Converge Technology Solutions Key Executives
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Converge Technology Solutions Earnings
This section highlights Converge Technology Solutions's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q3 | 2024 | 2024-11-12 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-08 | $0.10 | $-0.82 |
| Read Transcript | Q1 | 2024 | 2024-05-10 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-03-06 | $0.10 | $0.03 |
| Read Transcript | Q3 | 2023 | 2023-11-14 | $0.08 | $-0.01 |
| Read Transcript | Q2 | 2023 | 2023-08-09 | $0.09 | $-0.02 |
| Read Transcript | Q1 | 2023 | 2023-05-10 | N/A | N/A |
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.
$4.19
Stock Price
$790.26M
Market Cap
-
Employees
Gatineau, QC
Location
Financial Statements
Access annual & quarterly financial statements for Converge Technology Solutions, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $2.59B | $2.71B | $2.16B | $1.53B | $948.80M |
| Cost of Revenue | $1.90B | $2.11B | $1.61B | $1.18B | $715.79M |
| Gross Profit | $691.44M | $591.43M | $550.77M | $345.70M | $233.01M |
| Gross Profit Ratio | 26.68% | 21.86% | 25.44% | 22.63% | 24.56% |
| Research and Development Expenses | $- | $2.44M | $845.00K | $- | $- |
| General and Administrative Expenses | $537.81M | $544.81M | $421.94M | $259.49M | $181.41M |
| Selling and Marketing Expenses | $2.96M | $1.73M | $-245.00K | $-339.00K | $416.00K |
| Selling General and Administrative Expenses | $540.78M | $544.81M | $421.69M | $259.15M | $181.82M |
| Other Expenses | $150.67M | $- | $75.11M | $36.47M | $21.47M |
| Operating Expenses | $691.44M | $547.25M | $496.81M | $295.62M | $203.29M |
| Cost and Expenses | $2.59B | $2.66B | $2.11B | $1.48B | $919.08M |
| Interest Income | $- | $- | $17.49M | $6.90M | $15.96M |
| Interest Expense | $30.98M | $41.23M | $19.86M | $7.80M | $19.67M |
| Depreciation and Amortization | $100.46M | $119.98M | $80.06M | $39.59M | $26.57M |
| EBITDA | $-69.08M | $142.64M | $118.71M | $71.36M | $43.75M |
| EBITDA Ratio | -2.67% | 5.27% | 5.48% | 4.67% | 4.61% |
| Operating Income | $- | $46.62M | $70.99M | $48.11M | $24.41M |
| Operating Income Ratio | 0.00% | 1.72% | 3.28% | 3.15% | 2.57% |
| Total Other Income Expenses Net | $-200.52M | $-65.18M | $-111.90M | $-28.13M | $-36.34M |
| Income Before Tax | $-200.52M | $-18.57M | $18.79M | $23.97M | $-2.50M |
| Income Before Tax Ratio | -7.74% | -0.69% | 0.87% | 1.57% | -0.26% |
| Income Tax Expense | $-19.53M | $-12.17M | $-4.06M | $7.61M | $1.67M |
| Net Income | $-177.71M | $-1.45M | $27.28M | $16.37M | $-4.17M |
| Net Income Ratio | -6.86% | -0.05% | 1.26% | 1.07% | -0.44% |
| EPS | $-0.90 | $-0.01 | $0.13 | $0.09 | $-0.04 |
| EPS Diluted | $-0.90 | $-0.01 | $0.13 | $0.08 | $-0.04 |
| Weighted Average Shares Outstanding | 197.71M | 206.67M | 213.10M | 185.81M | 102.95M |
| Weighted Average Shares Outstanding Diluted | 197.71M | 206.67M | 215.81M | 187.94M | 102.95M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $680.78M | $630.69M | $651.85M | $628.77M | $651.09M | $710.11M | $665.81M | $678.20M | $414.75M | $603.21M | $596.66M | $550.04M | $504.98M | $367.35M | $345.31M | $310.20M | $289.56M | $189.88M | $227.84M | $241.53M |
| Cost of Revenue | $502.15M | $472.43M | $497.77M | $477.71M | $498.77M | $536.02M | $490.14M | $506.61M | $245.83M | $463.55M | $463.50M | $440.99M | $389.09M | $283.58M | $267.06M | $242.41M | $218.63M | $137.48M | $172.99M | $186.69M |
| Gross Profit | $178.63M | $158.26M | $154.08M | $151.06M | $152.32M | $174.09M | $175.67M | $171.59M | $168.92M | $139.65M | $133.15M | $109.05M | $115.89M | $83.77M | $78.24M | $67.80M | $70.93M | $52.40M | $54.85M | $54.84M |
| Gross Profit Ratio | 26.24% | 25.09% | 23.64% | 24.02% | 23.39% | 24.52% | 26.38% | 25.30% | 40.73% | 23.15% | 22.32% | 19.83% | 22.95% | 22.80% | 22.66% | 21.86% | 24.50% | 27.59% | 24.07% | 22.70% |
| Research and Development Expenses | $- | $- | $- | $- | $2.44M | $- | $- | $- | $845.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $132.26M | $131.80M | $137.08M | $136.66M | $138.41M | $135.71M | $116.38M | $133.35M | $130.05M | $112.42M | $97.67M | $81.79M | $84.52M | $67.38M | $57.76M | $49.84M | $49.35M | $40.67M | $45.70M | $46.74M |
| Selling and Marketing Expenses | $2.96M | $- | $- | $- | $- | $- | $21.44M | $- | $-245.00K | $- | $- | $- | $-339.00K | $- | $- | $- | $416.00K | $- | $- | $- |
| Selling General and Administrative Expenses | $135.22M | $131.80M | $137.08M | $136.66M | $138.41M | $135.71M | $137.82M | $133.35M | $129.81M | $112.42M | $97.67M | $81.79M | $84.18M | $67.38M | $57.76M | $49.84M | $49.77M | $40.67M | $45.70M | $46.74M |
| Other Expenses | $43.40M | $26.45M | $- | $-2.19M | $9.29M | $-323.00K | $212.00K | $25.89M | $20.36M | $23.09M | $17.18M | $14.48M | $-6.11M | $8.49M | $-1.91M | $-1.09M | $-1.72M | $-506.00K | $-999.00K | $1.62M |
