$CSPI
CSP INC /MA/

2023 Q3 Form 10-Q Financial Statement

#000035603723000038 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $15.33M $17.71M $13.33M
YoY Change -8.15% 32.88% -2.88%
Cost Of Revenue $10.14M $11.78M $8.352M
YoY Change -4.75% 41.06% -12.01%
Gross Profit $5.186M $5.927M $4.974M
YoY Change -14.12% 19.16% 17.62%
Gross Profit Margin 33.84% 33.47% 37.33%
Selling, General & Admin $4.787M $4.611M $4.071M
YoY Change -0.73% 13.26% 4.76%
% of Gross Profit 92.31% 77.8% 81.85%
Research & Development $705.0K $741.0K $884.0K
YoY Change -17.64% -16.18% 26.29%
% of Gross Profit 13.59% 12.5% 17.77%
Depreciation & Amortization $88.00K $92.00K $79.00K
YoY Change -12.0% 16.46% -4.82%
% of Gross Profit 1.7% 1.55% 1.59%
Operating Expenses $5.492M $5.352M $4.955M
YoY Change -3.28% 8.01% 8.05%
Operating Profit -$306.0K $575.0K $19.00K
YoY Change -184.76% 2926.32% -105.32%
Interest Expense $547.0K $226.0K $696.0K
YoY Change -48.49% -67.53% -1123.53%
% of Operating Profit 39.3% 3663.16%
Other Income/Expense, Net $2.186M $247.0K -$20.00K
YoY Change 15514.29% -1335.0% -35.48%
Pretax Income $2.427M $822.0K $695.0K
YoY Change 68.89% 18.27% -279.12%
Income Tax $1.019M -$1.700M $11.00K
% Of Pretax Income 41.99% -206.81% 1.58%
Net Earnings $1.320M $2.514M $684.0K
YoY Change -6.71% 267.54% -261.7%
Net Earnings / Revenue 8.61% 14.2% 5.13%
Basic Earnings Per Share $0.53 $0.15
Diluted Earnings Per Share $0.29 $0.52 $159.7K
COMMON SHARES
Basic Shares Outstanding 4.728M 4.711M 4.533M
Diluted Shares Outstanding 4.516M 4.283M

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.22M $16.20M $21.42M
YoY Change 5.15% -24.36% 8.97%
Cash & Equivalents $25.22M $13.85M $21.42M
Short-Term Investments $2.351M
Other Short-Term Assets $2.471M $4.450M $5.498M
YoY Change -64.92% -19.06% 60.76%
Inventory $2.542M $4.182M $5.607M
Prepaid Expenses
Receivables $20.13M $23.52M $18.65M
Other Receivables $0.00 $144.0K $1.126M
Total Short-Term Assets $50.36M $48.51M $52.29M
YoY Change -15.29% -7.24% 14.27%
LONG-TERM ASSETS
Property, Plant & Equipment $525.0K $603.0K $1.672M
YoY Change -18.86% -63.94% 98.57%
Goodwill
YoY Change
Intangibles $46.00K $50.00K
YoY Change 360.0%
Long-Term Investments
YoY Change
Other Assets $112.0K $112.0K $5.193M
YoY Change 0.9% -97.84% 5198.98%
Total Long-Term Assets $15.54M $19.09M $12.22M
YoY Change -0.42% 56.23% -17.38%
TOTAL ASSETS
Total Short-Term Assets $50.36M $48.51M $52.29M
Total Long-Term Assets $15.54M $19.09M $12.22M
Total Assets $65.90M $67.60M $64.52M
YoY Change -12.2% 4.78% 6.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.719M $13.92M $13.40M
YoY Change -65.08% 3.89% 9.36%
Accrued Expenses
YoY Change
Deferred Revenue $1.900M $3.500M
YoY Change 0.0%
Short-Term Debt $1.515M $1.308M $3.510M
YoY Change -51.5% -62.74% 112.21%
Long-Term Debt Due $449.0K $443.0K $511.0K
YoY Change 5.15% -13.31% -31.68%
Total Short-Term Liabilities $15.66M $19.28M $21.99M
YoY Change -48.12% -12.3% 33.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $443.0K
YoY Change -100.0% -100.0% -53.56%
Other Long-Term Liabilities $1.851M $1.823M $7.612M
YoY Change -39.23% -76.05% 63.73%
Total Long-Term Liabilities $1.851M $1.823M $8.055M
YoY Change -39.23% -77.37% 73.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.66M $19.28M $21.99M
Total Long-Term Liabilities $1.851M $1.823M $8.055M
Total Liabilities $19.76M $23.38M $30.04M
YoY Change -45.27% -22.18% 0.46%
SHAREHOLDERS EQUITY
Retained Earnings $31.31M $30.09M
YoY Change 16.97%
Common Stock $20.93M $20.45M
YoY Change 7.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $46.15M $44.23M $34.48M
YoY Change
Total Liabilities & Shareholders Equity $65.90M $67.60M $64.52M
YoY Change -12.2% 4.78% 6.54%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $1.320M $2.514M $684.0K
YoY Change -6.71% 267.54% -261.7%
Depreciation, Depletion And Amortization $88.00K $92.00K $79.00K
YoY Change -12.0% 16.46% -4.82%
Cash From Operating Activities $8.857M -$422.0K -$1.053M
YoY Change 260.77% -59.92% 12.86%
INVESTING ACTIVITIES
Capital Expenditures $7.000K $34.00K -$28.00K
YoY Change -163.64% -221.43% -36.36%
Acquisitions
YoY Change
Other Investing Activities $2.356M $1.182M $312.0K
YoY Change 278.85% 31100.0%
Cash From Investing Activities $2.339M $1.148M $284.0K
YoY Change -21363.64% 304.23% -760.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 199.0K -226.0K 1.969M
YoY Change 1430.77% -111.48% 583.68%
NET CHANGE
Cash From Operating Activities 8.857M -422.0K -1.053M
Cash From Investing Activities 2.339M 1.148M 284.0K
Cash From Financing Activities 199.0K -226.0K 1.969M
Net Change In Cash 11.40M 500.0K 1.200M
YoY Change 363.78% -58.33% -274.42%
FREE CASH FLOW
Cash From Operating Activities $8.857M -$422.0K -$1.053M
Capital Expenditures $7.000K $34.00K -$28.00K
Free Cash Flow $8.850M -$456.0K -$1.025M
YoY Change 258.88% -55.51% 15.3%

Facts In Submission

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3796000
us-gaap Net Income Loss
NetIncomeLoss
474000
CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
166000
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-558000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1008000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-710000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2680000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
126000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4804000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-236000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
41448000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
2514000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
166000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
293000
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
6000
