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home / news releases / CTSDF - Converge Technology Solutions sees Q4 preliminary revenue ahead of analysts consensus

CTSDF - Converge Technology Solutions sees Q4 preliminary revenue ahead of analysts consensus

Converge Technology Partners Inc
Converge Technology Solutions (OTCQX:CTSDF) reports Q4 prelim revenue to be in the range of $497.5M to $504.5M compared to $289.6M for year ago quarter; FY21 revenue is seen between $1,520.4 to $1,527.4M compared to $948.8M in prior year. Analysts consensus estimates for Q4 revenue seen at $374.44M. Q4 gross profit seen between $114 to $116M, increasing 62% Y/Y. Adj. EBITDA is seen ranging between $32.1 to $34.8M, increasing from $23.4M in year ago quarter. Generated ~$17.8M in cashflow from operations for Q4; as of Dec.31, cash position stood at ~$248M with $300M capacity available under the company's ABL credit facility. Bookings backlog increased to ~$350M in Q4 compared to $250M in Q3. Earnings are scheduled for Mar.22 release, after market close.

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Converge Technology Solutions sees Q4 preliminary revenue ahead of analysts consensus
Stock Information
Company Name: Converge Technology Partners Inc
Stock Symbol: CTSDF
Market: OTC
Website: convergetp.com
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