Stock Groups

CPS Technologies Rises After Record 2021 Sales Bookings -Breaking

by Mike Robinson

[ad_1]


Sam Boughedda

Investing.com — CPS Technologies (NASDAQ:), the developer and manufacturer of advanced materials solutions and products, has seen its shares jump in Tuesday trading after announcing record orders in 2021.

These orders surpassed the total bookings for both previous years by more than $37million.

CPS shares are up 25% at the moment

Cheryl Oliveira, VP Sales: “These record orders support our strategic plan to grow across all product lines at CPS,” she said. CPS is also a market leader in Aerospace and Defense.

According to the company, the increased sales were due to investments made earlier in the year in personnel and facilities. After Grant Bennett’s retirement, Michael McCormack was elected president and chief executive officer in July.

Chuck Griffith, CPS CFO stated, “The New Product Development Lab combined with increased technical expertise, particularly Dr. Steve Kachur, and William Holmes has accelerated growth plans that have enabled us to enter new markets, applications, and markets.”

 

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are provided by market makers and are therefore not necessarily accurate. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of the potential risks and financial costs involved in trading the financial market. It is among the most dangerous investment options.

[ad_2]