CSPI · CIK 356037
What CSP Inc. told the SEC could break it.
2 self-disclosed vulnerabilities, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far — we surface every cited disclosure we’ve extracted for CSPI. More may follow as additional filings are processed.
In its own words
What could break it.
Customer concentration
- both HPP and TS segments reliant on a small number of significant customersmedium
Although no single customer was 10%+ of revenue in FY2025, both of CSP's segments depend on a small number of significant customers, and losing or materially reducing sales to any one could adversely affect the business.
“Both the HPP and TS segments are reliant upon a small number of significant customers, and the loss of or significant reduction in sales to any one of which could have a material adverse effect on our business.”
SEC filing →As of 2025
Regulatory & policy
- new U.S. tariffs on imports from China/India/Japan/Korea/Taiwan/Vietnam/EUmedium
New 2025 U.S. tariffs on imports from China, India, Japan, South Korea, Taiwan, Vietnam and the EU (plus reciprocal foreign tariffs and a Section 232 investigation) could raise CSP's product costs and disrupt its IT hardware supply.
“Beginning in the second quarter of 2025, new U.S. Tariffs were announced, including additional tariffs on imports from China, India, Japan, South Korea, Taiwan, Vietnam and the EU, among others.”
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings — including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its suppliers
“Using third-party products from companies like Palo Alto, Aruba Networks, Juniper Networks, Forti”
Cited →Aruba Networks (HPE)
“Using third-party products from companies like Palo Alto, Aruba Networks, Juniper Networks, Forti”
Cited →“Using third-party products from companies like Palo Alto, Aruba Networks, Juniper Networks, Forti”
Cited →
In the MyPRIA app, this is checked against the companies you actually own.
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