NASDAQ$CSPI

Csp Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

CSP Inc. reported improved financial results driven by growth in services revenue and expansion of gross margin

CSP Inc. reported fiscal third quarter results with revenue of $13.3 million and net income of $0.7 million, or $0.15 per diluted common share. The company's gross backlog reached a record $23.8 million and gross margin continued expansion.

  • Services revenue grew 37% compared to the year-ago third quarter.
  • Record gross margin of 37%, an increase of more than six percentage points over the year ago period.
  • Gross backlog as of June 30, 2022, was a record $23.8 million and $17.3 million on March 31, 2022
  • Board of Directors has reinstated and declared a quarterly dividend of $0.03 per share

Headline financials

Total Revenue

$13.3M

Previous: $13.7M-2.9%
EPS (adj)

$0.15

Previous: -$0.10+250.0%
Gross Margin

37.0%

No prior period
Capital Expenditures

-$223K

Previous: -$84K-165.5%
Free Cash Flow

$461K

Previous: -$507K+190.9%
Net Income

$684K

Previous: -$423K+261.7%
Operating Income

$19K

Previous: -$357K+105.3%
Gross Profit

$4.97M

Previous: $4.23M+17.6%
Cash & Equivalents

$21.4M

Previous: $19.7M+9.0%
Total Assets

$64.5M

Previous: $60.6M+6.5%
Stock-Based Comp

$254K

Previous: $243K+4.5%

Revenue & EPS history

CSP · Revenue · Quarterly

$13.3M

Q3 2022-2.9%vs Q3 2021

Revenue by segment

CSP · $13.3M total across 2 segments · Q3 2022

  • Product
    $8.44M-16.8%
  • Services
    $4.89M+36.6%

Forward guidance

The supply chain and inflationary issues constraining our business growth are not expected to change in the near-term, so our goal is to maximize the performance of our services segment while we continue to grow our backlog for our products’ segments.

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 Q3 2022

Historical avgQ3 2022

-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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