See more : Hang Tai Yue Group Holdings Limited (8081.HK) Income Statement Analysis – Financial Results
Complete financial analysis of Converge Technology Solutions Corp. (CTSDF) 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. (CTSDF)
About Converge Technology Solutions Corp.
Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions for corporate and government institutions in the United States and Canada. Its solutions approach delivers advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The company engages in the networking, virtualization, storage, disaster recovery, and continuous replication of critical applications, infrastructure, data, and systems that assist clients in the deployment of data centres; assessment, design, architecture, and optimization of public and private cloud options; and provision of email, voice, and video communication technologies, as well as enterprise networking, security, and infrastructure products. It also offers desktop, laptops, computing peripherals, and other computing needs; mobile location-based technologies; and software solutions built using blockchain technology and solution architecture in the areas of privacy, access, and identity management. In addition, the company provides managed and hosted, cyber security, cloud computing and analytics, systems architecture, professional, staffing, and lifecycle and desktop recovery services. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Gatineau, 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 | 2.00B | 1.61B | 1.18B | 715.79M | 526.21M | 369.22M | 42.14M | 0.00 |
| Gross Profit | 702.88M | 550.77M | 345.70M | 233.01M | 161.59M | 89.97M | 10.65M | 0.00 |
| Gross Profit Ratio | 25.98% | 25.44% | 22.63% | 24.56% | 23.49% | 19.59% | 20.18% | 0.00% |
| Research & Development | 0.00 | 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 | 158.07M | 75.11M | 36.47M | 21.47M | 13.06M | -7.22M | -1.58M | 0.00 |
| Operating Expenses | 702.88M | 496.81M | 295.62M | 203.29M | 150.01M | 80.76M | 11.64M | 3.26M |
| Cost & Expenses | 2.55B | 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 | 100.08M | 80.06M | 39.59M | 26.58M | 17.89M | 6.96M | 783.00K | 3.26M |
| EBITDA | 146.70M | 118.71M | 71.36M | 51.46M | 35.76M | 15.78M | -1.79M | 0.00 |
| EBITDA Ratio | 5.42% | 6.98% | 5.74% | 5.42% | 5.20% | 1.95% | -3.39% | 0.00% |
| Operating Income | 155.63M | 70.99M | 48.11M | 24.41M | 17.87M | 1.99M | -2.57M | -3.26M |
| Operating Income Ratio | 5.75% | 3.28% | 3.15% | 2.57% | 2.60% | 0.43% | -4.87% | 0.00% |
| Total Other Income/Expenses | -174.19M | -37.63M | -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 | -548.00K | 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 | 144.80M | 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 |
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Source: https://incomestatements.info
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