Converge Technology Solutions Corp (TSX:CTS)
C$ 5.25 -0.14 (-2.6%) Market Cap: 1.05 Bil Enterprise Value: 1.18 Bil PE Ratio: 0 PB Ratio: 1.89 GF Score: 87/100
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Converge Technology Solutions Corp at SNN Planet MicroCap Showcase (Virtual) Transcript

Apr 21, 2021 / 01:00PM GMT
Release Date Price: C$5.37 (+3.27%)
Operator

Good morning, and welcome to Converge Technology webcast as part of the Planet MicroCap Showcase. It is now my pleasure to turn the floor over to your host, Shaun Maine.

Shaun Peter Maine
Converge Technology Solutions Corp. - CEO & Director

Thank you. Let's get the slide presentation move over here. So Converge Technology Solutions is a hybrid IT solution provider, we buy VARs, value-added resellers that are selling hardware, software and services into data centers, and we turn them into cloud service providers, selling analytics, cybersecurity, managed services and DevOps.

We are around -- according to the analyst, around $1.5 billion run rate revenue, around $100 million of EBITDA, with around CAD 900 million market cap. We've grown our earnings, our adjusted EBITDA by 90% every year that we've been around. So we've bought 19 companies in 3.5 years and integrated them. And our first year, we were notable earnings, then we went to 15.7% then 31.7% and 60.5% this year. So impressive growth rates.

We've been a public company for 2.5 years

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