| Operating Expenses | $178.63M | $158.26M | $137.08M | $136.66M | $138.41M | $165.16M | $164.71M | $159.24M | $150.17M | $135.51M | $114.85M | $96.27M | $96.10M | $77.54M | $65.65M | $56.33M | $55.03M | $45.85M | $51.33M | $52.14M |
| Cost and Expenses | $680.78M | $630.69M | $634.85M | $614.37M | $637.18M | $701.18M | $654.85M | $665.85M | $396.00M | $599.07M | $578.35M | $537.27M | $485.19M | $361.12M | $332.72M | $298.73M | $273.66M | $183.33M | $224.32M | $238.83M |
| Interest Income | $- | $- | $- | $- | $- | $- | $10.65M | $9.35M | $6.69M | $5.89M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $8.10M | $7.13M | $7.33M | $8.43M | $10.36M | $10.87M | $10.65M | $9.35M | $9.06M | $5.89M | $3.09M | $1.82M | $2.13M | $1.53M | $1.73M | $2.42M | $3.72M | $5.14M | $5.32M | $5.50M |
| Depreciation and Amortization | $23.58M | $22.86M | $26.97M | $27.04M | $31.64M | $31.56M | $29.23M | $27.55M | $21.99M | $24.10M | $18.74M | $15.34M | $12.60M | $10.32M | $9.07M | $7.24M | $6.77M | $6.48M | $7.02M | $6.78M |
| EBITDA | $10.47M | $23.27M | $-138.32M | $41.44M | $45.55M | $40.48M | $40.20M | $40.37M | $22.04M | $28.35M | $37.20M | $28.28M | $25.29M | $16.44M | $14.52M | $18.91M | $17.25M | $14.75M | $6.76M | $10.69M |
| EBITDA Ratio | 1.54% | 3.69% | -21.22% | 6.59% | 7.00% | 5.70% | 6.04% | 5.95% | 5.31% | 4.70% | 6.24% | 5.14% | 5.01% | 4.47% | 4.20% | 6.09% | 5.96% | 7.77% | 2.97% | 4.43% |
| Operating Income | $- | $- | $16.99M | $14.39M | $13.91M | $8.60M | $11.18M | $9.04M | $16.14M | $27.77M | $21.30M | $5.79M | $13.51M | $14.26M | $10.09M | $10.25M | $10.48M | $6.04M | $2.52M | $4.31M |
| Operating Income Ratio | 0.00% | 0.00% | 2.61% | 2.29% | 2.14% | 1.21% | 1.68% | 1.33% | 3.89% | 4.60% | 3.57% | 1.05% | 2.67% | 3.88% | 2.92% | 3.30% | 3.62% | 3.18% | 1.11% | 1.79% |
| Total Other Income Expenses Net | $-21.21M | $-6.72M | $-189.61M | $-14.37M | $-18.37M | $-4.37M | $-6.76M | $-16.10M | $-29.77M | $-12.05M | $-5.39M | $-13.94M | $-2.94M | $-1.74M | $-8.99M | $-6.56M | $-6.58M | $-7.51M | $-10.62M | $-5.82M |
| Income Before Tax | $-21.21M | $-6.72M | $-172.62M | $28.00K | $-4.45M | $-4.37M | $-6.45M | $-3.29M | $-9.02M | $15.73M | $13.08M | $-1.00M | $10.57M | $4.58M | $3.72M | $5.10M | $3.90M | $764.00K | $-5.57M | $-1.59M |
| Income Before Tax Ratio | -3.11% | -1.07% | -26.48% | 0.00% | -0.68% | -0.62% | -0.97% | -0.48% | -2.17% | 2.61% | 2.19% | -0.18% | 2.09% | 1.25% | 1.08% | 1.64% | 1.35% | 0.40% | -2.44% | -0.66% |
| Income Tax Expense | $-12.03M | $-3.41M | $-7.66M | $3.57M | $-9.23M | $-1.06M | $-1.96M | $75.00K | $-4.36M | $-2.50M | $1.40M | $1.41M | $3.49M | $-11.00K | $2.70M | $1.44M | $2.94M | $70.00K | $-1.17M | $-173.00K |
| Net Income | $-9.17M | $-3.31M | $-163.32M | $-1.91M | $5.86M | $-1.80M | $-3.55M | $-3.36M | $-4.66M | $20.59M | $12.02M | $-2.41M | $6.66M | $4.60M | $1.02M | $3.67M | $950.00K | $694.00K | $-4.40M | $-1.42M |
| Net Income Ratio | -1.35% | -0.52% | -25.05% | -0.30% | 0.90% | -0.25% | -0.53% | -0.50% | -1.12% | 3.41% | 2.01% | -0.44% | 1.32% | 1.25% | 0.30% | 1.18% | 0.33% | 0.37% | -1.93% | -0.59% |
| EPS | $-0.05 | $-0.02 | $-0.82 | $-0.01 | $0.03 | $-0.01 | $-0.02 | $-0.02 | $-0.02 | $0.10 | $0.06 | $-0.01 | $0.03 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $-0.05 | $-0.02 |
| EPS Diluted | $-0.05 | $-0.02 | $-0.82 | $-0.01 | $0.03 | $-0.01 | $-0.02 | $-0.02 | $-0.02 | $0.10 | $0.06 | $-0.01 | $0.03 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $-0.05 | $-0.02 |
| Weighted Average Shares Outstanding | 188.61M | 195.11M | 199.62M | 203.68M | 203.95M | 205.08M | 204.92M | 208.97M | 208.98M | 210.72M | 215.29M | 214.80M | 214.80M | 197.03M | 171.41M | 159.79M | 159.79M | 100.71M | 88.02M | 87.41M |
| Weighted Average Shares Outstanding Diluted | 188.61M | 195.11M | 199.62M | 203.68M | 203.95M | 205.08M | 208.33M | 211.37M | 212.92M | 214.47M | 218.60M | 217.33M | 217.33M | 200.17M | 174.49M | 164.29M | 164.29M | 107.08M | 91.84M | 87.41M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $142.46M | $169.87M | $159.89M | $248.19M | $64.77M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $142.46M | $169.87M | $159.89M | $248.19M | $64.77M |
| Net Receivables | $1.00B | $814.23M | $781.68M | $416.50M | $364.31M |
| Inventory | $62.94M | $73.17M | $158.43M | $104.25M | $37.87M |
| Other Current Assets | $31.01M | $27.62M | $28.28M | $11.76M | $10.38M |
| Total Current Assets | $1.24B | $1.08B | $1.13B | $780.71M | $477.32M |
| Property Plant Equipment Net | $69.70M | $75.49M | $88.35M | $30.64M | $23.56M |
| Goodwill | $404.71M | $564.77M | $563.85M | $323.28M | $110.07M |
| Intangible Assets | $265.88M | $375.18M | $463.75M | $233.59M | $108.92M |
| Goodwill and Intangible Assets | $670.59M | $939.95M | $1.03B | $556.87M | $218.99M |
| Long Term Investments | $4.79M | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $204.21M | $53.58M | $4.65M | $617.00K | $749.00K |
| Total Non-Current Assets | $949.29M | $1.07B | $1.12B | $588.13M | $243.30M |
| Other Assets | $- | $- | $- | $- | $1.00K |
| Total Assets | $2.19B | $2.15B | $2.25B | $1.37B | $720.62M |
