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CSP (CSPI) - 2024 Q2 - Earnings Call Transcript
2024-05-11 13:31
CSP Inc. (NASDAQ:CSPI) Q2 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Michael Polyviou - Investor Relations Victor Dellovo - Chief Executive Officer Gary Levine - Chief Financial Officer Conference Call Participants Joseph Nerges - Segren Investments Sergio Heiber - Heiber Research Operator Good morning, everyone, and welcome to CSPi's Second Quarter Fiscal Year 2024 Conference Call. At this time all participants are in a listen-only mode. And the floor will be opened for ques ...
CSP (CSPI) - 2024 Q2 - Quarterly Report
2024-05-09 16:40
Table of Contents United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ⌧ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 0-10843 CSP Inc. (Exact name of Registrant as specified in its charter) Massachusetts 04-2441294 (State or other jurisdicti ...
CSP (CSPI) - 2024 Q2 - Quarterly Results
2024-05-08 12:39
Exhibit 99.1 CSP Inc. Reports Fiscal Second Quarter 2024 Operating Results; 23% Growth in Services Revenue Drives Gross Margin Percentage Expansion to 47% and Nearly Five-Fold Increase in Net Income ARIA Zero Trust PROTECT ("AZT PROTECT™" or "AZT") Launch Broadens to Address Mid-Market Opportunity While Fortune 500 Pipeline Increases; Global Pharmaceutical Company Signs Multi-Million Dollar AZT Contract LOWELL, Mass., May 8, 2024 – CSP Inc. (NASDAQ: CSPI), an award-winning provider of cybersecurity AI-drive ...
Macro Themes Lead to Micro Ideas
Zacks Investment Research· 2024-02-22 14:41
One common strategy among investors is “thematic” investing, whereby investors identify major trends occurring in the economy which look sustainable. This is also referred to as “top-down” investing. The line of thinking continues with determining which specific companies should benefit from these trends. There are more obvious, consumer/retail trends like yoga pants or Electric Vehicles.But there are also less obvious trends which we highlight here. Additionally, there are Microcap companies, somewhat lost ...
CSP (CSPI) - 2024 Q1 - Earnings Call Transcript
2024-02-15 01:38
Financial Data and Key Metrics Changes - For the first fiscal quarter, the company reported revenue of $15.4 million, down from $18.3 million in the same period last year [52] - The company experienced a slight net loss of $73,000 or $0.02 per diluted share, compared to a net income of $1 million or $0.21 per diluted share in the prior year [42] - Gross revenue was $4.1 million or 26.6% of revenue, compared to $5.8 million or 31.7% of revenue in the same prior year period, with a decrease attributed to a mix of business and lower margin products [35] Business Line Data and Key Metrics Changes - The Technology Solutions (TS) business accounted for $14.7 million of overall revenue, driven by increased customer use of implementation, installation, and training capabilities [26] - The UCaaS business showed an increase in clients, indicating a profitable trend moving forward [27] - The high-performance products (HPP) business, particularly the AZT offering, is generating significant interest and is expected to grow substantially [30] Market Data and Key Metrics Changes - The company secured a multimillion-dollar contract with a global pharmaceutical company, deploying AZT across over 40 facilities [21] - A five-year multimillion-dollar contract was also announced for managed services with a prominent Florida public college [24] - The sales funnel for AZT is expanding, attracting prospects across the Fortune 500 [31] Company Strategy and Development Direction - The company is focusing on the AZT offering as a key growth driver, with expectations of significant market potential in cybersecurity solutions [30] - The Board of Directors raised the quarterly dividend to $0.05 per share, reflecting confidence in future growth [25] - The company is actively engaging with resellers to enhance product adoption and market presence [39] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the company's positioning for greater success throughout fiscal 2024, highlighting the growth of both the TS and HPP businesses [34] - The management acknowledged the challenging business environment but emphasized the team's ability to remain engaged with customers [28] - There is a strong belief that the increasing cybersecurity threats will drive demand for the AZT product [156] Other Important Information - The company is planning to attend several industry conferences to increase visibility and market engagement [50] - Management noted that the cruise-related business is beginning to see positive developments after a quiet period during the pandemic [28] - The company is in discussions with multiple potential buyers for the AZT product, with some progressing towards contracts [119] Q&A Session Summary Question: How will the new pharmaceutical contract impact the income statement? - The revenue from the contract will be recognized all at once in the upcoming quarter [45] Question: Is there any progress in the cruise ship business? - There has been progress with new technology being rolled out to several ships, providing a new income stream [45] Question: Can the company disclose the name of the pharmaceutical customer? - The company needs to obtain permission from the customer before disclosing their name [47][48] Question: What is the pricing model for the AZT product? - The AZT product will generally follow a monthly recurring revenue model, with some exceptions for upfront payments [99] Question: Are there plans to provide revenue guidance in the future? - There are plans to consider providing guidance, but it is not currently available [141] Question: Why would large enterprises choose the AZT product over developing their own? - The crowded security space and the unique capabilities of the AZT product fill specific needs that existing solutions do not address [167]
CSP (CSPI) - 2024 Q1 - Quarterly Report
2024-02-13 16:00
Table of Contents United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ⌧ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 31, 2023 or ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 0-10843 CSP Inc. (Exact name of Registrant as specified in its charter) Massachusetts 04-2441294 (State or other jurisdi ...
CSP (CSPI) - 2023 Q4 - Earnings Call Transcript
2023-12-12 18:38
CSP Inc. (NASDAQ:CSPI) Q4 2023 Results Conference Call December 12, 2023 10:00 AM ET Company Participants Michael Polyviou - Investor Relations Victor Dellovo - Chief Executive Officer Gary Levine - Chief Financial Officer Conference Call Participants Joseph Nerges - Segren Investments Operator Greetings, and welcome to CSPI's Fourth Quarter and Fiscal Year 2023 Conference Call. At this time, all participants are in a listen-only mode, and a question-and-answer session will follow the formal presentation. [ ...
CSP (CSPI) - 2023 Q4 - Annual Report
2023-12-12 16:00
Table of Contents Special Note Regarding Forward-Looking Statements Factors that may cause such variances include, but are not limited to, our dependence on a small number of customers for a significant portion of our revenue, our dependence on contracts with the U.S. federal government, our reliance in certain circumstances on single sources for supply of key product components, and intense competition in the market segments in which we operate. Given these uncertainties, you should not place undue relianc ...
CSP (CSPI) - 2023 Q3 - Earnings Call Transcript
2023-08-10 01:21
CSP Inc. (NASDAQ:CSPI) Q3 2023 Earnings Conference Call August 9, 2023 10:00 AM ET Company Participants Michael Polyviou - Investor Relations Victor Dellovo - Chief Executive Officer Gary Levine - Chief Financial Officer Conference Call Participants Mike Price - Investor Joseph Nerges - Segren Investments Brett Davidson - Investor Will Lauber - Visionary Wealth Advisors Operator Good morning, and welcome to CSPI's Third Quarter Fiscal Year 2023 Conference Call. At this time, all participants are in a listen ...
CSP (CSPI) - 2023 Q3 - Quarterly Report
2023-08-08 16:00
Our sales increased by approximately $11.6 million, or 31%, to $49.3 million for the nine months ended June 30, 2023 as compared to $37.7 million for the nine months ended June 30, 2022. The increase in sales is the result of an increase of $9.3 million in our TS segment and an increase of approximately $2.3 million in our HPP segment. HPP segment sales change was as follows for the nine months ended June 30, 2023 and 2022: 31 The $11.8 million increase in sales to the Americas was primarily the result of a ...