CPS Technologies is trading 8.26% down in after-hours trading at $4.00 after its second-quarter results showed weaker profitability and missed analyst expectations.
- Revenue reached $8.31 million, below the $8.89 million forecast, while EPS was $0.00 versus expectations of $0.01.
- Gross margin declined year over year to 14.8%, and the company reported a $0.2 million operating loss.