Replies to post #84071 on Savvy Trades and Investments

[2morrowsGains]

CSPI...Nice mention of ARIA CloudADR out of India on this "Safer Internet Day"...
(Taken from IndiaAI.gov Cover Story: Safer Internet Day: AI making the cloud safer for businesses in the new normal)

Excerpt from the article (link is below)...

Cloud Is Safe, But Not Entirely Immune To Cyberthreats

In the early days of the pandemic, concerns over reduced business continuity and stakeholder communication were running high. The demand for heightened collaboration led to a surge in adoption of conferencing and business collaboration tools. According to a NASSCOM report released in September 2020, COVID19 further accelerated cloud adoption in India, especially among SMBs in sectors like e-learning, healthcare, retail, gaming and entertainment.

While cloud does make a conscious move away from the conventional perimeter-security strategy that large corporations deploy, there is also the promise of enhanced safety. However, no setup can honestly promise 100% safety and security, and its no surprise that over the years, cloud services too have witnessed an increase in the number and scope of attacks. Popular cyberthreats that could compromise cloud computing include:

Cryptojacking: Accessing cloud computing systems for their power, to mine for cryptocurrency
Data Breaches: Cyber criminals gaining unauthorised access to a company’s cloud network to copy and transmit data
Denial of Service: DoS attacks are when cyber criminals overload a company’s servers with voluminous traffic loads, making services inaccessible to customers and the company executives as well.
Insider Threats: As the name suggests, this happens when employees compromise company data, unintentionally or intentionally.
Hijacking Accounts: Password stuffing and phishing are techniques to hijack company accounts, and access vast amounts of employee information
Insecure Applications: A careless download of suspicious software can wreak havoc on entire systems.
Inadequate Training: IT professionals must receive constant and proper training on industry protocols and latest cyber risks to help their organizations develop robust protection strategies.
Integrated Approach to New-Age Cyberthreats, Supported by AI

Cybersecurity firms worldover understand the nature of the beast they are tackling. Cybercriminals are crafty and sophisticated – often times, they use AI to unleash more attacks on organizations. It is imperative to stay a step ahead at all times. Since investing in multiple products and solutions to manage all these threats 24/7 is a huge cost facto, cybersecurity companies are increasingly exploring integrated security solutions for cloud platforms – this helps businesses manage costs and more importantly, streamline their cyber management activities more efficiently.

Motorola Solutions just rolled out the AI Network Video Recorder (NVR) that combines the traditional Avigilon NVR with the capabilities of the Avigilon AI appliance to provide enterprises with a solution that fulfils their analytics, storage and cybersecurity needs. Last week, ARIA Cybersecurity Solutions announced the ARIA CloudADR that monitors all threat surfaces to detect known and novel cyberattacks. It uses a threat modelling approach to detect threats by behaviors, and leverages ML to help find these behaviors both within the threat analytics, as well as the network data. It is AI-driven, which means it finds verifies and surfaces only confirmed attacks, without human involvement. This solution is automated for near real-time identification and containment of verified threats, provides intelligent threat detection and response with AI and ML threat-based behavior models and provides the functionality of SEVEN disparate security tools in one product.
https://indiaai.gov.in/article/safer-internet-day-ai-making-the-cloud-safer-for-businesses-in-the-new-normal

[2morrowsGains]

CSPI...CSP Inc. Reports Fiscal First Quarter 2021 Results; Fifth Consecutive Quarter of Year-Over-Year Gross Margin Improvement

Company Experiencing Rising Interest of ARIA Advanced Detection and Response (ADR) Solution to Address Cyber Attacks

LOWELL, Mass., Feb. 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 2021 fiscal first quarter and provided a business update.

First Quarter Operating Highlights and Recent Achievements

- Favorable revenue mix led to a gross margin improvement of 5.8 percentage points compared to the year-ago fiscal first quarter
- Recent large-scale cyber-attack and new Cloud offering creating new - customer opportunities for ARIA's Advanced Detection and Response solution
- ARIA microHSM solution gains traction with new customers
- Maintained strong balance sheet to execute growth strategies

"Our strategy to transition to higher margin products and services is reflected in this quarter's operating performance as we delivered our fifth consecutive quarter of year-over-year gross margin improvement, despite the declining revenue due to COVID-19," commented Victor Dellovo, Chief Executive Officer. "Further, our response to the recent and well-chronicled cyber-attack reinforces our commitment of becoming a leading cybersecurity company, as we are experiencing a heightened level of interest for the ARIA Advanced Detection and Response solution. In addition, we just launched ARIA CloudADR to help provide organizations with COVID-19 tightened budgets, a lower entry cost solution to help protect against cybersecurity threats. As such, we believe we have a substantial opportunity ahead of us as our fiscal year unfolds. Overall, we continue to weather the COVID-19 impacts, and with a solid balance sheet we believe we have the resources to manage the business and are positioned to execute our operating strategies when our target customers are able to introduce new solutions into their operations."

Fiscal Year 2021 First Quarter Results

Revenue for the fiscal first quarter was $11.4 million, compared to $16.9 million in the year-ago fiscal first quarter, which was the last full quarter prior to the business disruption caused by the COVID-19 pandemic. Gross profit for the fiscal first quarter was $3.4 million, or 29.7% of sales, compared with $4.0 million, or 23.9% of sales, in the year-ago fiscal first quarter, reflecting improved product gross margin percentage plus a mix of higher margin services business. The Company reported a net income of $1.2 million in the first fiscal quarter, or $0.27 per share - basic, compared with a net loss of $(0.5) million or $(0.14) per share - basic, for the first quarter of fiscal 2020. The 2021 fiscal first quarter includes a gain on debt extinguishment of the Paycheck Protection Plan SBA Loans at the TS and HPP segment totaling $2.2 million, which was established as part of the CARES Act loan.

At December 31, 2020, the Company had cash and cash equivalents of $19.9 million.

Full earnings PR
https://ih.advfn.com/stock-market/NASDAQ/csp-CSPI/stock-news/84310839/csp-inc-reports-fiscal-first-quarter-2021-results