CSP Inc.
Description
CSP Inc. develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries. This segment also offers professional IT consulting services, such as planning, designing, assessment, implementation, migration, optimization, and project management; storage and virtualization solutions; enterprise security intrusion prevention, network access control, and unified threat management services; and IT security compliance services. In addition, this segment provides unified communications, wireless, and routing and switching solutions; custom software applications and solutions development and support services; optimization, maintenance, and technical support services; and managed IT services, such as monitoring, reporting, and management of alerts for the resolution and preventive general IT, as well as IT security support tasks. Further, this segment offers managed and cloud services, such as proactive monitoring and remote management of IT infrastructure, managed and hosted unified communication services, security, and backup and replication. The High Performance Products segment offers ARIA Software-Defined Security, a cybersecurity solution; ARIA Zero Trust PROTECT that stopping the attacks that are used to attack critical infrastructure applications; Myricom network adapters; and multicomputer products for digital signal processing applications in the defense markets. CSP Inc. was incorporated in 1968 and is headquartered in Lowell, Massachusetts.
About
CEO
Mr. Victor J. Dellovo
Employees
112
Instrument type
Common Stock
Sector
Technology
Industry
Information Technology Services
MIC code
XNMS
Address
175 Cabot Street, Lowell, MA 01854, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Dec 18, 2025 | — | — | — | — |
| Aug 11, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Feb 12, 2025 | — | — | — | — |
| Feb 8, 2023 | — | 0.21 | — | — |
Earnings estimate
| Number of analysts | — | — | — | — |
|---|---|---|---|---|
| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
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Next qtr.
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Next year
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 |
| Total reported revenue | 55.22M | 64.65M | 54.36M | 49.21M | 61.79M |
| Cost of revenue | 36.36M | 42.73M | 35.53M | 33.06M | 44.63M |
| Gross profit | 18.86M | 21.92M | 18.83M | 16.15M | 17.17M |
| Operating expense | |||||
| Research & development | 2.96M | 3.14M | 3.08M | 2.89M | 2.80M |
| Selling general and admin | 17.77M | 16.91M | 15.78M | 14.62M | 15.79M |
| Other operating expenses | — | — | — | — | — |
| Operating income | -1.87M | 1.87M | -40,000 | -1.36M | -1.42M |
| Non operating interest income | |||||
| Income | 2.05M | 1.46M | 650,000 | 575,000 | 582,000 |
| Expense | 235,000 | 262,000 | 360,000 | 350,000 | 228,000 |
| Other income expense | -359,000 | 1.67M | 1.69M | 1.82M | 8,000 |
| Pretax income | -419,000 | 4.74M | 1.94M | 678,000 | -1.06M |
| Tax provision | -93,000 | -469,000 | 50,000 | 444,000 | 384,000 |
| Net income | -326,000 | 5.20M | 1.89M | 699,000 | -1.45M |
| Basic EPS | — | 0.56 | 0.21 | 0.08 | -0.18 |
| Diluted EPS | — | 0.55 | 0.21 | 0.08 | -0.18 |
| Basic average shares | — | 8.76M | 8.52M | 8.30M | 8.06M |
| Diluted average shares | — | 8.76M | 8.52M | 8.30M | 8.06M |
| EBITDA | 1.05M | 4.37M | 1.54M | 356,000 | -380,000 |
