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Jun 30, 2023
CSP Q3 2023 Earnings Report
Revenue increased by 33% and net income was reported for Q3 2023.
Key Takeaways
CSP Inc. reported a strong fiscal third quarter with a 33% increase in revenue compared to the same quarter last year. The growth was primarily driven by the Technology Solutions (TS) business. The launch of ARIA Zero Trust PROTECT is expected to contribute to the High Performance Product (HPP) business in the coming years. The company reported net income of $2.5 million, or $0.52 per diluted common share.
Third quarter revenue increased by 33% compared to the prior year fiscal third quarter.
Technology Solutions (TS) sales increased by $3.8 million, or 30%, compared to the year ago fiscal third quarter.
Total gross profit increased by approximately $1.0 million, or 19%, compared to the year ago fiscal third quarter.
ARIA Zero Trust PROTECT was launched, using AI to protect critical Operational Technology environments.
CSP
CSP
CSP Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
CSP Inc. anticipates continued growth in its TS business and expects the ARIA Zero Trust Protect product to drive growth in the HPP business. The company believes the success of the TS business will be complemented by the HPP business, leading to expanded revenue and gross margin in fiscal 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income