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In a recent transaction, Ivo James Cavoli, a director at CPS Technologies Corp (NASDAQ:CPSH), acquired 7,000 shares of the company’s common stock. The shares were purchased at a price of $1.5678 each, resulting in a total transaction value of $10,974. This acquisition increases Cavoli’s holdings in the company to 7,000 shares. The transaction was filed with the Securities and Exchange Commission on March 19, 2025.The director’s purchase price represents a slight discount to the current trading price of $1.64. According to InvestingPro data, CPS Technologies, with a market cap of $22.7 million, maintains a strong liquidity position with a current ratio of 3.29x and holds more cash than debt on its balance sheet. While the company faces profitability challenges, its robust cash position provides financial flexibility. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, CPS Technologies reported a net loss of $1 million for the fourth quarter of 2024, with revenues decreasing to $5.9 million from $6.7 million in the previous year. The company attributed this decline to the completion of a significant armor contract and increased production costs. Despite these challenges, CPS Technologies has expanded its production capacity and secured new contracts, indicating potential for future growth. The company is optimistic about its prospects for fiscal 2025, targeting $15-20 million in revenue with improved gross margins. Additionally, CPS Technologies is focusing on new product lines in military and aerospace sectors, which are expected to drive future performance. The company also announced the appointment of PKF O’Connor Davies as its new audit firm for the 2024 audit. Looking forward, CPS Technologies anticipates continued growth and is actively pursuing new market opportunities.
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