CSP Inc. develops and markets IT integration solutions, security products, managed IT services, cloud services, network adapters, and cluster computer systems for commercial and defense customers worldwide. The Technology Solutions segment provides third-party hardware, software, and information technology products, such as data center infrastructure solutions, midrange data storage infrastructure products, networking and mobility products, unified communications, and advanced IT security hardware and software solutions. This segment also offers hyper-converged infrastructure, a software-centric architecture that tightly integrates compute, storage, and virtualization resources in a single system; virtualization; IT consulting services, such as assessments, planning, designing, assessment, implementation, migration, optimization, and project management; enterprise security intrusion prevention, network access control, and unified threat management services; and IT security compliance services. In addition, it provides unified communications; wireless, and routing and switching solutions; custom software applications and solutions development and support services; optimization, maintenance, and technical support services; managed IT services, such as monitoring, reporting, and management of alerts for the resolution and preventive general IT, and IT security support tasks; and proactive monitoring and remote management of IT infrastructure, managed and hosted unified communication as a service, managed security, managed backup and replication, and cloud services. The High Performance Products segment offers ARIA Software-Defined Security, a cybersecurity solution; ARIA Zero Trust PROTECT that stopping the attacks that are used to attack critical infrastructure applications; Myricom SmartNIC adapters; and multicomputer products for digital signal processing applications in the defense markets. CSP Inc. was incorporated in 1968 and is based in Lowell, Massachusetts.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $59M | $-1M | $-0M | $2M | -0.2% | 6.4% | -72.1% |
| 2024 | $55M | $1M | $-0M | $4M | -0.7% | -14.6% | -106.3% |
| 2023 | $65M | $6M | $5M | $4M | 11.3% | 18.9% | 175.5% |
| 2022 | $54M | $3M | $2M | $2M | 4.8% | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 54.36 | 64.65 | 55.22 | 58.73 |
| Operating Revenue | - | 54.36 | 64.65 | 55.22 | 58.73 |
| Cost Of Revenue | - | 35.53 | 42.73 | 36.36 | 40.22 |
| Gross Profit | - | 18.83 | 21.92 | 18.86 | 18.51 |
| Operating Expense | - | 18.87 | 20.05 | 20.73 | 21.62 |
| Research And Development | - | 3.08 | 3.14 | 2.96 | 3.25 |
| Selling General And Administration | - | 15.78 | 16.91 | 17.77 | 18.37 |
| Total Expenses | - | 54.40 | 62.78 | 57.09 | 61.84 |
| Operating Income | - | -0.04 | 1.87 | -1.87 | -3.11 |
| Total Operating Income As Reported | - | -0.04 | 1.87 | -1.87 | -3.11 |
| EBITDA | - | 3.23 | 5.93 | 0.61 | -0.60 |
| Normalized EBITDA | - | 1.54 | 4.37 | 1.05 | -0.64 |
| EBIT | - | 2.30 | 5 | -0.18 | -1.30 |
| Interest Income | - | 0.65 | 1.46 | 2.05 | 1.85 |
| Interest Expense | - | 0.36 | 0.26 | 0.24 | 0.36 |
| Net Interest Income | - | 0.29 | 1.20 | 1.81 | 1.50 |
| Other Non Operating Income Expenses | - | 0 | 0.11 | 0.08 | -0.08 |
| Other Income Expense | - | 1.69 | 1.67 | -0.36 | -0.05 |
| Interest Income Non Operating | - | 0.65 | 1.46 | 2.05 | 1.85 |
| Interest Expense Non Operating | - | 0.36 | 0.26 | 0.24 | 0.36 |
| Net Non Operating Interest Income Expense | - | 0.29 | 1.20 | 1.81 | 1.50 |
| Pretax Income | - | 1.94 | 4.74 | -0.42 | -1.66 |
| Tax Provision | - | 0.05 | -0.47 | -0.09 | -1.57 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.04 | 0.33 | -0.10 | 0.01 |
| Net Income Continuous Operations | - | 1.89 | 5.20 | -0.33 | -0.09 |
| Net Income From Continuing And Discontinued Operation | - | 1.89 | 5.20 | -0.33 | -0.09 |
| Net Income From Continuing Operation Net Minority Interest | - | 1.89 | 5.20 | -0.33 | -0.09 |
| Net Income | - | 1.89 | 5.20 | -0.33 | -0.09 |
| Net Income Common Stockholders | - | 1.79 | 4.88 | -0.33 | -0.09 |
| Net Income Including Noncontrolling Interests | - | 1.89 | 5.20 | -0.33 | -0.09 |
| Normalized Income | - | 0.24 | 3.98 | 0.01 | -0.12 |
