Converge Technology Solutions Corp T.CTS

Q3 Financial Results

[newcoin]

Q321 Highlights

• 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
• Completed acquisition of REDNET AG, an IT service provider headquartered in Mainz, Germany marking the Company’s official expansion into Europe
• Closed the previously announced acquisitions of Vicom Infinity, Inc. and Infinity Systems Software – two world class providers of IBM mainframe solutions and IBM software and services
• Announced as Ingram Micro’s Blue Series Partner of the Year and CORE Partner of the Year for North America; Received Ingram Micro Cloud Reseller of the Year for the second consecutive year; Secured the 2021 North American Microsoft Surface Reseller of the Year; and Ranked fourteenth on CRN’s 2021 Fast Growth 150 List
• Closed $259 million equity financing at $10.55 per common share in September 2021
• Added to the S&P/TSX Composite Index effective prior to market open on Monday, September 20, 2021

[catchascatchcan]

Could be worse from where I'm sitting.  Adjusted granted, but great cash flow.  I'm happy, but will the market be?

[fabdaq2021]

i've only been in this stock for two reportings.  I will say that I really DESPISE the way they report their numbers.  I'm not an accountant.  Show me the bottom line per fn share!!  Gross profit of 83 million.  Whats that mean.  What is the bottom fn line - are you scared to report it?  I say this as subscribe to investors digest.  Two analysts

[Ackilles]

Most people know where the Net Income line is on the statements. Accountants often use adjusted numbers to measure operating effectiveness or profitability with peers. Numbers such as Depreciation are not very useful in comparisons because companies may use different depreciation methods, such as straight-line vs declining balance. Although, if comparing companies, you should check that the same

[fabdaq2021]

I didn't mention comparing any companies.  I want to know the bottom line.  I've been investing on my own since the early 90's.  I have an honours degree in economics.  Further since the dawn of the internet and as far as I can remember 99.99999% of the QUARTERLY financial releases I've read make it so damn easy to see the per share earnings/losses so yeah I'

[Ackilles]

If you don't like what results they are highlighting then take a look at their audited statements. Pretty simple Mr. Big Brain on campus.

[fabdaq2021]

Take a good look at all the confusion here with regard to their release.  I've been on sedar no more than about 20 times over the last 25 years.  Why should they make it that hard?  Why can't they do what everyone else does and simply show  the bottom line in their release.  They sure show enough so why not show the bottom line in a simple way like everyone else

[Ackilles]

You gave them "a blast" did you? I bet you have them shaking in their boots. CTS Investor Relations - "Hey guys, some random poster on stock house is not happy with how we present our numbers. He's been investing since the 90's and got honors in economics, so he must be an equity guru. We should seriously consider changing how we do things around here. He sounds like a

[fdfd12]

ackilles where do you see a loss of .02? I went to SEDAR and saw gain of .02

[Ackilles]

I didn't see a loss. Was replying to Woody regarding ALYA.

[fdfd12]

Does this look like an ALYA board to you???

[Ackilles]

Sorry, Boss. Won't happen again.