NASDAQ$CSPI

Csp Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

CSP Inc. reported fiscal first quarter 2021 results, showing improved gross margin despite declining revenue.

CSP Inc. reported a revenue of $11.4 million and a net income of $1.2 million, or $0.27 per share, for the fiscal first quarter of 2021. The results reflect a transition to higher margin products and services, leading to improved gross margin despite the impact of COVID-19.

  • Gross margin improved by 5.8 percentage points compared to the year-ago fiscal first quarter due to a favorable revenue mix.
  • Recent cyber-attack and new Cloud offering are creating new customer opportunities for ARIA's Advanced Detection and Response solution.
  • ARIA microHSM solution is gaining traction with new customers.
  • Company maintained a strong balance sheet to execute growth strategies.

Headline financials

Total Revenue

$11.4M

Previous: $16.6M-31.3%
EPS (adj)

-$0.22

Previous: -$0.14-57.1%
Gross Margin

29.7%

Previous: 23.9%+24.3%
Capital Expenditures

-$33K

Previous: -$207K+84.1%
Free Cash Flow

$1.12M

Previous: -$747K+249.7%
Net Income

$1.15M

Previous: -$540K+313.1%
Operating Income

-$537K

Previous: -$402K-33.6%
Gross Profit

$3.38M

Previous: $4.03M-16.2%
Cash & Equivalents

$19.9M

Previous: $17.6M+13.0%
Total Assets

$53M

Previous: $56.2M-5.7%
Stock-Based Comp

$265K

Previous: $205K+29.3%

Revenue & EPS history

CSP · Revenue · Quarterly

$11.4M

Q1 2021-31.3%vs Q1 2020

Revenue by segment

CSP · $11.4M total across 2 segments · Q1 2021

  • Product
    $8.41M-38.0%
  • Services
    $2.98M-9.7%

Forward guidance

CSP Inc. believes it has a substantial opportunity ahead as its fiscal year unfolds and is positioned to execute its operating strategies when target customers are able to introduce new solutions into their operations.

Tailwinds

  • Heightened level of interest for the ARIA Advanced Detection and Response solution.
  • Launched ARIA CloudADR to provide organizations with lower entry cost solution.
  • Solid balance sheet provides the resources to manage the business.
  • Positioned to execute operating strategies.
  • Believes to have a substantial opportunity ahead.

Headwinds

  • Declining revenue due to COVID-19 impacts.
  • Target customers need to be able to introduce new solutions into their operations.
  • General economic conditions
  • Market factors
  • Competitive factors and pricing pressures

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.3%

Avg return

Earnings day

-1.1%

Avg return

5 days after

+2.6%

Avg return

30 days after

53%

33 / 62 earnings

Positive

+43.2%

Q2 2013

Best reaction

-21.4%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+1.6%-0.8%-3.9%
Q1 2026-8.4%-8.8%-11.1%
Q4 2025-15.4%-10.4%-19.9%
Q2 2025+2.8%-6.5%-27.4%
Q1 2025+2.3%-1.6%-18.4%
Q4 2024-7.1%-3.9%-1.5%
Q3 2024-17.0%-12.5%-24.8%
Q2 2024+6.1%+9.3%+13.7%
Q1 2024+11.4%+14.5%+43.3%
Q4 2023-14.1%-26.2%-12.1%
Q3 2023+7.6%+8.6%+52.9%
Q2 2023-14.0%-10.1%+3.5%
Q1 2023-7.1%+4.0%-0.9%
Q4 2022+9.6%+10.9%+15.3%
Q3 2022+0.0%+2.0%-1.4%
Q2 2022+2.6%+7.5%+35.1%
Q1 2022-7.7%-7.1%-13.2%
Q4 2021-6.0%-8.1%-3.8%
Q3 2021-0.4%-3.3%-5.0%
Q2 2021+3.7%+12.0%+23.2%
Q1 2021-16.5%-13.4%-28.3%
Q4 2020+0.3%-0.8%+33.6%
Q3 2020+3.1%+21.5%+16.8%
Q2 2020-21.4%-22.1%-18.1%
Q1 2020+0.7%+4.0%-39.9%
Q4 2019+3.6%+4.9%+2.7%
Q3 2019-0.3%-3.3%-1.2%
Q2 2019-5.9%-4.8%+11.4%
Q1 2019+1.5%+2.0%+10.7%
Q4 2018-4.5%-3.6%-5.7%
Q3 2018+1.9%+9.8%+23.5%
Q2 2018-12.6%-11.4%-12.9%
Q1 2018-15.5%-16.9%-18.1%
Q4 2017+5.6%+20.4%+61.9%
Q3 2017+1.4%+0.7%-1.0%
Q2 2017-3.3%+1.0%-3.0%
Q1 2017-8.3%-13.4%+3.3%
Q4 2016+2.3%+0.6%-0.8%
Q3 2016+13.3%+13.8%+22.5%
Q2 2016+15.4%
Q1 2016+4.3%
Q4 2015+11.8%
Q3 2015-0.6%
Q2 2015+2.6%
Q1 2015+1.4%
Q4 2014-4.6%
Q3 2014-1.8%
Q2 2014-2.7%
Q1 2014-3.4%
Q3 2013-19.6%
Q2 2013+43.2%
Q1 2013-1.8%
Q4 2012+4.4%
Q3 2012-6.1%
Q2 2012-1.8%
Q1 2011+1.5%
Q4 2011+10.8%
Q1 2012+10.8%
Q2 2011+10.8%
Q3 2010+4.3%
Q3 2011+4.3%
Q4 2010+4.3%

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