CSP Inc. Q1 FY2024: Revenue down 16% YoY to $15.4M, net loss $73K; raises quarterly dividend to $0.05

CSP INC /MA/

2024-Q1 EPS reported -$0.02 revenue$15,375,000

Revenue $15.4M vs $18.3M prior year; gross margin 26.6% vs 31.7%.
Net loss $73K ($0.02 diluted EPS) vs net income $1.0M ($0.21) in Q1 FY2023.
Quarterly dividend raised to $0.05/share, payable March 8, 2024, record Feb 26.
Multi-million dollar AZT Zero Trust contract with global pharma company; multi-million 5-year IT services renewal with Florida college.
Cash $25.6M, balance sheet robust.

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