CSP Inc. reported fiscal third quarter results with revenue of $13.3 million and net income of $0.7 million, or $0.15 per diluted common share. The company's gross backlog reached a record $23.8 million and gross margin continued expansion.
Services revenue grew 37% compared to the year-ago third quarter.
Record gross margin of 37%, an increase of more than six percentage points over the year ago period.
Gross backlog as of June 30, 2022, was a record $23.8 million and $17.3 million on March 31, 2022
Board of Directors has reinstated and declared a quarterly dividend of $0.03 per share
The supply chain and inflationary issues constraining our business growth are not expected to change in the near-term, so our goal is to maximize the performance of our services segment while we continue to grow our backlog for our products’ segments.
Visualization of income flow from segment revenue to net income