| Net income from continuing op. | -326,000 | 5.20M | 1.89M | 699,000 | -1.45M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | 320,000 | 100,000 | 33,000 | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 |
| Total assets | 69.44M | 65.90M | 75.06M | 62.97M | 53.65M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 30.59M | 25.22M | 23.98M | 20.01M | 19.26M |
| Other short term investments | — | — | 17,000 | 68,000 | 336,000 |
| Accounts receivable | 14.49M | 12.96M | 22.99M | 18.70M | 13.36M |
| Other receivables | 4.38M | 7.17M | 17,000 | 68,000 | — |
| Inventory | 2.29M | 2.54M | 4.37M | 3.99M | 5.29M |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 3.09M | 2.48M | 7.04M | 4.62M | 2.54M |
| Non current assets | |||||
| Properties | 9.30M | 9.59M | 10.00M | 10.07M | 10.62M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 194,000 | 194,000 | 116,000 | 116,000 | 116,000 |
| Construction in progress | — | — | — | — | — |
| Leases | 224,000 | 224,000 | 224,000 | 224,000 | 224,000 |
| Accumulated depreciation | -8.80M | -8.52M | -8.54M | -8.28M | -7.90M |
| Goodwill | 50,000 | 46,000 | 10,000 | 19,000 | 28,000 |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 50,000 | 46,000 | 10,000 | 19,000 | 28,000 |
| Investments and advances | — | — | 3,000 | 15,000 | 81,000 |
| Other non current assets | 11.42M | 12.05M | 12.69M | 11.80M | 8.89M |
| Total liabilities | 22.17M | 19.76M | 36.10M | 28.93M | 24.11M |
| Current liabilities | |||||
| Accounts payable | 9.26M | 6.72M | 19.24M | 11.27M | 5.60M |
| Accrued expenses | 917,000 | 836,000 | 850,000 | 672,000 | 781,000 |
| Short term debt | 4.55M | 2.47M | 4.11M | 2.31M | 4.14M |
| Deferred revenue | 2.17M | 1.90M | 4.06M | 1.89M | 947,000 |
| Tax payable | 363,000 | 1.68M | 211,000 | 136,000 | 161,000 |
| Pensions | 1.42M | 2.06M | 1.72M | 1.54M | 1.35M |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 117,000 | 482,000 | 1.07M | 1.70M | 3.88M |
| Provision for risks and charges | 447,000 | 513,000 | 462,000 | 524,000 | 586,000 |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 1.61M | 1.85M | 3.05M | 4.78M | 202,000 |
| Shareholders equity | |||||
| Common stock | 98,000 | 94,000 | 46,000 | 45,000 | 43,000 |
| Retained earnings | 29.85M | 31.31M | 26.77M | 25.19M | 24.49M |
| Other shareholders equity | -5.37M | -6.09M | -7.33M | -9.45M | -12.00M |
| Total shareholders equity | 47.27M | 46.15M | 38.96M | 34.05M | 29.53M |
| Additional paid in capital | 22.69M | 20.84M | 19.48M | 18.26M | 16.99M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||
| Net Income | -326,000 | 5.20M | 1.89M | 699,000 | -1.45M | -371,000 | -2.40M | 2.51M | 2.60M | -210,000 | 1.33M | 368,000 | 6.61M | 369,000 | 914,000 | -3.78M | -407,000 | 4.05M | 1.98M | 753,000 | 1.21M | -1.38M | -5.66M | -2.89M | 675,000 | 1.30M | 1.40M | -700,000 | 100,000 | 400,000 | 1.70M | 2.00M | 1.70M |
| Depreciation | 794,000 | 931,000 | 935,000 | 1.04M | 452,000 | 416,000 | 625,000 | 485,000 | 699,000 | 646,000 | 634,000 | 520,000 | 460,000 | 483,000 | 512,000 | 579,000 | 567,000 | 655,000 | 578,000 | 596,000 | 562,000 | 755,000 | 837,000 | 964,000 | 1.39M | 1.20M | 1.50M | 1.70M | 1.00M | 800,000 | 700,000 | 700,000 | 600,000 |
| Deferred Taxes | -387,000 | -2.35M | — | 1.15M | 797,000 | -209,000 | 173,000 | 24,000 | -18,000 | 2,000 | -98,000 | 600,000 | -2.86M | 179,000 | -360,000 | -964,000 | 140,000 | 1.66M | -1.34M | 183,000 | 470,000 | 291,000 | 2.67M | -318,000 | -387,000 | 400,000 | -900,000 | -500,000 | -200,000 | — | -100,000 | -100,000 | — |
