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 investments | 19,295 | 20,007 | 19,264 | 18,099 | 25,107 | 13,885 | 13,103 | ||
| Cash and cash equivalents | 19,295 | 20,007 | 19,264 | 18,099 | 25,107 | 13,885 | 13,103 | ||
| Net investment in lease | 53 | 68 | 336 | ✕ | ✕ | ✕ | |||
| Receivables | 1,501 | 1,514 | 626 | 349 | 11,980 | 27,630 | 18,997 | ||
| Inventory, net of allowances, customer advances and progress billings | 4,187 | 3,989 | 5,285 | 7,818 | 7,558 | 5,971 | 6,148 | ||
| Inventory | 4,187 | 3,989 | 5,285 | 7,818 | 7,558 | 5,971 | 6,148 | ||
| Contract with customer, asset | 2,600 | 2,700 | 1,000 | 600 | ✕ | ✕ | |||
| Capitalized contract cost | 116 | 137 | 130 | 85 | ✕ | ✕ | |||
| Deferred costs | 929 | ||||||||
| Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | ✕ | ✕ | 367 | 246 | ||||
| Other current assets | 5,498 | 4,616 | 2,535 | 4,649 | 1,878 | 1,139 | 1,671 | ||
| Other undisclosed current assets | 16,561 | 16,003 | 12,413 | 14,567 | 1,646 | 2,165 | 1,898 | ||
| Total current assets: | 49,811 | 49,034 | 41,589 | 46,534 | 48,415 | 51,719 | 41,817 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,192 | 1,358 | 2,014 | ✕ | ✕ | ✕ | |||
| Net investment in lease | 11 | 15 | 81 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 809 | 764 | 1,047 | 1,273 | 847 | 1,508 | 1,680 | ||
| Long-term investments and receivables | 5,598 | 7,522 | 3,642 | 5,745 | 564 | ||||
| Accounts and financing receivable, after allowance for credit loss | 5,598 | 7,522 | 3,642 | 5,328 | |||||
| Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | ✕ | ✕ | 417 | 564 | ||||
| Intangible assets, net (including goodwill) | 17 | 19 | 28 | 37 | 48 | 167 | 287 | ||
| Intangible assets, net (excluding goodwill) | 17 | 19 | 28 | 37 | 48 | 167 | 287 | ||
| Deferred costs | 564 | 609 | |||||||
| Deferred income tax assets | 1,149 | ✕ | ✕ | ✕ | |||||
| Other noncurrent assets | 62 | 68 | 147 | 116 | 65 | 191 | 185 | ||
| Other undisclosed noncurrent assets | 4,286 | 4,194 | 3,948 | 5,664 | 3,925 | 3,226 | 3,058 | ||
| Total noncurrent assets: | 11,975 | 13,940 | 12,056 | 12,835 | 6,013 | 5,701 | 5,210 | ||
| Other undisclosed assets | 847 | 1,508 | 1,680 | ||||||
| TOTAL ASSETS: | 61,786 | 62,974 | 53,645 | 59,369 | 55,275 | 58,928 | 48,707 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 13,126 | 13,928 | 8,523 | 16,175 | 12,524 | 18,845 | 11,932 | ||
| Accounts payable | 11,271 | 5,604 | 13,495 | 4,466 | 10,941 | 7,511 | |||
| Accrued liabilities | 672 | 781 | 1,335 | 2,662 | 1,781 | 1,929 | |||
| Employee-related liabilities | 437 | 1,233 | 1,024 | 992 | 1,836 | 2,147 | 2,139 | ||
| Taxes payable | 136 | 161 | 353 | 313 | 1,308 | 353 | |||
| Other undisclosed accounts payable and accrued liabilities | 12,689 | 616 | 953 | 3,247 | 2,668 | ||||
| Deferred revenue | 2,220 | 1,893 | 947 | ✕ | ✕ | ✕ | |||
| Debt | 1,820 | 1,698 | 3,186 | 2,776 | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 1,197 | 6,202 | 4,704 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 741 | ✕ | ✕ | |||
| Other undisclosed current liabilities | 437 | 308 | 321 | 335 | 340 | 976 | 747 | ||
| Total current liabilities: | 17,603 | 17,827 | 12,977 | 20,027 | 14,061 | 26,023 | 17,383 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,135 | 1,697 | 3,875 | 684 | |||||
| Long-term debt, excluding current maturities | 432 | 876 | 2,485 | 684 | |||||
