NASDAQ$CSPI

Csp Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Revenue increased by 33% and net income was reported for Q3 2023.

CSP Inc. reported a strong fiscal third quarter with a 33% increase in revenue compared to the same quarter last year. The growth was primarily driven by the Technology Solutions (TS) business. The launch of ARIA Zero Trust PROTECT is expected to contribute to the High Performance Product (HPP) business in the coming years. The company reported net income of $2.5 million, or $0.52 per diluted common share.

  • Third quarter revenue increased by 33% compared to the prior year fiscal third quarter.
  • Technology Solutions (TS) sales increased by $3.8 million, or 30%, compared to the year ago fiscal third quarter.
  • Total gross profit increased by approximately $1.0 million, or 19%, compared to the year ago fiscal third quarter.
  • ARIA Zero Trust PROTECT was launched, using AI to protect critical Operational Technology environments.

Headline financials

Total Revenue

$17.7M

Previous: $13.3M+32.9%
EPS (adj)

$0.52

Previous: $0.15+246.7%
Capital Expenditures

-$215K

Previous: -$223K+3.6%
Free Cash Flow

$2.3M

Previous: $461K+398.7%
Net Income

$2.51M

Previous: $684K+267.5%
Operating Income

$575K

Previous: $19K+2926.3%
Gross Profit

$5.93M

Previous: $4.97M+19.2%
Cash & Equivalents

$13.8M

Previous: $21.4M-35.3%
Total Assets

$67.6M

Previous: $64.5M+4.8%
Stock-Based Comp

$293K

Previous: $254K+15.4%

Revenue & EPS history

CSP · Revenue · Quarterly

$17.7M

Q3 2023+32.9%vs Q3 2022

Revenue by segment

CSP · $17.7M total across 2 segments · Q3 2023

  • Product
    $12.9M+53.3%
  • Services
    $4.77M-2.3%

Forward guidance

CSP Inc. anticipates continued growth in its TS business and expects the ARIA Zero Trust Protect product to drive growth in the HPP business. The company believes the success of the TS business will be complemented by the HPP business, leading to expanded revenue and gross margin in fiscal 2024.

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 2023

Historical avgQ3 2023

-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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