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CSP Inc. (CSPI)
9.10 +0.11 (1.22%)
Pre-Market: 4:31AM EDT
Chart Events
Performance Outlook
| Previous Close | 8.78 |
| Open | 8.93 |
| Bid | 8.45 x 3000 |
| Ask | 9.10 x 1100 |
| Day's Range | 8.61 - 9.00 |
| 52 Week Range | 6.75 - 14.33 |
| Volume | 7,570 |
| Avg. Volume | 14,854 |
| Market Cap | 39.366M |
| Beta (5Y Monthly) | 1.81 |
| PE Ratio (TTM) | 195.65 |
| EPS (TTM) | 0.05 |
| Earnings Date | Feb 11, 2021 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Feb 27, 2020 |
| 1y Target Est | N/A |
Fair Value
Related Research
- GlobeNewswire
ARIA Cybersecurity Enhances MVA Feature Set to Include Support for GigE Vision 2.0
MVA-enabled Myricom SmartNIC provides a virtual frame capture for high-speed Ethernet camerasBOSTON, April 08, 2021 (GLOBE NEWSWIRE) -- ARIA Cybersecurity Solutions, a CSPi business (NASDAQ: CSPi) that delivers a software-defined approach for improved cyber-attack incident response, today announced that it has released Machine Vision Acceleration (MVA) 2.0 software with compatibility for the GigE Vision 2.1 standard. The rich feature set in MVA 2.0 is optimized for image-intense applications found in industrial imaging equipment, military prime contractors and content creation. Companies using Machine Vision will find MVA paired with an ARIA Cybersecurity’s Myricom SmartNIC to be a cost-effective, zero-loss solution for full 10 GbE wire-rate for GigE-Vision-enabled devices. The MVA software consumes negligible processing power of a single host CPU core when receiving 2 MB frames at 10GbE line rate. A single MVA-equipped server can support up to eight 10GigE Vision cameras or up to sixty-four 1GigE Vision cameras. A key benefit of the solution is the use of GigE Vision Streaming Protocol (GVSP). The MVA software supports both GVSP version 1.2 or 2.1, and therefore is able to generate interrupts to wake up the receiving host application at exactly the right time – when the frame is available in the user buffer. MVA 2.0-enabled Myricom SmartNICs are available now and can be ordered by contacting: ARIAsales@ariacybersecurity.com Learn more about Myricom SmartNICsLearn more about MVA ABOUT ARIA CYBERSECURITY SOLUTIONS ARIA Cybersecurity Solutions, a business of CSPi Inc., recognizes that better, stronger, more effective cybersecurity starts with a smarter approach. Our solutions provide new ways to monitor internal traffic while capturing and feeding the right mix of analytics to security tools like SIEMs or our ARIA ADR solution to substantially improve threat detection and surgically disrupt cyberattacks and data exfiltrations. Customers in a range of industries rely on our solutions to improve their security posture—no matter their environment. ARIA Cybersecurity Solutions include ARIA Software-Defined Security (SDS), Myricom SmartNIC network adapters, and nVoy Security appliances. With a proven track record supporting the Department of Defense and many intelligence agencies in their war on terror, and an award-winning portfolio of security solutions, ARIA Cybersecurity Solutions is committed to leading the way to ensure cybersecurity success. Learn more at ARIACybersecurity.com Amy CareyVP, Marketingamy.carey@ariacybersecurity.com
- GlobeNewswire
ARIA Cybersecurity Secures Two Cybersecurity Excellence Awards
Received for Best Cybersecurity Products in Threat Detection and Response and Network Traffic AnalysisBOSTON, March 24, 2021 (GLOBE NEWSWIRE) -- ARIA Cybersecurity Solutions, a CSPi business (NASDAQ: CSPi) that delivers a software-defined approach for improved cyber-attack incident response, announced that it received two gold awards from the Cybersecurity Excellence Awards. The ARIA Advanced Detection Response (ADR) solution and ARIA Packet Intelligence (PI) solution were selected due to their innovative approaches to find and stop cyber-attacks, including ransomware, malware and zero-day attacks. Threat Detection, Intelligence and Response ARIA ADR automatically finds and stops network-borne threats as soon as they cross the network, and most importantly, before harm occurs. The single platform solution provides an AI-driven security operations center (SOC) that provides organizations all the benefits of a traditional SOC at a fraction of the cost. Unlike other solutions, ARIA ADR provides full threat-surface coverage— for on-premises infrastructure, data centers, remote devices, and cloud environments, and can be operated anywhere by IT resources with little to no cybersecurity training. Network Traffic AnalysisThe ARIA PI application enables complete visibility into an organization’s network, including typically unmonitored lateral traffic patterns. It watches all communications and generates analytics for every packet. SOCs using security tools such as SIEMs or the ARIA ADR solution leverage this enriched data to detect and then stop network-borne threats. “Modern cyber-attacks are evolving, and the traditional tools and resources are having a hard time finding them,” said Gary Southwell, GM, ARIA Cybersecurity Solutions. “This is why so many devastating zero-day