CSP Inc. reported a decrease in revenue and net income for the fiscal second quarter ended March 31, 2025, compared to the prior year period. The decline was primarily attributed to a multi-million dollar agreement in the prior year. Despite the decrease, the company highlighted continued momentum for its AZT PROTECT product and maintained a strong cash position.
Revenue for the fiscal second quarter decreased to $13.1 million from $13.7 million in the prior year.
The company reported a net loss of $0.1 million, or $(0.01) per diluted common share.
Gross profit declined to $4.2 million from $6.5 million in the same period last year.
Cash and cash equivalents remained strong at $29.5 million as of March 31, 2025.
The company is focused on building market awareness for the AZT PROTECT offering and sees potential for expansion into larger contracts with existing and new relationships over the next 18-24 months.
Visualization of income flow from segment revenue to net income