| Account Payables | $1.20B | $913.99M | $824.92M | $519.43M | $398.00M |
| Short Term Debt | $639.00K | $456.00K | $437.53M | $816.00K | $140.85M |
| Tax Payables | $- | $9.29M | $7.11M | $13.98M | $764.00K |
| Deferred Revenue | $81.11M | $59.33M | $60.21M | $27.58M | $17.38M |
| Other Current Liabilities | $39.88M | $54.06M | $108.13M | $29.41M | $14.55M |
| Total Current Liabilities | $1.32B | $1.04B | $1.44B | $591.22M | $571.55M |
| Long Term Debt | $255.46M | $414.69M | $37.84M | $412.00K | $13.92M |
| Deferred Revenue Non-Current | $- | $- | $-39.49M | $- | $- |
| Deferred Tax Liabilities Non-Current | $28.80M | $67.17M | $102.98M | $43.09M | $12.58M |
| Other Non-Current Liabilities | $218.69M | $20.98M | $39.34M | $85.30M | $20.82M |
| Total Non-Current Liabilities | $502.96M | $502.84M | $180.16M | $128.79M | $47.32M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $1.83B | $1.54B | $1.62B | $720.01M | $618.87M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $555.52M | $599.43M | $595.02M | $633.49M | $135.35M |
| Retained Earnings | $-241.92M | $-28.17M | $-18.44M | $-25.05M | $-39.28M |
| Accumulated Other Comprehensive Income Loss | $28.60M | $3.96M | $13.71M | $329.00K | $817.00K |
| Other Total Stockholders Equity | $16.53M | $10.97M | $7.92M | $2.33M | $1 |
| Total Stockholders Equity | $358.74M | $586.20M | $599.91M | $613.49M | $101.75M |
| Total Equity | $358.74M | $612.15M | $630.81M | $648.83M | $101.75M |
| Total Liabilities and Stockholders Equity | $2.19B | $2.15B | $2.25B | $1.37B | $720.62M |
| Minority Interest | $- | $25.95M | $30.90M | $35.34M | $- |
| Total Liabilities and Total Equity | $2.19B | $2.15B | $2.25B | $1.37B | $720.62M |
| Total Investments | $4.79M | $-547.00K | $- | $- | $- |
| Total Debt | $256.10M | $433.29M | $421.73M | $1.23M | $139.16M |
| Net Debt | $113.65M | $262.87M | $261.84M | $-246.97M | $74.40M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $142.46M | $180.46M | $174.09M | $158.62M | $170.42M | $105.22M | $78.44M | $139.03M | $159.89M | $172.23M | $184.18M | $216.66M | $248.19M | $210.34M | $124.92M | $68.43M | $64.77M | $59.05M | $36.37M | $26.75M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $142.46M | $180.46M | $174.09M | $158.62M | $170.42M | $105.22M | $78.44M | $139.03M | $159.89M | $172.23M | $184.18M | $216.66M | $248.19M | $210.34M | $124.92M | $68.43M | $64.77M | $59.05M | $36.37M | $26.75M |
| Net Receivables | $1.00B | $775.03M | $882.38M | $820.58M | $814.23M | $803.67M | $781.33M | $784.10M | $781.68M | $637.76M | $597.47M | $468.51M | $416.50M | $358.55M | $351.66M | $345.24M | $364.31M | $186.35M | $206.15M | $251.59M |
| Inventory | $62.94M | $71.75M | $82.66M | $86.05M | $73.17M | $165.79M | $160.41M | $157.61M | $158.43M | $163.78M | $119.26M | $120.19M | $104.25M | $79.55M | $62.10M | $51.71M | $37.87M | $25.20M | $28.05M | $45.39M |
| Other Current Assets | $31.01M | $34.11M | $33.53M | $27.17M | $26.53M | $25.33M | $25.95M | $30.24M | $28.28M | $25.85M | $22.23M | $76.86M | $11.76M | $26.93M | $9.76M | $60.07M | $10.38M | $20.09M | $19.09M | $21.63M |
| Total Current Assets | $1.24B | $1.06B | $1.17B | $1.09B | $1.08B | $1.10B | $1.05B | $1.11B | $1.13B | $999.62M | $923.14M | $882.23M | $780.71M | $675.38M | $548.44M | $525.45M | $477.32M | $290.70M | $289.67M | $345.36M |
| Property Plant Equipment Net | $69.70M | $66.62M | $68.88M | $76.84M | $75.49M | $73.59M | $73.66M | $79.90M | $88.35M | $64.71M | $49.10M | $40.10M | $30.64M | $28.80M | $27.11M | $25.51M | $23.56M | $22.01M | $25.19M | $27.49M |
| Goodwill | $404.71M | $385.02M | $387.57M | $572.73M | $564.77M | $568.19M | $561.28M | $567.00M | $563.85M | $502.57M | $421.79M | $340.78M | $323.28M | $325.99M | $187.00M | $121.45M | $110.07M | $89.86M | $91.50M | $97.38M |
| Intangible Assets | $265.88M | $272.65M | $290.55M | $361.51M | $375.18M | $400.54M | $419.40M | $446.96M | $463.75M | $454.12M | $355.97M | $277.44M | $233.59M | $238.62M | $147.90M | $113.07M | $108.92M | $89.69M | $94.79M | $101.03M |
| Goodwill and Intangible Assets | $670.59M | $657.67M | $678.12M | $934.24M | $939.95M | $968.72M | $980.69M | $1.01B | $1.03B | $956.69M | $777.75M | $618.22M | $556.87M | $564.61M | $334.90M | $234.51M | $218.99M | $179.55M | $186.29M | $198.42M |
| Long Term Investments | $4.79M | $27.91M | $29.88M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $204.21M | $202.29M | $115.35M | $51.23M | $53.58M | $17.46M | $17.94M | $12.06M | $4.65M | $663.00K | $609.00K | $674.00K | $617.00K | $1.27M | $1.97M | $2.02M | $749.00K | $796.00K | $1.81M | $1.94M |
| Total Non-Current Assets | $949.29M | $954.49M | $892.23M | $1.06B | $1.07B | $1.06B | $1.07B | $1.11B | $1.12B | $1.02B | $827.46M | $658.99M | $588.13M | $594.68M | $363.98M | $262.05M | $243.30M | $202.36M | $213.28M | $227.85M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.00K | $- | $- | $- |
