2024 Q3 Form 10-Q Financial Statement

#000035603724000055 Filed on August 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $13.11M
YoY Change -25.99%
Cost Of Revenue $8.523M
YoY Change -27.65%
Gross Profit $4.582M
YoY Change -22.69%
Gross Profit Margin 34.96%
Selling, General & Admin $4.565M
YoY Change -1.0%
% of Gross Profit 99.63%
Research & Development $737.0K
YoY Change -0.54%
% of Gross Profit 16.08%
Depreciation & Amortization $74.00K
YoY Change -19.57%
% of Gross Profit 1.62%
Operating Expenses $5.302M
YoY Change -0.93%
Operating Profit -$720.0K
YoY Change -225.22%
Interest Expense $458.0K
YoY Change 102.65%
% of Operating Profit
Other Income/Expense, Net $460.0K
YoY Change 86.23%
Pretax Income -$260.0K
YoY Change -131.63%
Income Tax -$75.00K
% Of Pretax Income
Net Earnings -$185.0K
YoY Change -107.36%
Net Earnings / Revenue -1.41%
Basic Earnings Per Share -$0.02
Diluted Earnings Per Share -$0.02
COMMON SHARES
Basic Shares Outstanding 9.763M 9.754M
Diluted Shares Outstanding 9.110M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.89M
YoY Change 78.35%
Cash & Equivalents $30.59M $28.89M
Short-Term Investments
Other Short-Term Assets $3.093M $2.096M
YoY Change 25.17% -52.9%
Inventory $2.293M $2.475M
Prepaid Expenses
Receivables $10.24M
Other Receivables $8.710M
Total Short-Term Assets $54.85M $51.61M
YoY Change 8.91% 6.39%
LONG-TERM ASSETS
Property, Plant & Equipment $429.0K $482.0K
YoY Change -18.29% -20.07%
Goodwill
YoY Change
Intangibles $50.00K $47.00K
YoY Change 8.7% -6.0%
Long-Term Investments
YoY Change
Other Assets $173.0K $177.0K
YoY Change 54.46% 58.04%
Total Long-Term Assets $14.59M $15.20M
YoY Change -6.13% -20.41%
TOTAL ASSETS
Total Short-Term Assets $54.85M $51.61M
Total Long-Term Assets $14.59M $15.20M
Total Assets $69.44M $66.80M
YoY Change 5.36% -1.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.953M $11.80M
YoY Change 3.48% -15.27%
Accrued Expenses
YoY Change
Deferred Revenue $2.200M $1.600M
YoY Change 15.79% -54.29%
Short-Term Debt $829.0K
YoY Change -36.62%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $18.68M $14.60M
YoY Change 19.31% -24.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $1.614M $2.369M
YoY Change -12.8% 29.95%
Total Long-Term Liabilities $1.614M $2.369M
YoY Change -12.8% 29.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.68M $14.60M
Total Long-Term Liabilities $1.614M $2.369M
Total Liabilities $22.17M $18.66M
YoY Change 12.2% -20.16%
SHAREHOLDERS EQUITY
Retained Earnings $29.85M $31.83M
YoY Change -4.67% 5.78%
Common Stock $22.79M $22.15M
YoY Change 8.87% 8.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $47.27M $48.14M
YoY Change
Total Liabilities & Shareholders Equity $69.44M $66.80M
YoY Change 5.36% -1.18%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$185.0K
YoY Change -107.36%
Depreciation, Depletion And Amortization $74.00K
YoY Change -19.57%
Cash From Operating Activities $2.397M
YoY Change -668.01%
INVESTING ACTIVITIES
Capital Expenditures $45.00K
YoY Change 32.35%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$45.00K
YoY Change -103.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -578.0K
YoY Change 155.75%
NET CHANGE
Cash From Operating Activities 2.397M
Cash From Investing Activities -45.00K
Cash From Financing Activities -578.0K
Net Change In Cash 1.774M
YoY Change 254.8%
FREE CASH FLOW
Cash From Operating Activities $2.397M
Capital Expenditures $45.00K
Free Cash Flow $2.352M
YoY Change -615.79%

Facts In Submission

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StockholdersEquity
48140000
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
0.02
CY2023Q2 us-gaap Dividends Cash
DividendsCash
188000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
44227000
CY2024Q2 cspi Stockholders Equity Note Stock Split Percentage Of Stock Dividend
StockholdersEquityNoteStockSplitPercentageOfStockDividend
0.02
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
46148000
us-gaap Net Income Loss
NetIncomeLoss
1330000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
250000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1134000
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
3000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
84000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
70000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.075
us-gaap Dividends Cash
DividendsCash
724000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
48140000
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
831000
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
3000
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
0.05
us-gaap Dividends Cash
DividendsCash
466000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
44227000
CY2024Q2 cspi Stockholders Equity Note Stock Split Percentage Of Stock Dividend
StockholdersEquityNoteStockSplitPercentageOfStockDividend
0.02
us-gaap Profit Loss
ProfitLoss
1330000
us-gaap Profit Loss
ProfitLoss
3796000
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
223000
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
258000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-152000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-709000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-13000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
0
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
30000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
34000
us-gaap Inventory Write Down
InventoryWriteDown
165000
us-gaap Inventory Write Down
InventoryWriteDown
103000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
370000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
451000
us-gaap Share Based Compensation
ShareBasedCompensation
1134000
us-gaap Share Based Compensation
ShareBasedCompensation
831000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
237000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2053000
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
136000
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
