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Jun 30, 2021
CSP Q3 2021 Earnings Report
CSP Inc. reported results for the third quarter of fiscal year 2021, showing a slight decrease in revenue but an improvement in gross margin.
Key Takeaways
CSPi's Technology Solutions business delivered an exceptional quarter, offset by the High Performance Product business. The company successfully integrated ARIA ADR with managed services, which is expected to drive growth in fiscal 2022. Revenue was $13.7 million, gross profit was $4.2 million, and the company reported a net loss of $0.4 million, or $0.10 loss per share. Cash and cash equivalents were $19.7 million.
Technology Solutions business delivered an exceptional quarter with a multi-million-dollar cloud-based contract.
ARIA ADR successfully integrated with managed services, creating cross-over revenue opportunities.
Company has over two dozen leads in the sales funnel for the ARIA platform.
Gross margin improved compared to the year-ago fiscal third quarter due to a favorable revenue mix.
CSP
CSP
CSP Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comServices Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income