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Converge Technology Solutions Corp ( (TSE:CTS) ) has provided an announcement.
Converge Technology Solutions Corp. announced preliminary financial results for Q4 and fiscal year 2024, indicating a mixed performance. While there was a year-over-year increase in gross sales and adjusted EBITDA for the fourth quarter, the company faced a significant loss before income taxes due to impairment charges related to its investments, notably in Portage CyberTech Inc. and its German segment.
More about Converge Technology Solutions Corp
Converge Technology Solutions Corp. is a company in the technology solutions industry, providing a range of services and products. Its market focus includes sectors such as cloud, cybersecurity, and managed services.
YTD Price Performance: 59.12%
Average Trading Volume: 747,247
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.02B
For a thorough assessment of CTS stock, go to TipRanks’ Stock Analysis page.
