CSP
INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
|
March
31, 2007
|
September
30, 2006
|
|
| Assets |
||
| Current
assets: |
||
| Cash and short-term investments |
$12,969
|
$10,856
|
| Accounts receivable, net |
10,890
|
10,316
|
| Inventories |
9,336
|
7,407
|
| Other current assets |
2,940
|
3,036
|
| Total current assets |
36,135
|
31,615
|
| Property, equipment and improvements, net |
1,120
|
1,141
|
| Other assets |
5,704
|
5,694
|
| Total assets |
$42,959
|
$38,450
|
| Liabilities and Shareholders' Equity | ||
| Current liabilities |
14,047
|
12,016
|
| Pension and retirement plans |
7,662
|
7,283
|
| Deferred income taxes |
251
|
236
|
| Shareholders' equity |
20,999
|
18,915
|
| Total liabilities and shareholders' equity |
$42,959
|
$38,450
|
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
2007 |
Mar 31
2006 |
Mar
31
2007 |
Mar
31
2006 |
|
| Sales
: |
|
|
|
|
| Product |
$15,422
|
$14,936
|
$33,058
|
$26,874
|
| Service |
3,396
|
2,711
|
6,891
|
5,869
|
| Total sales |
18,818
|
17,647
|
39,949
|
32,743
|
| Cost of sales: |
|
|
|
|
| Product |
12,219
|
10,936
|
25,380
|
20,801
|
| Service |
2,439
|
1,944
|
4,726
|
4,126
|
| Total cost of sales |
14,658
|
12,880
|
30,106
|
24,927
|
| Gross Profit |
4,160
|
4,767
|
9,843
|
7,816
|
| Operating expenses: | ||||
| Engineering and development |
628
|
568
|
1,173
|
1,080
|
| Selling, general & administrative |
3,173
|
3,216
|
6,555
|
6,260
|
| Total operating expenses |
3,801
|
3,784
|
7,728
|
7,340
|
| Operating Income |
359
|
983
|
2,115
|
476
|
| Other income, net |
101
|
181
|
170
|
236
|
| Income before income taxes |
460
|
1,164
|
2,285
|
712
|
| Provision for income taxes |
205
|
131
|
1,052
|
225
|
| Net Income |
$255
|
$1,033
|
$1,233
|
$487
|
| Income per share - basic |
$0.07
|
$0.28
|
$0.33
|
$0.13
|
| Weighted average shares outstanding - basic |
3,748
|
3,682
|
3,737
|
3,680
|
| Net Income per share - diluted |
$0.07
|
$0.27
|
$0.32
|
$0.13
|
| Weighted average shares outstanding - diluted |
3,917
|
3,767
|
3,905
|
3,781
|
|
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