|
CSP
INC. AND SUBSIDIARIES FINANCIAL DATA
Also See Third
Quater Press Release
CSP
INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
| |
June
30, 2004
|
September
30, 2003
|
Assets
|
|
|
Current
assets:
|
|
|
|
Cash and short-term investments |
$12,262
|
$10,494
|
| Accounts
receivable, net |
7,326
|
5,429
|
| Inventories |
2,739
|
2,034
|
| Other
current assets |
1,155
|
2,575
|
| Total
current assets |
23,482
|
20,532
|
| Property,
equipment and improvements, net |
1,046
|
944
|
| Other
assets |
5,591
|
4,949
|
| Total
assets |
$30,119
|
$26,425
|
| Liabilities
and Shareholders' Equity |
|
|
| Current
liabilities: |
|
|
| Accounts
payable and accrued expenses |
8,735
|
6,483
|
| Total
current liabilities |
8,735
|
6,483
|
| Other Liabilities |
8,643
|
8,010
|
| Shareholders'
equity |
12,741
|
11,932
|
| Total
liabilities and shareholders' equity |
$30,119
|
$26,425
|
| |
|
|
CSP INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share data )
| |
Three
Months Ended
|
Six
Months Ended
|
| |
Jun
30
2004
|
Jun 30
2003
|
Jun
30
2004
|
Jun
30
2003
|
Sales
:
|
|
|
|
|
| Systems |
$2,709
|
$1,869
|
$5,892
|
$4,135
|
| System
and service integration |
10,970
|
4,510
|
30,307
|
15,503
|
| E-Commerce
software |
352
|
293
|
994
|
946
|
| Other
software |
270
|
289
|
1,074
|
969
|
| Total
sales |
14,301
|
6,961
|
38,267
|
21,553
|
| Cost
of sales: |
|
|
|
|
| Systems |
1,071
|
770
|
2,230
|
2,052
|
| System
and service integration |
8,923
|
3,667
|
24,673
|
12,369
|
| E-Commerce
software |
146
|
159
|
417
|
511
|
| Other
software |
52
|
43
|
304
|
202
|
| Total
cost of sales |
10,192
|
4,639
|
27,624
|
15,134
|
| Gross
Profit |
4,109
|
2,322
|
10,643
|
6,419
|
| Operating
expenses: |
|
|
|
|
| Engineering
and development |
794
|
873
|
2,292
|
2,722
|
| Selling,
general & administrative |
2,692
|
2,011
|
7,494
|
5,590
|
| Total
operating expenses |
3,486
|
2,884
|
9,786
|
8,312
|
| Operating
Profit (Loss) |
623
|
(562)
|
857
|
(1,893)
|
| Other
income (expense) |
(9)
|
158
|
98
|
1,392
|
| Total
other income (expense), net |
(9)
|
158
|
98
|
1,392
|
|
Income (loss) before income taxes |
614
|
(404)
|
955
|
(501)
|
| Income
tax provision (benefit) |
176
|
(64)
|
267
|
438
|
| Net Income
(loss) |
$438
|
($340)
|
$688
|
($939)
|
| Net
Income (loss) per share - basic |
$0.12
|
($0.10)
|
$0.19
|
($0.27)
|
| Weighted
average shares outstanding - basic |
3,566
|
3,537
|
3,559
|
3,533
|
| Net
Income (loss) per share - diluted |
$0.12
|
($0.10)
|
$0.18
|
($0.27)
|
| Weighted
average shares outstanding - diluted |
3,746
|
3,537
|
3,741
|
3,533
|
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