| Diluted NI Availto Com Stockholders | - | 1.79 | 4.88 | -0.33 | -0.09 |
| Basic Average Shares | - | 8.52 | 8.76 | 9.04 | 9.30 |
| Diluted Average Shares | - | 8.56 | 8.94 | 9.04 | 9.30 |
| Reconciled Depreciation | - | 0.94 | 0.93 | 0.79 | 0.70 |
| Reconciled Cost Of Revenue | - | 35.53 | 42.73 | 36.36 | 40.22 |
| Total Unusual Items | - | 1.69 | 1.56 | -0.44 | 0.03 |
| Total Unusual Items Excluding Goodwill | - | 1.69 | 1.56 | -0.44 | 0.03 |
| Net Income Discontinuous Operations | 0.46 | 0 | - | - | - |
| Special Income Charges | 2.20 | 0 | 2.14 | 0 | - |
| Other Special Charges | -2.20 | - | -2.14 | - | - |
| Gain On Sale Of Security | - | 1.69 | -0.58 | -0.44 | 0.03 |
| Otherunder Preferred Stock Dividend | - | 0.10 | 0.32 | 0 | 0 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CSP Inc.this co. | CSPI | $94M | -1029.32 | 2.10 | -0.2% | -114.33 |
| Tucows Inc. | TCX | $153M | -2.01 | -0.93 | 46.2% | 18.01 |
| MicroVision, Inc. | MVIS | $143M | -1.50 | 2.57 | -171.0% | -2.08 |
| TTEC Holdings, Inc. | TTEC | $112M | - | 1.17 | -202.5% | - |
| Expensify, Inc. | EXFY | $111M | -5.19 | 0.84 | -16.1% |
| - |
| - |
| - |
| -5.60 |
| Airship AI Holdings, Inc. | AISP | $108M | 3.69 | -15.13 | -410.1% | -14.22 |
| SoundThinking, Inc. | SSTI | $99M | -10.51 | 1.37 | -13.1% | 159.23 |
| AudioEye, Inc. | AEYE | $90M | -29.36 | 18.80 | -64.1% | 177.33 |
| Neonode Inc. | NEON | $31M | 3.66 | 1.26 | 34.4% | 0.79 |
| Peer Median | - | -2.01 | 1.22 | -40.1% | 0.79 | |
Historically, Feb has averaged the highest return (+13.4%); Apr the lowest (-6.0%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.6%Negative MonthJan 2026: -8.64% | -21.1%Negative MonthFeb 2026: -21.10% | -4.0%Negative MonthMar 2026: -4.00% | +7.4%Positive MonthApr 2026: +7.40% | +6.5%Positive MonthMay 2026: +6.46% | -19.7%Negative MonthJun 2026: -19.72% | -0.4%Neutral MonthJul 2026: -0.38% | -4.7%*Negative MonthAug 2026: -4.68% | — | — | — | — |
| 2025 | +24.3%Positive MonthJan 2025: +24.33% | -17.2%Negative MonthFeb 2025: -17.17% | -7.3%Negative MonthMar 2025: -7.31% | +8.5%Positive MonthApr 2025: +8.47% | -8.5%Negative MonthMay 2025: -8.53% | -15.0%Negative MonthJun 2025: -14.98% | -20.7%Negative MonthJul 2025: -20.71% | +17.5%Positive MonthAug 2025: +17.54% | -4.2%Negative MonthSep 2025: -4.23% | +15.5%Positive MonthOct 2025: +15.50% | -14.1%Negative MonthNov 2025: -14.09% | +9.1%Positive MonthDec 2025: +9.08% |
| 2024 | +22.6%Positive MonthJan 2024: +22.63% | +103.8%Positive MonthFeb 2024: +103.77% | -24.2%Negative MonthMar 2024: -24.19% | -29.2%Negative MonthApr 2024: -29.20% | +13.2%Positive MonthMay 2024: +13.16% | +0.7%Neutral MonthJun 2024: +0.74% | +3.8%Positive MonthJul 2024: +3.76% | -10.1%Negative MonthAug 2024: -10.09% | -6.5%Negative MonthSep 2024: -6.55% | -4.0%Negative MonthOct 2024: -4.00% | +30.3%Positive MonthNov 2024: +30.31% | -1.1%Neutral MonthDec 2024: -1.11% |
| 2023 | +15.1%Positive MonthJan 2023: +15.06% | +1.9%Neutral MonthFeb 2023: +1.94% | +22.9%Positive MonthMar 2023: +22.88% | -5.8%Negative MonthApr 2023: -5.81% | -3.8%Negative MonthMay 2023: -3.75% | -3.3%Negative MonthJun 2023: -3.33% | +7.6%Positive MonthJul 2023: +7.64% | +20.9%Positive MonthAug 2023: +20.90% | +12.9%Positive MonthSep 2023: +12.90% | +19.1%Positive MonthOct 2023: +19.14% | +19.7%Positive MonthNov 2023: +19.66% | -21.9%Negative MonthDec 2023: -21.88% |
| 2022 | -5.6%Negative MonthJan 2022: -5.57% | -0.6%Neutral MonthFeb 2022: -0.60% | -4.5%Negative MonthMar 2022: -4.48% | -10.8%Negative MonthApr 2022: -10.79% | +27.3%Positive MonthMay 2022: +27.31% | +1.7%Neutral MonthJun 2022: +1.68% | -13.4%Negative MonthJul 2022: -13.41% | -1.5%Neutral MonthAug 2022: -1.52% | -7.3%Negative MonthSep 2022: -7.35% | +2.8%Positive MonthOct 2022: +2.78% | +17.9%Positive MonthNov 2022: +17.86% | +8.3%Positive MonthDec 2022: +8.27% |
| 2021 | — | — | — | — | +13.7%Positive MonthMay 2021: +13.70% | +3.4%Positive MonthJun 2021: +3.43% | -3.6%Negative MonthJul 2021: -3.60% | -8.8%Negative MonthAug 2021: -8.84% | -3.8%Negative MonthSep 2021: -3.77% | -4.6%Negative MonthOct 2021: -4.59% | +2.5%Positive MonthNov 2021: +2.46% | +0.7%Neutral MonthDec 2021: +0.69% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.