attacks are happening – SolarWinds and the Microsoft Exchange Server attacks are just two high-profile examples. We took a look at the top industry challenges, such as lack of automation, visibility and the immense noise that analysts need to deal with daily. Those became the tenets of our ARIA SDS application portfolio—to stop or prevent these attacks and provide organizations a better security posture.” About the 2021 Cybersecurity Excellence Awards The 2021 Cybersecurity Excellence Awards recognize companies, products and individuals that demonstrate excellence, innovation and leadership in information security. These awards are produced by Cybersecurity Insiders in partnership with the Information Security Community on LinkedIn, tapping into the vast experience of over 400,000+ cybersecurity professionals to honor the world's best cybersecurity products, professionals and organizations. ABOUT ARIA CYBERSECURITY SOLUTIONS ARIA Cybersecurity Solutions, a business of CSPi Inc., recognizes that better, stronger, more effective cybersecurity starts with a smarter approach. Our solutions provide new ways to monitor internal traffic while capturing and feeding the right mix of analytics to security tools like SIEMs or our ARIA ADR solution to substantially improve threat detection and surgically disrupt cyberattacks and data exfiltrations. Customers in a range of industries rely on our solutions to improve their security posture—no matter their environment. ARIA Cybersecurity Solutions include ARIA Software-Defined Security (SDS), Myricom SmartNIC network adapters, and nVoy Security appliances. With a proven track record supporting the Department of Defense and many intelligence agencies in their war on terror, and an award-winning portfolio of security solutions, ARIA Cybersecurity Solutions is committed to leading the way to ensure cybersecurity success. Learn more at ARIACybersecurity.com Amy Careyamy.carey@ariacybersecurity.com
- GlobeNewswire
CSP Inc. Reports Fiscal First Quarter 2021 Results; Fifth Consecutive Quarter of Year-Over-Year Gross Margin Improvement
Company Experiencing Rising Interest of ARIA Advanced Detection and Response (ADR) Solution to Address Cyber AttacksLOWELL, Mass., Feb. 11, 2021 (GLOBE NEWSWIRE) -- CSP Inc. (NASDAQ: CSPI), an award-winning provider of security and packet capture products, managed IT and professional services and technology solutions, reported financial and operating results for the 2021 fiscal first quarter and provided a business update. First Quarter Operating Highlights and Recent Achievements Favorable revenue mix led to a gross margin improvement of 5.8 percentage points compared to the year-ago fiscal first quarterRecent large-scale cyber-attack and new Cloud offering creating new customer opportunities for ARIA’s Advanced Detection and Response solutionARIA microHSM solution gains traction with new customersMaintained strong balance sheet to execute growth strategies “Our strategy to transition to higher margin products and services is reflected in this quarter’s operating performance as we delivered our fifth consecutive quarter of year-over-year gross margin improvement, despite the declining revenue due to COVID-19,” commented Victor Dellovo, Chief Executive Officer. “Further, our response to the recent and well-chronicled cyber-attack reinforces our commitment of becoming a leading cybersecurity company, as we are experiencing a heightened level of interest for the ARIA Advanced Detection and Response solution. In addition, we just launched ARIA CloudADR to help provide organizations with COVID-19 tightened budgets, a lower entry cost solution to help protect against cybersecurity threats. As such, we believe we have a substantial opportunity ahead of us as our fiscal year unfolds. Overall, we continue to weather the COVID-19 impacts, and with a solid balance sheet we believe we have the resources to manage the business and are positioned to execute our operating strategies when our target customers are able to introduce new solutions into their operations.” Fiscal Year 2021 First Quarter Results Revenue for the fiscal first quarter was $11.4 million, compared to $16.9 million in the year-ago fiscal first quarter, which was the last full quarter prior to the business disruption caused by the COVID-19 pandemic. Gross profit for the fiscal first quarter was $3.4 million, or 29.7% of sales, compared with $4.0 million, or 23.9% of sales, in the year-ago fiscal first quarter, reflecting improved product gross margin percentage plus a mix of higher margin services business. The Company reported a net income of $1.2 million in the first fiscal quarter, or $0.27 per share - basic, compared with a net loss of $(0.5) million or $(0.14) per share - basic, for the first quarter of fiscal 2020. The 2021 fiscal first quarter includes a gain on debt extinguishment of the Paycheck Protection Plan SBA Loans at the TS and HPP segment totaling $2.2 million, which was established as part of the CARES Act loan. At December 31, 2020, the Company had cash and cash equivalents of $19.9 million. Conference Call Details