CSPI...Slight loss but cash very strong and pipeline filling up. Should get E2D plane next Q for sure (based on last Q comments). CSPI is worth $43M (market cap) $10+ a share all day long IMO, no matter the share price. Should get good forward statements from the cc. Trading at approx 2x cash with what looks to be blue skies ahead. Don't think we'll see a major pop today, but $10 and below will prove to be a steal (IMO) if it goes there. We'll see what they say in the cc.
CSP Inc. Reports Fiscal 2021 Third Quarter Results Continued Year-over-Year Gross Margin Improvement Validates Business Strategy
LOWELL, Mass., Aug. 11, 2021 (GLOBE NEWSWIRE) -- CSP Inc. (NASDAQ: CSPI), an award-winning provider of security and packet capture products, managed IT and professional services and technology solutions, reported financial and operating results for the fiscal 2021 third quarter ended June 30, 2021 and provided a business update.
Third Quarter Operating Highlights and Recent Achievements
Signed new multi-million-dollar cloud-based customer with a potential for up to 10,000 users Continue to on board ARIA ADR customers, demonstrating the successful integration with the MSP business; Received purchase orders from three new customers; more than two dozen targets currently evaluating ARIA proposals Continued positive impact of a favorable revenue mix led to a gross margin improvement compared to the year-ago fiscal third quarter Received numerous industry accolades: CRN®, a brand of The Channel Company, named CSPi Technology Solutions to its 2021 Managed Service Provider (MSP) 500 list in the Security 100 category. The list, released annually, recognizes the leading North American solution providers that have demonstrated innovative and forward-thinking approaches to managed services Two ARIA SDS applications for automated cyber-attack detection and response won the following awards from Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine: Cutting Edge in Advanced Persistent Threat Detection and Response and Most Innovative in Network Security and Management Solid balance sheet provides resources for Company to pursue growth strategy https://www.globenewswire.com/news-release/2021/08/11/2278796/22427/en/CSP-Inc-Reports-Fiscal-2021-Third-Quarter-Results.html
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