CSP Inc ( (CSPI) ) has released its Q1 earnings. Here is a breakdown of the information CSP Inc presented to its investors.
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CSP Inc., a NASDAQ-listed company, specializes in security and packet capture products, managed IT services, and technology solutions, operating primarily in the cybersecurity sector.
For the fiscal first quarter of 2025, CSP Inc. reported continued business momentum with a 2% increase in total revenue to $15.7 million compared to the previous year. The company highlighted a 17% growth in services revenue, alongside an expanded gross margin. The board has declared a quarterly dividend of $0.03 per share.
Key financial metrics showed an increase in gross profit by 11% to $4.6 million, with a net income of $0.5 million, or $0.05 per diluted share, marking a recovery from a net loss in the prior year. The company also saw a robust balance sheet, maintaining $30.7 million in cash and equivalents, enabling it to support its growth strategies, including the AZT PROTECT™ product offering.
CSP Inc. continues to focus on scaling up its AZT PROTECT™ business and increasing its recurring revenue base through partnerships with major distributors. The company remains committed to leveraging current market momentum to achieve sustained growth and profitability.
