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CPS TECHNOLOGIES CPS Technologies Corporation Chuck Griffith , Chief Financial Officer 111 South Worcester Street Norton , MA 02766 Telephone : ( 508 ) 222-0614 Web Site : www.alsic.com CPS TECHNOLOGIES CORPORATION ANNOUNCES FIRST QUARTER 2021 RESULTS Norton , Massachusetts , April 29 , 2021. CPS Technologies Corporation ( NASDAQ : CPSH ) today announced revenues of $ 4.9 million and an operating profit of $ 36 thousand for the quarter ended March 27 , 2021. This compares with revenues of $ 6.5 million and an operating profit of $ 622 thousand for the quarter ended March 28 , 2020 . Grant Bennett , President and CEO , said : " As the impact of the pandemic begins to subside , revenues in the first quarter 2021 showed continuing improvement over revenues in the third and fourth quarters of 2020 , even though revenues in the first quarter were lower than the same period a year ago . We previously commented that in the first quarter 2020 customers accelerated deliveries because of supply chain uncertainties as the pandemic began to spread . We also commented last quarter that we felt the fourth quarter 2020 was the low point in terms of reduced demand caused by the pandemic . Our first quarter 2021 results confirm this to be the case . Revenues in the first quarter 2021 were 17 % higher than the fourth quarter 2020 , and in the first quarter our bookings were significantly above shipments . Looking at the bigger picture , although our AISIC baseplate business remains sluggish due to the slow recovery of high speed trains and mass transit as a result of the pandemic , we are delighted at seeing significant increases in demand for our hermetic packaging products , primarily for aerospace and defense , and we are seeing increased interest and quotation activity in our armor product line . The first quarter did not include any revenue from shipments of our Hybrid Tech TM Armor panels for crew - served weapons stations ; we have begun shipping under the previously announced order in the current quarter ; these shipments will be reflected in our second quarter 2021 revenues . As part of the Defense Industrial Base , CPS has been open and operating throughout the pandemic . To date all of our major customers remain open and operational . The pandemic has depressed demand , particularly for baseplates , but most customers are experiencing or at least forecasting improvement in their businesses as more people are vaccinated and government - mandated closures are lessening . These observations do not mean that CPS will be unaffected by the pandemic going forward , but we currently see demand increasing rather than declining going forward . We remain very optimistic about our 2021 performance . We continue to follow federal and state guidelines in our workplace regarding the pandemic . Shifts remain staggered to reduce employee overlap , workstations have been rearranged to ensure social distancing , all employees are using facemasks , etc. The Company will be hosting its first quarter conference call with investors at 4:45 pm on Thursday , April 29. Those