Filing Flows › CSP (CSPI) › Q4 FY24
CSP (CSPI) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 20, 2024
CSP (CSPI) reported revenue of $13.0M for the fourth quarter fiscal 2024 (Q4 FY24), -15% from a year earlier and -0.5% from the quarter before. Operating margin was -15.7%, net loss $1.7M (12.7% of revenue).
CSP, Q4 FY24: revenue $13.0M (-15% year over year), operating margin -15.7%, net loss $1.7M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.0M | -0.5% | -15% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | −$1.5M | — | — |
What changed
Revenue was $13.0M in Q4 FY24, down 15% year over year and down 1% from the previous quarter. Product was the largest line at 70% of revenue.
Gross margin was 28.4%, down 5.4 points from a year earlier. Operating costs exceeded revenue by $2.0M, an operating margin of -15.7%. Operating expenses grew 5% against a revenue fall of 15%. The fastest-growing cost line was Research & development (+12%). The quarter ended with a net loss of $1.7M, wider than the previous quarter's $185K loss.
Operating cash flow was −$1.5M. Non-cash charges added back $70K of depreciation and amortization and $445K of share-based compensation. Working capital and other items used $367K. Capital expenditures of $17K exceeded it, leaving free cash flow of −$1.5M.
Questions
What was CSP's revenue in the fourth quarter fiscal 2024?
CSP (CSPI) reported revenue of $13.0M for the fourth quarter fiscal 2024 (Q4 FY24), -15% from a year earlier and -0.5% from the quarter before.
Was CSP profitable in the fourth quarter fiscal 2024?
Operating loss was $2.0M (-15.7% of revenue) and net loss $1.7M.
Source: CSP 10-K on SEC EDGAR.