CSP Inc Q3 revenue falls, net loss widens amid supply delays
CSP Inc Q3 revenue falls, net loss widens amid supply delays
Overview
US security and IT services firm's fiscal Q3 revenue declined yr/yr amid hardware supply delays
Company posted wider net loss for fiscal Q3 compared to prior year
Gross margin improved to 30.1% from 28.8% in prior-year quarter
Outlook
Company expects vendor hardware delivery delays to continue into first half of fiscal 2027
CSP says increased backlog is expected to enhance full year 2027 results
Company sees significant business momentum entering fiscal 2027 due to new contracts and backlog
Result Drivers
HARDWARE SUPPLY DELAYS - Co said ongoing vendor hardware supply issues extended customer delivery lead times and contributed to elevated backlog levels
NEW CONTRACTS - Co signed several new Technology Solutions customers, including a six-year, seven-figure managed services agreement
Company press release: ID:nGNX59RGhy
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $14.40 mln |
|
Q3 Loss Per Share |
| $0.09 |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)