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CPS TECHNOLOGIES CPS Technologies Corp. 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 SECOND QUARTER 2021 RESULTS Norton , Massachusetts , July 28 , 2021. CPS Technologies Corporation ( NASDAQ : CPSH ) today announced revenues of $ 5.9 million and an operating profit of $ 253 thousand for the quarter ended June 26 , 2021. This compares with revenues of $ 5.8 million and an operating profit of $ 331 thousand for the quarter ended June 27 , 2020 . Michael McCormack , President and CEO , said : " The impact of the pandemic on CPS's business continues to subside . Revenues in the second quarter 2021 showed continuing improvement over revenues in each of the previous 4 quarters . We previously commented that we felt the fourth quarter 2020 was the low point in terms of reduced demand caused by the pandemic . Our 2021 results confirm this to be the case . Revenues in the second quarter 2021 were 20 % higher than the first quarter 2021 , and in both quarters of 2021 our bookings were significantly above shipments . Looking at the quarter performance in more detail , on the positive side we are seeing a number of new pre - productions AISIC orders which have the potential for significant additional growth in the future . We continue to see significant increases in demand for our hermetic packaging products , primarily for aerospace and defense applications , and we are seeing increased interest and quotation activity in our armor product line in addition to the order for the U.S. Navy on which we have commented in the past . We began shipments of our Hybrid Tech Armor panels for crew - served weapons stations in the second quarter which had a positive impact on both the top and bottom lines . TM 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 suppressed demand , particularly for baseplates in the high - speed train market , but most customers are experiencing or at least forecasting improvement in their businesses as more people are vaccinated and government - mandated closures , both foreign and domestic , are lessening . These observations do not mean that CPS will be unaffected by the pandemic going forward , but we continue to see demand increasing rather than declining going forward . We remain very optimistic about our 2021 performance , and the future long - term growth opportunities across all lines of business into Fiscal Year 2022 . Beyond Fiscal Year 2022 , we are cautiously optimistic that our collective growth initiatives , specifically in longer - term new product development investments , will expand the current product line pipelines both in terms of revenues and earnings . In addition , we will make additional measured investments to increase the capacity of our current high volume manufacturing capacity . " The Company will be hosting its first quarter conference call with investors at 4:45 pm on Wednesday , July 28. Those interested in participating in the conference call should dial :