CPS Technologies is trading at $3.85, up +10.47%, after reporting record quarterly revenue and gross margin expansion.
- Quarterly revenue reached $8.9 million; gross margin rose to 20.9% from 17.1% a year earlier.
- Diluted EPS increased to $0.02 from $0.01. The company announced a new facility lease and new defense and semiconductor orders.
- The earnings release is the clearest catalyst for the gain; the broader market is higher, while the materials sector is lower.