Revenue Growth
Fiscal third quarter revenue was $15.4 million, an 18% increase over the previous year and sequentially from the prior quarter.
Technology Solutions Segment Success
The Technology Solutions segment is driving revenue growth with significant deal pipeline for the AZT PROTECT cybersecurity offering in niche markets such as the container shipping industry.
AZT PROTECT Momentum
AZT PROTECT continues to build momentum with deployments in industries like steel, concrete, and lumber through Gold Star Rockwell Automation resellers, and a significant opportunity with a global pharmaceutical company.
Expansion in South Africa
Initial orders received to protect energy management and security camera systems at cell towers in South Africa, indicating potential for expansion in industrial IoT markets.
Strong Cash Position
Finished the quarter with over $26 million in cash and cash equivalents, enabling continued investment in the AZT product line and shareholder dividends.
Russell 3000 Index Inclusion
CSPi was added to the Russell 3000 Index, enhancing visibility among institutional investors.