secwatch.observer — SEC 8-K summary
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Issuer:     CSP INC /MA/ (CSPI)
CIK:        0000356037
Form:       8-K
Filed at:   2022-02-09T23:59:59+00:00
Accession:  0000356037-22-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CSP Inc. Q1 revenue up 9% to $12.4M but net loss of $366K vs. prior-year profit
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- Revenue $12.4M (+9% YoY); services revenue grew 22% YoY.
- Net loss $(366K) or $(0.09) diluted share vs. net income $1.2M ($0.26) in Q1 2021 which included $2.2M PPP loan gain.
- Gross margin 29.2% vs. 29.7% a year ago; backlog exceeds $15M due to supply chain delays.
- Stock repurchase program reactivated on Dec 29, 2021 for up to 194K shares; no purchases in Q1.
- Cash and equivalents $19.3M as of Dec 31, 2021; management believes sufficient for growth strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356037/000035603722000006/0000356037-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356037/000035603722000006/cspi-20220209x8k.htm
  HTML page:      https://secwatch.observer/filing/0000356037-22-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer