olivLaw · US equity research
CPS Technologies Corp. CPSH
Pottery & Related Products · SIC 3260 · Vertical: Stone, clay, glass and concrete (SIC 32xx)
CPS Technologies makes metal matrix composite components, hermetic packaging and HybridTech Armor® lightweight armor for transportation, energy, electronics, aerospace and defense customers. Fiscal 2025 revenue rose 54%, and in the second quarter of fiscal 2026 the company reported 8.3 million USD in revenue, as it prepares to move into a new operating facility.
At the close of 04 Nov 2026, CPS Technologies Corp. (CPSH) stock was 3.85 USD (+10.32% on the day), with market capitalisation 74.6 m USD, beta 1.02, 52-week range 3.04–11.59 USD. Latest reported quarter (Q2 2026): revenue of 8.3 m USD (+2.9% YoY), net income of 37.7 k USD (−63.6% YoY), diluted EPS 0.00 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 58.8
- strong (55–70)
- Bollinger (20, 2)
- 3.37 – 3.75
- above the upper band · %B 1.25 · band width 10.7%
- SMA 50 / 200
- 3.74 / 4.73
- mixed trend
- MACD (12, 26, 9)
- -0.03 / -0.07
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +6.1% | −1.1% | +7.2 pp | — |
| 3 months | −11.5% | −0.5% | −11.0 pp | — |
| 6 months | +6.4% | +4.4% | +2.0 pp | — |
| Year to date | +24.6% | +12.3% | +12.3 pp | — |
| 1 year | +9.4% | +13.5% | −4.2 pp | −12.7% |
| 3 years | +53.4% | +76.4% | −23.0 pp | +6.4% |
| 5 years | −26.2% | +63.7% | −89.9 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 27 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.2 m | 5.9 m | 7.5 m | 8.1 m | 8.8 m | 8.2 m | 7.0 m | 8.3 m |
| Cost of revenue | 4.8 m | 6.2 m | 6.3 m | 6.7 m | 7.3 m | 7.0 m | 6.4 m | 7.1 m |
| Gross profit | -523.4 k | -271.5 k | 1.2 m | 1.3 m | 1.5 m | 1.2 m | 606.9 k | 1.2 m |
| Research & development | — | — | 867.7 k | — | 899.7 k | — | 216.9 k | — |
| SG&A | 963.1 k | 1.0 m | 1.1 m | 1.2 m | 1.2 m | 1.3 m | 1.1 m | 1.5 m |
| Operating income | -1.5 m | -1.3 m | 129.7 k | 136.9 k | 276.1 k | -98.7 k | -522.6 k | -258.5 k |
| Depreciation & amortisation | 131.7 k ≈ | 177.5 k | 164.7 k | 156.5 k ≈ | 137.3 k ≈ | 142.7 k | 151.2 k | 156.5 k ≈ |
| Interest expense | 452 ≈ | — | — | — | — | — | — | — |
| Pre-tax income | -1.4 m | -1.3 m | 180.1 k | 156.0 k | 321.6 k | 25.0 k | -376.4 k | -112.4 k |
| Income tax | -372.7 k | -278.7 k | 84.2 k | 52.1 k | 113.6 k | 12.4 k | -82.3 k | -150.1 k |
| Net income | -1.0 m | -995.2 k | 96.0 k | 103.8 k | 208.0 k | 12.6 k | -294.2 k | 37.7 k |
| Diluted EPS | -0.07 | -0.07 ≈ | 0.01 | 0.01 | 0.01 | 0.00 ≈ | -0.02 | 0.00 |
| Operating cash flow | -1.2 m ≈ | -1.4 m | -1.3 m | 649.3 k ≈ | 1.1 m ≈ | -203.3 k | -292.0 k | -2.2 m ≈ |
