CSP Inc. Q3 FY2024 revenue $13.1M, net loss $0.2M; services revenue up 10%

CSP INC /MA/

2024-Q3 EPS reported $0.13 revenue$42,186,000

Q3 revenue $13.1M vs $17.7M YoY; net loss $0.2M ($0.02/share) vs net income $2.5M ($0.26/share) YoY.
Services revenue grew 10% to $5.3M; gross margin improved 150 bps to 35.0%.
Cash and equivalents $28.9M (near record); declared $0.03/share quarterly dividend payable Sept 10, 2024.
Added AZT PROTECT customers and new VP of Global Sales; pipeline remains strong.
Company citing normalized run rate and infrastructure build for future growth.

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