CSPi Reports Continued Business Momentum and Profitability During Fiscal 2025 First Quarter; Services Revenue Grow 17% and Gross Margin Expands
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 ha riportato risultati forti per il primo trimestre dell'anno fiscale 2025, con un aumento del fatturato del 2% a 15,7 milioni di dollari. I ricavi dei servizi sono cresciuti del 17% a 4,7 milioni di dollari, mentre il profitto lordo è aumentato dell'11% a 4,6 milioni di dollari. Il margine lordo dell'azienda si è espanso di oltre 200 punti base, arrivando al 29,1%.
L'azienda ha riportato un utile netto di 0,5 milioni di dollari, ovvero 0,05 dollari per azione diluita, rispetto a una perdita netta di (73.000 dollari)30,7 milioni di dollari in liquidità e equivalenti. Il Consiglio ha dichiarato un dividendo trimestrale di 0,03 dollari per azione, pagabile il 10 marzo 2025.
I risultati chiave includono la firma di diversi nuovi clienti ARIA Zero Trust Protect in settori ad alta crescita come i servizi pubblici e il trattamento delle acque reflue, mantenendo al contempo una forte performance del business basato su cloud e un aumento delle vendite alle compagnie di crociera.
CSPi reportó sólidos resultados para el primer trimestre del año fiscal 2025, con un incremento del 2% en los ingresos, alcanzando 15,7 millones de dólares. Los ingresos por servicios crecieron un 17% hasta 4,7 millones de dólares, mientras que la utilidad bruta aumentó un 11% hasta 4,6 millones de dólares. El margen bruto de la empresa se amplió en más de 200 puntos básicos, alcanzando el 29,1%.
La empresa reportó una ganancia neta de 0,5 millones de dólares, o 0,05 dólares por acción diluida, en comparación con una pérdida neta de (73.000 dólares) en el mismo período del año anterior. CSPi mantuvo un sólido balance con 30,7 millones de dólares en efectivo y equivalentes. La Junta declaró un dividendo trimestral de 0,03 dólares por acción, pagadero el 10 de marzo de 2025.
Entre los logros clave se incluye la firma de varios nuevos clientes de ARIA Zero Trust Protect en sectores de alto crecimiento como servicios públicos y tratamiento de aguas residuales, mientras se mantiene un sólido desempeño del negocio basado en la nube y un incremento en las ventas a líneas de crucero.
CSPi는 2025 회계 연도 1분기 강력한 결과를 보고했으며, 수익은 2% 증가하여 1570만 달러에 달했습니다. 서비스 수익은 17% 증가하여 470만 달러에 이르렀고, 총 이익은 11% 증가하여 460만 달러로 늘었습니다. 회사의 총 마진은 200 포인트 이상 확대되어 29.1%에 도달했습니다.
회사는 50만 달러의 순이익, 즉 희석 주당 0.05 달러를 보고했으며, 이는 전년도 같은 기간의 순손실 (73,000 달러)와 비교됩니다. CSPi는 3070만 달러의 현금 및 현금 등가물을 보유하고 있는 강력한 재무 상태를 유지하고 있습니다. 이사회는 2025년 3월 10일 지급될 주당 0.03 달러의 분기 배당금을 선언했습니다.
주요 성과로는 유틸리티 및 폐수 처리와 같은 고성장 산업에서 여러 신규 ARIA Zero Trust Protect 고객을 확보한 것과 강력한 클라우드 기반 비즈니스 성과 및 크루즈 라인에 대한 판매 증가가 포함됩니다.
CSPi a rapporté de solides résultats pour le premier trimestre de l'exercice 2025, avec une augmentation de 2% des revenus atteignant 15,7 millions de dollars. Les revenus provenant des services ont augmenté de 17% pour atteindre 4,7 millions de dollars, tandis que le bénéfice brut a augmenté de 11% pour atteindre 4,6 millions de dollars. La marge brute de l'entreprise s'est élargie de plus de 200 points de base pour atteindre 29,1%.
L'entreprise a rapporté un bénéfice net de 0,5 million de dollars, soit 0,05 dollar par action diluée, par rapport à une perte nette de (73 000 dollars) au même trimestre de l'année précédente. CSPi a maintenu un solide bilan avec 30,7 millions de dollars en liquidités et équivalents. Le conseil d'administration a déclaré un dividende trimestriel de 0,03 dollar par action, payable le 10 mars 2025.
Les réalisations clés incluent la signature de plusieurs nouveaux clients ARIA Zero Trust Protect dans des secteurs à forte croissance tels que les services publics et le traitement des eaux usées, tout en maintenant une solide performance commerciale basée sur le cloud et une augmentation des ventes aux compagnies de croisière.
CSPi berichtete über starke Ergebnisse für das erste Quartal des Geschäftsjahres 2025, wobei der Umsatz um 2% auf 15,7 Millionen Dollar gesteigert wurde. Der Dienstleistungsumsatz wuchs um 17% auf 4,7 Millionen Dollar, während der Bruttogewinn um 11% auf 4,6 Millionen Dollar anstieg. Die Bruttomarge des Unternehmens erweiterte sich um über 200 Basispunkte und erreichte 29,1%.