| Capex | 80.1 k ≈ | 98.4 k | 93.1 k | 172.8 k ≈ | 173.6 k ≈ | 291.2 k | 475.8 k | 158.2 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21.6 m | 21.5 m | 20.9 m | 22.4 m | 26.6 m | 27.6 m | 21.1 m | 32.6 m |
| Revenue YoY | +48.0% | −0.5% | −2.8% | +7.6% | +18.4% | +3.6% | −23.3% | +54.3% |
| Net income | -3.7 m | -638.2 k | 908.1 k | 3.2 m | 2.1 m | 1.4 m | -3.1 m | 420.4 k |
| Net income YoY | unavailable | unavailable | unavailable | +254.1% | −33.7% | −35.7% | −328.8% | unavailable |
| Diluted EPS | -0.28 | -0.05 | 0.07 | 0.22 | 0.15 | 0.09 | -0.22 | 0.03 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | +214.3% | −31.8% | −40.0% | −344.4% | unavailable |
| net % | -17.2% | -3.0% | 4.4% | 14.3% | 8.0% | 5.0% | -14.8% | 1.3% |
| Free cash flow | unavailable | unavailable | 1.3 m | 1.5 m | 3.1 m | 549.2 k | -4.5 m | -487.0 k |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 27 Dec 2025
- Cash
- 4.5 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 24.6 m USD
- Total assets
- 29.5 m USD
- Debt / equity
- unavailable
- Current ratio
- 5.30x
- ROE
- 2.1%
- ROA
- 1.7%
- FCF margin
- -1.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 20.9 m | 22.4 m | 26.6 m | 27.6 m | 21.1 m | 32.6 m | SEC (XBRL)· 03 Mar 2026verified |
| Cost of revenue | 16.7 m | 17.7 m | 19.3 m | 20.7 m | 21.2 m | 27.3 m | SEC (XBRL)· 03 Mar 2026verified |
| Gross profit | 4.2 m | 4.8 m | 7.3 m | 6.8 m | -118.6 k | 5.3 m | SEC (XBRL)· 03 Mar 2026verified |
| Research & development | — | — | — | — | — | 867.7 k | SEC (XBRL)· 03 Mar 2026verified |
| SG&A | 3.3 m | 4.3 m | 5.1 m | 5.1 m | 4.3 m | 4.8 m | SEC (XBRL)· 03 Mar 2026verified |
| Operating income | 914.2 k | 513.0 k | 2.2 m | 1.7 m | -4.4 m | 444.0 k | SEC (XBRL)· 03 Mar 2026verified |
| Depreciation & amortisation | 530.4 k | 469.3 k | 445.7 k | 489.1 k | 547.2 k | 601.2 k | SEC (XBRL)· 03 Mar 2026verified |
| EBITDA | 1.4 m ≈ | 982.3 k ≈ | 2.7 m ≈ | 2.2 m ≈ | -3.8 m ≈ | 1.0 m ≈ | SEC (XBRL)· 03 Mar 2026derived |
| Interest expense | — | 10.9 k | 8.0 k | 5.1 k | — | — | SEC (XBRL)· 14 Mar 2024verified |
| Pre-tax income | 899.5 k | 508.9 k | 2.9 m | 2.0 m | -4.1 m | 682.6 k | SEC (XBRL)· 03 Mar 2026verified |
| Income tax | -8.5 k | -2.7 m | 756.3 k | 582.1 k | -958.5 k | 262.3 k | SEC (XBRL)· 03 Mar 2026verified |
| Net income | 908.1 k | 3.2 m | 2.1 m | 1.4 m | -3.1 m | 420.4 k | SEC (XBRL)· 03 Mar 2026verified |
| Diluted EPS | 0.07 | 0.22 | 0.15 | 0.09 | -0.22 | 0.03 | SEC (XBRL)· 03 Mar 2026verified |
| Weighted average diluted shares | 13.3 m | 14.6 m | 14.7 m | 14.6 m | 14.5 m | 15.4 m | SEC (XBRL)· 03 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 195.2 k | 5.1 m | 8.3 m | 8.8 m | 3.3 m | 4.5 m | SEC (XBRL)· 03 Mar 2026verified |
