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Sep 30, 2023
CSP Q4 2023 Earnings Report
CSP Inc. reported mixed results for Q4 2023, with a decrease in total sales but a net income per share of $0.30.
Key Takeaways
CSP Inc. reported a decrease in total sales for the fourth quarter ended September 30, 2023, compared to the same period last year. However, the net income per common share remained relatively stable at $0.30. The company's full year revenue grew by 19%, driven by the TS business and successful conversion of backlog.
Net income per common share - diluted for Q4 was $0.30, inclusive of ERC income and stock compensation expense.
Full year revenue increased by 19% year-over-year.
TS business grew 14% over the prior year, driving full year performance.
The ARIA Zero Trust PROTECT offering secured initial orders shortly after launch.
Revenue by Segment
Forward Guidance
CSPi anticipates continued growth in the TS business and expects the HPP business to be a growth driver in fiscal 2024 due to the AZT offering.
Positive Outlook
- The TS business is expected to be a major contributor in fiscal 2024 with new clients and contract renewals.
- The HPP business is poised for growth in 2024 due to the emergence and initial success of the AZT offering.
- The AZT offer is considered a foundational shift for the HPP business.
- Recently added salespeople are expected to bring in new business.
- CSPi is positioned to achieve greater feats and success in fiscal 2024.
Challenges Ahead
- The company acknowledges a crowded market for the AZT offering.
- General economic conditions.
- Market factors.
- Competitive factors.
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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