Increase in Total Revenue
The company generated an increase in total revenue, boosted by 17% in service revenue and expanded gross margins by 200 basis points.
Strong Cash Position
CSPi finished the quarter with more than $30 million in cash and cash equivalents.
Technology Solutions Business Success
The Technology Solutions business generated approximately $15.2 million in sales, including a major cruise line order.
AZT PROTECT Deployment and Partnerships
The company signed up several new customers for AZT PROTECT and announced a partnership with United Flow Technologies to protect water treatment facilities.
Positive Financial Performance
CSPi reported a net income of $472,000 or $0.05 per diluted common share for the fiscal first quarter.