| Total Assets | $2.19B | $2.02B | $2.06B | $2.15B | $2.15B | $2.16B | $2.12B | $2.22B | $2.25B | $2.02B | $1.75B | $1.54B | $1.37B | $1.27B | $912.41M | $787.49M | $720.62M | $493.05M | $502.95M | $573.21M |
| Account Payables | $1.20B | $976.30M | $1.05B | $998.30M | $913.99M | $887.28M | $814.86M | $828.00M | $824.92M | $686.63M | $647.49M | $528.33M | $519.43M | $446.56M | $377.13M | $370.03M | $398.00M | $254.19M | $265.13M | $314.96M |
| Short Term Debt | $639.00K | $25.75M | $28.36M | $16.30M | $35.52M | $16.05M | $13.56M | $474.66M | $437.53M | $383.18M | $199.95M | $162.78M | $816.00K | $849.00K | $50.51M | $141.32M | $140.85M | $106.81M | $153.28M | $154.31M |
| Tax Payables | $- | $- | $- | $16.28M | $9.29M | $10.97M | $7.82M | $5.40M | $7.11M | $14.15M | $7.30M | $16.79M | $13.98M | $5.77M | $2.45M | $1.46M | $764.00K | $- | $553.00K | $409.00K |
| Deferred Revenue | $81.11M | $61.87M | $66.62M | $61.06M | $59.33M | $48.63M | $47.48M | $60.48M | $60.21M | $69.37M | $52.39M | $36.62M | $27.58M | $34.62M | $34.66M | $20.89M | $17.38M | $15.08M | $14.23M | $15.46M |
| Other Current Liabilities | $39.88M | $43.80M | $16.85M | $81.27M | $3.31M | $47.83M | $36.75M | $37.86M | $108.13M | $20.09M | $16.55M | $26.92M | $29.41M | $35.81M | $26.44M | $19.95M | $14.55M | $14.10M | $17.53M | $25.81M |
| Total Current Liabilities | $1.32B | $1.11B | $1.17B | $1.17B | $1.04B | $1.01B | $933.63M | $1.42B | $1.44B | $1.18B | $931.36M | $771.44M | $591.22M | $523.60M | $491.19M | $553.64M | $571.55M | $396.48M | $457.63M | $517.91M |
| Long Term Debt | $255.46M | $282.59M | $351.81M | $272.52M | $414.69M | $445.16M | $464.47M | $36.09M | $37.84M | $22.43M | $16.73M | $242.00K | $412.00K | $579.00K | $723.00K | $9.95M | $5.88M | $24.83M | $25.39M | $31.17M |
| Deferred Revenue Non-Current | $- | $- | $-32.27M | $1 | $36.69M | $- | $- | $-1.66M | $-39.49M | $-22.43M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $28.80M | $43.40M | $47.77M | $64.10M | $67.17M | $77.03M | $88.28M | $98.51M | $102.98M | $90.69M | $72.85M | $54.41M | $43.09M | $49.69M | $24.62M | $14.53M | $12.58M | $5.50M | $4.88M | $6.10M |
| Other Non-Current Liabilities | $218.69M | $222.66M | $114.63M | $57.79M | $-15.71M | $14.69M | $17.14M | $28.46M | $39.34M | $83.99M | $69.70M | $74.09M | $85.30M | $88.30M | $41.53M | $21.35M | $28.86M | $17.94M | $18.52M | $21.40M |
| Total Non-Current Liabilities | $502.96M | $548.64M | $514.21M | $394.41M | $502.84M | $536.88M | $569.89M | $163.06M | $180.16M | $197.10M | $159.28M | $128.74M | $128.79M | $138.57M | $66.88M | $45.83M | $47.32M | $48.27M | $48.79M | $58.67M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.83B | $1.66B | $1.68B | $1.57B | $1.54B | $1.55B | $1.50B | $1.58B | $1.62B | $1.38B | $1.09B | $900.18M | $720.01M | $662.18M | $558.06M | $599.47M | $618.87M | $444.74M | $506.43M | $576.58M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $555.52M | $557.29M | $574.15M | $575.51M | $599.43M | $603.72M | $604.14M | $599.23M | $595.02M | $609.92M | $633.81M | $633.81M | $633.49M | $633.27M | $383.70M | $217.91M | $135.35M | $83.71M | $31.99M | $31.43M |
| Retained Earnings | $-241.92M | $-226.18M | $-219.05M | $-37.14M | $-28.17M | $-31.67M | $-27.19M | $-20.40M | $-18.44M | $-9.87M | $-14.83M | $-26.84M | $-25.05M | $-29.99M | $-34.59M | $-35.61M | $-39.28M | $-40.23M | $-40.92M | $-39.30M |
| Accumulated Other Comprehensive Income Loss | $28.60M | $13.01M | $16.00M | $12.10M | $3.96M | $3.05M | $156.00K | $15.88M | $13.71M | $-530.00K | $-705.00K | $-6.26M | $329.00K | $794.00K | $1.44M | $614.00K | $817.00K | $-334.00K | $-679.00K | $-1.63M |
| Other Total Stockholders Equity | $16.53M | $15.35M | $12.59M | $11.74M | $10.97M | $10.02M | $9.24M | $8.77M | $7.92M | $6.50M | $5.22M | $3.54M | $2.33M | $1.19M | $1 | $1 | $1 | $307.00K | $6.13M | $6.13M |
| Total Stockholders Equity | $358.74M | $359.47M | $383.69M | $562.21M | $586.20M | $585.11M | $586.36M | $603.48M | $599.91M | $607.65M | $625.58M | $606.32M | $613.49M | $607.88M | $354.35M | $188.03M | $101.75M | $48.31M | $-3.48M | $-3.37M |
| Total Equity | $358.74M | $359.47M | $383.69M | $586.54M | $612.15M | $612.14M | $614.91M | $632.98M | $630.81M | $639.67M | $659.96M | $641.04M | $648.83M | $607.88M | $354.35M | $188.03M | $101.75M | $48.31M | $-3.48M | $-3.37M |
| Total Liabilities and Stockholders Equity | $2.19B | $2.02B | $2.06B | $2.15B | $2.15B | $2.16B | $2.12B | $2.22B | $2.25B | $2.02B | $1.75B | $1.54B | $1.37B | $1.27B | $912.41M | $787.49M | $720.62M | $493.05M | $502.95M | $573.21M |
| Minority Interest | $- | $- | $- | $24.33M | $25.95M | $27.04M | $28.55M | $29.50M | $30.90M | $32.02M | $34.39M | $34.73M | $35.34M | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.19B | $2.02B | $2.06B | $2.15B | $2.15B | $2.16B | $2.12B | $2.22B | $2.25B | $2.02B | $1.75B | $1.54B | $1.37B | $1.27B | $912.41M | $787.49M | $720.62M | $493.05M | $502.95M | $573.21M |