96000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3558000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1271000
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
1095000
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
248000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
91000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-89000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
0
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-906000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-309000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-2217000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1164000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-8392000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-28000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-94000
cspi Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-475000
cspi Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-67000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-327000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-561000
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-94000
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-350000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-741000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
518000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-1221000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5721000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4948000
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
53000
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
64000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
3533000
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
0
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
1182000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
6000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
51000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
179000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
215000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-238000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2681000
us-gaap Payments Of Dividends
PaymentsOfDividends
724000
us-gaap Payments Of Dividends
PaymentsOfDividends
466000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-686000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-1816000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
427000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
406000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
70000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
83000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
98000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1824000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2600000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
95000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3674000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10134000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25217000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23982000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28891000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13848000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1091000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
42000
us-gaap Interest Paid Net
InterestPaidNet
159000
us-gaap Interest Paid Net
InterestPaidNet
308000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
19000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
392000
cspi Customer Financing For Inventory Sold
CustomerFinancingForInventorySold
4901000
cspi Customer Financing For Inventory Sold
CustomerFinancingForInventorySold
5436000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
7500000
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
9753900
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
9753900
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000
CY2024Q1 cspi Stockholders Equity Note Stock Split Percentage Of Stock Dividend
StockholdersEquityNoteStockSplitPercentageOfStockDividend
1
CY2024Q1 cspi Stockholders Equity Note Stock Split Percentage Of Stock Dividend
StockholdersEquityNoteStockSplitPercentageOfStockDividend
1
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;">Use of estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of condensed consolidated interim 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 the allowance for credit losses for accounts receivable and financing receivables, 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>
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
67000
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
82000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
15000
cspi Managed Service Contracts Right To Refund Period
ManagedServiceContractsRightToRefundPeriod
P30D
CY2024Q2 us-gaap Revenues
Revenues
13105000
CY2023Q2 us-gaap Revenues
Revenues
17708000
us-gaap Revenues
Revenues
42186000
us-gaap Revenues
Revenues
49321000
CY2024Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
800000
CY2023Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
900000
CY2024Q2 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
0
CY2023Q3 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
0
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1600000
CY2023Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1900000
CY2024Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
0
CY2023Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
0
CY2024Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
200000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1300000
us-gaap Revenue Practical Expedient Incremental Cost Of Obtaining Contract
RevenuePracticalExpedientIncrementalCostOfObtainingContract
true
CY2024Q2 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
190000
CY2023Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
172000
CY2024Q2 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
0
CY2023Q3 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
0
CY2024Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