| Receivables | 2.9 m | 4.9 m | 3.8 m | 4.4 m | — | — | SEC (XBRL)· 14 Mar 2024verified |
| Inventories | 3.7 m | 3.9 m | 4.9 m | 4.6 m | 4.3 m | 5.6 m | SEC (XBRL)· 03 Mar 2026verified |
| Current assets | 6.9 m | 14.1 m | 17.8 m | 18.1 m | 14.2 m | 24.8 m | SEC (XBRL)· 03 Mar 2026verified |
| Property, plant & equipment, net | 1.3 m | 1.3 m | 1.3 m | 1.6 m | 2.0 m | 2.1 m | SEC (XBRL)· 03 Mar 2026verified |
| Intangibles (excl. goodwill) | — | — | — | — | 0 | 21.8 k | SEC (XBRL)· 03 Mar 2026verified |
| Total assets | 8.3 m | 18.8 m | 21.7 m | 21.6 m | 18.9 m | 29.5 m | SEC (XBRL)· 03 Mar 2026verified |
| Accounts payable | 909.3 k | 2.1 m | 1.8 m | 2.5 m | 3.1 m | 3.4 m | SEC (XBRL)· 05 May 2026verified |
| Short-term debt | 25.0 k | — | — | — | — | — | SEC (XBRL)· 13 Aug 2021verified |
| Long-term debt | — | 154.6 k | 98.7 k | 54.9 k | 8.1 k | — | SEC (XBRL)· 17 Mar 2025verified |
| Current liabilities | 1.8 m | 5.1 m | 5.4 m | 4.1 m | 4.3 m | 4.7 m | SEC (XBRL)· 03 Mar 2026verified |
| Total liabilities | 2.0 m | 5.6 m | 6.0 m | 4.3 m | 4.4 m | 4.9 m | SEC (XBRL)· 03 Mar 2026verified |
| Equity | 6.4 m † | 13.2 m † | 15.7 m † | 17.3 m † | 14.5 m † | 24.6 m † | SEC (XBRL)· 03 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.7 m | 2.0 m | 3.6 m | 1.3 m | -3.5 m | 243.6 k | SEC (XBRL)· 03 Mar 2026verified |
| Capex | 323.0 k | 514.3 k | 439.8 k | 718.3 k | 994.3 k | 730.7 k | SEC (XBRL)· 03 Mar 2026verified |
| Free cash flow | 1.3 m ≈ | 1.5 m ≈ | 3.1 m ≈ | 549.2 k ≈ | -4.5 m ≈ | -487.0 k ≈ | SEC (XBRL)· 03 Mar 2026derived |
| Investing cash flow | -312.0 k | -512.3 k | -436.4 k | -718.3 k | -2.0 m | -8.5 m | SEC (XBRL)· 03 Mar 2026verified |
| Financing cash flow | -1.3 m | 3.4 m | 101.4 k | -2.3 k | -46.8 k | 9.4 m | SEC (XBRL)· 03 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 35.4% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 74.6 m USD
Key indicators
Coverage and freshness
Score by group
35% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -0.1% | 29 (vs peers) | 18% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 7.0% | 59 (on a fixed band) | 24% |
| EPS CAGR 3Y · Growth | -41.5% | 0 (on a fixed band) | 24% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 7.1x | 100 (on a fixed band) | 12% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -3.7% | 0 (on a fixed band) | 24% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth29/100 · 2/2 factors with a value
- Quality· partial29/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
CPS TECHNOLOGIES CORP. (CPSH). Latest full fiscal year: 2025; data up to 2026-06-27.
