Stock Alert: CPS Technologies Stock More-Than-Doubles In Premarket

(RTTNews) - Shares of CPS Technologies Corp. (CPSH) are rising sharply over 105% in pre-market today, following the company strong Q1 results.

The stock has been trading in the range of $0.86 - $2.39 for the past one year, and closed Tuesday's trade at $1.12, down 0.58%. CPSH is currently trading at $2.27, up $1.17 or 106.36% in the pre-market trading session.

The company reported Q1 net income of $602 thousand or $0.05 per share compared to a loss of $744 thousand or $0.06 per share last year.

Total revenues for the quarter rose to $6.51 million from $5.27 million generated a year ago.

Grant Bennett, President and CEO, said, "...We continue to generate new customers and new products. We have taken and continue to take actions to strengthen our sales and marketing efforts in the US aerospace and defense electronics industries; these actions are showing positive results..."