Below is a snapshot of Converge Technology Solutions (TSX:CTS) Q3 FY21 earnings results.

Market Info

Reported: 11/10/21 Market Close
Price change at close: (2.15%) 11/10/21
Ticker: TSX:CTS
Shares Outstanding: 188.28M
Market Cap: $1.56B

Income Statement

• Third quarter revenue increased 93% over last year to $367.3 million
• Gross profit increased 60% over last year to $83.8 million
• Adjusted EBITDA increased 29% to $18.9 million from $14.6 million last year
• Record cashflow generated from operations of $48.1 million; an increase of 86% from $25.9 million compared to last year
• ARR from managed services increased by 34% to $81.1 million from $60.7 million last year

Balance Sheet

• Cash: $210.3M, compared with $64.8M as of Dec 31, 2020
• Debt: $37.22M

Analyst Consensus

• Analyst Consensus estimate: Adjusted Diluted EPS: $0.04
• Q3 FY21 Adjusted Diluted EPS: $0.01

Report created 11/11/2021
With questions or concerns please contact:

Joseph Martin – Analyst
Email: jmartin@martinwolf.com
Phone: 925.215.2739