CSP INC. AND SUBSIDIARIES FINANCIAL DATA

Also See Fourth-Quarter and Year-End Press Release



CSP INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in thousands)

 
September 30, 2006
September 30, 2005
Assets
 
 
 
Current assets:
 
 
Cash and short-term investments
$10,856
$12,727
Accounts receivable, net
10,316
6,891
Inventories
7,407
3,711
Other current assets
3,036
923
Total current assets
31,615
24,252
Property, equipment and improvements, net
1,141
1,179
Other assets
5,694
5,513
Total assets
$38,450
$30,944
Liabilities and Shareholders' Equity  
 
 
Current liabilities
12,016
7,581
Pension and retirement plans
7,283
7,129
Deferred income taxes
236
166
Shareholders' equity
18,915
16,068
Total liabilities and shareholders' equity
$38,450
$30,944
     


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
2006
Sep 30
2005
Sep 30
2006
Sep 30
2005
Sales :
 
 
 
 
Products
$13,917
$10,235
$55,259
$44,161
Service
3,721
2,898
13,678
13,329
Total sales
17,638
13,133
68,937
57,490
Cost of sales:
 
 
 
 
Products
11,345
8,459
44,733
34,162
Services
2,675
2,207
9,373
8,871
Total cost of sales
14,020
10,666
54,106
43,033
Gross Profit
3,618
2,467
14,831
14,457
Operating expenses:        
Engineering and development
492
605
2,071
2,671
Selling, general & administrative
3,098
2,426
12,342
10,725
Total operating expenses
3,590
3,031
14,431
13,396
Operating income (Loss)
28
(564)
418
1,061
Other Income, net
122
77
426
226
Income (loss) from continuing operations before income taxes
150
(487)
844
1,287
Provision for income taxes
(1,382)
(40)
(1,131)
517
Income (loss) from continuing operations
1,532
(447)
1,975
770
Income (loss) from discontinued operations
--
2
--
(17)
Net Income (loss)
$1,532
($445)
$1,975
$753
Income (loss) per share from continuing operations - basic
$0.41
($0.12)
$0.54
$0.21
Income (loss) per share from discontinued operations - basic
$0.00
$0.00
$0.00
$0.00
Net Income (loss) per share - basic
$0.41
($0.12)
$0.54
$0.21
Weighted average shares outstanding - basic
3,700
3,677
3,686
3,619
Income (loss) per share from continuing operations - diluted
$0.40
($0.12)
$0.52
$0.20
Income (loss) per share from discontinued operations - diluted
$0.00
$0.00
$0.00
$0.00
Net Income (loss) per share - diluted
$0.40
($0.12)
$0.52
$0.20
Weighted average shares outstanding - diluted
3,848
3,677
3,805
3,822


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