Press Releases

December 29, 2016 CSP Inc. Announces Filing Extension for Form 10-K
Expects to Report YOY Growth in Revenue and EPS for 2016 CSP Inc. (NASDAQ:CSPI) today announced that the Company will file a Form 12b-25 notification of late filing with the Securities and Exchange Commission to receive a 15 day extension to file its Annual Report on Form 10-K (“Annual Report”).  The delay in the filing of the Annual Report was due to expanded testing of revenue transactions for the Company’s European Operations.  As a result, the Company’s independent auditors have not completed their audit of the Company’s financial statements for the fiscal year ended September 30 , 2016.  The Company expects to report revenue growth of approximately 16% for fiscal 2016 as compared to fiscal 2015, and to report positive earnings per share for the full year and fourth quarter ending September 30 , 2016.  The Company expects to file its Annual Report, with its audited financial statements, no later than January 13, 2017 .
About CSP Inc. CSPi (NASDAQ:CSPI) maintains two distinct...
August 18, 2016 CSP Inc. Reports Third-Quarter Fiscal 2016 Financial Results
CSP Inc. (NASDAQ:CSPI), a provider of IT solutions and purpose-built network adapters for diverse applications, today reported financial results for the third quarter of fiscal 2016 ended June 30, 2016 .
The Company also announced that its board of directors has voted to pay its quarterly dividend of $0.11 per share to shareholders of record August 31, 2016 payable September 9, 2016. Management Comments “We performed well on both the top and bottom lines in the third quarter, as we continue to make excellent progress against our operational and strategic initiatives,” said President and Chief Executive Office Victor Dellovo. “Sales were up 21% in the third quarter, and we reported EPS of $0.32 versus $0.07 a year ago. “In the High Performance Products Division, we received royalty revenue for three E-2D planes, as well as additional revenue from parts shipments to support future E-2D plane builds.  Separately, we received product revenue from an existing international customer....
August 17, 2016 CSP Inc. to Announce Third-Quarter Fiscal 2016 Financial Results on August 18
CSP Inc. (NASDAQ:CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its third-quarter 2016 financial results after the close of the market on Thursday, August 18, 2016 .
CSP President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call on Thursday, August 18 at 5:00 p.m. ET to review the financial results and provide a business update.  To listen to a live webcast of the call, please visit the “Investor Relations” section of the Company’s website at http://www.cspi.com/.  Individuals also may listen to the call via telephone, by dialing (888) 632-3384 or (785) 424-1675. For interested parties unable to participate in the live call, an archived replay of the webcast will be available for approximately one year on CSP’s website. About CSP Inc. CSPi (NASDAQ:CSPI) maintains two distinct and dynamic divisions – High Performance...
July 19, 2016 CSPi Successfully Completes SOC 2 Type 2 Security Examination
Verifying that Managed Services processes and procedures meet strict audit requirements CSP Inc. (NASDAQ:CSPI), a provider of managed IT solutions and purpose-built, high-performance Ethernet adapters is excited to announce that CSPi’s Technology Solutions division, has successfully completed the Service Organization Control (SOC) 2 Type 2 Security Examination.
The SOC 2 examination reports are attestation reports that present findings on controls at a service organization relevant to the security, availability, or processing integrity of a system, or the confidentiality or privacy of the information processed for the user entities.  For objectivity purposes, SOC 2 examinations may only be performed by an independent CPA firm that meets the strict audit requirements set forth by the American Institute of Certified Public Accountants (AICPA). The CSPi Technology Solutions Managed Services team was evaluated under the Security Trust Services principle, which focuses on how their...
June 9, 2016 CSPi Named to CRN’s 2016 Solution Provider 500 List
CSPi (NASDAQ:CSPI) announced today that CRN® , a brand of The Channel Company , has named CSPi Technology Solutions division to its 2016 Solution Provider 500 list . The SP500 list is CRN’s annual ranking of the largest technology integrators, solution providers and IT consultants in North America by revenue.
The SP500 is CRN’s predominant channel partner award list, serving as the industry standard for recognition of the most successful solution provider companies in the channel since 1995. CRN has also released its 2016 SP500 Newcomers list, recognizing 47 companies making their debut in the SP500 ranking this year. “CSPi is excited to be a part of the 2016 Solution Provider 500 list,” said Victor Dellovo, CEO. “The commitment and dedication of our engineering and integration staff is evident in our ability to deliver leading edge managed IT services and highly regarded technology solutions. Our success is rooted in a three-pronged strategy that highlights a strong portfolio...
May 11, 2016 CSP Inc. Reports Second-Quarter Fiscal 2016 Financial Results
CSP Inc. (NASDAQ:CSPI), a provider of IT solutions and high-performance Ethernet products for diverse applications, today reported financial results for the second quarter of fiscal 2016 ended March 31, 2016 .
