Stocks in play: Converge Technology Solutions Corp.
Provided its financial results for the three months ended December 31, 2023. All figures are in Canadian dollars unless otherwise stated. Gross sales of $1.08 billion, an increase of $121.9 million or 12.7%. Revenue of $651.1 million, an increase of $10.2 million; Gross profit increased 7.5% to $181.5 million representing a gross margin of 27.9%; Adjusted EBITDA increased 8.0% to $46.5 million; Net income of $4.8 million, an increase of $9.4 million. Converge Technology Solutions Corp. shares T.CTS are trading up $0.04 at $4.92.
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