122000
CY2023Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
103000
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
351000
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
302000
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
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
372000
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1327000
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
999000
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2002000
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4700000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-185000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
2514000
us-gaap Net Income Loss
NetIncomeLoss
1330000
us-gaap Net Income Loss
NetIncomeLoss
3796000
CY2024Q2 cspi Net Income Loss Attributable To Nonvested Common Stock
NetIncomeLossAttributableToNonvestedCommonStock
0
CY2023Q2 cspi Net Income Loss Attributable To Nonvested Common Stock
NetIncomeLossAttributableToNonvestedCommonStock
-159000
cspi Net Income Loss Attributable To Nonvested Common Stock
NetIncomeLossAttributableToNonvestedCommonStock
-86000
cspi Net Income Loss Attributable To Nonvested Common Stock
NetIncomeLossAttributableToNonvestedCommonStock
-232000
CY2024Q2 cspi Net Income Attributable To Common Stockholders
NetIncomeAttributableToCommonStockholders
-185000
CY2023Q2 cspi Net Income Attributable To Common Stockholders
NetIncomeAttributableToCommonStockholders
2355000
cspi Net Income Attributable To Common Stockholders
NetIncomeAttributableToCommonStockholders
1244000
cspi Net Income Attributable To Common Stockholders
NetIncomeAttributableToCommonStockholders
3564000
CY2024Q2 cspi Weighted Average Total Shares Outstanding Basic
WeightedAverageTotalSharesOutstandingBasic
9110000
CY2023Q2 cspi Weighted Average Total Shares Outstanding Basic
WeightedAverageTotalSharesOutstandingBasic
9420000
cspi Weighted Average Total Shares Outstanding Basic
WeightedAverageTotalSharesOutstandingBasic
9641000
cspi Weighted Average Total Shares Outstanding Basic
WeightedAverageTotalSharesOutstandingBasic
9301000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
0
CY2023Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
594000
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
627000
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
570000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9110000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8826000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9014000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8731000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
206000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
396000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
139000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9110000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9032000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9410000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8870000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.41
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
CY2024Q2 cspi Stockholders Equity Note Stock Split Percentage Of Stock Dividend
StockholdersEquityNoteStockSplitPercentageOfStockDividend
0.02
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
73000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
106000
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
16000
CY2024Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-10000
CY2023Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
16000
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
63000
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
106000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
100000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
88000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
16000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
30000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
34000
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
63000
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
106000
us-gaap Financing Receivable Modified Weighted Average Interest Rate Decrease From Modification
FinancingReceivableModifiedWeightedAverageInterestRateDecreaseFromModification
0.071
CY2024Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
177000
CY2023Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
234000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
528000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
605000
CY2024Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
13290000
CY2023Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
12254000
CY2024Q2 cspi Financing Receivable Unearned Interest Income Before Allowance For Credit Losses
FinancingReceivableUnearnedInterestIncomeBeforeAllowanceForCreditLosses
793000
CY2023Q3 cspi Financing Receivable Unearned Interest Income Before Allowance For Credit Losses
FinancingReceivableUnearnedInterestIncomeBeforeAllowanceForCreditLosses
859000
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
69000
CY2024Q2 us-gaap Notes Receivable Net
NotesReceivableNet
12428000
CY2023Q3 us-gaap Notes Receivable Net
NotesReceivableNet
11395000
CY2024Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
8710000
CY2023Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
7171000
CY2024Q2 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
3718000
CY2023Q3 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
4224000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
70000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0
CY2024Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-1000
CY2023Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
69000
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-13000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
69000
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0
CY2024Q2 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
4148000
CY2024Q2 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
3037000
