Quisitive Technology Solutions, Inc.

Quisitive Technology Solutions, Inc.

QUISF
Quisitive Technology Solutions, Inc.US flagOther OTC
0.39
USD
- -
- -
108.14MMarket Cap
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
0.18
0.21
0.33
0.34
0.38
0.32
0.21
Basic EPS, GAAP
- -
-0.1
-0.04
-0.03
-0.02
-0.01
-0.01
-0.09
-0.08
-0.07
-0.06
-0.02
-0.24
-0.2
Free Cash Flow per Basic Share
- -
-0.07
-0.03
-0.03
-0.02
-0.02
-0.01
-0.04
- -
- -
0.01
0.04
0.03
0.03
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
0.29
0.13
-0.09
-0.09
-0.1
-0.07
0.04
-0.05
0.14
0.7
0.54
0.3
0.26
Tangible Book Value per Share
- -
0.34
0.16
0.07
0.05
0.03
0.19
-0.09
-0.3
-0.09
-0.33
-0.22
0.09
0.04
Basic Weighted Avg Shares
- -
1
1
2
2
2
3
70
88
151
283
361
377
352
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
13
19
50
97
138
121
73
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
-43.71
-11.38
5.34
0.17
1.58
-0.66
2.93
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
2
3
5
12
19
18
11
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
-7
-7
-10
-16
-8
-91
-71
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
45.99
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
-52.3
-39.44
-20.47
-16.88
-6.08
-75.23
-96.38
Working Capital
- -
- -
- -
- -
- -
- -
1
-6
-12
9
-5
-5
33
12
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
9
16
74
70
2
29
Total Equity
- -
- -
- -
- -
- -
- -
1
4
-1
27
201
200
118
95
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-26.43
Return on Common Equity (%)
- -
-45.03
-24.04
- -
- -
- -
- -
- -
- -
- -
-14.92
-4.27
-58.91
-49.04

Capital Structure

FRC

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
68
4
4
LT Borrowings
- -
28
28
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
408
277
277
Market Capitalization
96
80
97

Working Capital

FRC

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
126
32
37
Cash, Cash Equivalents & STI
7
5
10
Accounts Receivable, Net
18
18
18
Inventories
2
3
3
Total Current Liabilities
114
20
25
Payables & Accruals
19
11
17
ST Debt
68
4
4
Deferred Revenue
5
5
4

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-13.31%
-329.32%
-41.36%
Free Cash Flow
808.8%
-112.36%
-8.83%
Net Income, GAAP
1,677.22%
210.21%
989.37%
Sales/Revenue/Turnover
- -
68.07%
-12.01%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
45
48
49
46
138
2023
32
30
31
-17
121
2024
30
30
31
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
-0.01
- -
-0.02
2023
-0.01
-0.01
- -
-0.21
-0.24
2024
0.02
0.02
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Michael Robert Reinhart
Full Time Employees
665
Sector
Technology
Industry
Information Technology Services
Address
161 Bay Street Toronto ON Canada M5J 2S1
IPO Date
Oct 11, 2018
Business
Quisitive Technology Solutions Inc. is a technology services company specializing in Microsoft cloud and AI solutions, digital transformation, and IT consulting services. The company's core offerings include cloud management services; AI and data analytics programs; application development and enhancement including DevOps and app security; digital workplace solutions; managed IT services; manufacturing process management software branded as ShopFloor; and product development tools like Velocity Insights for software developers. Quisitive operates primarily in North America, leveraging Microsoft Azure technologies to deliver scalable, secure, and innovative enterprise solutions for clients across various industries, particularly targeting manufacturing, technology, and government sectors. Founded in 2010 and headquartered in Vancouver, British Columbia, Quisitive is recognized as a leading Microsoft partner with ISO 27001 cybersecurity certification ensuring compliance with stringent information security standards. A major recent development for Quisitive is its acquisition by H.I.G. Capital, a global alternative investment firm, which completed in March 2025. This transaction marks a significant strategic shift, positioning Quisitive for accelerated growth and investment in cloud and AI technology innovations. Post-acquisition, Quisitive continues to operate under CEO Mike Reinhart with a focus on expanding its Microsoft cloud and AI consulting services and accelerating enterprise AI adoption through new offerings like its AI workspace platform, Airo™, built on Microsoft Azure. This acquisition follows the company's continued investment in delivering comprehensive digital transformation solutions, including enhanced product offerings for data, AI, application development, and managed services. Quisitive's product portfolio is anchored by ShopFloor, an integrated manufacturing process management solution that provides real-time operational visibility and efficiency improvements, fully integrated with Microsoft Dynamics 365. The company also offers Velocity Insights, a software development tool that improves development workflow productivity by connecting error logs, ticketing data, and CI/CD systems. Their solutions are designed to help enterprises modernize IT infrastructure, enhance security posture, and capitalize on emerging AI technologies to drive business value. With extensive expertise in business transformation, cloud migration, and managed IT, Quisitive serves customers across Canada, the United States, and internationally, primarily focusing on mid-market and enterprise-level clients. The company’s robust architecture and technology advisory services support diverse industry verticals in accelerating digital innovation and harnessing the power of AI and data in their operations. In summary, Quisitive Technology Solutions Inc. is a Microsoft-centric technology consultancy and solutions provider founded in 2010, headquartered in Vancouver, British Columbia, offering cloud, AI, data, application development, and managed IT services. Its recent acquisition by H.I.G. Capital in early 2025 underpins its strategic growth ambitions and new product innovations such as the AI workspace Airo™, reinforcing its position as a leading partner in Microsoft-based digital transformation globally.

Company News

APIChatGPT
  • Quisitive Launches Airo™, an AI Workspace that Accelerates and Scales Enterprise AI on Microsoft Azure

  • H.I.G. Capital Completes Acquisition of Quisitive

  • Quisitive Shareholders Approve Acquisition by H.I.G. Capital

  • Independent Proxy Advisory Firms Recommend Quisitive Shareholders Vote for the Proposed Acquisition by H.I.G. Capital

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

  • Quisitive Technology price target raised to C$0.57 from C$0.54 at Raymond James

  • Quisitive Technology downgraded to Sector Perform from Outperform at Scotiabank

  • Quisitive to be Acquired by H.I.G. Capital

  • Quisitive Technology Solutions, Inc. (QUISF) Q3 2024 Earnings Call Transcript

  • Quisitive Reports Third Quarter 2024 Financial Results

  • Quisitive Sets Third Quarter 2024 Earnings Call for Monday, November 25, 2024 at 5:00 p.m. ET

  • Quisitive to Present at the 2024 Gateway Conference on September 4 at 12:00 p.m. Pacific Time

  • Quisitive Technology Solutions, Inc. (QUISF) Q2 2024 Earnings Call Transcript

  • Quisitive Reports Second Quarter 2024 Financial Results

  • Quisitive Sets Second Quarter 2024 Earnings Call for Tuesday, August 20, 2024 at 5:00 p.m. ET

  • Quisitive Recognized as the Winner of 2024 Microsoft Analytics Partner of the Year

  • Quisitive Recognized as Board International's Solution Partner of the Year for Second Year in a Row

  • Quisitive Technology Solutions, Inc. (QUISF) Q1 2024 Earnings Call Transcript

  • Quisitive Reports First Quarter 2024 Financial Results

  • Quisitive Sets First Quarter 2024 Earnings Call for Wednesday, May 22, 2024 at 5:00 p.m. ET