|
CSP
INC. AND SUBSIDIARIES FINANCIAL DATA
Also See Third
Quater Press Release
CSP
INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
| |
June
30, 2005
|
September
30, 2004
|
Assets
|
|
|
Current
assets:
|
|
|
|
Cash and short-term investments |
$14,257
|
$12,735
|
| Accounts
receivable, net |
5,608
|
7,161
|
| Inventories |
4,166
|
3,599
|
| Other
current assets |
1,445
|
852
|
|
Current assets of discontinued operations |
--
|
329
|
| Total
current assets |
25,476
|
24,676
|
| Property,
equipment and improvements, net |
1,152
|
1,201
|
| Other
assets |
5,703
|
5,001
|
|
Non current assets of discontinued operations |
--
|
235
|
| Total
assets |
$32,331
|
$31,113
|
| Liabilities
and Shareholders' Equity |
|
|
| Current
liabilities: |
|
|
| Accounts
payable and accrued expenses |
8,709
|
9,171
|
| Current liabilities
of discontinued operations |
--
|
82
|
| Total
current liabilities |
8,709
|
9,253
|
| Deferred
pension and retirement plans |
7,793
|
7,717
|
| Other long term liabilities
|
148
|
119
|
| Shareholders'
equity |
15,681
|
14,024
|
| Total
liabilities and shareholders' equity |
$32,331
|
$31,113
|
| |
|
|
CSP INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share data )
| |
Three
Months Ended
|
Nine
Months Ended
|
| |
June
30
2005
|
June 30
2004
|
June 30
2005
|
June 30
2004
|
Sales
:
|
|
|
|
|
| Product |
$7,621
|
$6,698
|
$33,926
|
$23,827
|
| Service |
3,931
|
7,334
|
10,431
|
13,366
|
| Total
sales |
11,543
|
14,032
|
44,357
|
37,193
|
| Cost
of sales: |
|
|
|
|
| Product |
5,774
|
8,336
|
25,703
|
21,677
|
| Service |
2,202
|
1,805
|
6,664
|
5,791
|
| Total
cost of sales |
7,976
|
10,141
|
32,367
|
27,468
|
| Gross
Profit |
3,567
|
3,891
|
11,990
|
9,725
|
| Operating
expenses: |
|
|
|
|
| Engineering
and development |
602
|
704
|
2,066
|
1,825
|
| Selling,
general & administrative |
2,771
|
2,545
|
8,299
|
6,962
|
| Total
operating expenses |
3,373
|
3,249
|
10,365
|
8,787
|
| Operating
Income |
194
|
642
|
1,625
|
938
|
| Other Income (expense):
|
|
|
|
|
|
Other income (expense) |
68
|
(9)
|
149
|
98
|
|
Total other income (expense), net |
68
|
(9)
|
149
|
98
|
|
Income from continuing operations before income taxes |
262
|
633
|
1,774
|
1,036
|
| Provision for income taxes |
97
|
176
|
557
|
267
|
| Net Income from continuing operations:
|
$165
|
$457
|
$1,217
|
$769
|
| Income (loss) from discontinued operations:
|
$46
|
($19)
|
($19)
|
($81)
|
| Net Income:
|
$211
|
$438
|
$1,198
|
$688
|
|
Income per share from continuing operations - basic |
$0.05
|
$0.13
|
$0.34
|
$0.22
|
|
Income (loss) per share from discontinued operations - basic |
$0.01
|
($0.01)
|
($0.01)
|
($0.03)
|
| Net
Income per share - basic |
$0.06
|
$0.12
|
$0.33
|
$0.19
|
| Weighted
average shares outstanding - basic |
3,634
|
3,566
|
3,600
|
3,559
|
|
Income per share from continuing operations - diluted |
$0.05
|
$0.12
|
$0.32
|
$0.21
|
|
Income (loss) per share from discontinued operations - diluted |
$0.01
|
$0.00
|
($0.01)
|
($0.03)
|
| Net
Income per share - diluted |
$0.06
|
$0.12
|
$0.31
|
$0.18
|
| Weighted
average shares outstanding - diluted |
3,828
|
3,746
|
3,806
|
3,741
|
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