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Dec 31, 2021
CSP Q1 2022 Earnings Report
CSP Inc. reported improved financial results for the fiscal first quarter ended December 31, 2021.
Key Takeaways
CSP Inc. reported a 9% increase in revenue compared to the year-ago quarter, driven by higher services revenue. However, the company reported a net loss of $366,000, compared to a net income of $1.2 million in the same quarter last year, which included a gain on debt extinguishment.
Total revenue increased 9% year over year driven by higher services revenue.
Services revenue grew 22% compared to the year-ago first quarter.
Gross margin was 29.2% due to focus on higher margin products and services.
Backlog increased to over $15 million.
Revenue by Segment
Forward Guidance
CSPi is optimistic about ARIA and the cruise business, but continues to face supply chain issues.
Positive Outlook
- The company signed two new ARIA customers during the fiscal first quarter.
- The company believes ARIA is going to be a game changer for its High-Performance Products (HPP) business.
- The company has witnessed a higher level of activity in the cruise business.
- The company has teams deployed on several ships.
- The company is optimistic of receiving additional ships in the second half of the year if current operating conditions remain the same.
Challenges Ahead
- The company continues to face supply chain issues that inhibit its ability to fulfill customer purchase orders.
- Supply chain issues have delayed many customer’s orders.
- Under a normal environment, the company would have seen a significant profit for the quarter.
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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