Csp Inc - CSPI STOCK NEWS

CSPi has announced the launch of the Myricom ARC-C TxO, a network interface adapter designed for secure unidirectional data transmission, aimed at preventing cyberattacks. This data diode solution enables one-way data flow from secure to non-secure domains, eliminating risks of malware transfer. Deployed in major public cloud and governmental operations, the TxO is essential for industries like pharmaceuticals and energy where secure data monitoring is critical. The low-power and cost-effective design enhances operational security while maintaining high-speed data transmission.

CSP Inc. (NASDAQ: CSPI) reported its fiscal 2021 Q4 results, revealing a 10 million revenue, down from 14.3 million a year ago. Despite this, the company achieved a record backlog of 13 million, marking a 165% year-over-year increase. Gross margin improved to 41.7% in Q4, up from 31%. Net income from continuing operations rose to $353,000 ($0.08 per share) compared to $36,000 ($0.01 per share) last year. Full year revenue decreased to 49.2 million from 61.8 million, but net income for the year was $699,000 ($0.16 per share), up from a net loss of $1.4 million.

CSPi (NASDAQ: CSPI) will release its fiscal fourth quarter and full-year financial results on December 8, 2021, before market opening. The company's President and CEO, Victor Dellovo, along with CFO Gary W. Levine, will host a conference call at 10:00 a.m. ET to discuss the results and provide a business update. Interested parties can access the live webcast via CSPi's Investor Relations section or listen by phone using the provided conference details.

CSPi has announced advancements in its ARIA Cybersecurity Solutions utilizing NVIDIA's BlueField-2 DPU and the DOCA 1.2 software framework. This enables enhanced cyber threat detection capabilities for its ARIA SDS application suite, offering real-time protection against sophisticated malware including ransomware. The ARIA Automated Detection and Response solution leverages DOCA for high-speed analytics, facilitating the rapid identification and containment of cyber attacks. As organizations face increased cybersecurity threats, these innovations provide a robust, scalable defense against data breaches.

CSPi has received a multi-million, multi-site order for its ARIA SDS solution from a national intelligence agency, enhancing network visibility for national security. This solution, designed for high-bandwidth processing, will improve incident detection and response by effectively filtering network traffic. The rollout is scheduled for the second half of 2022, pending supply chain conditions. This strategic deployment underscores ARIA's capabilities in real-time packet analytics, vital for cybersecurity.

CSP Inc. (NASDAQ: CSPI) reported its fiscal 2021 third quarter results, with revenues of $13.7 million, down slightly from $13.8 million year-over-year. Gross profit improved to $4.2 million, representing a 30.7% margin, marking the seventh consecutive quarter of year-over-year margin improvement. The company posted a net loss of $0.4 million, or $0.10 per share. Despite challenges, CSPi secured a multi-million-dollar cloud contract and continues to onboard ARIA ADR customers. The balance sheet remains strong with $19.7 million in cash, supporting its growth strategy.

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.