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.04
CY2023Q2 us-gaap Dividends Cash
DividendsCash
188000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
44227000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
34147000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
684000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-558000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
254000
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
51000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
34476000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
38963000
us-gaap Net Income Loss
NetIncomeLoss
3796000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1008000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
832000
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
2000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
98000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
6000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
us-gaap Dividends Cash
DividendsCash
466000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
44227000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
34046000
us-gaap Net Income Loss
NetIncomeLoss
474000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-710000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
726000
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
1000
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
2000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
90000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
151000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
34476000
us-gaap Profit Loss
ProfitLoss
3796000
us-gaap Profit Loss
ProfitLoss
474000
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
258000
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
250000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-15000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-709000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
777000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
34000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-27000
us-gaap Inventory Write Down
InventoryWriteDown
103000
us-gaap Inventory Write Down
InventoryWriteDown
17000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
451000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
478000
us-gaap Share Based Compensation
ShareBasedCompensation
832000
us-gaap Share Based Compensation
ShareBasedCompensation
726000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2053000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
0
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
96000
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
1189000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
569000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-50000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-89000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1643000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-906000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-530000
cspi Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
393000
cspi Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
63000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-2609000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
860000
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-1000
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-50000
us-gaap Increase Decrease In Long Term Receivables Current
IncreaseDecreaseInLongTermReceivablesCurrent
950000
us-gaap Increase Decrease In Long Term Receivables Current
IncreaseDecreaseInLongTermReceivablesCurrent
-2178000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-8393000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-322000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-94000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-71000
cspi Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-67000
cspi Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-420000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-561000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2775000
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-350000
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-226000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-1221000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-1734000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4948000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
220000
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
64000
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
70000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
3533000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
1182000
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
0
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
322000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
51000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
215000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
223000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2681000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
31000
us-gaap Payments Of Dividends
PaymentsOfDividends
466000
us-gaap Payments Of Dividends
PaymentsOfDividends
0
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-1816000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
2058000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
406000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
647000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
35000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
151000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
98000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
