CSP Inc. reports Q1 EPS 5c vs. (1c) last year

Reports Q1 revenue $15.7M vs. $15.4M last year. “The team did an excellent job of continuing our fourth quarter marketplace momentum, which resulted in a solid start to our fiscal 2025,” commented Victor Dellovo, CEO. “We reported increases in total and services revenue, expanded our gross margin and generated a quarterly net income of $0.05 per common share – diluted. The Technology Solutions business performed well throughout the quarter and generated operating income as the cloud-based business remained strong and the sales to cruise lines increased. Additionally, we signed several new customers for the AZT PROTECT offering and increased both the referenceable industries and customers as we continue to build our presence in the operational technology market and drive the High Performance Products business. Our goal for the remainder of the year is to leverage the momentum, increase the recurring revenue base and scale up the AZT PROTECT business through our partnership with Rockwell Automation and other distributors.”