NASDAQ$CSPI
Csp Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
CSP Inc. reported a net loss for Q1 2024, impacted by delayed order closures, while securing significant contracts and raising the quarterly dividend.
CSP Inc. reported a decrease in revenue to $15.4 million compared to $18.3 million in the same quarter last year. The company experienced a net loss of $73,000, or $(0.02) per diluted share, compared to a net income of $1.0 million, or $0.21 per diluted share, in the prior year. Despite the loss, the company secured a multi-million dollar contract for its ARIA Zero Trust PROTECT offering and increased its quarterly dividend to $0.05 per share.
- Revenue decreased to $15.4 million from $18.3 million year-over-year.
- Net loss of $73,000, or $(0.02) per diluted share, compared to net income of $1.0 million, or $0.21 per diluted share, in the prior year.
- Secured multi-million dollar contract for ARIA Zero Trust PROTECT with a global pharmaceutical company.
- Quarterly dividend raised to $0.05 per share.
Headline financials
Revenue & EPS history
CSP · Revenue · Quarterly
$15.4M
Revenue by segment
CSP · $15.3M total across 2 segments · Q4 2023
- Product$11M-2.7%71.8%
- Services$4.32M-19.6%28.2%
Forward guidance
The company anticipates the sales funnel and prioritized leads to increase exponentially, driven by industry events and partnerships, with cautious optimism for the second quarter and the second half of the fiscal year.
Tailwinds
- Early success and demand for ARIA Zero Trust PROTECT exceeding initial expectations.
- High customer satisfaction enhancing the company's reputation.
- Partnerships with leading resellers accelerating adoption of AZT.
- Representative dollar value of the new business pipeline is higher compared to any other time in the company’s history.
- Continued enthusiasm of ARIA Zero Trust PROTECT offering remains high and continues to generate growing interest among small, mid and large scale companies and organizations with OT environments
Headwinds
- Orders expected to close in the first quarter were pushed out due to the holidays.
- General economic conditions.
- Market factors.
- Competitive factors and pricing pressures.
- Risk described in the company's filings with the Securities and Exchange Commission (“SEC”).
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 2024
-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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro