CSP Inc. Q3 net income $0.7M vs loss; reinstates $0.03 quarterly dividend

CSP INC /MA/

2022-Q3 EPS reported $0.11 revenue$37,676,000

Revenue $13.3M vs $13.7M YoY; net income $0.7M ($0.15 diluted EPS) vs net loss $(0.4M) ($(0.10) loss).
Gross margin 37.3% vs 30.8% YoY; services revenue up 37%.
Record gross backlog $23.8M ($17.3M at March 31, 2022).
Board reinstates quarterly dividend of $0.03/share, payable Sept 9, 2022.
Cash $21.4M; repurchased ~7,000 shares in quarter.

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