Csp Inc Stock Price, News & Analysis

CSPi has received a multi-million, multi-site order for its ARIA SDS solution from a national intelligence agency, enhancing network visibility for national security. This solution, designed for high-bandwidth processing, will improve incident detection and response by effectively filtering network traffic. The rollout is scheduled for the second half of 2022, pending supply chain conditions. This strategic deployment underscores ARIA's capabilities in real-time packet analytics, vital for cybersecurity.

CSP Inc. (NASDAQ: CSPI) reported its fiscal 2021 third quarter results, with revenues of $13.7 million, down slightly from $13.8 million year-over-year. Gross profit improved to $4.2 million, representing a 30.7% margin, marking the seventh consecutive quarter of year-over-year margin improvement. The company posted a net loss of $0.4 million, or $0.10 per share. Despite challenges, CSPi secured a multi-million-dollar cloud contract and continues to onboard ARIA ADR customers. The balance sheet remains strong with $19.7 million in cash, supporting its growth strategy.

CSPi (NASDAQ: CSPI) plans to release its fiscal third quarter financial results on August 11, 2021, before market opening.

The call will be hosted by President and CEO Victor Dellovo and CFO Gary W. Levine at 10:00 a.m. ET, providing a review of the financials and a business update.

Investors can access the live webcast on the company's website or by telephone. A replay of the webcast will be available for one year.

CSP Inc. (NASDAQ: CSPI) reported its fiscal 2021 second-quarter results, revealing revenue of $14.1 million, a 24% increase from the first quarter but a decline from the prior year's $16.9 million. The gross margin improved by 4 percentage points to 31% of sales, attributed to a favorable revenue mix. Despite a net loss of $0.8 million or $(0.20) per share, the company noted strong customer engagement and emerging opportunities in cybersecurity. Cash and equivalents stood at $20.4 million as of March 31, 2021, reflecting a $0.5 million increase from the previous quarter.

CSPi has announced that ARIA Cybersecurity Solutions has joined the HPE OEM partner program. This collaboration will allow ARIA to offer its Myricom SmartNICs and ARIA Software Defined Security applications on HPE ProLiant servers. The partnership aims to enhance data-intensive applications, providing solutions for network monitoring, cyber-attack detection, and policy enforcement. By utilizing SmartNIC technology, organizations can significantly reduce power consumption and costs, improving their cybersecurity posture.

CSPi (NASDAQ: CSPI) will release its fiscal second quarter financial results on May 11, 2021, before market opening. This announcement was made by President and CEO Victor Dellovo and CFO Gary W. Levine. A conference call is scheduled for 10:00 a.m. ET the same day to discuss the results and provide business updates. The call will be accessible via a live webcast on the company's website, and a replay will be available for approximately one year.

CSPi (NASDAQ: CSPi) announced that its ARIA Cybersecurity Solutions will utilize the NVIDIA Morpheus framework to enhance their Software Defined Security (SDS) applications. This partnership aims to improve cyber-attack detection and response capabilities, leveraging AI and machine learning on real-time network traffic analytics. The ARIA Advanced Detection and Response (ADR) and Packet Intelligence (PI) solutions will now extend their capabilities to edge cloud environments, enabling service providers to handle data-intensive applications effectively.