CSP Q4 2024 Earnings Report

CSPi reported a net loss with recurring sales increasing as a percentage of total revenue and AZT PROTECT market momentum building.

Key Takeaways

CSPi reported Q4 revenue of $13.0 million, a decrease compared to the previous year. The company experienced a net loss of $(1.7) million, or $(0.18) per diluted common share. However, recurring revenue increased to approximately 17% of total revenue, and the company's cash position remained strong at $30.6 million.

Cloud-based business remained strong with over 10 new customers signed in the fourth quarter.

Recurring revenue increased to approximately 17% of total revenue.

Strong relationship with Rockwell Automation generated over 100 new business leads for AZT PROTECT™ at recent conference.

Cruise line business bookings and pipeline positioned for strong fiscal year 2025.

Total Revenue

$13M

Previous year: $15.3M