| Total Investments | $4.79M | $27.91M | $29.88M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $256.10M | $308.34M | $331.68M | $288.82M | $433.29M | $412.75M | $430.31M | $460.22M | $421.73M | $371.69M | $192.34M | $163.02M | $1.23M | $1.43M | $51.24M | $142.21M | $139.16M | $115.66M | $160.32M | $165.71M |
| Net Debt | $113.65M | $127.88M | $157.59M | $130.21M | $262.87M | $307.53M | $351.86M | $321.19M | $261.84M | $199.46M | $8.16M | $-53.64M | $-246.97M | $-208.92M | $-73.69M | $73.78M | $74.40M | $56.61M | $123.95M | $138.96M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $-180.99M | $-1.45M | $22.84M | $16.37M | $-4.17M |
| Depreciation and Amortization | $100.46M | $119.98M | $80.06M | $39.59M | $27.05M |
| Deferred Income Tax | $-19.53M | $-33.89M | $-4.06M | $7.61M | $1.67M |
| Stock Based Compensation | $5.86M | $3.69M | $5.59M | $2.33M | $- |
| Change in Working Capital | $148.46M | $90.75M | $-77.17M | $7.63M | $6.26M |
| Accounts Receivables | $-261.92M | $-98.25M | $-125.84M | $33.00M | $-114.00M |
| Inventory | $14.39M | $81.76M | $38.15M | $-56.55M | $-10.89M |
| Accounts Payables | $- | $111.33M | $33.17M | $25.80M | $123.62M |
| Other Working Capital | $395.99M | $-4.09M | $-22.65M | $5.38M | $7.53M |
| Other Non Cash Items | $215.12M | $50.46M | $14.31M | $13.55M | $20.80M |
| Net Cash Provided by Operating Activities | $269.38M | $229.54M | $41.59M | $87.06M | $51.60M |
| Investments in Property Plant and Equipment | $-1.44M | $-10.83M | $-23.94M | $-6.31M | $-4.99M |
| Acquisitions Net | $- | $- | $-418.15M | $-260.55M | $-43.79M |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $-37.67M | $-93.10M | $-21.34M | $-10.94M | $-17.81M |
| Net Cash Used for Investing Activities | $-39.12M | $-103.93M | $-463.43M | $-277.80M | $-66.59M |
| Debt Repayment | $-159.65M | $-61.26M | $392.11M | $-149.96M | $-36.19M |
| Common Stock Issued | $- | $- | $- | $493.88M | $103.60M |
| Common Stock Repurchased | $-71.51M | $-17.39M | $-40.00M | $- | $-2.12M |
| Dividends Paid | $-10.78M | $-6.16M | $-1.08M | $- | $- |
| Other Financing Activities | $-22.89M | $-29.04M | $-14.72M | $27.46M | $-6.74M |
| Net Cash Used Provided by Financing Activities | $-264.82M | $-113.84M | $336.31M | $371.38M | $58.54M |
| Effect of Forex Changes on Cash | $7.95M | $-1.79M | $-2.77M | $2.78M | $628.00K |
| Net Change in Cash | $-27.69M | $10.53M | $-88.30M | $183.43M | $44.18M |
| Cash at End of Period | $142.73M | $169.87M | $159.89M | $248.19M | $64.77M |
| Cash at Beginning of Period | $170.42M | $159.89M | $248.19M | $64.77M | $20.59M |
| Operating Cash Flow | $269.38M | $229.54M | $41.59M | $87.06M | $51.60M |
| Capital Expenditure | $-1.44M | $-10.83M | $-23.94M | $-6.31M | $-4.99M |
| Free Cash Flow | $267.94M | $218.71M | $17.64M | $80.75M | $46.61M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-9.17M | $-3.31M | $-163.32M | $-1.91M | $5.86M | $-3.32M | $-4.50M | $-3.36M | $-4.66M | $18.23M | $11.68M | $-2.41M | $7.08M | $4.60M | $1.02M | $3.67M | $950.00K | $694.00K | $-4.40M | $-1.42M |
| Depreciation and Amortization | $23.58M | $22.86M | $26.97M | $27.04M | $31.64M | $31.56M | $29.23M | $27.55M | $21.99M | $24.10M | $18.74M | $15.34M | $12.95M | $10.32M | $9.07M | $7.24M | $6.77M | $6.48M | $7.02M | $6.78M |
| Deferred Income Tax | $-12.03M | $-3.41M | $-7.66M | $3.57M | $-33.89M | $-1.06M | $-1.96M | $75.00K | $-4.36M | $-2.50M | $1.40M | $1.41M | $3.49M | $-11.00K | $2.70M | $1.44M | $2.94M | $70.00K | $-1.17M | $-173.00K |
| Stock Based Compensation | $1.19M | $2.76M | $1.14M | $772.00K | $954.00K | $774.00K | $1.12M | $848.00K | $1.42M | $1.27M | $1.69M | $1.21M | $1.13M | $1.19M | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $16.82M | $22.29M | $36.23M | $73.12M | $71.89M | $63.10M | $-40.35M | $-8.16M | $-8.05M | $-7.80M | $-7.06M | $-54.26M | $-13.38M | $34.67M | $7.24M | $-20.90M | $-42.55M | $13.29M | $16.13M | $19.38M |
| Accounts Receivables | $-165.31M | $15.52M | $-126.01M | $13.88M | $-61.84M | $-13.36M | $-20.60M | $-2.44M | $-121.60M | $71.90M | $-48.37M | $-27.77M | $-54.88M | $29.27M | $35.88M | $22.73M | $-163.21M | $15.89M | $37.46M | $-7.40M |
| Inventory | $10.80M | $11.22M | $3.95M | $-11.57M | $91.98M | $-4.10M | $-7.45M | $1.33M | $20.38M | $6.51M | $4.71M | $6.55M | $-25.25M | $-7.10M | $-12.02M | $-12.17M | $-9.73M | $2.50M | $16.07M | $-19.73M |
| Accounts Payables | $- | $- | $151.16M | $68.55M | $32.96M | $81.47M | $-3.88M | $781.00K | $103.01M | $-86.21M | $45.75M | $-29.38M | $74.51M | $16.90M | $-30.46M | $-35.14M | $- | $- | $- | $- |
| Other Working Capital | $171.33M | $-4.45M | $7.13M | $2.26M | $8.80M | $-902.00K | $-8.42M | $-7.83M | $-9.84M | $-8.00K | $-57.52M | $-31.42M | $-7.75M | $-4.39M | $13.83M | $3.68M | $-32.81M | $10.79M | $59.00K | $39.12M |
| Other Non Cash Items | $36.59M | $7.67M | $159.02M | $-10.87M | $31.23M | $4.88M | $6.80M | $11.81M | $24.05M | $-18.35M | $126.00K | $8.49M | $8.49M | $-2.65M | $1.73M | $3.02M | $4.85M | $5.14M | $5.32M | $5.50M |
