|
CSP
INC. AND SUBSIDIARIES FINANCIAL DATA
Also See First
Quater Press Release
CSP
INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
| |
December
31, 2002
|
September
30, 2002
|
Assets
|
|
|
Current
assets:
|
|
|
|
Cash and short-term investments |
$13,508
|
$15,826
|
| Accounts
receivable, net |
4,756
|
2,500
|
| Inventories |
2,949
|
2,834
|
| Other
current assets |
1,401
|
1,133
|
| Total
current assets |
22,614
|
22,293
|
| Property,
equipment and improvements, net |
1,057
|
1,182
|
| Other
assets |
2,315
|
2,287
|
| Total
assets |
$25,986
|
$25,762
|
| Liabilities
and Shareholders' Equity |
|
|
| Current
liabilities: |
|
|
| Accounts
payable and accrued expenses |
4,761
|
4,081
|
| Total
current liabilities |
4,761
|
4,081
|
| Deferred
compensation and retirement plans |
7,581
|
7,373
|
| Shareholders'
equity |
13,644
|
14,308
|
| Total
liabilities and shareholders' equity |
$25,986
|
$25,762
|
| |
|
|
CSP
INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts
in thousands, except per share data)
(Unaudited)
| |
Three
Months Ended
|
| |
December
31, 2002
|
December
31, 2001
|
| Sales
: |
|
|
| Systems |
$633
|
$1,650
|
|
System and Service integration |
6,867
|
4,159
|
| E-Commerce
software |
338
|
311
|
| Other
software |
341
|
380
|
| Total
sales |
8,179
|
6,500
|
| Cost
of sales: |
|
|
| Systems |
479
|
1,125
|
| System
and Service integration |
5,579
|
3,128
|
| E-Commerce
software |
127
|
257
|
| Other
software |
78
|
119
|
| Total
cost of sales |
6,263
|
4,629
|
| Gross
Profit |
1,916
|
1,871
|
| Operating
expenses: |
|
|
| Engineering
and development |
882
|
964
|
| Selling,
general & administrative |
1,703
|
2,252
|
| Total
operating expenses |
2,585
|
3,216
|
| Operating
loss |
(669)
|
(1,345)
|
| Other
income (expense) |
|
|
| Other Income
|
480
|
49
|
Total other income(expense), net
|
480
|
49
|
|
Loss before income taxes |
(189)
|
(1,296)
|
|
Income
tax benefit
|
206
|
(353)
|
| Net
Loss |
($395)
|
($943)
|
| Net
Loss per share - basic and diluted |
($0.11)
|
($0.27)
|
| Weighted
average shares outstanding - basic |
3,532
|
3,523
|
|