|
CSP
INC. AND SUBSIDIARIES FINANCIAL DATA
Also See First
Quarter Press Release
CSP
INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
| |
December
31, 2005
|
September
30, 2005
|
Assets
|
|
|
Current
assets:
|
|
|
|
Cash and short-term investments |
$12,333
|
$12,727
|
| Accounts
receivable, net |
7,355
|
6,891
|
| Inventories |
4,268
|
3,711
|
| Other
current assets |
827
|
923
|
| Total
current assets |
24,783
|
24,252
|
| Property,
equipment and improvements, net |
1,065
|
1,179
|
| Other
assets |
5,495
|
5,513
|
| Total
assets |
$31,343
|
$30,944
|
| Liabilities
and Shareholders' Equity |
|
|
| Current
liabilities: |
|
|
| Accounts
payable and accrued expenses |
8,453
|
7,581
|
| Total
current liabilities |
8,453
|
7,581
|
| Pensions
and retirement plans |
7,193
|
7,129
|
| Deferred Income Taxes
|
185
|
166
|
| Shareholders'
equity |
15,512
|
16,068
|
| Total
liabilities and shareholders' equity |
$31,343
|
$30,944
|
| |
|
|
CSP
INC. AND SUBSIDIARIES
UNAUDITED
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts
in thousands, except per share data)
| |
Three
Months Ended
|
| |
December
31, 2005
|
December
31, 2004
|
| Sales
: |
|
|
| Product |
$11,938
|
$10,930
|
| Service |
3,158
|
3,162
|
Total
sales |
15,096
|
14,092
|
| Cost
of sales: |
|
|
| Product |
9,933
|
8,302
|
| Service |
2,214
|
2,091
|
| Total
cost of sales |
12,147
|
10,393
|
| Gross
Profit |
2,949
|
3,699
|
| Operating
expenses: |
|
|
| Engineering
and development |
512
|
769
|
| Selling,
general & administrative |
2,944
|
2,436
|
| Total
operating expenses |
3,456
|
3,205
|
| Operating income
(loss) |
(507)
|
494
|
| Other income (expense), net
|
55
|
(9)
|
|
Income (loss) from continuing operations before income taxes |
(452)
|
485
|
|
Provision for income
tax
|
94
|
197
|
| Income
(loss) from continuing operations |
($546)
|
$228
|
| Loss
from discontinued operations |
--
|
(51)
|
| Net income (loss)
|
($546)
|
$237
|
| Income
(loss) per share from continuing operations - basic |
($0.15)
|
$0.08
|
| Loss
per share from discontinued operations - basic |
--
|
($0.01)
|
| Net income
(loss) per share - basic |
($0.15)
|
$0.07
|
| Weighted
average shares outstanding - basic |
3,679
|
3,576
|
| Income
(loss) per share from continuing operations - diluted |
($0.15)
|
$0.07
|
| Loss
per share from discontinued operations - diluted |
--
|
($0.01)
|
| Net income
(loss) per share - diluted |
($0.15)
|
$0.06
|
| Weighted
average shares outstanding - diluted |
3,679
|
3,860
|
|