Converge Technology Solutions Corp.

Converge Technology Solutions Corp.

CTSDF
Converge Technology Solutions Corp.US flagOther OTC
4.32
USD
+0.00
- -
814.12MMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
39.75
7.14
8.88
9.22
7.16
10.16
13.09
13.11
12.99
Basic EPS, GAAP
-2.95
-0.28
-0.14
-0.04
0.09
0.13
-0.01
-0.9
-0.89
Free Cash Flow per Basic Share
4.12
-0.02
0.29
0.45
0.43
0.08
1.06
1.36
1.33
Dividend per Share
- -
- -
- -
- -
- -
0.01
0.03
0.05
0.05
Book Value per Share
-3.16
-0.07
-0.22
0.93
3.27
2.71
2.76
1.59
1.57
Tangible Book Value per Share
-32.22
-1.29
-2.35
-1.14
0.49
-1.86
-1.59
-1.58
-1.56
Basic Weighted Avg Shares
1
64
77
103
186
213
207
198
199
Sales/Revenue/Turnover
53
459
688
949
1,330
2,165
2,705
2,592
2,592
Operating Margin (%)
-1.88
2.01
2.13
3.57
3.92
2.61
1.72
2.35
2.35
Depreciation Expense
1
7
18
27
40
80
120
100
100
Net Income, GAAP
-4
-18
-11
-4
16
27
-1
-178
-178
Effective Tax Rate (%)
- -
- -
- -
- -
31.73
- -
- -
- -
12,742.86
Profit Margin (%)
-7.42
-3.97
-1.58
-0.44
1.23
1.26
-0.05
-6.86
-6.86
Working Capital
-101
-74
-158
-94
189
-310
96
-88
-88
LT Debt
3
12
15
6
- -
- -
378
255
255
Total Equity
-4
-5
-10
102
649
631
612
359
359
Return on Invested Capital (%)
- -
- -
- -
- -
7.87
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
4.83
- -
- -
- -
443.53
Return on Common Equity (%)
- -
- -
- -
- -
4.65
4.6
-0.25
-40.17
-40.17

Capital Structure

FRC

in mil. unless spec.
Jun'24
Sep'24
Dec'24
ST Debt
12
26
1
LT Borrowings
320
283
255
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
195
194
189
Market Capitalization
880
915
657

Working Capital

FRC

in mil. unless spec.
Jun'24
Sep'24
Dec'24
Total Current Assets
1,172
1,061
1,237
Cash, Cash Equivalents & STI
174
180
142
Accounts Receivable, Net
882
775
657
Inventories
83
72
63
Total Current Liabilities
1,167
1,108
1,325
Payables & Accruals
1,056
976
1,203
ST Debt
12
26
1
Deferred Revenue
67
62
81

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-127.92%
-41.4%
Free Cash Flow
- -
253%
22.51%
Net Income, GAAP
- -
2,316.18%
12,173%
Sales/Revenue/Turnover
- -
32.34%
-4.18%
Total Cash Common Dividend
- -
- -
75.06%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
494
515
514
415
2,165
2023
678
666
710
651
2,705
2024
629
652
631
681
2,592

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
-0.01
0.06
0.1
- -
0.13
2023
-0.01
-0.02
-0.01
- -
-0.01
2024
-0.01
-0.82
-0.02
- -
-0.9

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
0.01
- -
- -
0.01
2023
- -
0.01
0.01
- -
0.03
2024
0.01
0.01
0.01
- -
0.05

Company Description

APIChat
CEO
Greg Berard
Full Time Employees
2,700
Sector
Technology
Industry
Information Technology Services
Address
85 rue Victoria Gatineau QC Canada J8X 2A3
IPO Date
Apr 9, 2019
Business
Converge Technology Solutions Corp., established in 2016, transitioned in April 2025 to become a foundational component of Pellera Technologies, following its acquisition by H.I.G. Capital and subsequent merger with Mainline Information Systems. Previously operating across North America and Europe, including Germany, the UK, and Ireland, the entity contributed its extensive suite of software-enabled IT and cloud solutions to a diverse client base of corporate and government institutions. Its integrated approach delivered advanced analytics, artificial intelligence capabilities, application modernization, cloud platforms, robust cybersecurity measures, and comprehensive digital infrastructure offerings to clients across numerous sectors. The company specialized in designing, deploying, and maintaining modern data centers through networking, virtualization, storage, disaster recovery, and continuous replication of critical applications and data. It also provided expert assessment and optimization for public and private cloud environments, alongside supporting email, voice, and video communication technologies, as well as essential enterprise networking, security, and infrastructure products. Furthermore, its portfolio included client computing equipment such as desktops and laptops, mobile location-based technologies, and blockchain solutions for privacy and identity management. The firm also offered a wide array of services, including managed and hosted solutions, specialized cybersecurity, cloud computing and analytics, systems architecture, professional consulting, talent sourcing, and complete IT lifecycle and desktop recovery. Now contributing to Pellera Technologies, the combined entity is headquartered in Tallahassee, Florida.

Company News

APIChat
  • Converge Technology Solutions (OTCMKTS:CTSDF) Stock Price Down 0.5% – What’s Next?

  • H.I.G. Capital Completes Acquisition of Converge Technology Solutions and Merger of Converge Technology Solutions and Mainline Information Systems to Form "Pellera Technologies"

  • H.I.G. Capital Completes Merger of Converge Technology Solutions and Mainline Information Systems to Form "Pellera Technologies"

  • Court Grants Final Order to Converge Approving Acquisition by H.I.G. Capital

  • Converge Technology Solutions Shareholders Approve the Acquisition by H.I.G. Capital

  • Converge Technology Solutions Reminds Shareholders to Vote in Advance of Proxy Voting Deadline for the Upcoming Special Meeting

  • Converge Technology Solutions and H.I.G. Capital Agree to Amend Arrangement Agreement

  • Independent Proxy Advisory Firms Recommend Converge Technology Solutions Shareholders Vote For the Proposed Acquisition by an Affiliate of H.I.G. Capital

  • Converge Announces Filing and Mailing of Management Information Circular in Connection with its Special Meeting of Shareholders to Approve the Acquisition by H.I.G. Capital

  • Converge Reports Fourth Quarter and Fiscal Year 2024 Results

  • Converge Reports Preliminary Fourth Quarter and Fiscal Year 2024 Financial Results and Conference Call Details

  • Converge Technology Solutions to be Acquired by H.I.G. Capital

  • Converge Technology initiated with a Hold at Stifel

  • Converge To Pay December 2024 Dividend One Day Earlier Due to Holidays

  • Converge Technology Solutions Announces Partnership with Tony Stewart Racing Company

  • Converge Technology Solutions Corp. (CTSDF) Q3 2024 Earnings Call Transcript

  • Converge Reports Third Quarter 2024 Results

  • Converge Technology Solutions Named Solution Partner of the Year at the 2024 Ingram Micro ONE Innovation Summit

  • The Silver Lining In Converge Technology's Selloff And Strategy For Stability

  • Converge Reports Preliminary Third Quarter 2024 Results