CSP reports Q3 FY2021 net loss $0.4M vs $0.2M loss prior year; revenue flat at $13.7M

CSP INC /MA/

2021-Q3 EPS reported -$0.03 revenue$39,197,000

Revenue $13.7M vs $13.8M prior year; gross margin improved to 30.7% from 30.4% (7th consecutive quarterly improvement).
Net loss of $0.4M ($0.10 loss per share) vs $0.2M loss ($0.05 loss per share) in Q3 FY2020.
Cash and cash equivalents $19.7M, up $0.4M from fiscal year-end 2020.
Nine-month revenue $39.2M (down from $47.5M); net loss narrowed to $0.1M from $1.5M; includes $2.2M PPP loan forgiveness gain.
Signed multi-million-dollar cloud contract; ARIA ADR orders from three new customers; over two dozen leads in sales funnel.

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