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Complete financial analysis of Converge Technology Solutions Corp. (CTS.TO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Converge Technology Solutions Corp., a leading company in the Information Technology Services industry within the Technology sector.
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Converge Technology Solutions Corp. (CTS.TO)
About Converge Technology Solutions Corp.
Converge Technology Solutions Corp., through its subsidiaries, distributes storage devices and systems, computer products, software, and peripherals. The company also provides installation and maintenance; analytics, hybrid cloud, infrastructure, and cybersecurity services; cloud delivery, compute efficiency, network optimization, and IT spend optimization solutions; and IT professional services, such as data center infrastructure integration and solutioning, and cloud optimization. In addition, it offers business continuity, managed, cognitive, and cybersecurity solutions; IT portfolio management, and consulting services; and multi-site IT deployments, and ISV/OEM solutions. Further, the company provides hardware for education and public sectors. It serves corporate and government institutions. The company has operations in the United States and Canada. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Toronto, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.71B | 2.16B | 1.53B | 948.80M | 687.80M | 459.19M | 52.79M | 0.00 |
| Cost of Revenue | 2.11B | 1.61B | 1.18B | 715.79M | 526.21M | 369.22M | 42.14M | 0.00 |
| Gross Profit | 591.43M | 550.77M | 345.70M | 233.01M | 161.59M | 89.97M | 10.65M | 0.00 |
| Gross Profit Ratio | 21.86% | 25.44% | 22.63% | 24.56% | 23.49% | 19.59% | 20.18% | 0.00% |
| Research & Development | 2.44M | 845.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 544.81M | 421.94M | 259.49M | 181.41M | 134.87M | 74.45M | 10.45M | 0.00 |
| Selling & Marketing | 0.00 | -245.00K | -339.00K | 416.00K | 2.08M | 1.20M | 411.00K | 0.00 |
| SG&A | 544.81M | 421.69M | 259.15M | 181.83M | 136.95M | 75.66M | 10.45M | 3.26M |
| Other Expenses | 0.00 | 75.11M | 36.47M | 21.47M | 13.06M | -7.22M | -1.58M | 0.00 |
| Operating Expenses | 547.25M | 496.81M | 295.62M | 203.29M | 150.01M | 80.76M | 11.64M | 3.26M |
| Cost & Expenses | 2.66B | 2.11B | 1.48B | 919.08M | 676.22M | 449.98M | 53.78M | 3.26M |
| Interest Income | 0.00 | 17.49M | 6.90M | 15.96M | 15.98M | 0.00 | 0.00 | 0.00 |
| Interest Expense | 41.23M | 19.86M | 7.80M | 19.67M | 16.03M | 7.55M | 0.00 | 0.00 |
| Depreciation & Amortization | 119.98M | 80.06M | 39.59M | 26.58M | 17.89M | 6.96M | 783.00K | 3.26M |
| EBITDA | 142.64M | 118.71M | 71.36M | 43.75M | 21.16M | 15.78M | -1.79M | 0.00 |
| EBITDA Ratio | 5.27% | 6.98% | 5.74% | 5.42% | 5.20% | 1.95% | -3.39% | 0.00% |
| Operating Income | 46.62M | 70.99M | 48.11M | 24.41M | 17.87M | 1.99M | -2.57M | -3.26M |
| Operating Income Ratio | 1.72% | 3.28% | 3.15% | 2.57% | 2.60% | 0.43% | -4.87% | 0.00% |
| Total Other Income/Expenses | -65.18M | -111.90M | -28.13M | -36.34M | -27.39M | -24.80M | -3.04M | 0.00 |
| Income Before Tax | -18.57M | 18.79M | 23.97M | -2.50M | -12.76M | -15.59M | -4.03M | -3.26M |
| Income Before Tax Ratio | -0.69% | 0.87% | 1.57% | -0.26% | -1.85% | -3.39% | -7.63% | 0.00% |
| Income Tax Expense | -12.17M | -4.06M | 7.61M | 1.67M | -1.92M | 2.65M | 2.49M | 0.00 |
| Net Income | -1.45M | 27.28M | 16.37M | -4.18M | -10.84M | -18.24M | -3.92M | -3.26M |
| Net Income Ratio | -0.05% | 1.26% | 1.07% | -0.44% | -1.58% | -3.97% | -7.42% | 0.00% |
| EPS | -0.01 | 0.13 | 0.09 | -0.04 | -0.14 | -0.28 | -2.95 | 0.00 |
| EPS Diluted | -0.01 | 0.13 | 0.08 | -0.04 | -0.14 | -0.28 | -2.95 | 0.00 |
| Weighted Avg Shares Out | 206.67M | 213.10M | 185.81M | 102.95M | 77.41M | 64.34M | 1.33M | 0.00 |
| Weighted Avg Shares Out (Dil) | 206.67M | 215.81M | 187.94M | 102.95M | 77.41M | 64.34M | 1.33M | 0.00 |
Source: https://incomestatements.info
Category: Stock Reports