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Jun 30, 2024
CSP Q3 2024 Earnings Report
CSP Inc. reported a net loss for Q3 2024, but services revenue increased and gross margin percentage improved.
Key Takeaways
CSP Inc. reported a net loss of $0.2 million for the third quarter of fiscal year 2024. However, services revenue grew by 10%, contributing to a 150 basis point improvement in gross margin percentage. The company's cash position remained strong, supporting ongoing investments in infrastructure for AZT PROTECT.
Services revenue increased by 10% year-over-year.
Gross margin percentage improved by 150 basis points due to higher margin services revenue.
AZT PROTECT customer base expanded with new reseller partnerships.
Company reported near record cash position.
Revenue by Segment
Forward Guidance
CSPi anticipates customer decisions on orders that could impact fiscal year 2025 and expects to enter the new fiscal year with more than double the UCaaS annual revenue run rate.
Positive Outlook
- Potential positive impact on fiscal 2025 results from pending customer decisions.
- Increased interest in UCaaS offering.
- Signed several new UCaaS customers during the current fiscal fourth quarter.
- Expected doubling of UCaaS annual revenue run rate entering the new fiscal year.
- Infrastructure buildout is expected to drive future AZT PROTECT sales.
Challenges Ahead
- Unspecified general economic conditions
- Unspecified market factors
- Unspecified competitive factors
- Unspecified pricing pressures
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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