CSP Inc. reports Q4 EPS (18c) vs. 15c last year

Reports Q4 revenue $13M vs. $15.3M last year. “Our results for the fiscal fourth quarter and full year were in-line with our internal projections as we completed a sales force transition and built market interest in our AZT PROTECT product line,” commented Victor Dellovo, CEO. “Our business activity towards the end of the quarter was above normal and allowed us to sign several new customers during fiscal 2025 first quarter for both our Technology Solutions and High Performance Products businesses. We believe this momentum increases our growth prospects during fiscal 2025, which is anticipated to be led by continued growth of Managed Services, an increase in our cruise line business, and new AZT PROTECT customers. Our partnership with Rockwell Automation is building and has substantially increased our active AZT PROTECT leads. We have aligned our sales strategy to maximize AZT PROTECT market adoption by focusing on working with partners and distributors. These activities also complement our strategy of focusing on higher margin products and services, which has enabled us to grow the recurring business to 17% of fiscal 2024 sales compared to under 5% of sales just two years ago – with additional growth expected for fiscal 2025.”