90000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2600000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1315000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
95000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-158000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10134000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1408000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23982000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20007000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13848000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21415000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
42000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-233000
us-gaap Interest Paid Net
InterestPaidNet
308000
us-gaap Interest Paid Net
InterestPaidNet
184000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
392000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
23000
cspi Customer Financing For Inventory Sold
CustomerFinancingForInventorySold
5436000
cspi Customer Financing For Inventory Sold
CustomerFinancingForInventorySold
1232000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2022Q2 us-gaap Revenues
Revenues
13326000
us-gaap Revenues
Revenues
49321000
us-gaap Revenues
Revenues
37676000
CY2023Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
2100000
CY2022Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
4400000
CY2023Q2 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
0
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. These estimates and assumptions are related to reserves for bad debt, reserves for inventory obsolescence, the impairment assessment of intangible assets, right-of-use assets and lease liabilities, and the calculation of standalone selling price for revenue recognition, the calculation of liabilities related to deferred compensation and retirement plans and the calculation of income tax liabilities. Actual results may differ from those estimates under different assumptions or conditions.</p>
cspi Managed Service Contracts Right To Refund Period
ManagedServiceContractsRightToRefundPeriod
P30D
CY2023Q2 us-gaap Revenues
Revenues
17708000
CY2022Q3 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
0
CY2023Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3500000
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4100000
CY2023Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
0
CY2022Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
0
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
500000
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2400000
us-gaap Revenue Practical Expedient Incremental Cost Of Obtaining Contract
RevenuePracticalExpedientIncrementalCostOfObtainingContract
true
CY2023Q2 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
149000
CY2022Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
128000
CY2023Q2 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
0
CY2022Q3 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
0
CY2023Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
103000
CY2022Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
91000
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
302000
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
272000
us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0
us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0
cspi Performance Obligation Payment Terms
PerformanceObligationPaymentTerms
P30D
us-gaap Revenue Remaining Performance Obligation Optional Exemption Variable Consideration
RevenueRemainingPerformanceObligationOptionalExemptionVariableConsideration
true
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
61000
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
61000
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
122000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
2514000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
684000
us-gaap Net Income Loss
NetIncomeLoss
3796000
us-gaap Net Income Loss
NetIncomeLoss
474000
CY2023Q2 cspi Net Income Loss Attributable To Nonvested Common Stock
NetIncomeLossAttributableToNonvestedCommonStock
-159000
CY2022Q2 cspi Net Income Loss Attributable To Nonvested Common Stock
NetIncomeLossAttributableToNonvestedCommonStock
-38000
cspi Net Income Loss Attributable To Nonvested Common Stock
NetIncomeLossAttributableToNonvestedCommonStock
-232000
cspi Net Income Loss Attributable To Nonvested Common Stock
NetIncomeLossAttributableToNonvestedCommonStock
-24000
CY2023Q2 cspi Net Income Attributable To Common Stockholders
NetIncomeAttributableToCommonStockholders
2355000
CY2022Q2 cspi Net Income Attributable To Common Stockholders
NetIncomeAttributableToCommonStockholders
646000
cspi Net Income Attributable To Common Stockholders
NetIncomeAttributableToCommonStockholders
3564000
cspi Net Income Attributable To Common Stockholders
NetIncomeAttributableToCommonStockholders
450000
CY2023Q2 cspi Weighted Average Total Shares Outstanding Basic
WeightedAverageTotalSharesOutstandingBasic
4710000
CY2022Q2 cspi Weighted Average Total Shares Outstanding Basic
WeightedAverageTotalSharesOutstandingBasic
4535000
cspi Weighted Average Total Shares Outstanding Basic
WeightedAverageTotalSharesOutstandingBasic
4651000
cspi Weighted Average Total Shares Outstanding Basic
WeightedAverageTotalSharesOutstandingBasic
4481000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
297000
CY2022Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
255000
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
285000
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