CY2024Q2 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
4545000
CY2024Q2 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
1560000
CY2024Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
13290000
CY2024Q2 us-gaap Contract Receivable Due In Remainder Of Fiscal Year
ContractReceivableDueInRemainderOfFiscalYear
5962000
CY2024Q2 us-gaap Contract Receivable Due One Year Or Less
ContractReceivableDueOneYearOrLess
4670000
CY2024Q2 us-gaap Contract Receivable Due One To Two Years
ContractReceivableDueOneToTwoYears
1946000
CY2024Q2 us-gaap Contract Receivable Due Two To Three Years
ContractReceivableDueTwoToThreeYears
712000
CY2024Q2 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
13290000
CY2024Q2 cspi Financing Receivable Unearned Interest Income Before Allowance For Credit Losses
FinancingReceivableUnearnedInterestIncomeBeforeAllowanceForCreditLosses
793000
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
69000
CY2024Q2 cspi Contractual Receivables Net Of Unearned Income
ContractualReceivablesNetOfUnearnedIncome
12428000
CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
160000
CY2023Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
247000
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
53000
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
36000
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2262000
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2259000
CY2024Q2 us-gaap Inventory Net
InventoryNet
2475000
CY2023Q3 us-gaap Inventory Net
InventoryNet
2542000
CY2024Q2 cspi Lease Cost Gross
LeaseCostGross
143000
CY2023Q2 cspi Lease Cost Gross
LeaseCostGross
177000
CY2024Q2 us-gaap Lease Cost
LeaseCost
142000
CY2023Q2 us-gaap Lease Cost
LeaseCost
177000
cspi Lease Cost Gross
LeaseCostGross
424000
cspi Lease Cost Gross
LeaseCostGross
523000
us-gaap Lease Cost
LeaseCost
422000
us-gaap Lease Cost
LeaseCost
521000
us-gaap Operating Lease Payments
OperatingLeasePayments
403000
us-gaap Operating Lease Payments
OperatingLeasePayments
495000
us-gaap Short Term Lease Payments
ShortTermLeasePayments
26000
us-gaap Short Term Lease Payments
ShortTermLeasePayments
36000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4000
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
-11000
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
-15000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
19000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
392000
CY2024Q2 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
10510000
CY2023Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
10034000
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-75000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1700000
CY2024Q2 cspi Estimated Annualized Effective Income Tax Rate
EstimatedAnnualizedEffectiveIncomeTaxRate
0.192
CY2023Q2 cspi Estimated Annualized Effective Income Tax Rate
EstimatedAnnualizedEffectiveIncomeTaxRate
0.517
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.293
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-2.019
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
73000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1500000
cspi Estimated Annualized Effective Income Tax Rate
EstimatedAnnualizedEffectiveIncomeTaxRate
0.192
cspi Estimated Annualized Effective Income Tax Rate
EstimatedAnnualizedEffectiveIncomeTaxRate
0.220
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.049
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.514
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-4579000
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-4829000
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
1265000
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
1265000
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5844000
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-6094000
CY2024Q2 us-gaap Revenues
Revenues
13105000
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-720000
CY2024Q2 us-gaap Interest Expense Other
InterestExpenseOther
55000
CY2024Q2 us-gaap Interest Income Other
InterestIncomeOther
523000
CY2024Q2 us-gaap Assets
Assets
66804000
CY2024Q2 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
45000
CY2024Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
74000
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 Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
34000
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
91000
us-gaap Revenues
Revenues
42186000
us-gaap Operating Income Loss
OperatingIncomeLoss
171000
us-gaap Interest Expense Other
InterestExpenseOther
150000
us-gaap Interest Income Other
InterestIncomeOther
1497000
CY2024Q2 us-gaap Assets
Assets
66804000
us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
179000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
228000
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 Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
215000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
269000
CY2024Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
2
CY2024Q1 cspi Stockholders Equity Note Stock Split Percentage Of Stock Dividend
StockholdersEquityNoteStockSplitPercentageOfStockDividend
1
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0000356037-24-000055-index-headers.html Edgar Link pending
0000356037-24-000055-index.html Edgar Link pending
0000356037-24-000055.txt Edgar Link pending
0000356037-24-000055-xbrl.zip Edgar Link pending
cspi-20240630.xsd Edgar Link pending
cspi-20240630x10q.htm Edgar Link pending
cspi-20240630xex31d1.htm Edgar Link pending
cspi-20240630xex31d2.htm Edgar Link pending
cspi-20240630xex32d1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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cspi-20240630_def.xml Edgar Link unprocessable
cspi-20240630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
cspi-20240630x10q_htm.xml Edgar Link completed
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report.css Edgar Link pending
Show.js Edgar Link pending
cspi-20240630_cal.xml Edgar Link unprocessable
cspi-20240630_lab.xml Edgar Link unprocessable