CPS Announces Third Quarter Results
November 17, 2004
Ceramics Process Systems Corp. (CPS) recently announced net income of $181 thousand, or $0.01 per basic and diluted common share, on revenue of $1.8 million for the fiscal quarter ended September 25, 2004. This compares with net income of $7 thousand, or $0.00 per basic and diluted common share, on revenue of $868 thousand for the fiscal quarter ended September 27, 2003. Grant Bennett, president, said, "As a producer of thermal management components for high-density electronics, our revenues depend on both the number of design wins we achieve and the strength of the sales of our customers' systems which incorporate our components. The 108% increase in year-to-year revenue represents both new design wins, particularly in the flip-chip packaging segment, and a firming up of demand for existing part numbers, particularly in the cellular base station market segment."