Converge Technology Solutions Past Earnings Performance
Past criteria checks 0/6
Converge Technology Solutions has been growing earnings at an average annual rate of 54.8%, while the IT industry saw earnings growing at 14.2% annually. Revenues have been growing at an average rate of 34.6% per year.
Key information
54.8%
Earnings growth rate
64.7%
EPS growth rate
| IT Industry Growth | 22.4% |
| Revenue growth rate | 34.6% |
| Return on equity | -1.0% |
| Net Margin | -0.05% |
| Next Earnings Update | 09 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Converge Technology Solutions makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 2,705 | -1 | 545 | 0 |
| 30 Sep 23 | 2,695 | -11 | 534 | 0 |
| 30 Jun 23 | 2,499 | 12 | 511 | 0 |
| 31 Mar 23 | 2,349 | 27 | 470 | 0 |
| 31 Dec 22 | 2,165 | 27 | 419 | 0 |
| 30 Sep 22 | 1,831 | 37 | 374 | 0 |
| 30 Jun 22 | 1,683 | 21 | 329 | 0 |
| 31 Mar 22 | 1,514 | 10 | 289 | 0 |
| 31 Dec 21 | 1,330 | 16 | 257 | 0 |
| 30 Sep 21 | 1,312 | 10 | 224 | 0 |
| 30 Jun 21 | 1,135 | 6 | 195 | 0 |
| 31 Mar 21 | 1,017 | 1 | 182 | 0 |
| 31 Dec 20 | 949 | -4 | 178 | 0 |
| 30 Sep 20 | 874 | -4 | 171 | 0 |
| 30 Jun 20 | 829 | -11 | 162 | 0 |
| 31 Mar 20 | 759 | -9 | 149 | 0 |
| 31 Dec 19 | 688 | -11 | 134 | 0 |
| 30 Sep 19 | 609 | -17 | 116 | 0 |
| 30 Jun 19 | 565 | -16 | 108 | 0 |
| 31 Mar 19 | 510 | -20 | 94 | 0 |
| 31 Dec 18 | 459 | -18 | 76 | 0 |
| 30 Sep 18 | 376 | -18 | 61 | 0 |
| 30 Jun 18 | 276 | -11 | 40 | 0 |
| 31 Mar 18 | 173 | -5 | 23 | 0 |
| 31 Dec 17 | 53 | -4 | 11 | 0 |
Quality Earnings: CTSD.F is currently unprofitable.
Growing Profit Margin: CTSD.F is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CTSD.F is unprofitable, but has reduced losses over the past 5 years at a rate of 54.8% per year.
Accelerating Growth: Unable to compare CTSD.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CTSD.F is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (1.9%).
Return on Equity
High ROE: CTSD.F has a negative Return on Equity (-1.04%), as it is currently unprofitable.