CSP Inc. (CSPI) Files to Delay 10-K
Tweet
Share
E-mailGet Alerts CSPI Hot Sheet
Price: $7.56 +1.75%
Financial Fact:
Net income (loss) attributable to common shareholders: 1.2M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Net income (loss) attributable to common shareholders: 1.2M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Join SI Premium – FREE
In an SEC filing after the close Wednesday, CSP Inc. (Nasdaq: CSPI) has filed to delay its 10-K, saying the auditors haven't completed a review of the financial statements.
The company said it expects to "report a significant reduction in sales and cost of sales for the year ended September 30, 2011, due to the change in account policy for revenue recognition for certain third party maintenance contracts which are now being record on a 'net sales' basis. There was no change in the net income for the year."
The company said it expects to "report a significant reduction in sales and cost of sales for the year ended September 30, 2011, due to the change in account policy for revenue recognition for certain third party maintenance contracts which are now being record on a 'net sales' basis. There was no change in the net income for the year."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- enVVeno Medical (NVNO) files $100M mixed shelf
- Singularity Future Technology closes $5M registered direct offering
- reAlpha completes $8.5M InstaMortgage acquisition
Create E-mail Alert Related Categories
Corporate News, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
