CSP, Inc. (CSPI)
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-09-04
$8.09+0.12%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · CSPI
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -72.5% |
| Our one-year growth estimate | diamond | -5.0% |
Growth built into the price is above our model estimate.
The price assumes 67.5 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Model as of — · Company calendar date is not available
CSPI — Principal Accounting Officer transition
Dated 2026-06-09
Vice President of Finance and Chief Accounting Officer — Michael Newbanks: Mr. Newbanks left his position as Vice President of Finance and Chief Accounting Officer.
Why it matters: A drop in sector growth signals potential challenges for CSP, Inc. It could affect overall performance.
Worry ifSector revenue growth falls below 5% year over year.
Less concerning ifSector revenue growth remains above 10% year over year.
Why it matters: Revenue growth shows the company can handle supply chain problems and keep moving forward.
Supportive ifQ3 revenue exceeds $15.4 million, showing growth compared to last year.
Worry ifQ3 revenue is below $14.4 million. This shows ongoing challenges.
Why it matters: New growth plans could boost investor confidence and show strong management direction.
Supportive ifManagement announces a new product line or a plan to expand.
Worry ifNo new growth initiatives are announced in the next earnings call.
Why it matters: Steady revenue growth shows that backlog conversion efforts are working.
Supportive ifTechnology Solutions revenue grows year over year in Q3.
Worry ifTechnology Solutions revenue fell compared to last year in Q3.
Why it matters: A smaller net loss shows better financial health and performance.
Supportive ifNet loss narrows to less than $800,000 in Q3.
Worry ifNet loss widens beyond $900,000 in Q3.
Why it matters: Falling sales may show problems with demand or supply chain issues.
Worry ifQuarterly sales drop below $14 million, marking a decline year over year.
Less concerning ifQuarterly sales exceed $15 million, showing growth year over year.
Why it matters: Higher net income shows better profits. This backs up claims of growth.
Supportive ifNet income exceeds $264,000 in Q3.
Worry ifNet income falls below $264,000 in Q3.
Why it matters: A higher gross margin shows better cost control and chances for profit.
Supportive ifGross profit margin improves to above 31% in Q3.
Worry ifGross profit margin falls below 30%. This shows rising costs or pricing issues.
Why it matters: More growth announcements signal that CSP, Inc. is on track to meet its goals for the year.
Supportive ifCSP, Inc. announces new contracts or partnerships that boost revenue projections.
Worry ifNo new growth initiatives or contracts announced in the next quarter.
Why it matters: Turning backlog into work shows better efficiency. It also means more chances for growth.
Supportive ifBacklog converts to revenue exceeding $5 million in Q3.
Worry ifBacklog conversion to revenue falls below $3 million in Q3.
Why it matters: Changes in leadership can affect company plans and results. Stability is important for growth.
Watch forA new Principal Accounting Officer is hired. This person has the right experience.
Also watch forNo new appointments are made. This causes ongoing uncertainty in finance leadership.
Why it matters: Doing well with backlog shows strong operations. It also means chances for growth.
Supportive ifAt least 70% of the backlog converts to revenue in the next quarter.
Worry ifLess than 50% of backlog turns into revenue. This shows operational problems.
Why it matters: Strong service revenue growth would show demand for managed services is increasing.
Supportive ifService revenue growth exceeds 10% year over year in Q3.
Worry ifService revenue growth is below 5% year over year in Q3.
Why it matters: Growth compared to fiscal 2025 would show that CSPi is recovering and growing.
Supportive ifRevenue for fiscal 2026 exceeds $44.3 million, the total from the prior year.
Worry ifFiscal 2026 revenue falls below $44.3 million.
Why it matters: More AZT PROTECT deployments signal strong demand for CSPi's cybersecurity solutions. This could drive future revenue growth.
Supportive ifManagement says the number of new AZT PROTECT site customers has doubled since last year.
Worry ifNew AZT PROTECT deployments do not increase or decline from current levels.
Why it matters: Supply delays could hurt CSPi's ability to fill orders and turn backlog into sales.
Worry ifManagement says vendor hardware supply is improving. This helps fill orders faster.
Less concerning ifVendor hardware supply delays are getting worse or staying the same, affecting sales.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$173 on $10,000 · ±1.7% | How much price usually moves either way. |
| Bad day | $576 loss on $10,000 · 5.8% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $5,084 loss on $10,000 · 50.8% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.