|
CSP
INC. AND SUBSIDIARIES FINANCIAL DATA
Also See Second
Quarter Press Release
CSP
INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
| |
March
31, 2006
|
September
30, 2005
|
Assets
|
|
|
Current
assets:
|
|
|
|
Cash and short-term investments |
$12,662
|
$12,727
|
| Accounts
receivable, net |
11,413
|
6,891
|
| Inventories |
4,313
|
3,711
|
| Other
current assets |
1,596
|
923
|
| Total
current assets |
29,984
|
24,252
|
| Property,
equipment and improvements, net |
1,089
|
1,179
|
| Other
assets |
5,300
|
5,513
|
| Total
assets |
$36,373
|
$30,944
|
| Liabilities and Shareholders' Equity: |
|
|
| Current Liabilities |
12,266
|
7,581
|
| Pensions
and retirement plans |
7,352
|
7,129
|
| Deferred Income Taxes
|
203
|
166
|
| Shareholders'
equity |
16,552
|
16,068
|
| Total
liabilities and shareholders' equity |
$36,373
|
$30,944
|
| |
|
|
CSP
INC. AND SUBSIDIARIES
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts
in thousands, except per share data)
| |
Three
Months Ended
|
Six
Months Ended
|
| |
Mar
31
2006
|
Mar 31
2005
|
Mar
31
2006
|
Mar
31
2005
|
Sales
:
|
|
|
|
|
| Product |
$14,936
|
$15,383
|
$26,874
|
$26,313
|
| Service |
2,711
|
3,339
|
5,869
|
6,501
|
| Total
sales |
17,647
|
18,722
|
32,743
|
32,814
|
| Cost
of sales: |
|
|
|
|
| Product |
10,991
|
11,604
|
20,924
|
19,906
|
| Service |
1,938
|
2,394
|
4,152
|
4,485
|
| Total
cost of sales |
12,929
|
13,998
|
25,076
|
24,391
|
| Gross
Profit |
4,718
|
4,724
|
7,667
|
8,423
|
| Operating
expenses: |
|
|
|
|
| Engineering
and development |
610
|
695
|
1,122
|
1,464
|
| Selling,
general & administrative |
3,125
|
3,092
|
6,069
|
5,528
|
| Total
operating expenses |
3,735
|
3,787
|
7,191
|
6,992
|
| Operating
Income |
983
|
937
|
476
|
1,431
|
|
Other income, net |
181
|
90
|
236
|
81
|
|
Income from continuing operations before income taxes |
1,164
|
1,027
|
712
|
1,512
|
| Provision for income taxes |
131
|
257
|
225
|
454
|
| Income from continuing operations |
1,033
|
770
|
487
|
1,058
|
| Loss from discontinued operations, net of income tax |
--
|
(20)
|
--
|
(71)
|
| Net Income
|
$1,033
|
$750
|
$487
|
$987
|
|
Income per share from continuing operations - basic |
$0.28
|
$0.21
|
$0.13
|
$0.30
|
| Loss
per share from discontinued operations - basic |
--
|
--
|
--
|
($0.02)
|
| Net
Income per share - basic |
$0.28
|
$0.21
|
$0.13
|
$0.28
|
| Weighted
average shares outstanding - basic |
3,682
|
3,591
|
3,680
|
3,584
|
|
Income per share from continuing operations - diluted |
$0.27
|
$0.20
|
$0.13
|
$0.28
|
| Loss
per share from discontinued operations - diluted |
--
|
--
|
--
|
($0.02)
|
| Net
Income per share - diluted |
$0.27
|
$0.20
|
$0.13
|
$0.26
|
| Weighted
average shares outstanding - diluted |
3,767
|
3,814
|
3,781
|
3,811
|
|