| Net Cash Provided by Operating Activities | $56.97M | $48.86M | $52.38M | $104.16M | $106.54M | $95.94M | $-9.64M | $28.76M | $30.39M | $14.95M | $26.57M | $-30.22M | $19.77M | $48.12M | $21.76M | $-5.54M | $-27.03M | $25.67M | $22.90M | $30.07M |
| Investments in Property Plant and Equipment | $- | $- | $-2.00M | $-1.86M | $-2.04M | $-1.59M | $-2.09M | $-5.11M | $-5.12M | $-4.33M | $-3.12M | $-11.36M | $-2.65M | $-810.00K | $-1.11M | $-1.76M | $-3.66M | $-460.00K | $-518.00K | $-356.00K |
| Acquisitions Net | $- | $- | $-20.17M | $-11.03M | $-1.23M | $-25.97M | $-1.36M | $-64.54M | $-64.46M | $-154.21M | $-131.54M | $-67.93M | $-16.26M | $-148.14M | $-85.96M | $-10.19M | $-37.09M | $-4.31M | $-4.48M | $-6.70M |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-5.76M | $1.71M | $- | $-7.87M | $-1.24M | $-25.97M | $-5.04M | $-64.61M | $-4.13M | $-121.00K | $-5.21M | $-11.70M | $-365.00K | $-1.46M | $-2.71M | $-6.54M | $-5.15M | $-4.31M | $-4.23M | $-4.12M |
| Net Cash Used for Investing Activities | $-5.76M | $1.71M | $-22.17M | $-12.89M | $-3.27M | $-27.56M | $-3.45M | $-69.65M | $-73.72M | $-158.66M | $-139.88M | $-90.98M | $-19.27M | $-150.41M | $-89.78M | $-18.50M | $-45.91M | $-4.77M | $-4.75M | $-11.17M |
| Debt Repayment | $-66.47M | $-28.55M | $36.77M | $-101.40M | $-35.35M | $-26.99M | $-27.94M | $29.02M | $42.90M | $169.59M | $20.01M | $159.62M | $-3.72M | $-54.86M | $-90.57M | $-734.00K | $27.58M | $-45.02M | $-3.83M | $-14.92M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-3.00K | $248.37M | $164.48M | $80.94M | $43.21M | $50.73M | $5.00K | $9.65M |
| Common Stock Repurchased | $-17.71M | $-7.07M | $-44.42M | $-2.30M | $-2.09M | $-1.06M | $-14.23M | $- | $-9.46M | $-30.54M | $- | $- | $- | $- | $- | $- | $- | $- | $-879.00K | $-1.25M |
| Dividends Paid | $-2.85M | $-2.92M | $-2.97M | $-2.03M | $-2.04M | $-2.05M | $-2.07M | $- | $-4.00K | $-20.00K | $-1.10M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-5.64M | $-5.80M | $-4.38M | $-1 | $-1 | $-11.06M | $-4.99M | $-7.66M | $-6.06M | $-1.09M | $56.88M | $-64.45M | $44.56M | $-12.03M | $47.05M | $-52.13M | $5.93M | $46.94M | $-4.20M | $-4.68M |
| Net Cash Used Provided by Financing Activities | $-92.67M | $-44.35M | $-15.01M | $-105.73M | $-39.48M | $-41.16M | $-49.23M | $21.36M | $27.38M | $137.96M | $75.79M | $95.17M | $40.84M | $181.48M | $120.97M | $28.07M | $77.56M | $1.72M | $-8.76M | $-11.99M |
| Effect of Forex Changes on Cash | $3.73M | $159.00K | $1.63M | $2.64M | $-1.75M | $-439.00K | $1.75M | $-1.34M | $3.61M | $-6.19M | $4.53M | $-5.50M | $-3.49M | $6.23M | $3.55M | $-375.00K | $1.09M | $56.00K | $231.00K | $-753.00K |
| Net Change in Cash | $-37.73M | $6.38M | $15.76M | $-11.80M | $62.09M | $26.78M | $-60.59M | $-20.86M | $-12.34M | $-11.95M | $-32.99M | $-31.53M | $37.85M | $85.42M | $56.49M | $3.67M | $5.72M | $22.68M | $9.62M | $6.16M |
| Cash at End of Period | $142.73M | $180.46M | $173.82M | $158.62M | $170.42M | $105.22M | $78.44M | $139.03M | $159.89M | $172.23M | $184.18M | $216.66M | $248.19M | $210.34M | $124.92M | $68.43M | $64.77M | $59.05M | $36.37M | $26.75M |
| Cash at Beginning of Period | $180.46M | $174.09M | $158.06M | $170.42M | $108.32M | $78.44M | $139.03M | $159.89M | $172.23M | $184.18M | $217.17M | $248.19M | $210.34M | $124.92M | $68.43M | $64.77M | $59.05M | $36.37M | $26.75M | $20.59M |
| Operating Cash Flow | $56.97M | $48.86M | $46.83M | $104.16M | $106.54M | $95.94M | $-9.64M | $28.76M | $30.39M | $14.95M | $26.57M | $-30.22M | $19.77M | $48.12M | $21.76M | $-5.54M | $-27.03M | $25.67M | $22.90M | $30.07M |
| Capital Expenditure | $- | $- | $-2.00M | $-1.86M | $-2.04M | $-1.59M | $-2.09M | $-5.11M | $-5.12M | $-4.33M | $-3.12M | $-11.36M | $-2.65M | $-810.00K | $-1.11M | $-1.76M | $-3.66M | $-460.00K | $-518.00K | $-356.00K |
| Free Cash Flow | $57.18M | $48.86M | $44.83M | $102.30M | $104.51M | $94.35M | $-11.74M | $23.66M | $25.27M | $10.62M | $23.45M | $-41.58M | $17.12M | $47.31M | $20.64M | $-7.30M | $-30.69M | $25.21M | $22.38M | $29.72M |
Converge Technology Solutions Dividends
Explore Converge Technology Solutions's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
1.67%
Dividend Payout Ratio
-6.06%
Dividend Paid & Capex Coverage Ratio
22.05x
Converge Technology Solutions Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.0105705 | $0.0105705 | December 10, 2024 | December 10, 2024 | December 27, 2024 | |
| $0.0111525 | $0.0111525 | August 27, 2024 | August 27, 2024 | September 10, 2024 | |
| $0.01095 | $0.01095 | May 22, 2024 | May 23, 2024 | June 06, 2024 | |
| $0.0074 | $0.0074 | March 11, 2024 | March 12, 2024 | March 26, 2024 | March 08, 2024 |
| $0.007354 | $0.007354 | December 12, 2023 | December 13, 2023 | December 28, 2023 | December 07, 2023 |
| $0.007307 | $0.007307 | September 07, 2023 | September 08, 2023 | September 22, 2023 | September 01, 2023 |
| $0.0074841 | $0.0074841 | June 08, 2023 | June 09, 2023 | June 16, 2023 | June 02, 2023 |
Converge Technology Solutions News
Read the latest news about Converge Technology Solutions, including recent articles, headlines, and updates.
