US Market News
1月前
CSPi Achieves 21.8% Revenue Growth and Profitability for FY 2026 Second QuarterMay 7, 2026 8:00 AM
ACCESS NewswireRising Initial AZT PROTECT Site Deployments Generating System-wide Opportunities to Support Longer Term Growth; Recent Q3 AZT PROTECT Engagements, Technology Solutions Momentum & Continued Services Growth Enhances Second Half Growth PotentialConference Call Today at 10 a.m. ETLOWELL, MA / ACCESS Newswire / May 7, 2026 / CSP Inc. (NASDAQ:CSPI), an award-winning provider of security and packet capture products, managed IT and professional services and technology solutions, today announced 21.8% revenue growth and profitability for the fiscal second quarter ended March 31, 2026. The Company also reported the Board of Directors declared a quarterly dividend of $0.03 per share payable June 15, 2026, to shareholders of record at the close of business on May 21, 2026.Recent Achievements and Operating HighlightsKey customer order fulfillment drove second quarter product revenue growth; similar opportunities are being pursued during the second half of the fiscal year.In April, deployed AZT PROTECT to more than two dozen sites of global cement manufacturer; customer evaluating AZT PROTECT for sites outside the U.S.Increased pace of Land and Expand single-site AZT PROTECT engagements creating expanded opportunities for customer deployments in the second half of the fiscal year."We had a solid quarter as revenue increased over 21% lead by our U.S. Technology Solutions business, and we have carried this business momentum into the first month of our fiscal third quarter," commented Victor Dellovo, Chief Executive Officer. "As a result of our second quarter, and current trends, we believe we could achieve full year growth compared to fiscal 2025. Our TS business continues to lead our progress, and a primary factor behind this market driver has been the growing complexity of the cloud and the unique and specific needs of each enterprise. At the same time, our services business continued to grow due to our best-in-class service and extremely high customer retention rate, which contributes to realizing higher gross margins within the service segment."We are generating positive trends with the AZT PROTECT offering and continue to execute an increasingly successful land and expand strategy to leverage the market opportunity for our unique cyber-security solutions. During the quarter we doubled the number of new initial site customers over the prior year period. At the beginning of the third quarter, we added a new customer who is deploying AZT at more than two dozen manufacturing sites around the U.S. We continue to work with our strategic partners and distributors on additional multi-site deployments across key markets, including steel, energy, manufacturing, water utilities, pharmaceutical, food, and telecommunications industries."Half-way through our fiscal year, we are where we expected to be and are on track to generate growth during the second half of the year. Our cloud and managed services business will remain the drivers of our growth, with AZT PROTECT positioned to make a growing contribution."Fiscal 2026 Second Quarter ResultsRevenue for the fiscal second quarter ended March 31, 2026, was $16.0 million compared to revenue of $13.1 million for the fiscal second quarter ended March 31, 2025. Product revenue grew 30% to $11.1 million while service revenue grew 6.6% to $4.9 million. Gross profit for the three months ended March 31, 2026, increased slightly to $4.5 million compared to $4.2 million. Gross margin for the fiscal second quarter ended March 31, 2026, was 27.9% of sales compared to the year ago fiscal second quarter gross margin of 32%, due to the higher proportion of product revenue.After recording a income tax benefit for the quarter of $568,000, the Company generated net income of $264,000, or $0.03 per share. During the prior year quarter, the Company reported an income tax benefit of $683,000 and a net loss of $(108,000), or $(0.01) per share.The Company's balance sheet remained robust, and as of March 31, 2026, had cash and cash equivalents of $23.1 million, after providing financing to several customers. The strong balance sheet continues to provide the Company with the necessary resources to execute its growth strategies for growing the managed services business and building AZT PROTECT deployments.Fiscal Year 2026 Six Month ResultsRevenue for the fiscal six months ended March 31, 2026, was $28.0 million compared with revenue of $28.8 million in prior year period. Gross profit for the fiscal six months ended March 31, 2026, was $9.2 million, or 32.8% of sales compared with $8.8 million, or 30.4% of sales. The Company reported net income of $355,000, or $0.04 per share in the fiscal six months ended March 31, 2026, compared with net income of $364,000, or $0.04 per share for the fiscal six months ended March 31, 2025.Conference Call DetailsCSPi 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 l https://www.webcaster5.com/Webcast/Page/2912/53998. Individuals also may listen to the call via telephone, by dialing 973-528-0016 or 877-545-0523 and use the Participant Access Code: 867325 when greeted by the live operator. A replay of the webcast will be available for approximately one year on the CSPi website.About CSPiCSPi (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 HarborThe Company cautions that numerous factors could cause actual results to differ materially from forward-looking statements made by the Company. Such risks include current trends, we believe we could achieve full year growth compared to fiscal 2025, we are where we expected to be and are on track to generate growth during the second half of the year and our cloud and managed services business will remain the drivers of our growth, with AZT PROTECT positioned to make making a growing contribution." Please refer to the section on forward-looking statements included in the Company's filings with the SEC.CSP INC. AND SUBSIDIARIES
CONDENSED UNAUDITED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands) March 31, 2026 September 30, 2025 Assets Current assets: Cash and cash equivalents $23,101 $27,418 Accounts receivable, net 13,550 12,000 Financing receivables, net 7,730 8,939 Inventories 1,546 1,442 Other current assets 3,117 2,521 Total current assets 49,044 52,320 Financing receivables due after one year, net 8,631 5,965 Cash surrender value of life insurance 5,988 5,845 Other assets 6,654 7,033 Total assets $70,317 $71,163 Liabilities and Shareholders' Equity Current liabilities $18,560 $22,183 Pension and retirement plans 1,184 1,219 Other non-current liabilities 5,554 3,210 Shareholders' equity 45,019 44,551 Total liabilities and shareholders' equity $70,317 $71,163 CSP INC. AND SUBSIDIARIES
CONDENSED UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share data) Three months ended Six months ended March 31 March 31 March 31 March 31 2026 2025 2026 2025 Sales: Product $11,113 $8,552 $17,814 $19,567 Services 4,899 4,595 10,234 9,250 Total sales 16,012 13,147 28,048 28,817 Cost of sales: Product 9,398 6,879 14,680 15,998 Services 2,142 2,061 4,161 4,048 Total cost of sales 11,540 8,940 18,841 20,046 Gross profit 4,472 4,207 9,207 8,771 Operating expenses: Engineering and development 818 763 1,676 1,549 Selling, general and administrative 4,505 4,438 8,494 8,570 Total operating expenses 5,323 5,201 10,170 10,119 Operating loss (851) (994) (963) (1,348) Other income, net 547 203 1,030 914 (Loss) income before income taxes (304) (791) 67 (434) Income tax benefit (568) (683) (288) (798) Net income (loss) $264 $(108) $355 $364 Net income (loss) attributable to common shareholders $255 $(108) $339 $341 Net income (loss) per common share - basic $0.03 $(0.01) $0.04 $0.04 Weighted average shares outstanding - basic 9,552 9,343 9,461 9,232 Net income (loss) per common share - diluted $0.03 $(0.01) $0.04 $0.04 Weighted average shares outstanding net income - diluted 9,713 9,343 9,662 9,614 CONTACT:CSP Inc.
