secwatch.observer — SEC 8-K summary
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Issuer:     CSP INC /MA/ (CSPI)
CIK:        0000356037
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0000356037-24-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356037/000035603724000011/0000356037-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356037/000035603724000011/cspi-20240214x8k.htm
  HTML page:      https://secwatch.observer/filing/0000356037-24-000011

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