Figures computed from the financial statements: revenue 32.6 m USD in 2025; YoY growth 54.3%; net margin -0.1%; ROE -0.1%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 7.1x
What contradicts it
- Net margin: -0.1%
- EPS CAGR 3Y: -41.5%
- FCF yield: -3.7%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Stone, clay, glass and concrete (SIC 32xx) · same major group (2-digit SIC) · compared with 14 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CXCemex Sab De Cv | 158.6 bn | 513.1 | 7.8% | 5.8% | −2.1% | +1% / +58% |
| CRHCRH public limited company | 65.7 bn | 18.6 | 14.8% | 9.2% | +5.3% | −18% / +57% |
| AMRZAmrize Ltd | 23.5 bn | 19.5 | 9.8% | 10.2% | +0.9% | −14% / unavailable |
| JHXJAMES HARDIE INDUSTRIES plc | 17.1 bn | 117.6 | 3.3% | 2.7% | +24.7% | +49% / −8% |
| OCOwens Corning | 9.9 bn | — | -11.3% | -4.4% | +2.6% | +13% / −6% |
| EXPEagle Materials Inc. | 6.0 bn | 16.4 | 24.5% | 16.1% | +2.1% | −11% / +9% |
| TGLSTecnoglass Holdings Inc. | 1.9 bn | 15.1 | 17.0% | 12.4% | +10.5% | −14% / +23% |
| APOGApogee Enterprises, Inc. | 1.0 bn | 15.2 | 13.1% | 4.7% | +3.2% | +32% / +6% |
| OIO-I Glass, Inc. | 843.6 m | — | -119.2% | -18.9% | −1.6% | −59% / −63% |
| RETOReTo Eco-Solutions, Inc. | 172.7 m | — | -48.3% | -366.1% | +84.3% | −98% / −100% |
| SMIDSmith-Midland Corporation | 130.9 m | 21.4 | 14.5% | 8.6% | +19.0% | −29% / −19% |
| CPSHCps Technologies Corp. | 74.6 m | — | -0.1% | -0.1% | +54.3% | +9% / +53% |
| CSTECaesarstone Ltd. | 56.7 m | — | -66.9% | -34.6% | −10.4% | +9% / −60% |
| LOMALoma Negra Compania Industrialargentina Sociedad Anonima | — | — | 21.5% | 22.0% | −23.9% | −29% / +37% |
| CPACHolcim Ltd | — | — | 16.6% | 10.1% | +1.4% | +90% / +170% |
1- and 3-year price returns: for CPSH from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
CPS Technologies makes metal matrix composite components, hermetic packaging and HybridTech Armor® lightweight armor for transportation, energy, electronics, aerospace and defense customers. Fiscal 2025 revenue rose 54% 1, and in the second quarter of fiscal 2026 the company reported 8.3 million USD in revenue 3, as it prepares to move into a new operating facility.
SWOT
Strengths
- The company has proprietary know-how in MMC materials and manufacturing processes protected by its intellectual property 1.
- The product portfolio is qualified with several large electronics OEMs, and in some hermetic packages the company is the sole source 1.
- Return to the SBIR and STTR programs strengthens funding for development and the intellectual property portfolio 1.
Weaknesses
Opportunities
- Demand from semiconductor and defense customers could support new orders, as the growth in the second quarter of fiscal 2026 suggests 3.
- The AlMax material licensed from Triton Systems could open new applications, such as helicopter bearing liners 1.
- The new facility could raise production capacity if the move proceeds without delays 13.
Threats
- Tariffs and changes in trade policy could reduce margins or the competitiveness of exported products 12.
- Larger competitors with greater financial resources could cut prices or develop more advanced products 1.
- Swings in gold and raw material prices could hurt profitability if costs cannot be passed on to customers 12.
Risks
- Customer concentrationhigh
A small number of customers generates a large share of revenue, and losing a major customer could be hard to replace 1.
- Long sales cyclemedium
Sales can take months or years, which makes it hard to forecast revenue by quarter 1.
- Facility relocationhigh
Moving to a new plant could bring unexpected costs and production disruption 13.
- Single-source suppliersmedium
Some plating vendors are sole-sourced, so a price increase or delay could affect revenue 1.