Gary Levine, 978-954-5040
Chief Financial OfficerSOURCE: CSP Inc.View the original press release on ACCESS NewswireOriginal: CSPi Achieves 21.8% Revenue Growth and Profitability for FY 2026 Second Quarter
US Market News
2月前
Service Provider Deploys ARIA Cybersecurity's ADR & AZT PROTECT(TM) Solution to Protect Its AI Cloud-Based Service InfrastructureMarch 31, 2026 8:00 AM
ACCESS NewswireLOWELL, MA / ACCESS Newswire / March 31, 2026 / ARIA Cybersecurity, a CSPi business (NASDAQ:CSPi), announced its first deployment of AZT PROTECT™ and ADR across an entire cloud-based services' production infrastructure.A leader in cloud-based commercial content automation services deployed AZT PROTECT in combination with ARIA ADR as a managed service to lock down and protect their operations' critical applications, processes, and infrastructure from attacks.This provider specializes in business process automation with a focus on simplifying content-based processes. Not only allowing these to become automated but applying the use of their AI to improve the information generated, for increased productivity, and more valuable services.This is where ARIA comes in - to secure this provider's infrastructure and their critical processes. ARIA leverages its ADR and AZT solutions combined to monitor and protect the entire environment, freeing up provider staff to focus on advancing their valuable service offerings."Working with the ARIA team has been a great experience. They continuously monitor all our surfaces to stop threats in the infrastructure with ADR and with AZT, lock down critical processes," said the Director of IT. "We sailed through our ISO and other security audits thanks to the information and reporting provided by the solution. Not only is ARIA's technology great, but it's also the responsiveness of the staff that we know we can rely on.""We are grateful to be a trusted vendor for this AI-based service provider," said Gary Southwell, President of ARIA Cybersecurity. "They were able to rapidly deploy both ADR and AZT across their entire environment, allowing them to rapidly scale while staying secure. The ARIA SoC team monitors the entire solution continuously so that staff can focus on building out their production infrastructure that is enabling their rapid growth."ARIA's ADR solution provides a means to continuously monitor the entire cloud infrastructure, including monitoring all internal traffic, all device-level logs, and cloud service infrastructure alert output to substantially improve threat detection and surgically disrupt cyberattacks and data exfiltration. ARIA' AZT protects at the critical process level. Stopping application-level attacks and reporting what has happened up through the ADR system that can correlate and report what is happening from a single screen, simplifying the work and increasing the speed of the SoC team to respond, as well as providing the required compliance reporting.To learn more about ARIA ADRTo learn more about ARIA AZT PROTECTAbout ARIA CybersecurityARIA Cybersecurity, a business of CSPi Inc. (NASDAQ: CSPI), recognizes that better, stronger, more effective cybersecurity starts with a smarter approach. Our solutions provide new ways for organizations to protect their most critical assets-they can shield their critical applications from attack with our AZT PROTECT 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. Customers in a range of industries rely on our solutions to protect their most critical assets and applications-no matter where they are stored, used, or accessed. Learn more at ARIACybersecurity.com.ARIA Cybersecurity Media ContactGary Southwellinfo@ariacybersecurity.comSOURCE: CSP, Inc.View the original press release on ACCESS NewswireOriginal: Service Provider Deploys ARIA Cybersecurity's ADR & AZT PROTECT(TM) Solution to Protect Its AI Cloud-Based Service Infrastructure
US Market News
3月前
CSPi Enhances Board of Director Capabilities with Addition of Cybersecurity ExpertMarch 17, 2026 9:45 AM
ACCESS NewswireCompany Plans to Leverage Proven Success within Operational Technology (OT) Market to Accelerate Adoption of AZT PROTECTLOWELL, MA / ACCESS Newswire / March 17, 2026 / CSPi (NASDAQ:CSPI), an award-winning provider of security and packet capture products, managed IT and professional services and technology solutions, yesterday announced that James J. LaBonty, a cybersecurity industry veteran, has been appointed as a director of the Company. Mr. LaBonty will serve on the nominating committee and compensation committee of the Board of Directors and will be standing for re-election at the Company's 2027 Annual Meeting of Stockholders, which is expected to be held in February 2027.Mr. Labonty, who has over 30 years of Process Automation, Operational Technology (OT) Cybersecurity, Manufacturing Execution System (MES) and Integrated System Architect experience, will be invaluable as the Company continues to raise awareness of its award-winning AZT PROTECT offering. Mr. LaBonty currently serves as Chief Executive Officer of OT Cyber Specialists, LLC, a consulting firm focusing on protecting critical infrastructure from cyber threats in the manufacturing, energy, utilities, and transportation sectors. Prior to this role, from 2010 to 2022, he was employed by Pfizer Inc. as Director, Pfizer Global Engineering leading Pfizer's process automation group, where he was responsible for leading strategy, global standards, global supplier/ vendor contracts and SME guidance & direction to Pfizer global manufacturing sites, as well as fostering team and network collaborations with Pfizer IT, center groups and site automation team colleagues."I believe the addition of Jim to our Board, which coincides with the increased traction we are experiencing for our highly differentiated and award-winning AZT PROTECT cybersecurity solution, is an opportune time to strengthen our core competency within the OT workplace," commented Victor Dellovo, President and CEO. "With over three decades of work-related expertise, James' reputation within the cybersecurity market is well-earned and I am looking forward to working with him and leveraging his expertise to accelerate the adoption of AZT PROTECT."About CSPiCSPi (NASDAQ:CSPI) operates in two divisions, each with unique expertise in designing and implementing technology solutions to help their customers use technology to success. The High Performance Product division, including ARIA Cybersecurity Solutions, originated from supporting initiatives for the Department of Defense and Western intelligence agencies related to network monitoring, data protection, and intelligence initiatives. This focused mindset now results in foolproof data protection, enterprise wide. Our ARIA Software Defined Security solutions set provides enhanced network security, as well as accelerating incident response capabilities, while our Myricom nVoy Series provide automated breach identification and notification, enabled by the 10G dropless packet capture inherent in our Myricom intelligent adapters. 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.CONTACT:CSP Inc.
