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CSP
INC. AND SUBSIDIARIES FINANCIAL DATA
Also See First
Quater Press Release
CSP
INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
| |
December
31, 2003
|
September
30, 2003
|
Assets
|
|
|
Current
assets:
|
|
|
|
Cash and short-term investments |
$11,287
|
$10,494
|
| Accounts
receivable, net |
5,940
|
5,429
|
| Inventories |
2,300
|
2,034
|
| Other
current assets |
2,095
|
2,575
|
| Total
current assets |
21,622
|
20,532
|
| Property,
equipment and improvements, net |
936
|
944
|
| Other
assets |
4,978
|
4,949
|
| Total
assets |
$27,536
|
$26,425
|
| Liabilities
and Shareholders' Equity |
|
|
| Current
liabilities: |
|
|
| Accounts
payable and accrued expenses |
7,145
|
6,483
|
| Total
current liabilities |
7,145
|
6,483
|
| Deferred
compensation and retirement plans |
8,484
|
8,010
|
| Shareholders'
equity |
11,907
|
11,932
|
| Total
liabilities and shareholders' equity |
$27,536
|
$26,425
|
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|
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CSP
INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts
in thousands, except per share data)
(Unaudited)
| |
Three
Months Ended
|
| |
December
31, 2003
|
December
31, 2002
|
| Sales
: |
|
|
| Systems |
$1,028
|
$633
|
|
System and Service integration |
10,175
|
6,867
|
| E-Commerce
software |
294
|
338
|
| Other
software |
303
|
341
|
| Total
sales |
11,800
|
8,179
|
| Cost
of sales: |
|
|
| Systems |
426
|
479
|
| System
and Service integration |
8,321
|
5,579
|
| E-Commerce
software |
82
|
127
|
| Other
software |
74
|
78
|
| Total
cost of sales |
8,903
|
6,263
|
| Gross
Profit |
2,897
|
1,916
|
| Operating
expenses: |
|
|
| Engineering
and development |
766
|
882
|
| Selling,
general & administrative |
2,347
|
1,703
|
| Total
operating expenses |
3,113
|
2,585
|
| Operating
loss |
(216)
|
(669)
|
| Other
income (expense) |
|
|
| Other Income
|
70
|
480
|
Total other income(expense), net
|
70
|
480
|
|
Loss before income taxes |
(146)
|
(189)
|
|
Income
tax benefit
|
82
|
206
|
| Net
Loss |
($228)
|
($395)
|
| Net
Loss per share - basic and diluted |
($0.06)
|
($0.11)
|
| Weighted
average shares outstanding - basic |
3,555
|
3,532
|
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