230000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4413000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4280000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4366000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4251000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
103000
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
69000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
14000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4516000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4283000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4435000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4265000
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2022Q4 cspi Number Of Agreements Causing Increase In Accounts And Long Term Receivable
NumberOfAgreementsCausingIncreaseInAccountsAndLongTermReceivable
1
CY2022Q4 cspi Accounts And Long Term Receivable Payments To Be Received From Year One To Year Two
AccountsAndLongTermReceivablePaymentsToBeReceivedFromYearOneToYearTwo
3000000.0
CY2022Q4 cspi Period Of Payments To Be Received For Accounts And Long Term Receivable
PeriodOfPaymentsToBeReceivedForAccountsAndLongTermReceivable
P2Y
CY2023Q2 cspi Number Of Agreements Causing Increase In Accounts And Long Term Receivable
NumberOfAgreementsCausingIncreaseInAccountsAndLongTermReceivable
1
CY2023Q2 cspi Accounts And Long Term Receivable Payments To Be Received From Year One To Year Four
AccountsAndLongTermReceivablePaymentsToBeReceivedFromYearOneToYearFour
3100000
CY2023Q2 cspi Period Of Payments To Be Received For Accounts And Long Term Receivable
PeriodOfPaymentsToBeReceivedForAccountsAndLongTermReceivable
P4Y
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
442000
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
421000
CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
386000
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
23000
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3354000
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3928000
CY2023Q2 us-gaap Inventory Net
InventoryNet
4182000
CY2022Q3 us-gaap Inventory Net
InventoryNet
4372000
CY2023Q2 cspi Lease Cost Gross
LeaseCostGross
177000
CY2022Q2 cspi Lease Cost Gross
LeaseCostGross
193000
cspi Lease Cost Gross
LeaseCostGross
523000
cspi Lease Cost Gross
LeaseCostGross
568000
us-gaap Lease Cost
LeaseCost
521000
us-gaap Lease Cost
LeaseCost
567000
us-gaap Operating Lease Payments
OperatingLeasePayments
495000
us-gaap Operating Lease Payments
OperatingLeasePayments
486000
us-gaap Short Term Lease Payments
ShortTermLeasePayments
36000
us-gaap Short Term Lease Payments
ShortTermLeasePayments
93000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
35000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
392000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
23000
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
15000
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
51000
CY2023Q2 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
10637000
CY2022Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
8825000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1700000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1500000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28000
cspi Valuation Allowance Deferred Tax Asset Increase Decrease Release Of Allowances Amount
ValuationAllowanceDeferredTaxAssetIncreaseDecreaseReleaseOfAllowancesAmount
1800000
CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration
731000
cspi Estimated Annualized Effective Income Tax Rate
EstimatedAnnualizedEffectiveIncomeTaxRate
0.2199
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-2.058
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.645
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-4783000
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-5791000
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
1537000
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
1537000
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-6320000
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-7328000
CY2023Q2 us-gaap Revenues
Revenues
17708000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
575000
CY2023Q2 us-gaap Interest Expense Other
InterestExpenseOther
82000
CY2023Q2 us-gaap Interest Income Other
InterestIncomeOther
401000
CY2023Q2 us-gaap Assets
Assets
67603000
CY2023Q2 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
34000
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
91000
CY2022Q2 us-gaap Revenues
Revenues
13326000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
19000
CY2022Q2 us-gaap Interest Expense Other
InterestExpenseOther
80000
CY2022Q2 us-gaap Interest Income Other
InterestIncomeOther
158000
CY2022Q2 us-gaap Assets
Assets
64516000
CY2022Q2 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
28000
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
79000
us-gaap Revenues
Revenues
49321000
us-gaap Operating Income Loss
OperatingIncomeLoss
2176000
us-gaap Interest Expense Other
InterestExpenseOther
208000
us-gaap Interest Income Other
InterestIncomeOther
987000
CY2023Q2 us-gaap Assets
Assets
67603000
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
215000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
269000
us-gaap Revenues
Revenues
37676000
us-gaap Operating Income Loss
OperatingIncomeLoss
-401000
us-gaap Interest Expense Other
InterestExpenseOther
286000
us-gaap Interest Income Other
InterestIncomeOther
429000
CY2022Q2 us-gaap Assets
Assets
64516000
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
223000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
259000
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.03
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.03
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.04

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