CSP INC. AND SUBSIDIARIES FINANCIAL DATA

Also See First-Quarter FY'07 Press Release



CSP INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in thousands)

 
December 31, 2006
September 30, 2006
Assets
 
 
 
Current assets:
 
 
Cash and short-term investments
$14,512
$10,856
Accounts receivable, net
7,529
10,316
Inventories
7,870
7,407
Other current assets
2,450
3,036
Total current assets
32,361
31,615
Property, equipment and improvements, net
1,168
1,141
Other assets
5,732
5,694
Total assets
$39,261
$38,450
Liabilities and Shareholders' Equity  
 
 
Current liabilities
11,205
12,016
Pension and retirement plans
7,548
7,283
Deferred income taxes
254
236
Shareholders' equity
20,254
18,915
Total liabilities and shareholders' equity
$39,261
$38,450
     


CSP INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Amounts in thousands, except per share data )


 
Three Months Ended
 
Dec 31
2006
Dec 31
2005
Sales :
 
 
Products
$17,636
$11,938
Service
3,495
3,158
Total sales
21,131
15,096
Cost of sales:
 
 
Products
13,161
9,933
Services
2,287
2,214
Total cost of sales
15,448
12,147
Gross Profit
5,683
2,949
Operating expenses:    
Engineering and development
545
512
Selling, general & administrative
3,382
2,944
Total operating expenses
3,927
3,456
Operating income (Loss)
1,756
(507)
Other Income, net
69
55
Income (loss) before income taxes
1,825
(452)
Income tax expense
847
94
Net Income (loss)
$978
($546)
Net Income (loss) per share - basic
$0.26
($0.15)
Weighted average shares outstanding - basic
3,726
3,679
Net Income (loss) per share - diluted
$0.25
($0.15)
Weighted average shares outstanding - diluted
3,893
3,679


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