Filing Flows › CSP (CSPI) › Q2 FY25
CSP (CSPI) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 15, 2025
CSP (CSPI) reported revenue of $13.1M for the second quarter fiscal 2025 (Q2 FY25), -4% from a year earlier and -16% from the quarter before. Operating margin was -7.6%, net loss $108K (0.8% of revenue).
CSP, Q2 FY25: revenue $13.1M (-4% year over year), operating margin -7.6%, net loss $108K, operating cash flow $1.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.1M | -16% | -4% |
| Operating profit | −$994K | — | — |
| Net earnings | −$108K | — | — |
| Operating cash flow | $1.9M | +10% | +16% |
| Free cash flow | $1.9M | +12% | +16% |
What changed
Revenue was $13.1M in Q2 FY25, down 4% year over year and down 16% from the previous quarter. Product was the largest line at 65% of revenue. Service lost $653K year over year (down 12%), 117% of the total change.
Gross margin was 32.0%, down 15.3 points from a year earlier. Operating costs exceeded revenue by $1.0M, an operating margin of -7.6%. Operating expenses fell 1% while revenue fell 4%. The quarter ended with a net loss of $108K, after a profit of $472K the previous quarter. Non-operating items added $203K, -26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.9M (up 16% year over year). Non-cash charges added back $59K of depreciation and amortization and $448K of share-based compensation. Working capital and other items added $1.5M. Capital expenditures of $7K left free cash flow of $1.9M.
Questions
What was CSP's revenue in the second quarter fiscal 2025?
CSP (CSPI) reported revenue of $13.1M for the second quarter fiscal 2025 (Q2 FY25), -4% from a year earlier and -16% from the quarter before.
Was CSP profitable in the second quarter fiscal 2025?
Operating loss was $994K (-7.6% of revenue) and net loss $108K.
Source: CSP 10-Q on SEC EDGAR.