CSP Inc. Reports Q4 EPS of $.01

CSP Inc. CSPI today reported financial results for the fourth quarter and full fiscal year ended September 30, 2010. For the fourth quarter of fiscal 2010, total sales increased 32% to $23.9 million from $18.1 million in the fourth quarter of fiscal 2009. Gross profit for the fourth quarter increased 32% to $4.5 million as a result of higher sales volumes. Overall gross profit margin was flat compared with the year-ago period at 18%. The net profit for the fourth quarter of fiscal 2010 was $46,000, or $0.01 per share, compared with a net loss of $3.6 million, or $1.02 per share, in the fourth quarter of fiscal 2009. The net loss for the fourth quarter of fiscal 2009 included a $3.9 million non-cash goodwill impairment charge.