An update from Converge Technology Solutions Corp ( (TSE:CTS) ) is now available.
Converge Technology Solutions Corp. reported its financial results for the fourth quarter and fiscal year 2024, highlighting a modest increase in gross sales and revenue despite a decrease in gross profit and adjusted EBITDA. The company faced a significant net loss primarily due to a non-cash impairment charge in its Germany segment. Despite these challenges, Converge successfully reduced its net debt and increased capital returns to shareholders, indicating a focus on financial stability and shareholder value.
More about Converge Technology Solutions Corp
Converge Technology Solutions Corp. operates in the technology solutions industry, focusing on providing software-enabled IT and cloud solutions. The company serves a diverse range of clients by offering services that include advanced analytics, cloud platforms, and cybersecurity solutions, positioning itself as a comprehensive provider in the IT sector.
YTD Price Performance: 59.71%
Average Trading Volume: 1,278,992
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.02B
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