Converge Technology Solutions Reminds Shareholders to Vote in Advance of Proxy Voting Deadline for the Upcoming Special Meeting
TORONTO and GATINEAU, QC, April 3, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) reminds its shareholders to vote ahead of the proxy voting deadline for the upcoming special meeting of shareholders (the "Meeting"). At the Meeting, Converge's shareholders will be asked to vote on a special resolution (the "Arrangement Resolution") to approve the previously announced statutory plan of arrangement, as amended, under the Canada Business Corporations Act (the "Arrangement") between Converge and an affiliate of H.I.G.
Converge Technology Solutions and H.I.G. Capital Agree to Amend Arrangement Agreement
TORONTO and GATINEAU, QC, April 1, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announced today that the Company has agreed to amend (the "Amendment") the previously announced arrangement agreement dated February 6, 2025 (the "Arrangement Agreement") with an affiliate of H.I.G. Capital ("H.I.G.
Independent Proxy Advisory Firms Recommend Converge Technology Solutions Shareholders Vote For the Proposed Acquisition by an Affiliate of H.I.G. Capital
TORONTO and GATINEAU, QC, March 25, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that two leading independent proxy advisory firms, including Institutional Shareholder Services Inc. ("ISS"), have recommended that holders (the "Shareholders") of common shares of Converge (the "Shares") vote "FOR" the special resolution approving the previously announced statutory plan of arrangement under Section 192 of the Canada Business Corporations Act (the "Arrangement") between Converge and 16728421 Canada Inc. ("the Purchaser"), an affiliate of H.I.G. Capital ("H.I.G.
Converge Announces Filing and Mailing of Management Information Circular in Connection with its Special Meeting of Shareholders to Approve the Acquisition by H.I.G. Capital
TORONTO and GATINEAU, QC, March 14, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce its management information circular (the "Circular") in connection with the Company's upcoming special meeting (the "Meeting") of the holders (the "Shareholders") of common shares of Converge (the "Shares") is now available under Converge's profile on SEDAR+ (www.sedarplus.ca) as well as on the Company's website at https://convergetp.com/investor-relations/special-meeting-vote/. The mailing of the Circular and related materials for the Meeting, to Shareholders, has also commenced.
Converge Reports Fourth Quarter and Fiscal Year 2024 Results
TORONTO and GATINEAU, QC, March 5, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) is pleased to provide its financial results for the three months and fiscal year ended December 31, 2024. All figures are in Canadian dollars unless otherwise stated.
Converge Reports Preliminary Fourth Quarter and Fiscal Year 2024 Financial Results and Conference Call Details
TORONTO and GATINEAU, QC, Feb. 10, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF), today announced preliminary results for the fourth quarter ("Q4-2024") and fiscal year ended December 31, 2024. The Company will hold a conference call to discuss complete financial results for Q4-2024 and fiscal year ended December 31, 2024 on Thursday, March 6th, 2025 at 8:00am EST.
Converge Technology initiated with a Hold at Stifel
Stifel initiated coverage of Converge Technology (CTSDF) with a Hold rating and C$4 price target. The firm prefers Telus International (TIXT) over Converge, saying the latter offers a "washed-out valuation" and more risk to the upside on a relative basis. Stifel believes IT spending intentions into 2025 are "appearing more constructive." Converge Technology +0.07 (+2.81%) Telus International +0.045 (+1.36%)
Converge To Pay December 2024 Dividend One Day Earlier Due to Holidays
TORONTO and GATINEAU, QC, Dec. 20, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) today announced that, further to the Company's press release dated November 12, 2024, due to the December 2024 holiday schedule, Converge will pay its previously announced dividend (the "Dividend") of $0.015 per common share one day earlier, from December 28, 2024 to December 27, 2024. The record date of December 10, 2024 (the "Record Date") for the Dividend remains unchanged.
Converge Technology Solutions Announces Partnership with Tony Stewart Racing Company
TORONTO and GATINEAU, QC, Nov. 20, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (OTCQX: CTSDF) is pleased to announce it has joined Tony Stewart Racing (TSR) to serve as associate sponsor of TSR in a multi-year agreement in the NHRA Mission Foods Drag Racing Series season. This will be Converge's first partnership in the arena of motorsports partnership and marketing.
Converge Technology Solutions Corp. (CTSDF) Q3 2024 Earnings Call Transcript
Converge Technology Solutions Corp. (OTCQX:CTSDF) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Dennis Fong - Investor Relations Avjit Kamboj - Chief Financial Officer Greg Berard - Chief Executive Officer Conference Call Participants Gavin Fairweather - Cormark Securities Inc. Rob Goff - Ventum Stephanie Price - CIBC Jerome Dubreuil - Desjardins John Shao - National Bank Divya Goyal - Scotiabank Robert Young - Canaccord Genuity Daniel Rosenberg - Paradigm Capital Kiran Sritharan - VIII Capital Operator Thank you for standing by. This is the conference operator.
Converge Reports Third Quarter 2024 Results
Year-to-date cash generated from operating activities increased by $97 million to $212 million, enabling continued net debt1 reduction and a return of $61.7 million in capital to shareholders1 Announces Completion of Group CEO Transition and Appoints Greg Berard, CEO to the Company's Board of Directors TORONTO and GATINEAU, QC, Nov. 12, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to provide its financial results for the three and nine months period ended September 30, 2024. All figures are in Canadian dollars unless otherwise stated.
Converge Technology Solutions Named Solution Partner of the Year at the 2024 Ingram Micro ONE Innovation Summit
TORONTO and GATINEAU, QC, Nov. 8, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce it has been named Solution Partner of the Year for North America by Ingram Micro, a leading technology company for the global information technology ecosystem reaching nearly 90% of the world's population. Converge's award was presented as part of the 2024 Ingram Micro ONE Innovation Summit, held from November 6-8, 2024, in Maryland.
The Silver Lining In Converge Technology's Selloff And Strategy For Stability
Converge Technology Solutions has faced a challenging year with a -30.26% annualized return, but the recent sell-off may present a buying opportunity. The company is refocusing on high-margin, recurring services in managed IT and cloud solutions, showing double-digit growth despite declining hardware sales. Improved cash management and leadership changes are driving efficiency and profitability, positioning Converge for long-term growth.
Converge Reports Preliminary Third Quarter 2024 Results
TORONTO and GATINEAU, QC, Oct. 24, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) today announced select preliminary unaudited financial results for the three months ended September 30, 2024 ("Q3-2024"). All figures are in Canadian dollars unless otherwise stated.
Converge to Host Third Quarter Fiscal 2024 Conference Call
TORONTO and GATINEAU, QC, Oct. 22, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that it will hold a conference call to discuss its third quarter fiscal 2024 results on Tuesday, November 12 th, 2024 at 8:00am EST. The call will be hosted by the Converge leadership team, followed by a question-and-answer period.
