 | 3,670 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 8 | 55 | 530 | 155 | 23 | ||||
| Long-term debt, excluding current maturities | 8 | 55 | 99 | 155 | |||||
| Other undisclosed long-term debt and lease obligation | 23 | ||||||||
| Liabilities, other than long-term debt | 57 | 203 | 540 | ||||||
| Deferred revenue | 31 | 31 | 231 | ||||||
| Operating lease, liability | 26 | 172 | 309 | 431 | 0 | ||||
| Other undisclosed noncurrent liabilities | (431) | ||||||||
| Total noncurrent liabilities: | 57 | 211 | 595 | 530 | 155 | 23 | |||
| Total liabilities: | 4,365 | 4,280 | 5,974 | 5,634 | 1,963 | 3,693 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 14,512 | 17,322 | 15,706 | 13,166 | 6,358 | 5,366 | |||
| Common stock | 147 | 146 | 145 | 144 | 134 | ||||
| Treasury stock, value | (340) | (250) | (41) | (3) | (996) | (517) | |||
| Additional paid in capital | 40,580 | 40,181 | 39,727 | 39,282 | 36,689 | 36,094 | |||
| Accumulated other comprehensive income | 16 | ||||||||
| Accumulated deficit | (25,890) | (22,755) | (24,125) | (26,256) | (29,472) | (30,380) | |||
| Other undisclosed equity, attributable to parent | 137 | 35 | |||||||
| Other undisclosed equity | (35) | ||||||||
| Total equity: | 14,512 | 17,322 | 15,706 | 13,166 | 6,358 | 5,331 | |||
| TOTAL LIABILITIES AND EQUITY: | 18,877 | 21,602 | 21,680 | 18,801 | 8,321 | 9,024 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 21,123 | 27,551 | 26,587 | 22,449 | 20,873 | 21,468 | ||
| Cost of revenue (Cost of Product and Service Sold) | (21,242) | (20,725) | (19,286) | (17,659) | (16,703) | (18,928) | ||
| Gross profit: | (119) | 6,825 | 7,301 | 4,790 | 4,170 | 2,540 | ||
| Operating expenses | (4,262) | (5,126) | (5,067) | (4,277) | (3,267) | (3,130) | ||
| Other undisclosed operating income (loss) | 11 | (7) | ||||||
| Operating income (loss): | (4,381) | 1,699 | 2,234 | 513 | 914 | (597) | ||
| Nonoperating income (expense) | 2 | 27 | 653 | (4) | ||||
| Other nonoperating income | 2 | |||||||
| Interest and debt expense | (5) | (8) | (11) | |||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | ||||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (4,379) | 1,722 | 2,880 | 498 | 914 | (597) | ||
| Other undisclosed income from continuing operations before income taxes | 285 | 231 | 8 | 11 | ||||
| Income (loss) from continuing operations before income taxes: | (4,094) | 1,952 | 2,888 | 509 | 914 | (597) | ||
| Income tax expense (benefit) | 959 | (582) | (756) | 2,707 | 9 | (5) | ||
| Income (loss) from continuing operations: | (3,135) | 1,370 | 2,131 | 3,216 | 923 | (603) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 3,216 | 923 | (603) | |
| Other undisclosed net income (loss) | (15) | 1,241 | ||||||
| Net income (loss): | (3,135) | 1,370 | 2,131 | 3,216 | 908 | 638 | ||
| Other undisclosed net loss attributable to parent | (1,276) | |||||||
| Net income (loss) available to common stockholders, basic: | (3,135) | 1,370 | 2,131 | 3,216 | 908 | (638) | ||
| Dilutive securities, effect on basic earnings per share | 97 | |||||||
| Net income (loss) available to common stockholders, diluted: | (3,135) | 1,370 | 2,131 | 3,216 | 1,005 | (638) | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (3,135) | 1,370 | 2,131 | 3,216 | 908 | 638 | ||
| Comprehensive income (loss): | (3,135) | 1,370 | 2,131 | 3,216 | 908 | 638 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 16 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (3,120) | 1,370 | 2,131 | 3,216 | 908 | 638 | ||
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.