DexCom earnings beat by $0.03, revenue topped estimates
Joseph R. Nerges, a ten percent owner of CSP Inc . (NASDAQ:CSPI), recently made a series of stock purchases totaling $45,839, according to a recent SEC filing. These transactions, executed on June 13, involved the acquisition of 3,850 shares of common stock at prices ranging from $11.715 to $11.99 per share. The purchases come as the stock trades near $11.82, down about 33% over the past six months, according to InvestingPro data.
Following these purchases, Nerges’s direct ownership in CSP Inc. increased to 1,392,863 shares. The transactions reflect Nerges’s continued investment in the company, as he remains a significant stakeholder in the $119.5 million market cap company. InvestingPro analysis shows CSP maintains strong financial health with more cash than debt and a healthy current ratio of 3.34. Discover more insights about insider trading patterns and 10 additional ProTips with an InvestingPro subscription.
In other recent news, CSP Inc. reported a slight decline in its Q2 2025 revenue, coming in at $13.1 million compared to $13.7 million the previous year. The company also reported a net loss of $108,000 or $0.01 per diluted share. Despite these challenges, CSP Inc. announced its inclusion in the Russell 3000 Index, reflecting growth potential, particularly in its AZT PROTECT business line. The company’s AZT Protect product is gaining traction, with six new customers signed, highlighting strategic growth in the cybersecurity market. CSP Inc. repurchased $384,000 worth of common shares and declared a $0.03 quarterly dividend, maintaining over $29 million in cash and cash equivalents. The company is focusing on expanding its presence in the OT cybersecurity market and increasing its sales team, with a particular interest in the cell tower protection market. CEO Victor DiLobo emphasized the potential for AZT Protect growth and the company’s strategic focus on cybersecurity. The company’s recent developments also include partnerships with major distributors like Rexel (EPA:RXL) USA to enhance market reach.
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