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Dec 31, 2020
CSP Q1 2021 Earnings Report
CSP Inc. reported fiscal first quarter 2021 results, showing improved gross margin despite declining revenue.
Key Takeaways
CSP Inc. reported a revenue of $11.4 million and a net income of $1.2 million, or $0.27 per share, for the fiscal first quarter of 2021. The results reflect a transition to higher margin products and services, leading to improved gross margin despite the impact of COVID-19.
Gross margin improved by 5.8 percentage points compared to the year-ago fiscal first quarter due to a favorable revenue mix.
Recent cyber-attack and new Cloud offering are creating new customer opportunities for ARIA's Advanced Detection and Response solution.
ARIA microHSM solution is gaining traction with new customers.
Company maintained a strong balance sheet to execute growth strategies.
Revenue by Segment
Forward Guidance
CSP Inc. believes it has a substantial opportunity ahead as its fiscal year unfolds and is positioned to execute its operating strategies when target customers are able to introduce new solutions into their operations.
Positive Outlook
- Heightened level of interest for the ARIA Advanced Detection and Response solution.
- Launched ARIA CloudADR to provide organizations with lower entry cost solution.
- Solid balance sheet provides the resources to manage the business.
- Positioned to execute operating strategies.
- Believes to have a substantial opportunity ahead.
Challenges Ahead
- Declining revenue due to COVID-19 impacts.
- Target customers need to be able to introduce new solutions into their operations.
- General economic conditions
- Market factors
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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