Gary Levine, 978-954-5040
Chief Financial OfficerSOURCE: CSP Inc.View the original press release on ACCESS NewswireOriginal: CSPi Enhances Board of Director Capabilities with Addition of Cybersecurity Expert
US Market News
3月前
ARIA Cybersecurity Announces Major Oil Refiner Deploys AZT PROTECT(TM)February 24, 2026 8:00 AM
ACCESS NewswireARIA's AZT PROTECT™ protects a major US oil refiner from attacks while locking down critical systems from production disruptionsLOWELL, MASSACHUSETTS / ACCESS Newswire / February 24, 2026 / ARIA Cybersecurity, a CSPi business (NASDAQ:CSPi) announced its first deployment within a major US Oil refiner's critical OT infrastructure.A major oil refiner was struggling to keep critical infrastructure protected:Critical applications had to remain fully protectedThe potential disruption to production costs is $100,000's an hourCritical infrastructure services needed to stay locked down from disruptive updates and available 24x7The crew managing the legacy cyber protection systems needed a simpler more automated approach to reduce production disruption due to false positives.Out of support critical applications - no longer getting security patches, are too costly to upgrade - if there is no justifiable bottom-line ROI.ARIA's AZT PROTECT solution was the only solution that solved these challenges with an affordable, simple-to-deploy, and fully automated protection solution.What further set ARIA AZT PROTECT apart:ARIA demonstrated how it keeps critical applications protected and never needs updates from the Internet - reducing the risk.ARIA demonstrated how AZT's patented approach can protect against vulnerability exploit attacks that up until now the industry could only rely on vendor patches to stop.Thereby extending the life of systems their vendor's had stopped patching - pushing off multi-million-dollar upgrade programs which are complex, lengthy and disrupt production as they are phased in."We were surprised when we put in the ARIA AZT solution," said the Director of Operations. "It more than met our expectations due to how easy it was to deploy and operate. We don't have to keep watching for false positives the way we did with our prior endpoint protection system. We are looking forward to the potential savings - in the refining business, cutting down production disruptions and putting off forced upgrades ends up going right to the bottom line.""We are pleased to have been given a chance to prove our value to protect this important market that provides critical services to powering the US economy, Said Gary Southwell, President of ARIA Cybersecurity."AZT PROTECT provides a lock-down approach to protecting critical infrastructure applications from unintended updates as well as attacks such as stopping all forms of malware, ransomware, and nation-state backed attacks on these applications and the operating systems on which they run. In addition, AZT stops code-based exploits that previously had to be stopped by OS or application-based security patches, thus extending the useful life of such legacy system-based production systems - once such patches are no longer provided by the vendor(s).The solution utilizes patented reactive AI-based countermeasures to stop the attacks as they land on an operation's most vulnerable critical production control systems. These countermeasures lock down critical applications from unscheduled updates and adulteration while stopping code-based attacks, such as malware and ransomware, from executing. Further, they disrupt the techniques nation-state-backed attackers utilize to land, expand, and then escalate privileges to take control of such systems.To learn more about the capabilities between Acronis and ARIA's AZT PROTECT, visit: www.ariacybersecurity.com/aria-azt-protect/About ARIA CybersecurityARIA Cybersecurity, a business of CSPi Inc. (NASDAQ:CSPI), recognizes that better, stronger, more effective cybersecurity starts with a smarter approach. Our solutions provide new ways for organizations to protect their most critical assets-they can shield their critical applications from attack with our AZT PROTECT 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. Customers in a range of industries rely on our solutions to protect their most critical assets and applications-no matter where they are stored, used, or accessed. Learn more at ARIACybersecurity.com.ARIA Cybersecurity Media Contact
Gary Southwell
info@ariacybersecurity.comSOURCE: CSP, Inc.View the original press release on ACCESS NewswireOriginal: ARIA Cybersecurity Announces Major Oil Refiner Deploys AZT PROTECT(TM)
