|
CSP
INC. AND SUBSIDIARIES FINANCIAL DATA
Also See Third
Quarter Press Release
CSP
INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
| |
June
30, 2006
|
September
30, 2005
|
Assets
|
|
|
Current
assets:
|
|
|
|
Cash and short-term investments |
$13,525
|
$12,727
|
| Accounts
receivable, net |
11,492
|
6,891
|
| Inventories |
5,213
|
3,711
|
| Other
current assets |
1,460
|
923
|
| Total
current assets |
31,690
|
24,252
|
| Property,
equipment and improvements, net |
1,153
|
1,179
|
| Other
assets |
5,594
|
5,513
|
| Total
assets |
$38,437
|
$30,944
|
| Liabilities and Shareholders' Equity: |
|
|
| Current Liabilities |
13,574
|
7,581
|
| Pensions
and retirement plans |
7,684
|
7,129
|
| Deferred Income Taxes
|
222
|
166
|
| Shareholders'
equity |
16,957
|
16,068
|
| Total
liabilities and shareholders' equity |
$38,437
|
$30,944
|
| |
|
|
CSP
INC. AND SUBSIDIARIES
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts
in thousands, except per share data)
| |
Three
Months Ended
|
Nine
Months Ended
|
| |
June
30
2006
|
June 30
2005
|
June
30
2006
|
June
30
2005
|
Sales
:
|
|
|
|
|
| Product |
$14,468
|
$7,612
|
$41,342
|
$33,926
|
| Service |
4,088
|
3,931
|
9,957
|
10,431
|
| Total
sales |
18,556
|
11,543
|
51,299
|
44,357
|
| Cost
of sales: |
|
|
|
|
| Product |
12,588
|
5,774
|
33,388
|
25,703
|
| Service |
2,571
|
2,202
|
6,698
|
6,664
|
| Total
cost of sales |
15,159
|
7,976
|
40,086
|
32,367
|
| Gross
Profit |
3,397
|
3,567
|
11,213
|
11,990
|
| Operating
expenses: |
|
|
|
|
| Engineering
and development |
500
|
602
|
1,579
|
2,066
|
| Selling,
general & administrative |
2,983
|
2,771
|
9,244
|
8,299
|
| Total
operating expenses |
3,483
|
3,373
|
10,823
|
10,365
|
| Operating
Income (loss) |
(86)
|
194
|
390
|
1,625
|
|
Other income, net |
68
|
68
|
304
|
149
|
|
Income (loss) from continuing operations before income taxes |
(18)
|
262
|
694
|
1,774
|
| Provision for income taxes |
26
|
97
|
251
|
557
|
| Income (loss) from continuing operations |
(44)
|
165
|
443
|
1,217
|
| Income (loss) from discontinued operations, net of income tax |
--
|
46
|
--
|
(19)
|
| Net Income (loss)
|
($44)
|
$211
|
$443
|
$1,198
|
|
Income (loss) per share from continuing operations - basic |
($0.01)
|
$0.05
|
$0.12
|
$0.34
|
| Income (loss)
per share from discontinued operations - basic |
--
|
$0.01
|
--
|
($0.01)
|
| Net
Income (loss) per share - basic |
($0.01)
|
$0.06
|
$0.12
|
$0.33
|
| Weighted
average shares outstanding - basic |
3,685
|
3,634
|
3,682
|
3,600
|
|
Income (loss) per share from continuing operations - diluted |
($0.01)
|
$0.05
|
$0.12
|
$0.32
|
| Income (loss)
per share from discontinued operations - diluted |
--
|
$0.01
|
--
|
($0.01)
|
| Net
Income (loss) per share - diluted |
($0.01)
|
$0.06
|
$0.12
|
$0.31
|
| Weighted
average shares outstanding - diluted |
3,685
|
3,828
|
3,791
|
3,806
|
|