CSP Inc. Q1 2025 Financial Update
Ticker: CSPI · Form: 10-Q · Filed: Feb 10, 2025 · CIK: 356037
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
CSP Inc. Q1 2025 10-Q filed. Revenue comparison to last year, balance sheet details updated.
AI Summary
CSP Inc. reported its financial results for the first quarter ended December 31, 2024. The company's trading revenue for the three months ended December 31, 2024, was not explicitly stated in the provided snippet, but it was compared to the same period in 2023. The filing also details changes in retained earnings, additional paid-in capital, and accumulated other comprehensive income as of December 31, 2024, and September 30, 2024.
Why It Matters
This filing provides investors with an update on CSP Inc.'s financial performance and position as of the end of the first quarter of fiscal year 2025.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant financial distress.
Key Numbers
- 2024-12-31 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is presented.)
- 2024-09-30 — Previous Fiscal Year End (Provides a point of comparison for balance sheet items.)
- 2023-12-31 — Prior Year Quarter End (Used for year-over-year comparisons of financial performance.)
Key Players & Entities
- CSP Inc. (company) — Filer of the 10-Q report
- December 31, 2024 (date) — End of the reporting period for the quarter
- September 30, 2024 (date) — Previous fiscal year end date
- 2023-10-01 (date) — Start of comparative period for trading revenue
- 2023-12-31 (date) — End of comparative period for trading revenue
FAQ
What was CSP Inc.'s trading revenue for the three months ended December 31, 2024?
The specific dollar amount for trading revenue for the three months ended December 31, 2024, is not provided in the text snippet, only the period is identified for comparison.
What is the fiscal year end for CSP Inc.?
CSP Inc.'s fiscal year ends on September 30.
When was this 10-Q filing submitted?
This 10-Q filing was submitted on February 10, 2025.
What are the key balance sheet components detailed in the filing?
The filing details changes in Retained Earnings, Additional Paid-In Capital, and Accumulated Other Comprehensive Income as of December 31, 2024, and September 30, 2024.
What is CSP Inc.'s Standard Industrial Classification code?
CSP Inc.'s SIC code is 7373, which corresponds to SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN.
Filing Stats: 4,525 words · 18 min read · ~15 pages · Grade level 14.5 · Accepted 2025-02-10 17:10:25
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share CSPI Nasdaq Global Market
Filing Documents
- cspi-20241231x10q.htm (10-Q) — 2230KB
- cspi-20241231xex31d1.htm (EX-31.1) — 9KB
- cspi-20241231xex31d2.htm (EX-31.2) — 9KB
- cspi-20241231xex32d1.htm (EX-32.1) — 10KB
- 0000356037-25-000014.txt ( ) — 10264KB
- cspi-20241231.xsd (EX-101.SCH) — 48KB
- cspi-20241231_cal.xml (EX-101.CAL) — 72KB
- cspi-20241231_def.xml (EX-101.DEF) — 219KB
- cspi-20241231_lab.xml (EX-101.LAB) — 448KB
- cspi-20241231_pre.xml (EX-101.PRE) — 355KB
- cspi-20241231x10q_htm.xml (XML) — 2471KB
Financial Statements
Financial Statements Condensed Consolidated Balance Sheets as of December 31, 2024 (unaudited) and September 30, 2024 3 Condensed Consolidated Statements of Operations for the three months ended December 31, 2024 and 2023 (unaudited) 4 Condensed Consolidated Statements of Comprehensive Income (loss) for the three months ended December 31, 2024 and 2023 (unaudited) 5 Condensed Consolidated Statement of Shareholders' Equity for the three months ended December 31, 2024 and 2023 (unaudited) 6 Condensed Consolidated Statements of Cash Flows for the three months ended December 31, 2024 and 2023 (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 25 Item 4.
Controls and Procedures
Controls and Procedures 31 PART II. OTHER INFORMATION Item 1A.
Risk factors
Risk factors 34 Item 5. Other information 34 Item 6. Exhibits 34 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, 2024 2024 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 30,654 $ 30,585 Accounts receivable, net of allowances of $ 153 and $ 147 14,888 14,494 Financing receivables, net of allowances of $ 8 and $ 12 2,478 4,384 Inventories 1,955 2,293 Other current assets 2,215 3,093 Total current assets 52,190 54,849 Property, equipment and improvements, net 414 429 Operating lease right-of-use assets 363 489 Intangibles, net 48 50 Financing receivables due after one year, net of allowances of $ 27 and $ 25 2,641 2,922 Deferred income taxes, net 3,323 2,734 Cash surrender value of life insurance 5,623 5,589 Pension benefits assets 2,750 2,201 Other assets 171 173 Total assets $ 67,523 $ 69,436 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable and accrued expenses $ 10,636 $ 12,084 Line of credit 2,581 4,169 Deferred revenue and contract liabilities 2,617 2,171 Pension and retirement plans 76 76 Income taxes payable 648 182 Total current liabilities 16,558 18,682 Pension and retirement plans 1,290 1,306 Operating lease liabilities - noncurrent portion 80 117 Income taxes payable 456 447 Other noncurrent liabilities 1,683 1,614 Total liabilities 20,067 22,166 Shareholders' equity: Common stock, $ .01 par value per share; authorized, 20,000 shares; issued and outstanding 9,880 and 9,776 shares, respectively 98 98 Additional paid-in capital 23,196 22,689 Retained earnings 30,023 29,848 Accumulated other comprehensive loss ( 5,861 ) ( 5,365 ) Total shareholders' equity 47,456 47,270 Total liabilities and shareholders' equity $ 67,523 $ 69,436 See accompanying notes to unaudited condensed consolidat