- CSP Inc. (CSPI, Financial) reports fiscal Q2 2025 revenue of $13.1 million, down from $13.7 million in the previous year.
- Net loss was $(0.1) million, or $(0.01) per share, compared to a net income of $1.6 million in Q2 2024.
- The company maintains a strong cash position of $29.5 million with no long-term debt.
CSP Inc. (CSPI) released its fiscal 2025 second-quarter financial results, reporting a revenue decline to $13.1 million from $13.7 million in the same quarter of the previous year. The company's product revenue experienced a slight increase to $8.6 million, while services revenue fell to $4.6 million, impacting overall sales figures.
The company reported a net loss of $(0.1) million, or $(0.01) per share, which marks a significant decline from the net income of $1.6 million recorded in the second quarter of 2024. The gross margin also contracted to 32% from 47% year-over-year, leading to a reduced gross profit of $4.2 million, compared to $6.5 million previously.
CSP Inc. continues to demonstrate strong financial health with cash reserves amounting to $29.5 million and no long-term debt. During the quarter, the company repurchased 23,800 shares for $384,000 and announced a quarterly dividend of $0.03 per share, payable on June 11, 2025.
Amidst challenging market conditions, the company has continued to grow its AZT PROTECT cybersecurity product line, securing new international customers, such as a South African cell tower provider, and renewing a six-figure contract with a global pharmaceutical company. These developments have contributed to a growing pipeline, underscoring CSP Inc.'s strategic focus on expanding its market presence and reseller relationships.
