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ARIA Cybersecurity Solutions, a CSPi business (NASDAQ: CSPI), has won the prestigious Infosec 'Hot Company' Award at RSA 2024 for its AI-powered solution AZT PROTECT. The solution is deployed across various sectors, stopping sophisticated nation-state attacks. ARIA's unique approach ensures proactive protection, operation continuity during attacks, rapid deployment, and cost-effective micro-segmentation. The award recognizes ARIA's innovative cybersecurity solutions.
CSP Inc. (NASDAQ:CSPI) reported a net income of $1.6 million for the fiscal second quarter of 2024, with services revenue growing by 23% to $5.2 million, contributing to a gross margin expansion to 47%. The company also declared a quarterly dividend of $0.03 per share. Recent achievements include winning global awards for its cybersecurity products and expanding its market presence, with a focus on the AZT offering. The company's balance sheet remains strong, with cash and cash equivalents of $27.1 million, allowing for continued investment in growth initiatives.
ARIA Cybersecurity Solutions, a CSPi business (NASDAQ:CSPI), has won the prestigious Cyber Defense Magazine's Infosec Award for its breakthrough solution, AZT PROTECT™. The AI-powered solution is designed to protect Operational Technology (OT) environments from sophisticated nation-state attacks, with the ability to identify and block threats before they cause harm. It has been recognized for its unique features such as proactively protecting OT environments, keeping operations running during attacks, quick deployment without downtime, and resistance to being disabled. AZT PROTECT is an AI-driven agent that safeguards critical applications and devices from various forms of cyber threats.
CSPi (NASDAQ: CSPI) will announce its fiscal second quarter results on May 8, 2024. The company provides security and packet capture products, managed IT services, and technology solutions. The conference call hosted by President Victor Dellovo and CFO Gary W. Levine will review the financial results and business update.