CPS Announces Third Quarter Results
November 18, 2003
Ceramics Process Systems Corp. (CPS) recently announced net income of $7 thousand, or $0.00 per basic and diluted common share, on revenue of $868 thousand for the third fiscal quarter. This compares with a net loss of $362 thousand, or $0.03 per basic and diluted common share, on revenue of $482 thousand for the previous year period. "Q3 2003 revenues increased 80% over revenues from the same period a year ago," said Grant Bennett, president. "We are encouraged by indications from our customers that underlying demand is increasing; however, we expect to see continued quarter-to-quarter volatility as most OEMs push short-term inventory management down to component suppliers such as CPS."