CSP Inc. (CSPI) financial statements (2023 and earlier)

Company profile

Business Address 175 CABOT STREET
LOWELL, MA 01854
State of Incorp. MA
Fiscal Year End September 30
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,29520,00719,26418,09925,10713,88513,103
Cash and cash equivalents19,29520,00719,26418,09925,10713,88513,103
Net investment in lease5368336 
Receivables1,5011,51462634911,98027,63018,997
Inventory, net of allowances, customer advances and progress billings4,1873,9895,2857,8187,5585,9716,148
Inventory4,1873,9895,2857,8187,5585,9716,148
Contract with customer, asset2,6002,7001,000600 
Capitalized contract cost11613713085 
Deferred costs     929 
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases367246  
Other current assets5,4984,6162,5354,6491,8781,1391,671
Other undisclosed current assets16,56116,00312,41314,5671,6462,1651,898
Total current assets:49,81149,03441,58946,53448,41551,71941,817
Noncurrent Assets
Operating lease, right-of-use asset1,1921,3582,014 
Net investment in lease111581 
Property, plant and equipment8097641,0471,2738471,5081,680
Long-term investments and receivables5,5987,5223,6425,745564  
Accounts and financing receivable, after allowance for credit loss5,5987,5223,6425,328   
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases417564  
Intangible assets, net (including goodwill)1719283748167287
Intangible assets, net (excluding goodwill)1719283748167287
Deferred costs    564609 
Deferred income tax assets  1,149 
Other noncurrent assets626814711665191185
Other undisclosed noncurrent assets4,2864,1943,9485,6643,9253,2263,058
Total noncurrent assets:11,97513,94012,05612,8356,0135,7015,210
Other undisclosed assets    8471,5081,680
TOTAL ASSETS:61,78662,97453,64559,36955,27558,92848,707
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:13,12613,9288,52316,17512,52418,84511,932
Accounts payable 11,2715,60413,4954,46610,9417,511
Accrued liabilities 6727811,3352,6621,7811,929
Employee-related liabilities4371,2331,0249921,8362,1472,139
Taxes payable 1361613533131,308353
Other undisclosed accounts payable and accrued liabilities12,689616953 3,2472,668 
Deferred revenue2,2201,893947 
Debt1,8201,6983,1862,776   
Deferred revenue and credits1,1976,2024,704
Contract with customer, liability741 
Other undisclosed current liabilities437308321335340976747
Total current liabilities:17,60317,82712,97720,02714,06126,02317,383
Noncurrent Liabilities
Long-term debt and lease obligation1,1351,6973,875684   
Long-term debt, excluding current maturities4328762,485684   
Operating lease, liability7038211,390 
Liabilities, other than long-term debt9,1159,4047,2598,2307,41211,90413,669
Accounts payable and accrued liabilities524524586694709  
Liability for uncertainty in income taxes    53586228
Liability, pension and other postretirement and postemployment benefits3,8084,0976,4716,9046,16811,81813,441
Other liabilities4,7834,783202632   
Total noncurrent liabilities:10,25011,10111,1348,9147,41211,90413,669
Total liabilities:27,85328,92824,11128,94121,47337,92731,052
Stockholders' equity
Stockholders' equity attributable to parent33,93334,04629,53430,42833,80221,00117,655
Common stock44454342404039
Additional paid in capital18,48318,25816,99415,73314,66113,71712,924
Accumulated other comprehensive loss(9,419)(9,448)(11,995)(12,593)(10,825)(10,163)(11,931)
Retained earnings24,82525,19124,49227,24629,92617,40716,623
Total stockholders' equity:33,93334,04629,53430,42833,80221,00117,655
TOTAL LIABILITIES AND EQUITY:61,78662,97453,64559,36955,27558,92848,707

Income statement (P&L) ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues50,18949,20861,79379,06172,916111,482103,367
Revenue, net72,916111,482103,367
Cost of revenue(33,804)(33,059)(44,626)(61,035)(54,517)(85,992)(78,326)
Cost of goods and services sold(12)(36)(430)(503)(54,517)(85,992)(78,326)
Gross profit:16,38516,14917,16718,02618,39925,49025,041
Operating expenses(17,606)(17,511)(18,591)(18,852)(20,000)(21,718)(21,240)
Operating income (loss):(1,221)(1,362)(1,424)(826)(1,601)3,7723,801
Nonoperating income (expense)2842,04036238449521(201)
Foreign currency transaction gain (loss), before tax(38)(488)(2)157263(3)(134)
Other nonoperating income (expense)1171071022723224(67)
Interest and debt expense(311)2,196(228)    
Other undisclosed income from continuing operations before equity method investments, income taxes75 228    
Income (loss) from continuing operations before equity method investments, income taxes:(1,173)2,874(1,062)(442)(1,106)3,7933,600
Other undisclosed income (loss) from continuing operations before income taxes236(2,196)     
Income (loss) from continuing operations before income taxes:(937)678(1,062)(442)(1,106)3,7933,600
Income tax expense (benefit)(346)(444)(384)71(882)(1,287)(996)
Income (loss) from continuing operations:(1,283)234(1,446)(371)(1,988)2,5062,604
Income from discontinued operations 465  16,428  
Other undisclosed income before gain (loss) on sale of properties465      
Net income (loss) available to common stockholders, diluted:(818)699(1,446)(371)14,4402,5062,604

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):(818)699(1,446)(371)14,4402,5062,604
Other comprehensive income (loss) 1,972150(1,063)4751,944(3,413)
Other undisclosed comprehensive income1,972      
Comprehensive income (loss):1,1542,671(1,296)(1,434)14,9154,450(809)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent302575448(705)(1,137)(176)(133)
Comprehensive income (loss), net of tax, attributable to parent:1,4563,246(848)(2,139)13,7784,274(942)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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