US Market News
4月前
CSPi Reports 14.6% Services Revenue Growth, Significantly Expands Gross Margin and Generates FY 2026 First Quarter ProfitFebruary 12, 2026 8:30 AM
ACCESS NewswireStrong Customer Retention & New Customers Drive Technology Solutions BusinessNew Customers Signed for AZT PROTECT as Existing Customers Add Additional SitesConference Call Today at 10 a.m. ETLOWELL, MA / ACCESS Newswire / February 12, 2026 / 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, including total gross margin of 39.3%, for the fiscal first quarter ended December 31, 2025. The Company also announced that the Board of Directors declared a quarterly dividend of $0.03 per share payable March 12, 2026, to shareholders of record at the close of business on February 26, 2026.Recent Achievements and Operating HighlightsFiscal first quarter services revenue increased 14.6% as the Company achieved solid customer retention and acquisition to start the fiscal year.Fiscal first quarter gross margin increased more than 10%, reflecting the Company's continued growth of higher margin service revenue.Proof of Concept (PoC) single-site AZT PROTECT engagements proved to be successful as several customers signed orders to expand site deployment since the beginning of fiscal 2026 while the sales pipeline continued to expand."We had an encouraging start to the year and the progress we made across our businesses during the quarter positions us favorably for the next three quarters," commented Victor Dellovo, Chief Executive Officer. "While our services revenue grew 14.6% over the same prior year period, our product revenue comparison was impacted by several large, one-time orders during the first quarter of fiscal year 2025. At the beginning of this fiscal year, we devoted more resources to further drive our services revenue performance and these investments are already contributing to growth. Our service revenue generates significantly higher gross margin than our product revenue and the first quarter growth led to our overall significant gross margin increase. Our managed services practice performed well and the number of customers we added in the fiscal first quarter was among the highest in terms of net new engagements to kick-off the year, raising our full year optimism for the overall TS business.""We are also generating positive developments within the AZT PROTECT offering as we added several new initial site customers during the fiscal first quarter. While the revenue contribution from these initial deployments is small, it aligns with our overall strategy to get a foot in the door to prove ourselves and drive revenue. This initiative has begun to bear fruit as we increased orders from existing customers and we now have several enterprises deploying AZT PROTECT at more than one location. We are focused on driving expansion of AZT PROTECT deployment through our distribution partners and further deepen our customer engagements as we move through the year, ensuring that our best-of-class AZT PROTECT is protecting the most sensitive infrastructures, including power and water. We believe the solution remains unmatched in its effectiveness to stop otherwise unprotected attacks on critical operating systems throughout the world."Fiscal 2025 Fourth Quarter ResultsRevenue for the fiscal first quarter ended December 31, 2025 was $12.0 million compared to revenue of $15.7 million for the fiscal first quarter ended December 31, 2024. The year-ago fiscal first quarter included several one-time customer contracts totaling over $4.5 million of revenue recognized, and while the Company is pursuing similar sized transactions, the timing of these very from quarter to quarter.Despite the revenue decline, gross profit for the three months ended December 31, 2025 increased slightly to $4.7 million compared to $4.6 million in the prior year, demonstrating the Company's continued focus on higher margin products and services. Gross margin for the fiscal first quarter ended December 31, 2025, was 39.3% of sales, increasing more than 10% compared to 29.1% of sales for the year ago fiscal first quarter, primarily due to the higher proportion of services revenue. The Company reported net income of $91 thousand, or $0.01 per diluted common share for the fiscal first quarter, compared to net income of $472 thousand, or $0.05 per diluted common share for the prior fiscal year first quarter.The Company's balance sheet remained robust, and as of December 31, 2025, had cash and cash equivalents of $24.9 million, providing the Company