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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