| Stock-Based Compensation | 1.58M | 1.13M | 979,000 | 981,000 | 982,000 | 792,000 | 691,000 | 577,000 | 414,000 | 375,000 | 361,000 | 149,000 | 92,000 | 169,000 | 223,000 | 265,000 | 301,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -180,000 | -130,000 | -1.22M | -176,000 | 1.03M | 422,000 | 526,000 | 128,000 | 839,000 | 10,000 | -189,000 | -39,000 | 1.04M | -70,000 | -8,000 | 41,000 | -3,000 | 97,000 | 271,000 | — | — | — | — | — | — | — | — | -100,000 | — | — | -100,000 | — | -100,000 |
| Accounts Receivable | 2.49M | 7.09M | -3.55M | -10.10M | 3.12M | -6.62M | 4.28M | -3.28M | -377,000 | -7.87M | 841,000 | 541,000 | -1.25M | -1.15M | -4.91M | 3.86M | -472,000 | 173,000 | -3.31M | 216,000 | -1.58M | -1.34M | 1.29M | 1.26M | 554,000 | 300,000 | 900,000 | 2.00M | -200,000 | 1.20M | -2.20M | -1.40M | 1.00M |
| Accounts Payable | 1.38M | -11.65M | 8.71M | 5.73M | -8.03M | 7.23M | -2.54M | 5.21M | -1.65M | 4.46M | -656,000 | -3.25M | 1.60M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -1.20M | 1.83M | -3.39M | 4.18M | 3.44M | -4.84M | -2.71M | -1.10M | 2.14M | 16,000 | -960,000 | 1.45M | 483,000 | -501,000 | 1.22M | 743,000 | -3.62M | 2.47M | -4.53M | 118,000 | -549,000 | -603,000 | 2.06M | -1.34M | 1.52M | -1.10M | 1.40M | -200,000 | -100,000 | 1.10M | -1.50M | -300,000 | 800,000 |
| Operating Cash Flow | 4.15M | 2.06M | 4.36M | 3.49M | 336,000 | -3.17M | -1.35M | 4.55M | 4.65M | -2.57M | 1.27M | 339,000 | 6.18M | -521,000 | -2.41M | 744,000 | -3.50M | 9.11M | -6.35M | 1.87M | 111,000 | -2.28M | 1.19M | -2.32M | 3.75M | 2.10M | 4.30M | 2.20M | 600,000 | 3.50M | -1.50M | 900,000 | 4.00M |
| Investing Activities | |||||||||||||||||||||||||||||||||
| Capital Expenditures | -196,000 | -226,000 | -232,000 | -96,000 | -230,000 | -832,000 | -438,000 | -207,000 | -735,000 | -724,000 | -584,000 | -841,000 | -551,000 | -339,000 | -483,000 | -402,000 | -436,000 | -520,000 | -552,000 | -131,000 | -821,000 | -464,000 | -488,000 | 2.49M | -805,000 | 17.20M | -700,000 | -1.10M | -1.10M | -1.00M | -800,000 | -800,000 | -500,000 |
| Net Intangibles | -10,000 | -51,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | -500,000 | — | — | — | — | — | -2.44M | — | — | — | — | -3.29M | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | -3.53M | — | — | — | -144,000 | -150,000 | -150,000 | -161,000 | -193,000 | -170,000 | -200,000 | -143,000 | -143,000 | -1.22M | -124,000 | -16.70M | -11.33M | -1.99M | -3.51M | -406,000 | -15.34M | -28.54M | -47.77M | -36.88M | -19.10M | -52.30M | -198.80M | -188.90M | -159.10M | -130.00M | -104.80M | -107.40M |
| Sale of Investments | — | 3.53M | — | — | — | — | — | — | — | — | — | — | — | — | 1.10M | 5.00M | 19.24M | 5.81M | 3.04M | 3.47M | 2.40M | 20.07M | 28.48M | 45.16M | 35.75M | — | 48.30M | 199.30M | 189.20M | 159.70M | 129.50M | 105.60M | 108.20M |
| Investing Cash Flow | -246,000 | -290,000 | 20,000 | -166,000 | -345,000 | -1.12M | -738,000 | -507,000 | -1.06M | -1.11M | -1.42M | -1.24M | -837,000 | -482,000 | -607,000 | 4.47M | -487,000 | -5.59M | 374,000 | -300,000 | 1.05M | 984,000 | -542,000 | -127,000 | -1.94M | -1.80M | -4.80M | -8.60M | -900,000 | — | -2.50M | — | 200,000 |
| Financing Activities | |||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | 4.22M | 1.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -427,000 | -410,000 | -783,000 | -606,000 | -2.36M | -1.06M | -70,000 | — | — | — | — | — | — | -25,000 | — | -1.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | — | — | — | — | — | — | — | — | — | — | 47,000 | — | — | — | — | — | 265,000 | 100,000 | — | — | — | — | — | — | — | 100,000 | — | — | 100,000 | — | — | — | — |
