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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 (NASDAQ: CSPI) plans to release its fiscal third quarter financial results on August 11, 2021, before market opening.
The call will be hosted by President and CEO Victor Dellovo and CFO Gary W. Levine at 10:00 a.m. ET, providing a review of the financials and a business update.
Investors can access the live webcast on the company's website or by telephone. A replay of the webcast will be available for one year.
CSP Inc. (NASDAQ: CSPI) reported its fiscal 2021 second-quarter results, revealing revenue of $14.1 million, a 24% increase from the first quarter but a decline from the prior year's $16.9 million. The gross margin improved by 4 percentage points to 31% of sales, attributed to a favorable revenue mix. Despite a net loss of $0.8 million or $(0.20) per share, the company noted strong customer engagement and emerging opportunities in cybersecurity. Cash and equivalents stood at $20.4 million as of March 31, 2021, reflecting a $0.5 million increase from the previous quarter.
CSPi has announced that ARIA Cybersecurity Solutions has joined the HPE OEM partner program. This collaboration will allow ARIA to offer its Myricom SmartNICs and ARIA Software Defined Security applications on HPE ProLiant servers. The partnership aims to enhance data-intensive applications, providing solutions for network monitoring, cyber-attack detection, and policy enforcement. By utilizing SmartNIC technology, organizations can significantly reduce power consumption and costs, improving their cybersecurity posture.
CSPi (NASDAQ: CSPI) will release its fiscal second quarter financial results on May 11, 2021, before market opening. This announcement was made by President and CEO Victor Dellovo and CFO Gary W. Levine. A conference call is scheduled for 10:00 a.m. ET the same day to discuss the results and provide business updates. The call will be accessible via a live webcast on the company's website, and a replay will be available for approximately one year.
CSPi (NASDAQ: CSPi) announced that its ARIA Cybersecurity Solutions will utilize the NVIDIA Morpheus framework to enhance their Software Defined Security (SDS) applications. This partnership aims to improve cyber-attack detection and response capabilities, leveraging AI and machine learning on real-time network traffic analytics. The ARIA Advanced Detection and Response (ADR) and Packet Intelligence (PI) solutions will now extend their capabilities to edge cloud environments, enabling service providers to handle data-intensive applications effectively.
CSPi has launched Machine Vision Acceleration (MVA) 2.0 software, compatible with the GigE Vision 2.1 standard, designed for high-speed imaging applications across various industries. MVA 2.0 works seamlessly with Myricom SmartNIC, providing a cost-effective solution that enables full 10 GbE wire-rate support for multiple cameras. With minimal CPU usage, a single server can handle up to eight 10GigE Vision cameras. This advancement in image processing enhances operational efficiency in sectors such as industrial imaging and military contracting.
CSP Inc. (NASDAQ: CSPI) reported its fiscal first quarter 2021 results, showing revenue of $11.4 million, down from $16.9 million year-over-year. The company achieved a gross profit of $3.4 million, reflecting a gross margin increase of 5.8 percentage points at 29.7%. Net income reached $1.2 million, or $0.27 per share, compared to a net loss of $0.5 million the previous year. The rise in interest for the ARIA Advanced Detection and Response solution post-cyber-attacks signals growth potential. The company maintains a strong balance sheet with $19.9 million in cash to support growth strategies.
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