NASDAQ$CSPI

Csp Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

CSP Inc. reported mixed results for Q4 2023, with a decrease in total sales but a net income per share of $0.30.

CSP Inc. reported a decrease in total sales for the fourth quarter ended September 30, 2023, compared to the same period last year. However, the net income per common share remained relatively stable at $0.30. The company's full year revenue grew by 19%, driven by the TS business and successful conversion of backlog.

  • Net income per common share - diluted for Q4 was $0.30, inclusive of ERC income and stock compensation expense.
  • Full year revenue increased by 19% year-over-year.
  • TS business grew 14% over the prior year, driving full year performance.
  • The ARIA Zero Trust PROTECT offering secured initial orders shortly after launch.

Headline financials

Total Revenue

$15.3M

Previous: $16.7M-8.1%
EPS (adj)

$0.30

Previous: $0.31-3.2%
Capital Expenditures

-$11K

Previous: $11K-200.0%
Free Cash Flow

$8.84M

Previous: $2.44M+261.9%
Net Income

$1.41M

Previous: $1.42M-0.5%
Operating Income

-$306K

Previous: $361.00-84864.5%
Gross Profit

$5.19M

Previous: $6.04M-14.1%
Cash & Equivalents

$25.2M

Previous: $24M+5.1%
Total Assets

$66.6M

Previous: $75.1M-11.3%
R&D Expense

$705K

No prior period
Stock-Based Comp

$295K

Previous: $253K+16.6%

Revenue & EPS history

CSP · Revenue · Quarterly

$15.3M

Q4 2023-8.1%vs Q4 2022

Revenue by segment

CSP · $15.3M total across 2 segments · Q4 2023

  • Product
    $11M-2.7%
  • Services
    $4.32M-19.6%

Forward guidance

CSPi anticipates continued growth in the TS business and expects the HPP business to be a growth driver in fiscal 2024 due to the AZT offering.

Tailwinds

  • The TS business is expected to be a major contributor in fiscal 2024 with new clients and contract renewals.
  • The HPP business is poised for growth in 2024 due to the emergence and initial success of the AZT offering.
  • The AZT offer is considered a foundational shift for the HPP business.
  • Recently added salespeople are expected to bring in new business.
  • CSPi is positioned to achieve greater feats and success in fiscal 2024.

Headwinds

  • The company acknowledges a crowded market for the AZT offering.
  • General economic conditions.
  • Market factors.
  • Competitive factors.
  • 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 Q4 2023

Historical avgQ4 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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