Company profile

Ticker
CSPI
Exchange
Website
CEO
Victor J. Dellovo
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
42441294

CSPI stock data

(
)

Calendar

14 May 20
15 Jul 20
30 Sep 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 16.1M 16.57M 22.16M 21.57M
Net income -732K -540K -334K 532K
Diluted EPS -0.18 -0.14 -0.08 0.12
Net profit margin -4.55% -3.26% -1.51% 2.47%
Operating income -143K -402K -215K 145K
Net change in cash -2.39M -472K 1.31M -1.4M
Cash on hand 15.24M 17.63M 18.1M 16.79M
Cost of revenue 11.61M 12.54M 17.07M 16.73M
Annual (USD) Sep 19 Sep 18 Sep 17 Sep 16
Revenue 79.06M 72.92M 88.49M 103.37M
Net income -371K 14.44M 2.51M 2.6M
Diluted EPS -0.09 3.55 0.63 0.67
Net profit margin -0.47% 19.80% 2.83% 2.52%
Operating income -826K -1.6M 3.4M 3.8M
Net change in cash -7.01M 14.69M 2.88M -3.64M
Cash on hand 18.1M 25.11M 10.42M 7.54M
Cost of revenue 61.04M 54.52M 67.07M 78.33M

Financial data from CSP earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
6 Apr 20 Dellovo Victor Common Stock Grant Aquire A No 6.6342 100 663.42 294,869
3 Apr 20 Dellovo Victor Common Stock Grant Aquire A No 6.4534 110 709.87 294,769
25 Mar 20 Dellovo Victor Common Stock Grant Aquire A No 6.6485 100 664.85 294,759
24 Mar 20 Dellovo Victor Common Stock Grant Aquire A No 6.4644 100 646.44 294,659
19 Mar 20 Levine Gary W Common Stock Grant Aquire A No 5.03 200 1.01K 72,413
18 Mar 20 Dellovo Victor Common Stock Grant Aquire A No 5.41 100 541 294,559
18 Feb 20 Dellovo Victor Common Stock Sell Dispose S No 13.75 2,000 27.5K 294,459
29.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 22 18 +22.2%
Opened positions 5 1 +400.0%
Closed positions 1 3 -66.7%
Increased positions 5 3 +66.7%
Reduced positions 7 7
13F shares
Current Prev Q Change
Total value 19.88M 31.05M -36.0%
Total shares 1.27M 1.21M +5.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Dimensional Fund Advisors 294.22K $2.06M -0.5%
Renaissance Technologies 244.42K $1.71M -2.7%
Visionary Wealth Advisors 215.22K $1.5M +0.1%
Vanguard 200.98K $1.41M +69.4%
California Public Employees Retirement System 146.62K $1.03M -32.3%
Bridgeway Capital Management 47.1K $329K 0.0%
Integrated Wealth Concepts 30.47K $213K NEW
Atlanta Financial Associates 29.39K $205K NEW
Dakota Wealth Management 24.25K $170K 0.0%
Flagship Harbor Advisors 12.1K $85K -29.2%
Largest transactions
Shares Bought/sold Change
Vanguard 200.98K +82.34K +69.4%
California Public Employees Retirement System 146.62K -69.84K -32.3%
Integrated Wealth Concepts 30.47K +30.47K NEW
Atlanta Financial Associates 29.39K +29.39K NEW
Geode Capital Management 10.37K +10.37K NEW
Renaissance Technologies 244.42K -6.83K -2.7%
Flagship Harbor Advisors 12.1K -5K -29.2%
DB Deutsche Bank 0 -3.95K EXIT
Canton Hathaway 2.24K +2.24K NEW
Dimensional Fund Advisors 294.22K -1.42K -0.5%

Financial report summary

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Management Discussion
  • Our revenues decreased by approximately $2.7 million, or 8%, to $32.7 million for the six months ended March 31, 2020 as compared to $35.3 million for the six months ended March 31, 2019. The decrease in overall revenue for the six months ended March 31, 2020 as compared to the prior fiscal year six month period is substantially the result of an approximately $1.6 million decrease in our TS segment revenue combined with a $1.1 million decrease in our HPP segment revenue. The TS segment revenue for the six months ended March 31, 2020 is primarily impacted by a decrease of sales to a major customer in the U.K. Division, partially offset in the U.S. division by increased volume of product sales to two major customers and increased volume in managed services revenue. The HPP segment revenue for the six month period ended March 31, 2020 is primarily impacted by decreased combined Myricom and Multicomputer product sales of $1.4 million, partially offset by higher royalties recognized of approximately $0.2 million on high-speed processing boards and increased revenues from Multicomputer service of $0.1 million during the six months ended March 31, 2020 as compared to the six month period ended March 31, 2019. Our overall gross margin percentage increased to 26% of revenue for the six months ended March 31, 2020 from 23% of revenues for the six months ended March 31, 2019. Our operating loss decreased by approximately $0.3 million resulting in an operating loss of $0.5 million for the six months ended March 31, 2020 as compared to operating loss of $0.8 million for the six months ended March 31, 2019,  primarily as a result of increased service revenues in combination with improved service margins. Our provision for income tax was a tax expense of $1.1 million for the six months ended March 31, 2020 as compared to a tax benefit of $140 thousand for the six months ended March 31, 2019. The effective tax expense rate for the current period is (635)%. The negative rate is high due to the recording of a valuation allowance against deferred tax assets during the quarter, as the Company has concluded that it is more likely than not that a portion of its deferred tax assets will not be realized in light of recent results, the COVID-19 pandemic, and the resulting economic fallout. The current tax expense is net of federal tax benefits anticipated from the carryback of current and prior period federal net operating losses, as allowed under the recently enacted Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), to recover federal taxes paid in prior periods. The recording of a valuation allowance against deferred tax assets is a non-cash expense and the federal tax benefits will result in a cash refund.
Content analysis ?
Positive
Negative
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Constraining
Legalese
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Readability
H.S. freshman Avg
New words: ability, administered, adverse, adversely, aforementioned, Aid, announced, announcement, approved, April, authorization, authorized, bankruptcy, carryback, chain, characterized, characterizing, charge, clarity, Commission, compliance, complied, complying, customary, default, demand, disbursement, disease, disruption, distancing, distribution, emergency, epidemic, evidence, external, failure, fallout, false, harm, Health, hit, iii, inability, inherent, insignificant, iv, led, Lender, light, loan, national, negative, November, offered, order, Organization, outbreak, pandemic, Paragon, Paycheck, peak, position, PPP, prepay, Prime, promissory, Protection, put, ratio, realized, region, regulatory, Relief, rely, remotely, reserve, resurgence, Rule, SBA, shutting, social, spread, state, sum, suspended, tangible, travel, type, uncertainty, voluntary, workforce, World, worth
Removed: acceptable, foreseeable, long