CSP Inc. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>CSP Inc. has filed its quarterly report (10-Q) for the period ending December 31, 2023, detailing its financial performance and operational status.</b>

AI Summary

CSP INC /MA/ (CSPI) filed a Quarterly Report (10-Q) with the SEC on February 14, 2024. CSP Inc. filed a 10-Q report for the period ending December 31, 2023. The filing covers the first quarter of fiscal year 2024. The company's fiscal year ends on September 30. CSP Inc. is incorporated in Massachusetts. The company's business and mailing address is 175 Cabot Street, Suite 210, Lowell, MA 01854.

Why It Matters

For investors and stakeholders tracking CSP INC /MA/, this filing contains several important signals. This filing provides investors with updated financial information for CSP Inc., allowing for an assessment of its performance in the most recent quarter. Understanding the details within this 10-Q is crucial for stakeholders to evaluate the company's financial health, operational efficiency, and future prospects.

Risk Assessment

Risk Level: low — CSP INC /MA/ shows low risk based on this filing. The filing is a standard 10-Q report, which is routine for publicly traded companies and does not indicate any immediate or significant financial distress or positive development.

Analyst Insight

Review the detailed financial statements and segment information within the 10-Q to understand CSP Inc.'s revenue streams and operational performance.

Key Numbers

• 2023-12-31 — Period End Date (Conformed period of report)
• 2024-02-14 — Filing Date (Filed as of date)
• 0930 — Fiscal Year End (Fiscal year end)
• 4728000 — Trading Revenue (Q1 2024 Trading Revenue)

Key Players & Entities

• CSP INC /MA/ (company) — Filer name
• 0000356037 (company) — Central Index Key
• MA (company) — State of incorporation
• 175 Cabot Street (company) — Business address street 1
• LOWELL (company) — Business address city
• 01854 (company) — Business address zip
• 9789545038 (company) — Business phone
• 20231231 (date) — Conformed period of report

FAQ

Industry Context

CSP Inc. operates in the computer integrated systems design industry (SIC 7373). This sector involves providing services related to the design of integrated computer systems.

Regulatory Implications

As a publicly traded company in the US, CSP Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of quarterly reports (10-Q).

What Investors Should Do

1. Analyze the revenue breakdown by segment and geography for Q1 FY2024.
2. Examine any disclosed risk factors or management discussion and analysis for insights into operational challenges or opportunities.
3. Compare key financial metrics from this 10-Q with previous filings to identify trends.

Key Dates

• 2023-12-31: Period End Date — End of the reporting period for the 10-Q filing.
• 2024-02-14: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year 2024, reporting on the quarter ending December 31, 2023. Previous filings would cover earlier periods.

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share CSPI Nasdaq Global Market

Filing Documents

• cspi-20231231x10q.htm (10-Q) — 1929KB
• cspi-20231231xex31d1.htm (EX-31.1) — 9KB
• cspi-20231231xex31d2.htm (EX-31.2) — 9KB
• cspi-20231231xex32d1.htm (EX-32.1) — 10KB
• 0000356037-24-000016.txt (&nbsp;) — 8789KB
• cspi-20231231.xsd (EX-101.SCH) — 44KB
• cspi-20231231_cal.xml (EX-101.CAL) — 72KB
• cspi-20231231_def.xml (EX-101.DEF) — 197KB
• cspi-20231231_lab.xml (EX-101.LAB) — 433KB
• cspi-20231231_pre.xml (EX-101.PRE) — 326KB
• cspi-20231231x10q_htm.xml (XML) — 1936KB

Financial Statements

Financial Statements Condensed Consolidated Balance Sheets as of December 31, 2023 (unaudited) and September 30, 2023 3 Condensed Consolidated Statements of Operations for the three months ended December 31, 2023 and 2022 (unaudited) 4 Condensed Consolidated Statements of Comprehensive Income for the three months ended December 31, 2023 and 2022 (unaudited) 5 Condensed Consolidated Statement of Shareholders' Equity for the three months ended December 31, 2023 and 2022 (unaudited) 6 Condensed Consolidated Statements of Cash Flows for the three months ended December 31, 2023 and 2022 (unaudited) 7 Notes to Condensed Consolidated Financial Statements (unaudited) 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 4.

Controls and Procedures

Controls and Procedures 31 PART II. OTHER INFORMATION Item 1A.

Risk factors

Risk factors 31 Item 5. Other information 31 Item 6. Exhibits 31 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements CSP INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except par value) December 31, September 30, 2023 2023 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 25,611 $ 25,217 Accounts receivable, net of allowances of $ 61 and $ 100 11,722 12,955 Financing receivables, net of allowances of $ 22 and $ 0 7,497 7,171 Inventories 6,963 2,542 Other current assets 1,824 2,479 Total current assets 53,617 50,364 Property, equipment and improvements, net 569 525 Operating lease right-of-use assets 845 966 Intangibles, net 49 46 Financing receivables due after one year, net of allowances of $ 55 and $ 0 2,453 4,224 Deferred income taxes, net 2,346 2,346 Cash surrender value of life insurance 5,390 5,356 Pension benefits assets 2,041 1,958 Other assets 117 119 Total assets $ 67,427 $ 65,904 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable and accrued expenses $ 13,954 $ 10,785 Line of credit 760 1,515 Note payable — 449 Deferred revenue 1,252 1,898 Pension and retirement plans 89 98 Income taxes payable 927 914 Total current liabilities 16,982 15,659 Pension and retirement plans 1,227 1,251 Operating lease liabilities - noncurrent portion 353 482 Income taxes payable 513 513 Other noncurrent liabilities 1,878 1,851 Total liabilities 20,953 19,756 Shareholders' equity: Common stock, $ .01 par value per share; authorized, 7,500 shares; issued and outstanding 4,728 and 4,728 shares, respectively 48 48 Additional paid-in capital 21,179 20,883 Retained earnings 31,034 31,311 Accumulated other comprehensive loss ( 5,787 ) ( 6,094 ) Total shareholders' equity 46,474 46,148 Total liabilities and shareholders' equity $ 67,427 $ 65,904 See accompanying notes to unaudited condensed consolidated f

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View this 10-Q filing on SEC EDGAR