CSP Inc. (NASDAQ: CSPI) shares were pretty much unchanged Friday, following Q4 results. CSP posted a Q4 loss of $0.18 per share, versus a year-ago profit of $0.27 per share. Its sales declined to $19.638 million from $28.358 million.
For the fourth quarter of fiscal 2018, revenue decreased to $19.6 million from $28.4 million a year ago. For the fiscal year ended September 30, 2018, revenues decreased to $72.9 million from $88.5 million in fiscal year 2017.
The Lowell, Mass.-based CSP is a provider of security and packet capture products, managed IT and professional services and technology solutions,
Said CEO Victor Dellovo said, "During fiscal 2018 we continued to execute on our strategy to transform CSPi from a company focused on defense-related multicomputers to one with significant growth opportunities in the cybersecurity and wireless managed services markets.
"We had a busy fourth quarter to end fiscal 2018. We closed on the sale of our Germany operations, continued to develop our next-generation cybersecurity solutions, including a new application for the ARIA™ SDS solution, and recently signed two new partnerships to expand our reach.
"Financially, our fourth-quarter top and bottom-line declines were primarily due to lower multicomputer sales and the delay in the launch of ARIA SDS."
The Company also announced that its board of directors has voted to pay a quarterly dividend of $0.15 per share to shareholders of record on January 7, 2019, payable on January 22, 2019.
Shares in CSPI were virtually unchanged at $9.15 Friday
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