Revenue Performance - Revenue for the fiscal fourth quarter ended September 30, 2024, was $13.0 million, a decrease of 15.0% compared to $15.3 million in the same quarter of the previous year[4] - For the full fiscal year 2024, revenue was $55.2 million, down from $64.6 million in fiscal 2023, representing a decline of 14.5%[7] Profitability - The company reported a net loss of $(1.7) million, or $(0.18) per diluted common share, compared to net income of $1.4 million, or $0.15 per diluted common share for the same quarter last year[4] - Gross profit for fiscal year 2024 was $18.9 million, or 34.1% of sales, compared to $21.9 million, or 33.9% of sales in the previous year[7] Recurring Revenue - Recurring revenue increased to approximately 17% of total revenue for fiscal 2024, up from under 5% two years ago[3] Cash Position - The company had cash and cash equivalents of $30.6 million as of September 30, 2024, allowing for the implementation of growth strategies[5] Business Development - The partnership with Rockwell Automation generated over 100 new business leads for the AZT PROTECT™ product line[2] - The company signed over 10 new customers in the cloud-based business during the fourth quarter[2] - The cruise line business is positioned for strong bookings and pipeline for fiscal year 2025[2] Dividend Declaration - The board declared a quarterly dividend of $0.03 per share, payable on January 15, 2025[1]
CSP (CSPI) - 2024 Q4 - Annual Results