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CSP Inc. (NASDAQ: CSPI) is at the forefront of tackling some of the most demanding challenges in computing, including performance, availability, and security concerns. As an industry leader, CSPI provides both hardware and service solutions, operating through two main pillars: the High-Performance Products Division and the Technology Solutions Division.
The High-Performance Products Division is known for its Myricom ARC series network adapters, which play a crucial role in financial trading, video and multimedia production, and packet capture. These high-performance products are essential in industries requiring fast and reliable network solutions.
In the Technology Solutions Division, the focus is on IT and cybersecurity services. This division is split into two primary areas:
- IT Professional Services: This segment offers comprehensive IT managed services, including 24/7 monitoring and expert support to help businesses manage and secure their IT infrastructure efficiently.
- Security Services: Known for its advanced
CSPi reported strong fiscal 2025 first quarter results with revenue increasing 2% to $15.7 million. Services revenue grew 17% to $4.7 million, while gross profit increased 11% to $4.6 million. The company's gross margin expanded by over 200 basis points to 29.1%.
The company reported net income of $0.5 million, or $0.05 per diluted share, compared to a net loss of $(73,000) in the prior year period. CSPi maintained a strong balance sheet with $30.7 million in cash and cash equivalents. The Board declared a quarterly dividend of $0.03 per share, payable March 10, 2025.
Key achievements include signing several new ARIA Zero Trust Protect customers in high-growth industries like utility and wastewater treatment, while maintaining strong cloud-based business performance and increased sales to cruise lines.
CSPi (NASDAQ:CSPI), a provider of security and packet capture products, managed IT and professional services, and technology solutions, has scheduled its fiscal 2025 first quarter financial results announcement for February 10, 2025, before market open. CEO Victor Dellovo and CFO Gary W. Levine will host a conference call at 10:00 a.m. ET to discuss the results and provide a business update. The call will be accessible via webcast and telephone, with dial-in numbers provided. A replay will be available on CSPi's website for approximately one year.
ARIA Cybersecurity Solutions, a CSPi business (NASDAQ:CSPI), announced a new reseller partnership with United Flow Technologies (UFT) to protect water treatment facilities from cyberattacks across North America. UFT, serving over 16,000 customers across 40 US states, will resell ARIA's AZT PROTECT zero trust solution.
The AI-based solution is designed to protect critical infrastructure applications from malware, ransomware, and nation-state-backed attacks. The first deployment has been completed at one of UFT's operational technology facilities. AZT PROTECT offers a fully managed system that can be quickly deployed to provide round-the-clock protection, specifically designed for OT environments in the water treatment industry.
CSPi reported fiscal Q4 and full year 2024 results, with Q4 revenue at $13.0 million (down from $15.3 million in Q4 2023) and full-year revenue at $55.2 million (down from $64.6 million in 2023). The company recorded a Q4 net loss of $(1.7) million, or $(0.18) per share, compared to net income of $1.4 million last year. Full-year results showed a net loss of $(0.3) million.
Key highlights include recurring revenue reaching 17% of total revenue, over 10 new cloud-based customers in Q4, and a strong partnership with Rockwell Automation generating over 100 new business leads for AZT PROTECT. The company maintains a robust cash position of $30.6 million and declared a quarterly dividend of $0.03 per share.
CSPi (NASDAQ:CSPI), a provider of security and packet capture products, managed IT and professional services, and technology solutions, has scheduled the release of its fiscal 2024 fourth quarter and full year financial results before market open on Friday, December 20, 2024. CEO Victor Dellovo and CFO Gary W. Levine will host a conference call at 10:00 a.m. ET to discuss the results and provide a business update. The call will be accessible via webcast and telephone, with replay available on CSPi's website for approximately one year.
CSPi (NASDAQ:CSPI) announced the expansion of its Board of Directors from five to seven members with the addition of Steven Webber and Anthony Folger. Webber, currently COO/CFO at Quickbase, brings 30 years of financial management experience, including roles at Carbon Black, Syniti, and EMC Folger, currently CFO at Progress, has over 30 years of financial and operational experience, including CFO positions at Carbonite and other senior finance roles.
The company also announced that Board members Charles Blackmon and C. Shelton James will not seek re-election, with their departures effective February 3, 2025.
ARIA Cybersecurity Solutions, a CSPi business (NASDAQ:CSPI), announced a new reseller partnership with CED Industrial Solutions Network, a provider of Rockwell Automation software across 19 US states. The partnership focuses on distributing ARIA's AZT PROTECT™, a zero-trust cybersecurity solution that protects critical infrastructure applications from malware, ransomware, and nation-state-backed attacks. The solution uses AI-based countermeasures to lock down critical applications and prevent code-based attacks on production control systems. CED will distribute the solution through its network of 80 branch offices.
ARIA Cybersecurity Solutions, a CSPi business (NASDAQ:CSPI), announced that a major independent retail energy producer has selected ARIA AZT PROTECT for deployment across over 30 plants. The solution provides zero-trust protection for critical infrastructure applications, specifically designed to combat zero-day malware, ransomware, and nation-state-backed attacks. The AI-based system offers automated protection for both legacy and modern power plant operations, ensuring regulatory compliance while protecting vulnerable production control systems.
CSP Inc. (NASDAQ:CSPI) reported fiscal third quarter 2024 results, highlighting a 10% growth in services revenue and a 150 basis point improvement in gross margin percentage. The company achieved near-record cash position while continuing infrastructure buildout for AZT PROTECT market penetration. Key highlights include:
- Revenue of $13.1 million, down from $17.7 million in Q3 2023
- Services revenue increased to $5.3 million, up 10% year-over-year
- Gross profit of $4.6 million, or 35.0% of sales
- Net loss of $0.2 million, or $0.02 per diluted share
- Cash and cash equivalents of $28.9 million
The company expanded its AZT PROTECT customer base, entered new reseller partnerships, and hired a new VP of Global Sales to accelerate adoption. CSPi also declared a quarterly dividend of $0.03 per share.
CSPi (NASDAQ:CSPI), a provider of security and packet capture products, managed IT and professional services, and technology solutions, has announced the release date for its fiscal 2024 third quarter financial results. The company will issue the results before the market opens on Tuesday, August 13, 2024.
Following the release, CSPi will host a conference call at 10:00 a.m. ET on the same day. President and CEO Victor Dellovo and CFO Gary W. Levine will lead the call, reviewing financial results and providing a business update. Investors and interested parties can access the live webcast through the provided link or join via telephone using the specified dial-in numbers and participant access code.
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