| Financing Cash Flow | 1.11M | -2.68M | 1.09M | -1.24M | -333,000 | -3.32M | -1.85M | -1.72M | -1.67M | -1.62M | -1.50M | -1.38M | -847,000 | -596,000 | -269,000 | -3.76M | 1.30M | 402,000 | 221,000 | 493,000 | 102,000 | 26,000 | 44,000 | -250,000 | 29,000 | -100,000 | — | 200,000 | — | -900,000 | 200,000 | 200,000 | 100,000 |
| Other Cash Details | |||||||||||||||||||||||||||||||||
| End Cash Position | 30.59M | 25.22M | 23.98M | 20.01M | 19.26M | 18.10M | 25.11M | 13.89M | 13.10M | 11.18M | 16.45M | 18.62M | 20.49M | 15.87M | 15.53M | 18.90M | 13.49M | 13.69M | 8.68M | 9.72M | 9.83M | 3.13M | 3.84M | 1.84M | 3.92M | 3.70M | 3.90M | — | — | — | — | — | — |
| Income Tax Paid | 1.60M | 246,000 | — | 114,000 | 22,000 | 52,000 | 900,000 | 1.14M | 334,000 | 15,000 | 201,000 | 434,000 | 1.06M | 220,000 | 535,000 | 613,000 | 109,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 206,000 | 313,000 | 184,000 | 189,000 | 277,000 | 68,000 | 73,000 | 75,000 | 86,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 89,000 | 105,000 | 89,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 4.01M | 3.63M | 2.44M | 1.81M | 14,000 | -4.16M | 2.44M | 2.45M | 4.27M | -3.06M | 533,000 | -631,000 | 5.76M | 1.20M | -2.41M | 2.96M | -716,000 | 8.88M | -2.63M | -719,000 | 1.76M | -2.56M | 848,000 | -3.18M | 1.87M | 1.00M | 3.60M | 900,000 | -300,000 | 2.40M | -2.40M | 800,000 | 3.60M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 278,890 | 5.67M | 2.82% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 183,819 | 3.74M | 1.86% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 110,249 | 2.24M | 1.12% |
| DFA U.S. Micro Cap Series | Oct 31, 2024 | 99,782 | 2.03M | 1.01% |
| Bridgeway Funds Inc-Ultra Small Company Market Fund | Sep 30, 2024 | 60,000 | 1.22M | 0.61% |
| DFA U.S. Small Cap Series | Oct 31, 2024 | 52,803 | 1.07M | 0.53% |
| WisdomTree Tr-WisdomTree Small Cap Dividend Fd | Sep 30, 2024 | 45,744 | 929,975 | 0.46% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 34,984 | 711,224 | 0.35% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 29,710 | 604,004 | 0.30% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 22,627 | 460,006 | 0.23% |
Article
CSPi Reports Continued Business Momentum and Profitability During Fiscal 2025 First Quarter; Services Revenue Grow 17% and Gross Margin Expands
Board Declares $0.03 per Share Quarterly Dividend 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 $0.03 per share payable March 10, 2025, to shareholders of record at the close of business on February 24, 2025.
Feb 10, 2025
Article
CSPi to Announce Fiscal 2025 First Quarter Results on February 10, 2025
LOWELL, MA / ACCESS Newswire / February 5, 2025 / CSPi (NASDAQ:CSPI), an award-winning provider of security and packet capture products, managed IT and professional services and technology solutions, announced that it will issue its fiscal 2025 first quarter financial results before the open of the market on Monday February 10, 2025. CSPi President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W.
Feb 5, 2025
Article
CSP Posts Q4 Loss as Revenues Decline Y/Y, Focuses on Growth in 2025
CSPI reports a Q4 loss due to decreased revenues but emphasizes growth in recurring revenue and strategic investments to support a stronger outlook for 2025.
Dec 23, 2024
