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Mar 31, 2024
CSP Q2 2024 Earnings Report
CSP Inc. reported slight revenue increase and a significant rise in net income, driven by services revenue growth and AZT sales.
Key Takeaways
CSP Inc. reported a slight increase in revenue to $13.7 million, with services revenue growing by 23%. Gross margin improved to 47%, and net income increased nearly five-fold to $1.6 million.
Revenue increased slightly to $13.7 million.
Services revenue grew by 23% to $5.2 million.
Gross margin expanded to 47% due to higher margin services and AZT sales.
Net income increased to $1.6 million, or $0.16 per diluted share.
Revenue by Segment
Forward Guidance
The company is building a pipeline and executing a strategy designed to generate sustained long-term growth and profitability and is optimistic about opportunities to sign additional AZT customers.
Positive Outlook
- Building a pipeline that is in line with internal plans.
- Executing a strategy to generate sustained long-term growth.
- Optimistic about opportunities to sign additional AZT customers.
- Focus on direct sales team.
- Leveraging new and expanding partnerships.
Challenges Ahead
- General economic conditions.
- Market factors.
- Competitive factors.
- Pricing pressures.
- Risks described in the Company's filings with the SEC.
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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