| Operating lease, liability | 703 | 821 | 1,390 | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 9,115 | 9,404 | 7,259 | 8,230 | 7,412 | 11,904 | 13,669 | ||
| Accounts payable and accrued liabilities | 524 | 524 | 586 | 694 | 709 | ||||
| Liability for uncertainty in income taxes | 535 | 86 | 228 | ||||||
| Liability, pension and other postretirement and postemployment benefits | 3,808 | 4,097 | 6,471 | 6,904 | 6,168 | 11,818 | 13,441 | ||
| Other liabilities | 4,783 | 4,783 | 202 | 632 | |||||
| Total noncurrent liabilities: | 10,250 | 11,101 | 11,134 | 8,914 | 7,412 | 11,904 | 13,669 | ||
| Total liabilities: | 27,853 | 28,928 | 24,111 | 28,941 | 21,473 | 37,927 | 31,052 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 33,933 | 34,046 | 29,534 | 30,428 | 33,802 | 21,001 | 17,655 | ||
| Common stock | 44 | 45 | 43 | 42 | 40 | 40 | 39 | ||
| Additional paid in capital | 18,483 | 18,258 | 16,994 | 15,733 | 14,661 | 13,717 | 12,924 | ||
| Accumulated other comprehensive loss | (9,419) | (9,448) | (11,995) | (12,593) | (10,825) | (10,163) | (11,931) | ||
| Retained earnings | 24,825 | 25,191 | 24,492 | 27,246 | 29,926 | 17,407 | 16,623 | ||
| Total stockholders' equity: | 33,933 | 34,046 | 29,534 | 30,428 | 33,802 | 21,001 | 17,655 | ||
| TOTAL LIABILITIES AND EQUITY: | 61,786 | 62,974 | 53,645 | 59,369 | 55,275 | 58,928 | 48,707 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 50,189 | 49,208 | 61,793 | 79,061 | 72,916 | 111,482 | 103,367 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 72,916 | 111,482 | 103,367 | |
| 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: | 16,385 | 16,149 | 17,167 | 18,026 | 18,399 | 25,490 | 25,041 | |
| 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) | 3,772 | 3,801 | |
| Nonoperating income (expense) | 284 | 2,040 | 362 | 384 | 495 | 21 | (201) | |
| Foreign currency transaction gain (loss), before tax | (38) | (488) | (2) | 157 | 263 | (3) | (134) | |
| Other nonoperating income (expense) | 117 | 107 | 10 | 227 | 232 | 24 | (67) | |
| Interest and debt expense | (311) | 2,196 | (228) | |||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 75 | 228 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,173) | 2,874 | (1,062) | (442) | (1,106) | 3,793 | 3,600 | |
| Other undisclosed income (loss) from continuing operations before income taxes | 236 | (2,196) | ||||||
| Income (loss) from continuing operations before income taxes: | (937) | 678 | (1,062) | (442) | (1,106) | 3,793 | 3,600 | |
| 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) | 2,506 | 2,604 | |
| Income from discontinued operations | 465 | 16,428 | ||||||
| Other undisclosed income before gain (loss) on sale of properties | 465 | |||||||
| Net income (loss) available to common stockholders, diluted: | (818) | 699 | (1,446) | (371) | 14,440 | 2,506 | 2,604 | |
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) | 14,440 | 2,506 | 2,604 | |
| Other comprehensive income (loss) | 1,972 | 150 | (1,063) | 475 | 1,944 | (3,413) | ||
| Other undisclosed comprehensive income | 1,972 | |||||||
| Comprehensive income (loss): | 1,154 | 2,671 | (1,296) | (1,434) | 14,915 | 4,450 | (809) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 302 | 575 | 448 | (705) | (1,137) | (176) | (133) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 1,456 | 3,246 | (848) | (2,139) | 13,778 | 4,274 | (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.