CSP
INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
|
September
30, 2005
|
September
30, 2004
|
|
| Assets |
||
| Current
assets: |
||
| Cash and short-term investments |
$12,306
|
$12,895
|
| Accounts receivable, net |
6,891
|
7,161
|
| Inventories |
3,711
|
3,599
|
| Other current assets |
923
|
852
|
| Current assets of discontinued operations |
--
|
169
|
| Total current assets |
23,831
|
24,676
|
| Property, equipment and improvements, net |
1,179
|
1,201
|
| Other assets |
5,934
|
5,001
|
| Non current assets of discontinued operations |
--
|
235
|
| Total assets |
$30,944
|
$31,113
|
| Liabilities and Shareholders' Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses |
7,581
|
9,171
|
| Current liabilities of discontinued operations |
--
|
82
|
| Total current liabilities |
7,581
|
9,253
|
| Deferred pesnion and retirement plans |
7,129
|
7,717
|
| Other long term liabilities |
166
|
119
|
| Shareholders' equity |
16,068
|
14,024
|
| Total liabilities and shareholders' equity |
$30,944
|
$31,113
|
CSP INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share data )
|
Three
Months Ended
|
Twelve
Months Ended
|
|||
|
Sep
30
2005 |
Sep 30
2004 |
Sep
30
2005 |
Sep
30
2004 |
|
| Sales : |
|
|
|
|
| Products |
$10,235
|
$11,244
|
$44,161
|
$39,569
|
| Service |
2,898
|
2,965
|
13,329
|
11,833
|
| Total sales |
13,133
|
14,209
|
57,490
|
51,402
|
| Cost of sales: |
|
|
|
|
| Products |
8,459
|
7,888
|
34,162
|
29,600
|
| Service |
2,207
|
2,008
|
8,871
|
7,764
|
| Total cost of sales |
10,666
|
9,896
|
43,033
|
37,364
|
| Gross Profit |
2,467
|
4,313
|
14,457
|
14,038
|
| Operating expenses: | ||||
| Engineering and development |
605
|
720
|
2,671
|
2,545
|
| Selling, general & administrative |
2,426
|
2,867
|
10,725
|
9,829
|
| Total operating expenses |
3,031
|
3,587
|
13,396
|
12,374
|
| Operating income (Loss) |
(564)
|
726
|
1,061
|
1,664
|
| Other income (expense) |
|
|
|
|
| Other Income (expense), net |
79
|
38
|
226
|
135
|
| Total other income (expense), net |
79
|
38
|
226
|
135
|
| Income from continuing operations before income taxes |
(485)
|
764
|
1,287
|
1,799
|
| Income tax expense (benefit) |
(40)
|
273
|
517
|
540
|
| Income (loss) from continuing operations |
(445)
|
491
|
770
|
1,259
|
| Income (loss) from discontinued operations |
--
|
32
|
(17)
|
(48)
|
| Net Income (loss) |
($445)
|
$523
|
$753
|
$1,211
|
| Income (loss) per share from continuing operations - basic |
($0.12)
|
$0.14
|
$0.21
|
$0.35
|
| Income (loss) per share from discontinued operations - basic |
$0.00
|
$0.01
|
$0.00
|
($0.01)
|
| Net Income (loss) per share - basic |
($0.12)
|
$0.15
|
$0.21
|
$0.34
|
| Weighted average shares outstanding - basic |
3,677
|
3,570
|
3,619
|
3,562
|
| Income (loss) per share from continuing operations - diluted |
($0.12)
|
$0.13
|
$0.20
|
$0.34
|
| Income (loss) per share from discontinued operations - diluted |
$0.00
|
$0.01
|
$0.00
|
($0.02)
|
| Net Income (loss) per share - diluted |
($0.12)
|
$0.14
|
$0.20
|
$0.32
|
| Weighted average shares outstanding - diluted |
3,677
|
3,748
|
3,775
|
3,743
|
|
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