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Ceramics Process Systems Second Quarter 2001 Results

  • Thursday, 2nd August 2001
  • Reading time: less than a minute

Ceramics Process Systems Corporation made a net loss of $204 thousand on revenue of $846 thousand for the fiscal quarter ended June 30, 2001.

This compares with a net income of $70 thousand on revenue of $1.35 million for the fiscal quarter ended July 1, 2000. Grant Bennett, President, said: “”The second quarter was obviously challenging for us, as it was for many manufacturers in the electronics sector due to continuing weak demand. In Q2, customers continued to place prototype and evaluation orders for new products, but generally delayed placing production orders, or delayed releasing shipments on production orders. However, towards the end of Q2 we received several new production orders and early in Q3 certain customers began releasing shipments which were previously on hold.””

CPS develops, manufactures and markets advanced metal-matrix composites for housing and providing thermal management of high-density electronics. The Company’s products are primarily used in high-density microprocessor assemblies, wireless basestations, motor controllers, and satellite communications.

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