|
CSP
INC. AND SUBSIDIARIES FINANCIAL DATA
Also See Second
Quater Press Release
CSP
INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
| |
March
31, 2004
|
September
30, 2003
|
Assets
|
|
|
Current
assets:
|
|
|
|
Cash and short-term investments |
$10,223
|
$10,494
|
| Accounts
receivable, net |
7,066
|
5,429
|
| Inventories |
2,623
|
2,034
|
| Other
current assets |
1,322
|
2,575
|
| Total
current assets |
21,234
|
20,532
|
| Property,
equipment and improvements, net |
1,072
|
944
|
| Other
assets |
5,620
|
4,949
|
| Total
assets |
$27,926
|
$26,425
|
| Liabilities
and Shareholders' Equity |
|
|
| Current
liabilities: |
|
|
| Accounts
payable and accrued expenses |
7,065
|
6,483
|
| Total
current liabilities |
7,065
|
6,483
|
| Deferred
compensation and retirement plans |
8,579
|
8,010
|
| Shareholders'
equity |
12,282
|
11,932
|
| Total
liabilities and shareholders' equity |
$27,926
|
$26,425
|
| |
|
|
CSP INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share data )
| |
Three
Months Ended
|
Six
Months Ended
|
| |
Mar
31
2004
|
Mar 31
2003
|
Mar
31
2004
|
Mar
31
2003
|
Sales
:
|
|
|
|
|
| Systems |
$2,155
|
$1,633
|
$3,183
|
$2,266
|
| System
and service integration |
9,162
|
4,126
|
19,337
|
10,993
|
| E-Commerce
software |
348
|
315
|
642
|
653
|
| Other
software |
501
|
339
|
804
|
680
|
| Total
sales |
12,166
|
6,413
|
23,966
|
14,592
|
| Cost
of sales: |
|
|
|
|
| Systems |
733
|
803
|
1,159
|
1,282
|
| System
and service integration |
7,429
|
3,123
|
15,750
|
8,702
|
| E-Commerce
software |
189
|
225
|
271
|
352
|
| Other
software |
178
|
80
|
252
|
159
|
| Total
cost of sales |
8,529
|
4,231
|
17,432
|
10,495
|
| Gross
Profit |
3,637
|
2,182
|
6,534
|
4,097
|
| Operating
expenses: |
|
|
|
|
| Engineering
and development |
732
|
968
|
1,498
|
1,849
|
| Selling,
general & administrative |
2,455
|
1,875
|
4,802
|
3,579
|
| Total
operating expenses |
3,187
|
2,843
|
6,300
|
5,428
|
| Operating
Profit (Loss) |
450
|
(661)
|
234
|
(1,331)
|
| Other
income (expense) |
:
|
|
|
|
| Other Income
|
37
|
753
|
107
|
1,235
|
| Total
other income (expense), net |
37
|
753
|
107
|
1,235
|
|
Income (loss) before income taxes |
487
|
92
|
341
|
(96)
|
| Income
tax provision |
9
|
296
|
91
|
503
|
| Net Income
(loss) |
$478
|
($204)
|
$250
|
($599)
|
| Net
Income (loss) per share - basic |
$0.13
|
($0.06)
|
$0.07
|
($0.17)
|
| Weighted
average shares outstanding - basic |
3,558
|
3,531
|
3,556
|
3,531
|
| Net
Income (loss) per share - diluted |
$0.13
|
($0.06)
|
$0.07
|
($0.17)
|
| Weighted
average shares outstanding - diluted |
3,673
|
3,531
|
3,667
|
3,531
|
|