|
CSP
INC. AND SUBSIDIARIES FINANCIAL DATA
Also See First
Quater Press Release
CSP
INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
| |
December
31, 2004
|
September
30, 2004
|
Assets
|
|
|
Current
assets:
|
|
|
|
Cash and short-term investments |
$10,629
|
$12,895
|
| Accounts
receivable, net |
8,734
|
7,292
|
| Inventories |
4,045
|
3,611
|
| Other
current assets |
1,490
|
878
|
| Total
current assets |
24,898
|
24,676
|
| Property,
equipment and improvements, net |
1,224
|
1,213
|
| Other
assets |
5,273
|
5,224
|
| Total
assets |
$31,395
|
$31,113
|
| Liabilities
and Shareholders' Equity |
|
|
| Current
liabilities: |
|
|
| Accounts
payable and accrued expenses |
8,467
|
9,253
|
| Total
current liabilities |
8,467
|
9,253
|
| Deferred
compensation and retirement plans |
8,211
|
7,717
|
| Other long term liabilities
|
111
|
119
|
| Shareholders'
equity |
14,606
|
14,024
|
| Total
liabilities and shareholders' equity |
$31,395
|
$31,113
|
| |
|
|
CSP
INC. AND SUBSIDIARIES
UNAUDITED
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts
in thousands, except per share data)
(Unaudited)
| |
Three
Months Ended
|
| |
December
31, 2004
|
December
31, 2003
|
| Sales
: |
|
|
| Product |
$11,211
|
$8,785
|
| Service |
3,162
|
3,015
|
Total
sales |
14,373
|
11,800
|
| Cost
of sales: |
|
|
| Product |
8,367
|
7,123
|
| Service |
2,071
|
1,857
|
| Total
cost of sales |
10,438
|
8,980
|
| Gross
Profit |
3,935
|
2,820
|
| Operating
expenses: |
|
|
| Engineering
and development |
823
|
689
|
| Selling,
general & administrative |
2,669
|
2,347
|
| Total
operating expenses |
3,492
|
3,036
|
| Operating profit
(loss) |
443
|
(216)
|
| Other
income (expense) |
|
|
| Other income (expense)
|
(9)
|
70
|
Total other income(expense), net
|
(9)
|
70
|
|
Income (loss) before income taxes |
434
|
(146)
|
|
Provision for income
tax
|
197
|
82
|
| Net Income
(loss) |
$237
|
($228)
|
| Net Income
(loss) per share - diluted |
$0.06
|
($0.06)
|
| Weighted
average shares outstanding - diluted |
3,860
|
3,555
|
|