CSP Inc. (CSPI) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, CSPI scores 53 out of 100, a letter grade of D+, with the verdict "Roarable Sell — Weak Fundamentals / Trim." The five pillars are:

• Fundamental Cash Engine (9 / 20): Per the RQD rating, ROIC is -12.4% and FCF yield is 2.55%. Weak returns on invested capital are the main drag here; the FCF yield provides some offset but is modest relative to the negative ROIC.
• Whale 13F Flow (9 / 20): Per the RQD rating, this pillar reflects institutional accumulation and options positioning. The score is below midpoint, indicating limited institutional conviction in the source data.
• Insider Conviction (8 / 20): Per the RQD rating, this pillar reflects SEC Form 4 and Congressional PTR cluster flow. It is the lowest-scoring pillar, suggesting insider activity does not currently provide a supportive signal.
• Macro Regime Fit (13 / 20): Per the RQD rating, beta is 1.0 and sector sensitivity is noted. This is a moderate pillar, implying the stock's market sensitivity is neutral in the rating's framework.
• Forensic Balance Sheet (14 / 20): Per the RQD rating, Altman Z is 3.66, Piotroski F is 7/9, and Debt/Equity is 0.5. This is the strongest pillar, reflecting a comparatively sound balance sheet relative to the other factors.

For a prospective investor, the upside case rests mainly on balance-sheet resilience and the cash flow yield, while the valuation and profitability picture is weak: negative ROIC and a below-midpoint score on institutional and insider signals. Translated into tradeoffs, the stock's modest market capitalization and recent price action offer a lower-risk balance sheet at the cost of poor capital efficiency and little visible sponsorship. This is an educational reading of the rating, not personalized advice.

CSP Inc. (CSPI) is a NASDAQ-listed issuer in the Technology sector, within the EDP Services industry, per the profile. Per the recent news wire, the company supplies network and IT services, including a reported arrangement to supply network and IT services for an arena's Wi-Fi network. Per the news wire, it also announces technology projects. Revenue model and customer breakdown beyond these references are —

Per the recent news wire (all items tagged to CSPI and marked as market wire):

• A report that AT&T will power Miami Heat arena Wi-Fi, with CSPi supplying network and IT services. This is the most concrete operational reference in the feed.
• Coverage of defense and national security technology insiders buying shares, which is noted by the feed but is not corroborated by the Form 4 data in <holders>.
• MarketBeat coverage of shares breaking above the fifty-day moving average.
• A marketscreener item on a CSPi technology project announcement.
• Stock Traders Daily technical commentary on price action.

Risk watch items: the news feed is largely price and sentiment commentary rather than fundamental disclosure, and the insider-buying headline is not supported by the holders data. Per the Butterfly Supply-Chain Graph, proprietary signals are none.

Per the Butterfly Supply-Chain Graph, supply chain status is NONE, with no butterfly links and no proprietary signals.

• What are the EPS, debt, and cash figures for FY 2023, and what drove the swing from $5.2M net income to losses in FY 2024 and FY 2025?
• What is the revenue breakdown by customer, contract type, or service line, and how much depends on single engagements such as the arena project?
• What are the forward earnings expectations, given that P/E, forward P/E, and EV/EBITDA are unavailable?
• Who are the institutional and insider holders, given that the holders data is empty and the rating's insider pillar scored low?
• What explains the cash decline from $30.7M to $24.9M, and what is the company's runway if operating losses persist?