|
CSP
INC. AND SUBSIDIARIES FINANCIAL DATA
Also See Third
Quater Press Release
CSP
INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
| |
June 30, 2003
|
September 30, 2002
|
Assets
|
|
|
Current
assets:
|
|
|
|
Cash and short-term investments |
$12,474
|
$15,826
|
| Accounts
receivable, net |
4,099
|
2,500
|
| Inventories |
2,190
|
2,834
|
| Other
current assets |
1,482
|
1,133
|
| Total
current assets |
20,245
|
22,293
|
| Property,
equipment and improvements, net |
855
|
1,182
|
| Other
assets |
5,142
|
2,287
|
| Total
assets |
$26,242
|
$25,762
|
| Liabilities
and Shareholders' Equity |
|
|
| Current
liabilities: |
|
|
| Accounts
payable and accrued expenses |
5,852
|
4,081
|
| Total
current liabilities |
5,852
|
4,081
|
| Deferred
compensation and retirement plans |
7,936
|
7,373
|
| Shareholders'
equity |
12,454
|
14,308
|
| Total
liabilities and shareholders' equity |
$26,242
|
$25,762
|
| |
|
|
CSP
INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts
in thousands, except per share data)
| |
Three
Months Ended
|
Nine
Months Ended
|
| |
June
30, 2003
|
June
30, 2002
|
June
30, 2003
|
June
30, 2002
|
Sales
:
|
|
|
|
|
| Systems |
$1,869
|
$3,075
|
$4,135
|
$6,449
|
| System
and service integration |
4,510
|
3,719
|
15,503
|
11,385
|
| E-business
software |
293
|
578
|
946
|
1,465
|
| Other
software |
289
|
443
|
969
|
1,206
|
| Total
sales |
6,961
|
7,815
|
21,553
|
20,505
|
| Cost
of sales: |
|
|
|
|
| Systems |
770
|
1,728
|
2,052
|
4,215
|
| System
and service integration |
3,667
|
2,893
|
12,369
|
8,999
|
| E-business software |
159
|
373
|
511
|
851
|
| Other
software |
43
|
122
|
202
|
345
|
| Total
cost of sales |
4,639
|
5,116
|
15,134
|
14,410
|
| Gross
Profit |
2,322
|
2,699
|
6,419
|
6,095
|
| Operating
expenses: |
|
|
|
|
| Engineering
and development |
873
|
901
|
2,722
|
2,792
|
| Selling,
general & administrative |
2,011
|
2,058
|
5,590
|
6,365
|
| Total
operating expenses |
2,884
|
2,959
|
8,312
|
9,157
|
| Operating
Loss |
(562)
|
(260)
|
(1,893)
|
(3,062)
|
| Other
income (expense) |
:
|
|
|
|
| Other Income
|
158
|
64
|
1,392
|
168
|
| Total
other income (expense), net |
158
|
64
|
1,392
|
168
|
| Loss before income taxes |
(404)
|
(196)
|
(501)
|
(2,894)
|
| Income
tax expense (benefit) |
(64)
|
(112)
|
438
|
(960)
|
| Net
Loss |
($340)
|
($84)
|
($939)
|
($1,934)
|
| Net
loss per share - basic and diluted |
($0.10)
|
($0.02)
|
($0.27)
|
($0.55)
|
| Weighted
average shares outstanding - basic |
3,537
|
3,523
|
3,533
|
3,522
|
|