CSP Inc. Q1 revenue $18.3M (+48% YoY), EPS $0.21 (vs -$0.09); declares $0.03 dividend

CSP INC /MA/

2023-Q1 EPS reported $0.21 revenue$18,344,000

Revenue $18.3M, up 48% from $12.4M in prior-year Q1; net income $1.0M vs loss of $0.4M.
EPS $0.21 diluted vs $(0.09) loss per share in fiscal Q1 2022; gross margin 31.7% (up from 29.2%).
Gross backlog $22.9M as of Dec 31, 2022; converted $3.2M backlog to revenue and added $2.9M new orders.
Board declared quarterly cash dividend of $0.03 per share, payable March 14, 2023 to holders of record Feb 24.
High-Performance Products revenue more than doubled YoY on a sizeable customer engagement.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CSP INC /MA/ reported fiscal 2023 first quarter ended December 31, 2022 results: revenue $18.3 million, net income $1.0 million, EPS $0.21 per diluted common share.

Period: fiscal 2023 first quarter ended December 31, 2022
Revenue: $18.3 million
Net income: $1.0 million
EPS: $0.21 per diluted common share
Result: reported results

Exact text from the filing

Revenue for the fiscal 2023 first quarter was $18.3 million, a 48% increase compared to $12.4 million in the year-ago fiscal first quarter as the Company continued to achieve significantly improved operating results despite the current economic environment and continued supply chain issues with some system component providers.

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Source: SEC EDGAR

accession 0000356037-23-000011

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