CSP INC /MA/ company info

CIK 356037
IRS Number 042441294
State of incorporation MA
Business address 175 CABOT STREET
SUITE 210
LOWELL
MA
01854
Mail address 175 CABOT STREET
SUITE 210
LOWELL
MA
01854

Short summary

CSP INC /MA/ is a Massachusetts company, with head office located at 175 Cabot Street Lowell, Massachusetts 01854. The company achieved a record breaking net income last year - 14.44 million USD. This is 476.22% higher than one reported in 2017. In 2018 the company owned a total of 56.49 million USD worth of assets, including 48.29 million USD worth of current assets and 6.94 million USD worth of non-current assets. 2017 was the year when the company amassed the most assets. The company net sales last year amounted to 72.92 million USD. The company allocated 3.28 million USD of its income to research and development.

CSP INC /MA/ Income Statement

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Revenue, Net 90.1173.6584.8187.6284.6289.31103.3788.4972.92
Cost of Goods and Services Sold 72.9257.2864.3969.0463.8070.1278.3367.0754.52
Gross Profit 17.1916.3720.4218.5820.8219.1925.0421.4218.40
Selling, General and Administrative Expense 14.1013.7815.8516.0316.1216.1418.2615.6716.72
Research and development 1.951.791.721.863.482.832.982.363.28
Operating Expenses 16.0515.5617.5717.8819.6018.9621.2418.0320
Operating Income (Loss) 1.140.814.970.701.680.233.803.40-1.60
Interest expense 0.090.09
Other Nonoperating Income (Expense) 0.04-0.04-0.040.01-0.07-0.04-0.070.050.23
Income Tax Expense (Benefit) 0.240.35-1.740.320.120.231.001.160.88
Net income 0.910.376.610.371.33-0.212.602.5114.44

CSP INC /MA/ Balance Sheet

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Cash and cash equivalents 16.7117.4818.0420.2516.4510.4511.5910.4710.4216.79
Inventories 5.596.385.196.876.655.629.149.229.87
Deferred income taxes 0.130.101.281.141.181.381.471.39
Property, Plant and Equipment, Gross 7.207.678.458.408.688.977.597.90
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 6.376.687.036.937.127.296.677.05
Intangible Assets, Net (Excluding Goodwill) 0.600.510.430.580.450.320.200.080.04
Other Assets, Noncurrent 0.250.220.170.230.280.120.190.070.12
Total assets 41.4347.3749.2749.7445.9848.4058.1158.9656.49
Current assets 35.9041.9942.2243.0539.0441.4251.1552.9748.29
Non-current assets 4.664.475.705.245.585.405.425.126.94
Accounts payable 8.979.466.946.7510.564.368.124.47
Total current liabilities 13.2719.1016.4317.3616.8318.1426.5333.7917.15
Deferred income taxes 00.10
Total liabilities 22.5828.3526.6626.1126.4727.5040.1640.8923.92
Common Stock, Value, Issued 0.040.030.030.040.040.040.040.040.04
Retained Earnings (Accumulated Deficit) 12.9814.2218.0917.9915.4416.4816.4214.3028.20
Accumulated Other Comprehensive Income (Loss), Net of Tax -5.20-6.12-6.61-5.80-8.01-8.24-11.95-10.58-11.04

CSP INC /MA/ Cash Flow

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Net income 0.910.376.610.371.33-0.212.602.5114.44
Depreciation and amortization 0.480.460.520.630.650.700.490.63
Amortization of Intangible Assets 0.110.110.080.080.120.130.130.120.12
Depreciation and amortization 0.400.370.380.440.510.520.570.370.51
Deferred Income Tax Expense (Benefit) -0.360.18-2.930.570.210.050.42-0.030.06
Inventories -0.060.94-0.50-1.441.04-0.080.470.572.56
Deferred revenue 1.11-0.100.82-0.010.51-0.811.77-0.030.26
Net Cash Provided by (Used in) Operating Activities -1.931.546.310.231.12-2.345.002.663.02
Payments to Acquire Property, Plant, and Equipment 0.480.340.550.860.590.720.740.210.44
Payments to Acquire Businesses, Net of Cash Acquired 00.500
Net Cash Provided by (Used in) Investing Activities -0.61-0.48-0.69-1.04-1.25-0.92-0.90-0.5113.65
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -0.3613.80
Payments for Repurchase of Common Stock 0.380.650.100
Payments of Ordinary Dividends, Common Stock 0.751.381.551.621.671.721.92
Net Cash Provided by (Used in) Financing Activities -0.27-0.60-0.85-1.27-1.38-1.40-1.41-1.51-1.74
Cash and Cash Equivalents, Period Increase (Decrease) -3.370.344.62-1.87-2.17-5.271.920.7814.69