CSP | 8-K: FY2026 Q3 Revenue: USD 14.4 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q3, the actual value is USD 14.4 M.
EPS: As of FY2026 Q3, the actual value is USD -0.09.
EBIT: As of FY2026 Q3, the actual value is USD -1.212 M.
Fiscal 2026 Third Quarter Results (Three months ended June 30)
Sales
Total sales for CSP Inc. were $14.4 million for the fiscal third quarter ended June 30, 2026, a decrease of approximately 6.5% compared to $15.4 million in the same period of 2025. Product sales were $9.9 million in 2026, down from $10.2 million in 2025. Services sales decreased to $4.5 million in 2026 from $5.3 million in 2025.
Gross Profit and Margin
Gross profit was $4.3 million in the fiscal third quarter of 2026, compared to $4.5 million in 2025. The gross profit margin for the fiscal third quarter ended June 30, 2026, was 30.1% of sales, an increase of over 100 basis points compared to 28.8% in the prior year’s third quarter.
Operating Expenses
Total operating expenses were $5.9 million in the fiscal third quarter of 2026, up from $5.7 million in 2025. Engineering and development expenses were $832,000 in 2026, compared to $791,000 in 2025. Selling, general and administrative expenses were $5.0 million in 2026, compared to $4.9 million in 2025.
Operating Loss
CSP Inc. reported an operating loss of -$1.5 million in the fiscal third quarter of 2026, compared to an operating loss of -$1.2 million in 2025.
Other Income, Net
Other income, net, was $330,000 in the fiscal third quarter of 2026, compared to $208,000 in 2025.
Net Loss
CSP Inc. reported a net loss of -$846,000 for the fiscal third quarter ended June 30, 2026, compared to a net loss of -$264,000 for the prior fiscal year’s third quarter. Net loss per common share was -$0.09 in 2026, compared to -$0.03 in 2025.
Fiscal Year 2026 Nine Month Results (Nine months ended June 30)
Sales
Total sales for the fiscal nine months ended June 30, 2026, were $42.4 million, a decrease of approximately 4.3% compared with $44.3 million in the prior year period. Product sales were $27.8 million in 2026, down from $29.7 million in 2025. Services sales were $14.7 million in 2026, up from $14.5 million in 2025.
Gross Profit and Margin
Gross profit for the fiscal nine months ended June 30, 2026, was $13.5 million, or 31.9% of sales, compared with $13.2 million, or 29.9% of sales, in the prior year period.
Operating Expenses
Total operating expenses were $16.0 million in the fiscal nine months of 2026, up from $15.8 million in 2025. Engineering and development expenses were $2.5 million in 2026, compared to $2.3 million in 2025. Selling, general and administrative expenses were $13.5 million in both 2026 and 2025.
Operating Loss
Operating loss was -$2.5 million in the fiscal nine months of 2026, compared to -$2.6 million in 2025.
Other Income, Net
Other income, net, was $1.4 million in the fiscal nine months of 2026, compared to $1.1 million in 2025.
Net Income (Loss)
The Company reported a net loss of -$491,000 in the fiscal nine months ended June 30, 2026, compared with net income of $100,000 for the fiscal nine months ended June 30, 2025. Net loss per share was -$0.05 in 2026, compared with net income per diluted share of $0.01 in 2025.
Balance Sheet (Amounts in thousands)
As of June 30, 2026, Cash and Cash Equivalents were $24,666, down from $27,418 as of September 30, 2025. Accounts Receivable, Net, decreased to $11,356 from $12,000. Financing Receivables, Net (Current), were $8,314, down from $8,939. Inventories increased to $1,832 from $1,442. Total Current Assets were $49,241, down from $52,320. Financing Receivables Due After One Year, Net, increased to $8,229 from $5,965. Total Assets were $70,781, down from $71,163. Current Liabilities decreased to $20,476 from $22,183. Shareholders’ Equity was $44,263, down from $44,551.
Operational Highlights and Unique Metrics
CSP Inc. signed a seven-figure, six-year managed services agreement with a professional sports organization. The company was named to CRN’s 2026 Tech Elite 250 list for the sixth consecutive year. The AZT PROTECT business maintained a 100% customer renewal rate. CSP Inc. completed product integration of AZT PROTECT with Acronis software and initiated additional Land and Expand single-site AZT PROTECT engagements. The Technology Solutions (TS) order backlog continues year-over-year growth.
Outlook / Guidance
CSP Inc. anticipates that vendor hardware delivery delays will persist through the current fiscal fourth quarter and into the first half of fiscal 2027. The increased backlog is expected to enhance full year 2027 results. The Company expresses optimism for fiscal 2027, driven by recent large cloud-based services contracts, AZT PROTECT opportunities, and TS opportunities.