Das Unternehmen berichtete von einem Nettoergebnis von 0,5 Millionen Dollar, oder 0,05 Dollar pro verwässerter Aktie, im Vergleich zu einem Nettoverlust von (73.000 Dollar) im Vorjahreszeitraum. CSPi hielt eine starke Bilanz mit 30,7 Millionen Dollar an liquiden Mitteln und liquiden Äquivalenten. Der Vorstand erklärte eine vierteljährliche Dividende von 0,03 Dollar pro Aktie, zahlbar am 10. März 2025.
Zu den wichtigsten Erfolgen gehört das Unterzeichnen mehrerer neuer ARIA Zero Trust Protect-Kunden in wachstumsstarken Branchen wie Versorgungsunternehmen und Abwasserbehandlung sowie die Aufrechterhaltung einer starken Cloud-basierten Geschäftsperformance und gestiegener Verkäufe an Kreuzfahrtlinien.
- Revenue increased 2% YoY to $15.7 million
- Services revenue grew 17% to $4.7 million
- Gross profit up 11% to $4.6 million
- Gross margin expanded 200+ basis points to 29.1%
- Turned $73,000 loss to $0.5 million profit YoY
- Strong cash position of $30.7 million
- None.
Insights
CSPi's Q1 FY2025 results reveal a compelling transformation toward higher-margin, recurring revenue streams. The
The expansion into the utilities and wastewater treatment sectors with ARIA Zero Trust Protect represents a strategic entry into critical infrastructure protection - a market experiencing heightened demand due to increasing cyber threats and regulatory requirements. The partnership with Rockwell Automation positions CSPi to leverage an established distribution network in the industrial automation sector, potentially accelerating market penetration.
The robust balance sheet, with
The transition from a net loss to positive earnings of
Board Declares
LOWELL, MA / ACCESS Newswire / February 10, 2025 / CSP Inc. (NASDAQ:CSPI), an award-winning provider of security and packet capture products, managed IT and professional services and technology solutions, today announced results for the fiscal 2025 first quarter ended December 31, 2024. The Company also announced that the Board of Directors declared a quarterly dividend of
Recent Achievements and Operating Highlights
Led by growth in cloud-base and recurring revenue sources, services revenue increased
17% .Signed several new ARIA Zero Trust Protect (AZT PROTECT™) customers as the Company continues to make initial entry into high growth industries, including utility and wastewater treatment.
Maintained a robust balance sheet with approximately
$30.7 million in cash and cash equivalents for the Company to implement near and long-term business initiatives to generate sustained growth and profitability.
"The team did an excellent job of continuing our fourth quarter marketplace momentum, which resulted in a solid start to our fiscal 2025," commented Victor Dellovo, Chief Executive Officer. "We reported increases in total and services revenue, expanded our gross margin and generated a quarterly net income of
Fiscal 2025 First Quarter Results
Revenue for the fiscal 2025 first quarter ended December 31, 2024, increased
The Company continued to maintain a robust balance sheet and as of December 31, 2024, had cash and cash equivalents of
Conference Call Details
CSPi Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call at 10:00 a.m. (ET) today to review CSPi's financial results and provide a business update. To listen to a live webcast of the call, the event link is https://www.webcaster4.com/Webcast/Page/2912/52010. Individuals also may listen to the call via telephone, by dialing 973-528-0011 or 888-506-0062 and use the Participant Access Code: 321679 when greeted by the live operator. A replay of the webcast will be available for approximately one year on the CSPi website.
About CSPi
CSPi (NASDAQ:CSPI) operates two divisions, each with unique expertise in designing and implementing technology solutions to help customers use technology to success. The High Performance Product division, including ARIA Cybersecurity Solutions, recognizes that better, stronger, more effective cybersecurity starts with a smarter approach. ARIA's solutions provide new ways for organizations to protect their most critical assets-they can shield their critical applications from cyberattack with the AZT solution, while monitoring internal traffic, device-level logs, and alert output with our ARIA ADR solution to substantially improve threat detection and surgically disrupt cyberattacks and data exfiltration. Rounding out the portfolio, Aria's AZT Gateway Software allows us to interrogate network packets at 100mbps line-rate to enforce forwarding and capture policies on the fly. Customers in a range of industries rely on our solutions to accelerate incident response, automate breach detection, and protect their most critical assets and applications-no matter where they are stored, used, or accessed.
CSPi's Technology Solutions division helps clients achieve their business goals and accelerate time to market through innovative IT solutions and professional services by partnering with best-in-class technology providers. For organizations that want the benefits of an IT department without the cost, we offer a robust catalog of Managed IT Services providing 24×365 proactive support. Our team of engineers have expertise across major industries supporting five key technology areas: Advanced Security; Communication and Collaboration; Data Center; Networking; and Wireless & Mobility.
