secwatch.observer — SEC 8-K summary
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Issuer:     CSP INC /MA/ (CSPI)
CIK:        0000356037
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000356037-24-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CSP Inc. Q2 net income surges to $1.6M; services revenue up 23%, gross margin expands to 47%
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- Net income $1.6M ($0.16 diluted EPS) vs $0.3M ($0.03) a year ago, nearly five-fold increase.
- Revenue $13.7M, up slightly from $13.3M; services revenue grew 23% to $5.2M.
- Gross margin improved to 47% from 38% on higher-margin services and AZT sale.
- Board declared $0.03 quarterly dividend, payable June 12 to holders of record May 24.
- Global pharmaceutical company signed multi-million dollar AZT PROTECT contract; AZT launch expanded to mid-market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356037/000035603724000023/0000356037-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356037/000035603724000023/cspi-20240508x8k.htm
  HTML page:      https://secwatch.observer/filing/0000356037-24-000023

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