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Mar 31, 2021
CSP Q2 2021 Earnings Report
CSPi's Q2 2021 results were released, showing a revenue decrease compared to the previous year but sequential revenue growth and gross margin improvement.
Key Takeaways
CSP Inc. reported a decrease in revenue for the fiscal second quarter of 2021, totaling $14.1 million compared to $16.9 million in the same quarter last year. However, the company experienced a 24% increase in revenue compared to the previous quarter and achieved its sixth consecutive quarter of gross margin improvement. The company reported a net loss of $(0.8) million, or $(0.20) per share.
Revenue increased 24% sequentially.
Gross margin improved by 4.0 percentage points compared to the year-ago fiscal second quarter.
Two leading manufacturing organizations commence implementation of cyber security solutions.
Balance sheet remains strong with $20.4 million in cash and cash equivalents.
CSP
CSP
CSP Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
CSPi anticipates emerging from the pandemic's disruption quicker than most competitors and expects to capitalize on the rebound in regions like Florida. The company expects more orders in the coming quarters, based on market feedback and building pipeline.
Positive Outlook
- CSPi expects to capitalize on the rebound as more businesses reopen.
- Company anticipates emerging from the pandemic's disruption quicker than most competitors.
- Based on the tremendous market feedback and building pipeline for this product, CSPi expects more orders in the coming quarters.
- CSPi has a solid balance sheet and the resources to manage the business.
- CSPi is positioned to execute its operating strategies when target customers are able to introduce new solutions into their operations.
Challenges Ahead
- General economic conditions.
- Market factors.
- Competitive factors.
- Pricing pressures.
- COVID-19 impacts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income