CPS Technologies Corp. reported earnings results for the second quarter and six months ended June 27, 2009. For the quarter, the company reported net income of $66,074 or $0.01 diluted per share on revenues of $3,602,435 against net income of $566,797 or $0.04 diluted per share on revenues of $4,472,069 for the same period a year ago. Lower profitability in second quarter of 2009 compared to the same period a year ago is primarily the result of fixed costs being spread over a smaller revenue base. For the six months, the company reported net income of $161,164 or $0.01 diluted per share on revenues of $6,655,076 against net income of $989,502 or $0.07 diluted per share on revenues of $7,887,825 for the same period a year ago.

CPS Technologies Corp. announced it has received an additional award of $1,473,509 from the Army Research Laboratory to continue the development of manufacturing technologies for large modules of hybrid metal matrix composite armor. This funding fully authorizes the Year 2 Program Plan of the existing Cooperative Agreement. The Agreement is a four-year Agreement, funded by the US Department of Defense Manufacturing Technology Program. In the first year of the Cooperative Agreement, CPS and ARL worked together to scale up the process for making HybridTech(TM) modules and to design and install a new large casting unit. CPS fabricated modules in various sizes up to 17' x 32' for testing at ARL within the first year of the Agreement.

CPS Technologies Corp. announced earnings results for the first quarter ended March 28, 2009. For the quarter, the company reported revenue of $3.0 million and net income of $95,000 or $0.01 per basic and diluted share compared with revenue of $3.4 million and net income of $423,000 or $0.03 per basic and diluted share for the fiscal quarter ended March 29, 2008. The 11% decline in revenues in the first quarter of 2009 compared to first quarter of 2008 primarily reflects the continuing challenging external economic environment.