- THE MAGAZINE
Ceramics Process Systems Corporation (CPS) recently announced net income of $142 thousand, or $0.01 per basic and diluted common share, on revenue of $1.4 million for the fiscal quarter ended June 26, 2004. This compares with net income of $29 thousand, or $0.00 per basic and diluted common share, on revenue of $1.1 million for the fiscal quarter ended June 28, 2003. "The 28% increase in revenues represents increased demand for both existing and new products; the increased demand from new products is primarily for flip-chip applications. In this market segment, we believe AlSiC is making the transition from a specialty material to a mainstream solution for high-reliability, high-density applications as evidenced by an increasing number of companies adopting AlSiC for these applications," said Grant Bennett, president.