Safe Harbor
The Company wishes to take advantage of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995 with respect to statements that may be deemed to be forward-looking under the Act. Such forward-looking statements may include but are not limited to, projections or guidance concerning business performance, revenue, earnings, cash flow, the current economic environment, liquidity, strategic decisions and actions, and other financial and operational measures. Statements include our goal for the remainder of the year is to leverage the momentum, increase the recurring revenue base and scale up the AZT PROTECT™ business through our partnership with Rockwell Automation and other distributors and from our robust balance sheet generate sustained growth and profitability.
The Company cautions that numerous factors could cause actual results to differ materially from forward-looking statements made by the Company. Such risks include general economic conditions, market factors, competitive factors and pricing pressures, and others described in the Company's filings with the Securities and Exchange Commission ("SEC"). Please refer to the section on forward-looking statements included in the Company's filings with the SEC.
CONTACT:
CSP Inc.
Gary Levine, 978-954-5040
Chief Financial Officer
CSP INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
|
| December 31, 2024 |
|
| September 30, 2024 |
| ||
|
| (unaudited) |
|
|
|
| ||
Assets |
|
|
|
|
|
| ||
Current assets: |
|
|
|
|
|
| ||
Cash and cash equivalents |
| $ | 30,654 |
|
| $ | 30,585 |
|
Accounts receivable, net |
|
| 14,888 |
|
|
| 14,494 |
|
Financing receivables, net |
|
| 2,478 |
|
|
| 4,384 |
|
Inventories |
|
| 1,955 |
|
|
| 2,293 |
|
Other current assets |
|
| 2,215 |
|
|
| 3,093 |
|
Total current assets |
|
| 52,190 |
|
|
| 54,849 |
|
Financing receivables due after one year, net |
|
| 2,641 |
|
|
| 2,922 |
|
Cash surrender value of life insurance |
|
| 5,623 |
|
|
| 5,589 |
|
Other assets |
|
| 7,069 |
|
|
| 6,076 |
|
Total assets |
| $ | 67,523 |
|
| $ | 69,436 |
|
|
|
|
|
|
|
|
| |
Liabilities and Shareholders' Equity |
|
|
|
|
|
|
|
|
Current liabilities |
| $ | 16,558 |
|
| $ | 18,682 |
|
Pension and retirement plans |
|
| 1,290 |
|
|
| 1,306 |
|
Other non-current liabilities |
|
| 2,219 |
|
|
| 2,178 |
|
Shareholders' equity |
|
| 47,456 |
|
|
| 47,270 |
|
Total liabilities and shareholders' equity |
| $ | 67,523 |
|
| $ | 69,436 |
|
CSP INC. AND SUBSIDIARIES
CONDENSED UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share data)
| Three months ended |
| ||||||
| December 31, |
|
| December 31, |
| |||
| 2024 |
|
| 2023 |
| |||
Sales: |
|
|
|
|
|
| ||
Product |
| $ | 11,015 |
|
| $ | 11,407 |
|
Services |
|
| 4,655 |
|
|
| 3,968 |
|
Total sales |
|
| 15,670 |
|
|
| 15,375 |
|
|
|
|
|
|
|
|
| |
Cost of sales: |
|
|
|
|
|
|
|
|
Product |
|
| 9,119 |
|
|
| 9,228 |
|
Services |
|
| 1,987 |
|
|
| 2,052 |
|
Total cost of sales |
|
| 11,106 |
|
|
| 11,280 |
|
|
|
|
|
|
|
|
| |
Gross profit |
|
| 4,564 |
|
|
| 4,095 |
|
|
|
|
|
|
|
|
| |
Operating expenses: |
|
|
|
|
|
|
|
|
Engineering and development |
|
| 786 |
|
|
| 700 |
|
Selling, general and administrative |
|
| 4,132 |
|
|
| 3,738 |
|
Total operating expenses |
|
| 4,918 |
|
|
| 4,438 |
|
|
|
|
|
|
|
|
| |
Operating loss |
|
| (354 | ) |
|
| (343 | ) |
|
|
|
|
|
|
|
| |
Other income, net |
|
| 711 |
|
|
| 283 |
|
|
|
|
|
|
|
|
| |
Income (loss) before income taxes |
|
| 357 |
|
|
| (60 | ) |
|
|
|
|
|
|
|
| |
Income tax (benefit) expense |
|
| (115 | ) |
|
| 13 |
|
|
|
|
|
|
|
|
| |
Net income (loss) |
| $ | 472 |
|
| $ | (73 | ) |
Net income (loss) attributable to common shareholders |
| $ | 438 |
|
| $ | (73 | ) |
|
|
|
|
|
|
|
| |
Net income (loss) per common share - basic |
| $ | 0.05 |
|
| $ | (0.01 | ) |
Weighted average shares outstanding - basic |
|
| 9,124 |
|
|
| 8,864 |
|
|
|
|
|
|
|
|
| |
Net income (loss) per common share - diluted |
| $ | 0.05 |
|
| $ | (0.01 | ) |
Weighted average shares outstanding net income - diluted |
|
| 9,619 |
|
|
| 8,864 |
|
SOURCE: CSP Inc.
View the original press release on ACCESS Newswire
FAQ
What was CSPi's revenue growth in Q1 2025?
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