CPS Technologies Corporation (NASDAQ:CPSH) Q4 2024 Earnings Conference Call March 13, 2025 9:00 AM ET
Company Participants
Chris Witty – Investor Relations Advisor
Chuck Griffith – Chief Financial Officer
Brian Mackey – President and CEO
Conference Call Participants
Operator
Good day, and welcome to CPS Technologies Fourth Quarter and Year-End 2024 Earnings Call. [Operator Instructions].
It is now my pleasure to turn the floor over to your host, Chuck Griffith, Chief Financial Officer at CPS Technologies. Chuck, the floor is yours.
Chuck Griffith
Thank you, Paul. Good morning, everyone. Today, I’m joined by Brian Mackey, our President and CEO. We look forward to discussing our fourth quarter results with you. But first, Chris Witty, our Investor Relations adviser, will provide a brief safe harbor statement. Chris?
Chris Witty
Thanks, Chuck, and good morning, everyone. Before we begin the business portion of today’s call, I would like to point out that statements in this conference call that are not strictly historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and should be considered as subject to the many uncertainties that exist in CPS’ operations and environment. These uncertainties include, but are not limited to, the ongoing conflicts in Ukraine and Israel, other geopolitical events, economic conditions, market demands and competitive forces. Such factors could cause actual results to differ materially from those in any forward-looking statements. Additional information can be found in our filings with the SEC.
Now I will turn the call over to Brian to offer his perspective on the fourth quarter, after which Chuck will review the financial results in greater detail. Brian?
Brian Mackey
Thank you, Chris. Fourth quarter revenue for CPS was $5.9 million with an operating loss of approximately $1.3 million. Sales declined year-over-year primarily due to the fulfillment of our U.S. Navy armor