CSPi Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call at 10:00 a.m. (ET) today to review CSPi’s financial results and provide a business update. To listen to a live webcast of the call, please visit the “Investor Relations” section of the Company’s website at www.cspi.com. Individuals may also listen to the call via telephone, by dialing 877-876-9173 or 785-424-1667 and using the conference ID: CSPQ121 when greeted by the live operator. For interested parties unable to participate in the live call, an archived version of the webcast will be available for approximately one year on CSPi’s website. About CSPi CSPi (NASDAQ: CSPI) operates two divisions, each with unique expertise in designing and implementing technology solutions to help their customers use technology to success. The High Performance Product division, including ARIA Cybersecurity Solutions, originated from supporting initiatives for the Department of Defense and Western intelligence agencies related to network monitoring, data protection, and intelligence initiatives. This focused mindset now results in foolproof data protection, enterprise wide. Our ARIA Software Defined Security solutions set provides enhanced network security, as well as accelerating incident response capabilities, while our Myricom nVoy Series appliances provide automated breach identification and notification, enabled by the 10G drop less packet capture inherent in our Myricom intelligent adapters. CSPi’s Technology Solutions division helps clients achieve their business goals and accelerate time to market through innovative IT solutions and professional services by partnering with best-in-class technology providers. For organizations that want the benefits of an IT department without the cost, we offer a robust catalog of Managed IT Services providing 24×365 proactive support. Our team of engineers have expertise across major industries supporting five key technology areas: Advanced Security; Communication and Collaboration; Data Center; Networking; and Wireless & Mobility. Safe Harbor The Company wishes to take advantage of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995 with respect to statements that may be deemed to be forward-looking under the Act. Such forward-looking statements may include, but are not limited to, in addition, we just launched ARIA CloudADR to help provide organizations with COVID-19 tightened budgets, a lower entry cost solution to help protect against cybersecurity threats. As such, we believe we have a substantial opportunity ahead of us as our fiscal year unfolds, we continue to weather the COVID-19 impacts, and with a solid balance sheet we believe we have the resources to manage the business and are positioned to execute our operating strategies when our target customers are able to introduce new solutions into their operations. The Company cautions that numerous factors could cause actual results to differ materially from forward-looking statements made by the Company. Such risks include general economic conditions, market factors, competitive factors and pricing pressures, and others described in the Company's filings with the Securities and Exchange Commission (“SEC”). Please refer to the section on forward-looking statements included in the Company's filings with the SEC. Contact:Gary Levine Chief Financial Officer CSPi gary.levine@cspi.com CSP INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands) December 31, 2020 September 30, 2020 (Unaudited) Assets Current assets: Cash and short-term investments $19,927 $19,264Accounts receivable, net 12,122 13,362Inventories 5,846 5,285Other current assets 4,044 3,678Total current assets 41,939 41,589Property, equipment and improvements, net 978 1,047Operating lease right-of-use assets 1,847 2,014Long-term receivable 3,542 3,642Other assets 4,731 5,353Total assets $53,037 $53,645 Liabilities and Shareholders’ Equity Current liabilities $11,953 $12,977Pension and retirement plans 6,767 6,471Operating lease liabilities 1,216 1,390Notes Payable 1,109 2,485Other non-current liabilities 740 788Shareholders’ equity 31,252 29,534Total liabilities and shareholders’ equity $53,037 $53,645 CSP INC. AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Amounts in thousands, except per share data ) Three months ended December 31, December 31, 2020 2019Sales: Product $8,408 $13,559 Services 2,980 3,299 Total sales 11,388 16,858 Cost of sales: Product 6,949 11,604 Services 1,061 1,223 Total cost of sales 8,010 12,827 Gross profit 3,378 4,031 Operating expenses: Engineering and development 729 672 Selling, general and administrative 3,186 3,761 Total operating expenses 3,915 4,433 Operating loss (537) (402) Other income (expense), net 1,798 (208) Income (loss) before income taxes 1,261 (610) Income tax (benefit) expense 110 (70) Net income (loss) 1,151 (540)Net income (loss) attributable to common stockholders $1,097 $(540) Net income (loss) per share – basic $0.27 $(0.14)Weighted average shares outstanding – basic 4,074 3,963 Net income (loss) per share – diluted $0.26 $(0.14)Weighted average shares outstanding – diluted 4,172 3,963
