CSP INC /MA/

Michael Newbanks, CSP Inc.'s Vice President of Finance and Chief Accounting Officer, departed from his position on June 5, 2026. His departure was not due to any disagreement with the company or its Board of Directors. Mr. Newbanks, who served as Chief Accounting Officer since July 2017, will provide consulting services to the company following his departure. Eric Sachs is assisting in the transfer of the role.

CSP INC reported a net income of $264 thousand for the three months ended March 31, 2026, a significant improvement from a net loss of $108 thousand in the prior year. Total sales for the quarter increased by 21.8% to $16.01 million. For the six months, net income slightly decreased to $355 thousand from $364 thousand, while total sales were $28.05 million, down 2.7%. The company also experienced a shift to net cash used in operating activities of $3.41 million for the six-month period.

CSP Inc. announced strong financial results for the second quarter of fiscal year 2026, reporting a 21.8% increase in revenue to $16.0 million and achieving profitability with net income of $0.03 per share, a significant improvement from a loss in the prior year. The growth was primarily driven by its U.S. Technology Solutions business and continued expansion of its AZT PROTECT cybersecurity solution deployments. The company's Board of Directors also declared a quarterly dividend of $0.03 per share.