|
CSP
INC. AND SUBSIDIARIES FINANCIAL DATA
Also See Second
Quater Press Release
CSP
INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
| |
March
31, 2005
|
September
30, 2004
|
Assets
|
|
|
Current
assets:
|
|
|
|
Cash and short-term investments |
$15,130
|
$12,895
|
| Accounts
receivable, net |
5,654
|
7,292
|
| Inventories |
4,048
|
3,611
|
| Other
current assets |
1,331
|
878
|
| Total
current assets |
26,163
|
24,676
|
| Property,
equipment and improvements, net |
1,157
|
1,213
|
| Other
assets |
5,774
|
5,224
|
| Total
assets |
$33,094
|
$31,113
|
| Liabilities
and Shareholders' Equity |
|
|
| Current
liabilities: |
|
|
| Accounts
payable and accrued expenses |
9,472
|
9,253
|
| Total
current liabilities |
9,472
|
9,253
|
| Deferred
compensation and retirement plans |
8,224
|
7,717
|
| Other long term liabilities
|
129
|
119
|
| Shareholders'
equity |
15,269
|
14,024
|
| Total
liabilities and shareholders' equity |
$33,094
|
$31,113
|
| |
|
|
CSP INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share data )
| |
Three
Months Ended
|
Six
Months Ended
|
| |
Mar
31
2005
|
Mar 31
2004
|
Mar
31
2005
|
Mar
31
2004
|
Sales
:
|
|
|
|
|
| Product |
$15,622
|
$9,123
|
$26,834
|
$17,908
|
| Service |
3,339
|
3,043
|
6,501
|
6,058
|
| Total
sales |
18,961
|
12,166
|
33,335
|
23,966
|
| Cost
of sales: |
|
|
|
|
| Product |
11,657
|
6,470
|
20,024
|
13,593
|
| Service |
2,371
|
2,130
|
4,462
|
3,986
|
| Total
cost of sales |
14,028
|
8,600
|
24,486
|
17,579
|
| Gross
Profit |
4,933
|
3,566
|
8,849
|
6,387
|
| Operating
expenses: |
|
|
|
|
| Engineering
and development |
789
|
661
|
1,653
|
1,351
|
| Selling,
general & administrative |
3,228
|
2,455
|
5,836
|
4,802
|
| Total
operating expenses |
4,017
|
3,116
|
7,489
|
6,153
|
| Operating
Income |
916
|
450
|
1,360
|
234
|
|
Other income (expense), net |
90
|
37
|
81
|
107
|
|
Income before income taxes |
1,006
|
487
|
1,441
|
341
|
| Provision for income taxes |
256
|
9
|
454
|
91
|
| Net Income
|
$750
|
$478
|
$987
|
$250
|
| Net
Income per share - basic |
$0.21
|
$0.13
|
$0.28
|
$0.07
|
| Weighted
average shares outstanding - basic |
3,591
|
3,558
|
3,584
|
3,556
|
| Net
Income per share - diluted |
$0.20
|
$0.13
|
$0.26
|
$0.07
|
| Weighted
average shares outstanding - diluted |
3,814
|
3,673
|
3,811
|
3,667
|
|