The Company also announced that its board of directors has voted to pay its quarterly dividend of $0.11 per share to shareholders of record May 27, 2016 payable June 10, 2016. Management Comments “We performed well financially in the second quarter as we continued to make good progress on executing our growth strategy,” said President and Chief Executive Officer Victor Dellovo. “Sales were up 44% in the second quarter, and we reported EPS of $0.13 versus a loss of $0.19 a year ago.” “In the High Performance Products Division, we launched our new next-generation FPGA network adapter product for the packet capture and financial services markets,” said Dellovo. “The product, branded “Class E,” is currently in production at multiple customer sites. We also secured our first...
May 3, 2016 CSP Inc. to Announce Second-Quarter Fiscal 2016 Financial Results on May 11
Company to Webcast Conference Call Live CSP Inc. (NASDAQ:CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its second-quarter 2016 financial results on Wednesday, May 11, 2016 . CSP President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call at 10:00 a.m. ET that morning to review the financial results and provide a business update.  To listen to a live webcast of the call, please visit the “Investor Relations” section of the Company’s website at http://www.cspi.com/.  Individuals also may listen to the call via telephone, by dialing (877) 876-9174 or (785) 424-1669. For interested parties unable to participate in the live call, an archived replay of the webcast will be available for approximately one year on CSP’s website. About CSP Inc. CSPi (NASDAQ:CSPI) maintains two distinct and dynamic divisions – High Performance Products and Technology...
March 31, 2016 CSPi Named One of 2016 Tech Elite Solution Providers by CRN®
Tech Elite 250 list recognizes IT solution providers with deep technical expertise and premier certifications CSPi announced today that CRN ®, a brand of The Channel Company , has named CSPi’s Technology Solutions division to its 2016 Tech Elite 250 list. This annual list honors an exclusive group of North American IT solution providers that have earned the highest number of advanced technical certifications from leading technology vendors.
To compile the annual list, The Channel Company’s research group and CRN editors work together to identify the most customer-beneficial technical certifications in the North American IT channel. Companies who have obtained these elite designations— which enable solution providers to deliver premium products, services and customer support—are then selected from a pool of online applicants. CSPi Technology Solutions provides consulting, managed services and technology integration solutions across a range of information technology specialties...
February 16, 2016 CSP Inc. Reports First-Quarter Fiscal 2016 Financial Results
CSP Inc. (NASDAQ:CSPI), a provider of IT solutions and high-performance Ethernet products for diverse applications, today reported financial results for the first quarter of fiscal 2016 ended December 31, 2015 .
The Company also announced that its board of directors has voted to pay its quarterly dividend of $0.11 per share to shareholders of record February 26, 2016 payable March 11, 2016. Management Comments “We performed well in the first quarter of fiscal 2016, as many of the significant changes that we have made operationally and strategically to the business are beginning to have a positive effect,” said President and Chief Executive Office Victor Dellovo. “For the first quarter, revenues increased 16% year over year and net income grew to $0.07 per diluted share from a net loss per share of $0.12 a year ago. “Our High Performance Products (HPP) division received royalty revenue for the equivalent of one and one half E-2D planes in Q1, and we expect to receive royalties...
February 11, 2016 CSP Inc. to Announce First-Quarter Fiscal 2016 Financial Results on February 16
Company to Webcast Conference Call Live CSP Inc. (NASDAQ:CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its first-quarter 2016 financial results on Tuesday, February 16, 2016 .
CSP President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call at 12:00 p.m. ET that afternoon to review the financial results and provide a business update.  To listen to a live webcast of the call, please visit the “Investor Relations” section of the Company’s website at http://www.cspi.com/.  Individuals also may listen to the call via telephone, by dialing (877) 876-9173 or (785) 424-1670. For interested parties unable to participate in the live call, an archived replay of the webcast will be available for approximately one year on CSP’s website. About CSP Inc. CSPi (NASDAQ:CSPI) maintains two distinct and dynamic divisions – High Performance...
January 4, 2016 CSP Inc. Appoints Ismail Azeri to Its Board of Directors
New Independent Director Brings Software and Cloud-Based Technology Expertise CSP Inc. (NASDAQ:CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, today announced the appointment of  Ismail “Izzy” Azeri as an independent director of the Company, effective immediately. With the addition of Mr. Azeri, the CSP Inc. board has expanded to five members, four of whom are independent. Mr. Azeri is a technology and software industry leader with substantial strategic planning, corporate development, sales and operational experience. As Senior Product Manager – Cloud at Google, Mr. Azeri is responsible for the pricing, packaging and discounting strategy across Google’s Cloud Platform business. In addition, Mr. Azeri is responsible for structuring and negotiating custom deals for large enterprise clients. “Izzy brings highly relevant software and cloud-based technology expertise, and more than 15 years of experience overseeing operations, strategic...

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