|
CSP
INC. AND SUBSIDIARIES FINANCIAL DATA
Also See Second
Quater Press Release
CSP
INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
| |
March 31, 2003
|
September 30, 2002
|
Assets
|
|
|
Current
assets:
|
|
|
|
Cash and short-term investments |
$14,605
|
$15,826
|
| Accounts
receivable, net |
2,973
|
2,500
|
| Inventories |
2,496
|
2,834
|
| Other
current assets |
979
|
1,133
|
| Total
current assets |
21,053
|
22,293
|
| Property,
equipment and improvements, net |
898
|
1,182
|
| Other
assets |
2,339
|
2,287
|
| Total
assets |
$24,290
|
$25,762
|
| Liabilities
and Shareholders' Equity |
|
|
| Current
liabilities: |
|
|
| Accounts
payable and accrued expenses |
3,893
|
4,081
|
| Total
current liabilities |
3,893
|
4,081
|
| Deferred
compensation and retirement plans |
7,620
|
7,373
|
| Shareholders'
equity |
12,777
|
14,308
|
| Total
liabilities and shareholders' equity |
$24,290
|
$25,762
|
| |
|
|
CSP
INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts
in thousands, except per share data)
| |
Three
Months Ended
|
Six
Months Ended
|
| |
March
31, 2003
|
March
31, 2002
|
March
31, 2003
|
March
31, 2002
|
Sales
:
|
|
|
|
|
| Systems |
$1,633
|
$1,724
|
$2,266
|
$3,374
|
| System
and service integration |
4,126
|
3,507
|
10,993
|
7,666
|
| E-business
software |
315
|
576
|
653
|
887
|
| Other
software |
339
|
383
|
680
|
763
|
| Total
sales |
6,413
|
6,190
|
14,592
|
12,690
|
| Cost
of sales: |
|
|
|
|
| Systems |
803
|
1,362
|
1,282
|
2,487
|
| System
and service integration |
3,123
|
2,978
|
8,702
|
6,106
|
| E-business software |
225
|
221
|
352
|
478
|
| Other
software |
80
|
104
|
159
|
223
|
| Total
cost of sales |
4,231
|
4,665
|
10,495
|
9,294
|
| Gross
Profit |
2,182
|
1,525
|
4,097
|
3,396
|
| Operating
expenses: |
|
|
|
|
| Engineering
and development |
968
|
927
|
1,849
|
1,891
|
| Selling,
general & administrative |
1,875
|
2,055
|
3,579
|
4,307
|
| Total
operating expenses |
2,843
|
2,982
|
5,428
|
6,198
|
| Operating
Loss |
(661)
|
(1,457)
|
(1,331)
|
(2,802)
|
| Other
income (expense) |
:
|
|
|
|
| Other Income
|
753
|
55
|
1,235
|
104
|
| Total
other income (expense), net |
753
|
55
|
1,235
|
104
|
|
Income (Loss) before income taxes |
92
|
(1,402)
|
(96)
|
(2,698)
|
| Income
tax expense (benefit) |
296
|
(495)
|
503
|
(848)
|
| Net
Loss |
($204)
|
($907)
|
($599)
|
($1,850)
|
| Net
loss per share - basic and diluted |
($0.06)
|
($0.26)
|
($0.17)
|
($0.53)
|
| Weighted
average shares outstanding - basic |
3,531
|
3,522
|
3,531
|
3,522
|
|