CPS Technologies Corp Q2 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Leonard Euler Dunn - Mutual Trust Company of America Securities - Analyst : Grant, I understand that this is not a quarter you can look at as typical, even though your customers and you weren't directly affected by the COVID. I know that you said the one customer, in you release, took extra to in the first quarter in order to make sure that they were properly supplied in the second. But would you say now that things are kind of imbalanced with the orders that you're getting compared to what you normally would get?

Question: Leonard Euler Dunn - Mutual Trust Company of America Securities - Analyst : Okay. And with the supply chains being disrupted from time to time, and you're doing international business, are you having any trouble on that end?

Question: Leonard Euler Dunn - Mutual Trust Company of America Securities - Analyst : Okay. And the automotive, again, sounds like exciting to me because it sounds like that could be a very large market for you even though you're a small component of what goes in there. When would you anticipate it starting to ramp up? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 29, 2020 / 8:45PM, CPSH.OQ - Q2 2020 CPS Technologies Corp Earnings Call

Question: Leonard Euler Dunn - Mutual Trust Company of America Securities - Analyst : Well, from somebody who doesn't know the industry as carefully as you do, it would appear to be that because this is not a very expensive portion what goes into the car, that the dependability of it would count very heavily because they're not going to save a nickel and dime thing in orders they have some risk warranty problems later.

Question: Leonard Euler Dunn - Mutual Trust Company of America Securities - Analyst : Okay. This brings me back to my original question. In what time frame would you anticipate -- assuming that this works would you anticipate some ramp up?

Question: Leonard Euler Dunn - Mutual Trust Company of America Securities - Analyst : Okay. So I guess you don't want to commit, but it does sound like within the next 6 months, just my speculation and what you're saying, we could start seeing some ramp up. All things...

Question: Leonard Euler Dunn - Mutual Trust Company of America Securities - Analyst : I understand. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 29, 2020 / 8:45PM, CPSH.OQ - Q2 2020 CPS Technologies Corp Earnings Call

Question: Leonard Euler Dunn - Mutual Trust Company of America Securities - Analyst : Yes. Are there any other pipelines that we're in that we haven't been in before?

Question: Leonard Euler Dunn - Mutual Trust Company of America Securities - Analyst : Okay. And the thing that I've always urged you to do is go to these conferences to present so we're not a hidden company. But at the same time, clearly, the in-person conferences, at least in the near term, aren't happening. So -- but at the same time, the other side of that is the virtual conference is probably easier for you to attend. So have you looked into that?

Question: Leonard Euler Dunn - Mutual Trust Company of America Securities - Analyst : Good because that was the plan before. And with this COVID thing, and I've really tried to stay on top of it, it's beginning to look like we're going to have vaccines that are somewhat similar to flu vaccines, and that they're not permanent, but you get one and then you have to get a booster maybe 3 months later. And then the following year, you may have to get another one for the next season. But by that time, because you're looking now at late 2021 for this second time around, you could very easily have a combo vaccine that gives you both your flu and your COVID at the same time. But it does look like there is light at the end of the tunnel finally. So I'm encouraged by that. So we'll see.