CA - Converge Technology Solutions Non-GAAP EPS of $0.12 revenue of $678.2M beats by $206.34M

2023-05-09 18:09:21 ET

• Converge Technology Solutions press release ( OTCQX:CTSDF ): Q1 Non-GAAP EPS of $0.12.
• Revenue of $678.2M (+23.3% Y/Y) beats by $206.34M .
• Gross sales for Q1-23 of $965.3 million compared to $673.9 million in Q1-22; an increase of $291.4 million or 43%
• Gross Profit of $171.6 million compared to $109.0 million in Q1-22; an increase of $62.6 million or 57%
• Organic gross profit growth1 increased to 16.5% from 13.9% in Q1-22
• Cash flow from operating activities generated $28.8 million, compared to cash used in operations of $30.2 million in Q1-22, increasing by $59.0 million
• Adjusted EBITDA1 of $41.2 million, increasing from $29.6 million in Q1-22 by 39%

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