What is the market's earnings forecast for CSP next quarter?

What is CSP's gross profit margin?

What guidance did CSP's management provide for the next earnings period?

What factors drove the changes in CSP's revenue and profit?

Did CSP beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for CSP year over year?

What does CSP do and what are its main business segments?

What were the key takeaways from CSP's earnings call?

- **Revenue Growth**: Q3 2025 revenue up 18% YoY to $15.4 million, driven by cloud solutions and AZT PROTECT cybersecurity.
- **AZT PROTECT Expansion**: Deployed in steel, concrete, and lumber industries via Rockwell resellers; South African distributor Oryx secures follow-up orders.
- **Financial Health**: $26 million cash, 19,000 shares repurchased, and $0.03 dividend approved.
- **Product Innovation**: AZT PROTECT now supports Linux, with 14 countermeasures and IoT integration for constrained environments.
- **Reseller Momentum**: U.S. Rockwell resellers project FY26 acceleration; Oryx targets tens of thousands of cell towers.

**【CEO Summary Section】**
- Q3 2025 revenue reached $15.4 million, up 18% YoY and 18% sequentially, driven by the Technology Solutions (TS) segment's managed cloud business and the High-Performance Products (HPP) segment's AZT PROTECT cybersecurity solution.
- TS segment growth was fueled by 20 active cloud projects across industries, including a successful expansion in the container shipping sector.
- HPP segment momentum: AZT PROTECT deployed in steel, concrete, and lumber industries via Rockwell Automation resellers, with a 'land and expand' strategy yielding multi-site contracts (e.g., a U.S. steel producer). South African distributor Oryx secured follow-up orders for cell tower IoT protection.
- CFO Gary Levine reported $26 million in cash, with 19,000 shares repurchased and a $0.03 quarterly dividend approved.

**【CFO Financial Commentary】**
- Q3 2025: Product revenue +29% YoY, service revenue flat; gross profit $4.5 million (29% of sales) vs. 35% prior year due to product mix and component costs.
- Engineering expenses +7% YoY for AZT PROTECT consulting; SG&A +$0.2 million for marketing.
- 9-months revenue $44.3 million (+$2.1 million YoY), net profit $0.1 million ($0.01 per share) due to tax benefits.

**【Q&A Key Highlights】**
- **AZT PROTECT Evolution**: Expanded to Linux, added 14 countermeasures, and integrated with IT SIMs; adapted for constrained environments (e.g., cell tower IoT devices).
- **Reseller Momentum**: Rockwell's top U.S. resellers (Rexel, CED, Sonepar) project FY26 revenue acceleration; Oryx expects tens of thousands of cell towers deployed over 12-18 months.
- **Strategic Wins**: Progress with a major water facility reseller under NDA; South Africa's ARIA team driving international expansion.
- **Consulting Costs**: One-time expenses for high-level product testing, with limited future impact.


CSP Inc. (CSPI) Q3 2025 Earnings Call Transcript

Revenue

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CSPI

CSPI fundamentals

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