- Raw material costs and tariffsmedium
Gold prices and tariffs can compress margins, especially when costs cannot be passed on to customers 12.
Investment thesis
What would need to be true (bull case)
- If demand from semiconductor and defense customers holds, quarterly revenue could keep growing, as the second-quarter fiscal 2026 rebound suggests 3.
- The company's unique position in AlSiC hermetic packages and its SBIR programs could open new production orders 1.
- Capital raised through the secondary offering could fund the relocation and new product investment 3.
What would break the thesis
What to watch
- Completion of negotiations for the new facility and the move timetableQ3 2026
- Gross margin trend after higher gold costs and tariffsQ3 2026
- New orders from semiconductor and defense customers and progress of SBIR programs2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
CPS Technologies Corp. is a Massachusetts advanced materials company founded in 1984 and listed on Nasdaq since 1987 1. It designs, manufactures and sells high-performance material solutions based on metal matrix composites (MMCs), which combine metals and ceramics for thermal conductivity, stiffness and lower weight 1. Products are custom-built to customer specifications and sold on a build-to-order basis, without long-term production contracts 1.
Customer concentration is high: in fiscal 2025 three customers accounted for 64% of revenue 1. Management says many new product opportunities exist, some of which could lead to significant production orders in the coming years, while others will take longer to develop 1.
Segments
Metal matrix composite (MMC) components
This is the main line, with baseplates and heat spreaders for IGBT power modules and components for high-speed trains, mass transit, electric and hybrid vehicles, HVDC stations and wind turbines 1. AlSiC parts are made close to net shape, and management says demand grows as wide-band-gap semiconductors such as SiC spread 1.
Hermetic packaging
Hermetic packages serve high-reliability applications such as satellites, avionics and GPS systems and communications modules 1. The company says it is the only producer it knows of making hermetic packages with AlSiC bases 1. Customers typically buy prototype and evaluation quantities first, with production volumes following after one to three years 1.
Trends
- Electrification of transport and energytailwind
Demand for SiC and GaN power modules used in trains, electric vehicles and HVDC stations could support growth in the company's AlSiC baseplates 1.
- Defense and space demandtailwind
Government-funded SBIR programs and components for satellites and naval armor could expand the portfolio if these programs turn into production contracts 1.
- Gold and raw material pricesheadwind
Higher gold prices and tariffs compress margins, because costs are not always fully passed on to customers 2.
- Move to a new facilitymixed
Relocating to a new plant could add capacity, but it also brings costs and disruption during the transition 13.
Competitive position
The primary competitor for MMC baseplates is Denka, a large Japanese chemical company, and several major customers buy from this competitor 12. Emerging Chinese manufacturers offering lower-priced products are also cited as potential competitors 1.
The company says technical differentiation, quality and reliability are its strengths, but price-sensitive customers could force price reductions 1. Exchange rate swings can make its products more or less competitive against foreign rivals 1.
- Foreign suppliers of high-performance components
Competitors based outside the United States whose position against the dollar can affect the company's competitiveness 1.
- Makers of packaging and armor from traditional materials
Companies using steel, ceramics or other conventional materials, against which MMC solutions are compared in defense applications 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report24 Aug 2026Material agreement · Financial statements and exhibits
- Quarterly report11 Aug 2026
- Current report06 Aug 2026Results of operations · Other events · Financial statements and exhibits
- Current report01 Jun 2026Material agreement · Amendments to articles or bylaws · Other events · Financial statements and exhibits
- Current report08 May 2026Departure or appointment of officers · Financial statements and exhibits
- Current report06 May 2026Results of operations · Other events · Financial statements and exhibits
- Current report06 May 2026Shareholder vote · Regulation FD disclosure
- Quarterly report05 May 2026
- Proxy statement20 Mar 2026
- Current report04 Mar 2026Results of operations · Other events · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-27 · SEC / CPS Technologies Corp. · 03 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-27 · SEC / CPS Technologies Corp. · 11 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / CPS Technologies Corp. · 06 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.