CPS Technologies Corp. (CPSH) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,0501951346291,3403,4083,413
Cash and cash equivalents5,0501951346291,3403,4083,413
Receivables4,870      
Inventory, net of allowances, customer advances and progress billings3,9123,7093,1003,1932,1101,9712,632
Inventory3,9123,7093,1003,1932,1101,9712,632
Other undisclosed current assets2262,9864,2353,2093,0442,0484,145
Total current assets:14,0586,8917,4697,0316,4947,42710,190
Noncurrent Assets
Operating lease, right-of-use asset58625171
Property, plant and equipment1,3331,2881,2371,2731,4901,7841,689
Deferred income tax assets2,824  
Total noncurrent assets:4,7431,3131,4081,2731,4901,7841,689
TOTAL ASSETS:18,8018,2048,8768,3047,9849,21011,878
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,086804815975655624932
Employee-related liabilities906626518595456456667
Other undisclosed accounts payable and accrued liabilities181178297381200168265
Deferred revenue1,707  
Debt5625148    
Other undisclosed current liabilities2,2559802,7071,6801,0466621,623
Total current liabilities:5,1051,8093,6702,6561,7021,2862,554
Noncurrent Liabilities
Long-term debt and lease obligation, including:53015523    
Long-term debt, excluding current maturities99155     
Operating lease, liability431 0
Other undisclosed long-term debt and lease obligation  23    
Other undisclosed noncurrent liabilities(431)      
Total noncurrent liabilities:53015523    
Total liabilities:5,6341,9633,6932,6561,7021,2862,554
Stockholders' equity
Stockholders' equity attributable to parent, including:13,1666,3585,3665,8369,32110,75111,007
Common stock144 134134134134134
Treasury stock, value(3)(996)(517)(517)(517)(517)(507)
Additional paid in capital39,28236,68936,09435,96135,74035,45335,245
Accumulated deficit(26,256)(29,472)(30,380)(29,742)(26,036)(24,319)(23,865)
Other undisclosed stockholders' equity attributable to parent 13735    
Other undisclosed stockholders' equity  (35)    
Total stockholders' equity:13,1666,3585,3315,8369,32110,75111,007
TOTAL LIABILITIES AND EQUITY:18,8018,3219,0248,49111,02312,03813,562

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues22,44920,87321,46821,58114,57715,35121,762
Revenue, net14,57715,35121,762
Cost of revenue(17,659)(16,703)(18,928)(18,668)(12,919)(13,196)(35)
Cost of goods and services sold(17,659)(16,703)(18,928)(18,668)(12,919)(13,196)(17,062)
Other undisclosed gross profit      (17,062)
Gross profit:4,7904,1702,5402,9131,6582,1564,665
Operating expenses(4,277)(3,267)(3,130)(3,827)(3,609)(3,377)(4,046)
Other undisclosed operating income (loss) 11(7)14 40 
Operating income (loss):513914(597)(901)(1,951)(1,181)619
Nonoperating income (expense)(4)  (21) 516
Other nonoperating income (expense)   (21) 516
Interest and debt expense(11)      
Income (loss) from continuing operations before equity method investments, income taxes:498914(597)(922)(1,951)(1,130)625
Other undisclosed income from continuing operations before income taxes11      
Income (loss) from continuing operations before income taxes:509914(597)(922)(1,951)(1,130)625
Income tax expense (benefit)2,7079(5)(2,784)222676(174)
Income (loss) before gain (loss) on sale of properties:3,216923(603)(3,706)(1,729)(454)451
Other undisclosed net income (loss) (15)1,241 11  
Net income (loss):3,216908638(3,706)(1,718)(454)451
Other undisclosed net loss attributable to parent  (1,276)    
Net income (loss) available to common stockholders, basic:3,216908(638)(3,706)(1,718)(454)451
Dilutive securities, effect on basic earnings per share 97     
Net income (loss) available to common stockholders, diluted:3,2161,005(638)(3,706)(1,718)(454)451

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):3,216908638(3,706)(1,718)(454)451
Comprehensive income (loss), net of tax, attributable to parent:3,216908638(3,706)(1,718)(454)451

Statements sources

The financial statements are based on the company's filings with the 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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