CPS Technologies reports Q4 revenue decline due to contracts

CPS Technologies Corporation reported fourth quarter revenue of $5.9 million, down from the previous year. The company experienced an operating loss of about $1.3 million, attributed mainly to reduced sales from U.S. Navy armor contracts. During the earnings call, executives discussed the impact of ongoing geopolitical conflicts and economic conditions on their operations. They noted that these factors could lead to significant variations in future performance. The call included insights from the Chief Financial Officer and the President and CEO, who outlined the company's current challenges and financial results. Further details were provided in their filings with the SEC.