• CPS Technologies discussed fiscal Q1 2026 results on May 5 with President and CEO Brian Mackey, outgoing CFO Chuck Griffith, incoming CFO Chris Fraser.
• Revenue fell to $7 million from $7.5 million year over year on order timing; gross margin narrowed to 8.6% from 16.4%, driving operating loss of about $500,000 and net loss of roughly $300,000, or $0.02 per share.
• Management expects shipments to rise later in 2026, citing recent awards including a $4 million hermetic packaging contract expected to be fulfilled in less than 12 months; inventory rose to $7.1 million to support sales during a planned facility move.
• Site selection for a new manufacturing facility is taking longer than expected due to power, industrial gas, and space requirements; current lease runs through February 2028, giving flexibility on timing.
• HybridTech Armor revenue was effectively zero in Q1, with potential new U.S. Navy destroyer-related orders anticipated in 2H 2026; management also flagged first commercial shipment of tungsten alloy components using QuickSet Injection Molding as an opening for new industrial and military demand.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CPS Technologies Corporation published the original content used to generate this news brief on May 13, 2026, and is solely responsible for the information contained therein.