CSP (CSPI) - 2025 Q1 - Quarterly Results

Financial Performance - Revenue for Q1 fiscal 2025 increased 2% to $15.7 million compared to$15.4 million in Q1 fiscal 2024[4] - Services revenue grew 17% to $4.7 million, up from$4.0 million in the prior year[4] - Gross profit for the quarter increased 11% to $4.6 million, with gross margin expanding over 200 basis points to 29.1$0.5 million, or $0.05 per diluted common share, compared to a net loss of$(73,000) in Q1 fiscal 2024[4] - Operating expenses increased to $4.9 million, up from$4.4 million in the prior year, reflecting investments in growth[15] Cash and Assets - The company maintained cash and cash equivalents of $30.7 million as of December 31, 2024[5] - Total current assets decreased to$52.2 million from $54.8 million in the previous quarter[14] - Shareholders' equity increased to$47.5 million from $47.3 million in the previous quarter[14] Customer Growth and Partnerships - Several new customers were signed for the AZT PROTECT™ offering, indicating growth in high-demand industries[6] - The company aims to leverage momentum and increase recurring revenue through partnerships, particularly with Rockwell Automation[11]