Converge Technology Solutions Announces PCI-DSS Certification for IBM Power for Google Cloud (IP4G) Platform
TORONTO and GATINEAU, QC , Sept. 17, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce the successful completion of PCI-DSS certification for the Company's IBM Power for Google Cloud (IP4G) platform.
Converge Announces Renewal of Normal Course Issuer Bid
TORONTO , Aug. 9, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announces that the Toronto Stock Exchange (the "TSX") has approved the Company's Notice of Intention to Make a Normal Course Issuer Bid (the "NCIB"). Pursuant to the NCIB, Converge may purchase for cancellation up to an aggregate of 18,408,927 common shares (the "Common Shares") representing approximately 10% of Converge's public float of Common Shares as at July 31, 2024.
Converge Technology Solutions Corp. (CTSDF) Q2 2024 Earnings Call Transcript
Converge Technology Solutions Corp. (OTCQX:CTSDF) Q2 2024 Earnings Call August 8, 2024 8:00 AM ET Company Participants Dennis Fong - Investor Relations Avjit Kamboj - Chief Financial Officer Shaun Maine - Group Chief Executive Officer Greg Berard - Chief Executive Officer Conference Call Participants Robert Young - Canaccord Christian Sgro - Eight Capital Stephanie Price - CIBC Jerome Dubreuil - Desjardins Divya Goyal - Scotiabank John Shao - National Bank Rob Goff - Ventum Operator Thank you for standing by. This is the conference operator.
Converge Reports Second Quarter 2024 Results
Gross sales organic growth1 of 11.1% and gross profit organic growth1 of 2.1%; Returned $47.4 million in capital through dividends and share repurchases; Announces Group CEO Transition TORONTO and GATINEAU, QC, Aug. 8, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to provide its financial results for the three and six months period ended June 30, 2024. All figures are in Canadian dollars unless otherwise stated.
Converge to Host Second Quarter Fiscal 2024 Conference Call
TORONTO, ON and GATINEAU, QC, July 18, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that it will hold a conference call to discuss its second quarter fiscal 2024 results on Thursday, August 8 th, 2024 at 8:00am EST. The call will be hosted by the Converge leadership team, followed by a question-and-answer period.
Converge Technology Solutions Announces Deconsolidation of Portage CyberTech Inc.
TORONTO and GATINEAU, QC, July 3, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) today announced that, as of June 27, 2024, the Company has fulfilled the criteria necessary for the deconsolidation of its majority owned subsidiary, Portage CyberTech Inc. ("Portage CyberTech") for accounting purposes, following Converge's decision to relinquish its right to majority representation on the board of directors of Portage CyberTech (the "Portage Board") pursuant to a voting agreement dated as of June 27, 2024 ("Voting Agreement"). In conjunction with the execution of the Voting Agreement, Portage CyberTech announced it has entered into a new stand-alone credit facility with the Canadian Imperial Bank of Commerce ("CIBC"), for up to $15 million, of which $10 million will be drawn immediately and the additional $5 million is contingent on achieving future financial targets.
Converge Technology Solutions Announces the Election of Gayle Morris and Mary Hassett to Board of Directors
TORONTO and GATINEAU, QC, June 19, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF), is pleased to announce the election of Gayle Morris and Mary Hassett to the Company's Board of Directors. Gayle Morris is a corporate technology executive with 30+ years' experience in high-tech computing, software, and networking across top global companies including Microsoft, Cisco, BEA Systems, and Dell.
Converge Technology Solutions Corp. Reports Annual General and Special Meeting of Shareholders Voting Results
TORONTO and GATINEAU, QC, June 19, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce the voting results of its annual general and special meeting of shareholders held on Wednesday, June 19th 2024. The results of the each vote at the Company's virtual annual general and special meeting of shareholders held earlier today are set forth below.
Converge Technology Solutions Corp. (CTSDF) Q1 2024 Earnings Call Transcript
Converge Technology Solutions Corp. (OTCQX:CTSDF) Q1 2024 Earnings Conference Call May 9, 2024 8:00 AM ET Company Participants Lorne Gorber - Investor Relations Shaun Maine - Group Chief Executive Officer Greg Berard - Chief Executive Officer, Converge Avjit Kamboj - Chief Financial Officer Conference Call Participants Rob Goff - Echelon John Shao - National Bank Christian Sgro - VIII Capital Jerome Dubreuil - Desjardins Robert Young - Canaccord Genuity Gavin Fairweather - Cormark Steven Li - Raymond James Divya Goyal - Scotiabank Operator Thank you for standing by. This is the conference operator.
Converge Reports First Quarter 2024 Results
Q1 Marks Third Consecutive Billion Dollar Gross Sales 1 Quarter TORONTO, and GATINEAU, QC, May 9, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) is pleased to provide its financial results for the three month period ended March 31, 2024. All figures are in Canadian dollars unless otherwise stated.
Converge to Host First Quarter Fiscal 2024 Conference Call
TORONTO and GATINEAU, QC, April 18, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that it will hold a conference call to discuss its first quarter fiscal 2024 results on Thursday, May 9 th, 2024 at 8:00am EST. The call will be hosted by the Converge leadership team, followed by a question-and-answer period.
Converge Technology Solutions Awarded 2024 NVIDIA Networking Partner of the Year and Canadian Partner of the Year
TORONTO and GATINEAU, QC, March 19, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that it has been selected as a NVIDIA Partner Network (NPN) 2024 Americas award winner in the categories of Networking Partner of the Year and Canadian Partner of the Year. NVIDIA's annual NPN Americas Partner of the Year awards honor companies in 14 categories covering AI, consulting, distribution, higher education, financial services, healthcare, integration, networking, the public sector, rising star, service delivery, software, and the Canadian market.
Converge Technology Solutions Corp. (CTSDF) Q4 2023 Earnings Call Transcript
Converge Technology Solutions Corp. (OTCQX:CTSDF) Q4 2023 Earnings Conference Call March 6, 2024 8:00 AM ET Company Participants Lauren Gerber - Investor Relations Shaun Maine - Group Chief Executive Officer Greg Berard - Chief Executive Officer, Converge Avjit Kamboj - Chief Financial Officer Conference Call Participants John Shao - National Bank Rob Goff - Echelon Robert Young - Canaccord Genuity Christian Sgro - VIII Capital Stephanie Price - CIBC Jerome Dubreuil - Desjardins Graham Smith - Cormark Securities Divya Goyal - Scotiabank David Kwan - TD Securities Operator Thank you for standing by. This is the conference operator.
Converge Reports Record Q4 and FY 2023 Results
Gross Sales 1 Top $4.0 Billion in FY 2023; Q4 Marks Consecutive Billion Dollar Quarter TORONTO and GATINEAU, QC, March 6, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to provide its financial results for the three months and fiscal year ended December 31, 2023. All figures are in Canadian dollars unless otherwise stated.
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