the necessary resources to execute its growth strategies for managed services and the AZT PROTECT offering.Conference Call DetailsCSPi 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.webcaster5.com/Webcast/Page/2912/53620. Individuals also may listen to the call via telephone, by dialing 973-528-0011 or 888-506-0062 and use the Participant Access Code: 482107 when greeted by the live operator. A replay of the webcast will be available for approximately one year on the CSPi website.About CSPiCSPi (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 HarborThe 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. Generally, the use of words such as "expect," "intend," "estimate," "believe," "anticipate," "will," "forecast," "outlook", "plan," "project," or similar words identify forward-looking statements that we intend to be included within the safe harbor protections provided by the federal securities laws. However, these words are not the exclusive means of identifying such statements. Although we believe that our plans, intentions, and other expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that we will achieve those plans, intentions, or expectations. All forward-looking statements are subject to risks and uncertainties that may cause actual results or events to differ materially from those that we expected.Important factors that could cause actual results or events to differ materially from our expectations, or cautionary statements, are disclosed under "Part I. Item 1A. - Risk Factors" included in our most recent Annual Report on Form 10-K and from time to time in our subsequent Quarterly Reports on Form 10-Q and our other US Securities and Exchange Commission ("SEC") filings and public communications.All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by those cautionary statements as well as other cautionary statements that are made from time to time in our other SEC filings and public communications. You should evaluate all forward-looking statements made in this report in the context of these risks and uncertainties.We caution you that the important factors referenced above may not reflect all of the factors that could cause actual results or events to differ from our expectations. In addition, we cannot assure you that we will realize the results or developments we expect or anticipate or, even if substantially realized, that they will result in the consequences or affect us or our operations in the way we expect. The forward-looking statements included in this report are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.CONTACT:CSP Inc.
Gary Levine, 978-954-5040
Chief Financial OfficerCSP INC. AND SUBSIDIARIESCONDENSED UNAUDITED CONSOLIDATED BALANCE SHEETS(Amounts in thousands) December 31, 2025 September 30, 2025 Assets Current assets: Cash and cash equivalents $24,928 $27,418 Accounts receivable, net 11,786 12,000 Financing receivables, net 7,714 8,939 Inventories 2,366 1,442 Other current assets 2,362 2,521 Total current assets 49,156 52,320 Financing receivables due after one year, net 7,424 5,965 Cash surrender value of life insurance 5,877 5,845 Other assets 6,697 7,033 Total assets $69,154 $71,163 Liabilities and Shareholders' Equity Current liabilities $17,856 $22,183 Pension and retirement plans 1,202 1,219 Other non-current liabilities 5,286 3,210 Shareholders' equity 44,810 44,551 Total liabilities and shareholders' equity $69,154 $71,163 CSP INC. AND SUBSIDIARIESCONDENSED UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS(Amounts in thousands, except per share data ) Three months ended December 31, December 31, 2025 2024 Sales: Product $6,701 $11,015 Services 5,335 4,655 Total sales 12,036 15,670 Cost of sales: Product 5,282 9,119 Services 2,019 1,987 Total cost of sales 7,301 11,106 Gross profit 4,735 4,564 Operating expenses: Engineering and development 858 786 Selling, general and administrative 3,989 4,132 Total operating expenses 4,847 4,918 Operating loss (112) (354) Other income, net 483 711 Income before income taxes 371 357 Income tax expense (benefit) 280 (115) Net income $91 $472 Net income attributable to common shareholders $86 $438 Net income per common share - basic $0.01 $0.05 Weighted average shares outstanding - basic 9,442 9,124 Net income per common share - diluted $0.01 $0.05 Weighted average shares outstanding net income - diluted 9,683 9,619 SOURCE: CSP, Inc.View the original press release on ACCESS NewswireOriginal: CSPi Reports 14.6% Services Revenue Growth, Significantly Expands Gross Margin and Generates FY 2026 First Quarter Profit