New insider activity at CSP ( (CSPI) ) has taken place on March 12, 2025.
Joseph Nerges has made a significant investment by purchasing 2,000 shares of CSP stock, with the transaction valued at $31,041.
Recent Updates on CSPI stock
CSP Inc. recently reported a strong start to fiscal 2025, with a notable increase in total revenue driven by a 17% boost in service revenue and a 200 basis point expansion in gross margins. The company’s Q1 earnings call highlighted a robust financial performance, including a net income of $472,000 or $0.05 per diluted share, and a strong cash position of over $30 million. Key developments include the expansion of the AZT PROTECT customer base and a strategic partnership with United Flow Technologies. However, challenges remain, such as the limited impact of AZT PROTECT revenues in the broader market and slow development of Rockwell sales channels. Concerns over potential shareholder dilution were also noted. CSPi’s forward-looking guidance emphasizes continued service revenue growth and maintaining strong cash reserves, with ongoing investments in the AZT PROTECT line and a $0.03 per share quarterly cash dividend.
More about CSP
YTD Price Performance: -4.68%
Average Trading Volume: 39,880
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $151.1M