CSP Inc. reports Q4 revenue $10.0M, net income $818k; gross margin expands to 41.7%

CSP INC /MA/

Revenue $10.0M (down 30% YoY) due to COVID/supply chain; net income $818k ($0.19/share).
Gross margin 41.7% (vs 31.0% YoY), 8th consecutive quarter of improvement on higher-margin mix.
Record backlog $13M, up 165% YoY; services revenue grew 27% YoY.
Full-year revenue $49.2M (down 20% YoY); net income from continuing ops $234k vs loss $1.4M prior year.
Cash $20.0M; one-time $465k gain from German subsidiary sale.

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