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Sep 30, 2021
CSP Q4 2021 Earnings Report
CSP Inc. reported Q4 2021 and full year results with quarterly and annual gross margin expansion and backlog of $13 million.
Key Takeaways
CSP Inc. reported a decrease in revenue for the fiscal fourth quarter to $10.0 million, compared to $14.3 million in the year-ago fiscal fourth quarter. Net income from continuing operations was $353,000, or $0.08 per share, compared to $36,000, or $0.01 per share, for the same period last year. The company's gross margin improved to 41.7% of sales, compared to 31.0% in the year-ago quarter.
Services revenue grew 27% compared to the year-ago fourth quarter
Favorable revenue mix led to a quarterly gross margin of 41.7%
Company-wide year-end backlog reached $13 million, a 165% increase over the prior year
Recorded a one-time $465,000 gain in the fourth quarter from release of escrow money from the sale of our German subsidiary in 2018
Revenue by Segment
Forward Guidance
CSPi remains cautiously optimistic for fiscal year 2022, expecting ARIA and UCaaS to gain traction and a return to executing their highly profitable cruise line business.
Positive Outlook
- Greater emphasis on software sales to deliver near-term revenue and expand gross margin.
- Anticipated traction from ARIA and UCaaS.
- Optimistic about a return to executing the highly profitable cruise line business.
- Solid foundation to build from, even during turbulent times.
- Focused on opportunities that strengthen long-term growth and profit ambitions.
Challenges Ahead
- Effects of COVID-19.
- Inflationary pressures.
- Supply chain pressures.
- Return to a more normalized business environment will be slower than expected.
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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