Converge Historical Income Statement

CTS Stock

CAD 3.36 0.06 1.82%

Historical analysis of Converge Technology income statement accounts such as Interest Expense of 43.3 M, Other Operating Expenses of 2.8 B or Operating Income of 28.1 M can show how well Converge Technology Solutions performed in making a profits. Evaluating Converge Technology income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Converge Technology's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Converge Technology latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Converge Technology is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Converge Technology Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Converge Income Statement Analysis

Converge Technology Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Converge Technology shareholders. The income statement also shows Converge investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Converge Technology Income Statement Chart

At this time, Converge Technology's Total Revenue is very stable compared to the past year. As of the 29th of November 2024, EBITDA is likely to grow to about 174.9 M, while Operating Income is likely to drop about 28.1 M.

Depreciation And Amortization Total Operating Expenses Income Before Tax Selling General Administrative Total Other Income Expense Net

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Converge Technology income statement and is an important metric when analyzing Converge Technology profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most accounts from Converge Technology's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Converge Technology current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Converge Technology Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Gross Profit	345.7M	550.8M	591.4M	311.6M
Total Revenue	1.5B	2.2B	2.7B	2.8B

Gross Profit Total Revenue

Converge Technology income statement Correlations

	Depreciation And Amortization	Other Operating Expenses	Operating Income	Total Operating Expenses	Income Before Tax	Net Income	Tax Provision	Interest Income	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Net Income From Continuing Ops	Ebit	Ebitda	Cost Of Revenue	Reconciled Depreciation	Total Other Income Expense Net	Income Tax Expense	Net Interest Income	Minority Interest	Research Development
Depreciation And Amortization		0.98	0.77	0.97	-0.14	0.4	-0.78	-0.13	0.99	-0.28	0.98	0.87	0.26	0.79	0.98	0.98	1.0	-0.95	-0.88	-0.95	0.59	0.84
Other Operating Expenses	0.98		0.86	1.0	-0.02	0.46	-0.65	0.01	1.0	-0.2	1.0	0.93	0.33	0.88	0.99	1.0	0.98	-0.98	-0.79	-0.91	0.5	0.75
Operating Income	0.77	0.86		0.88	0.41	0.74	-0.32	0.15	0.84	-0.15	0.86	0.96	0.67	1.0	0.88	0.85	0.78	-0.84	-0.48	-0.66	0.03	0.41
Total Operating Expenses	0.97	1.0	0.88		0.01	0.5	-0.65	0.01	1.0	-0.2	1.0	0.94	0.37	0.9	1.0	1.0	0.98	-0.98	-0.79	-0.91	0.44	0.72
Income Before Tax	-0.14	-0.02	0.41	0.01		0.82	0.56	-0.01	-0.06	-0.32	-0.02	0.18	0.9	0.39	0.03	-0.03	-0.13	0.14	0.51	0.33	-0.67	-0.5
Net Income	0.4	0.46	0.74	0.5	0.82		-0.01	-0.23	0.44	-0.5	0.46	0.59	0.99	0.73	0.52	0.45	0.4	-0.35	-0.06	-0.2	-0.35	-0.01
Tax Provision	-0.78	-0.65	-0.32	-0.65	0.56	-0.01		0.35	-0.7	0.18	-0.65	-0.5	0.15	-0.34	-0.67	-0.66	-0.77	0.7	0.97	0.83	-0.66	-0.84
Interest Income	-0.13	0.01	0.15	0.01	-0.01	-0.23	0.35		-0.02	0.59	0.0	0.08	-0.17	0.13	-0.04	0.0	-0.12	-0.11	0.19	-0.05	-0.13	-0.24
Selling General Administrative	0.99	1.0	0.84	1.0	-0.06	0.44	-0.7	-0.02		-0.22	1.0	0.92	0.31	0.86	1.0	1.0	0.99	-0.98	-0.82	-0.93	0.52	0.78
Selling And Marketing Expenses	-0.28	-0.2	-0.15	-0.2	-0.32	-0.5	0.18	0.59	-0.22		-0.21	-0.17	-0.45	-0.16	-0.25	-0.21	-0.27	0.04	0.09	0.18	-0.15	-0.26
Total Revenue	0.98	1.0	0.86	1.0	-0.02	0.46	-0.65	0.0	1.0	-0.21		0.93	0.34	0.88	1.0	1.0	0.98	-0.97	-0.79	-0.91	0.5	0.75
Gross Profit	0.87	0.93	0.96	0.94	0.18	0.59	-0.5	0.08	0.92	-0.17	0.93		0.49	0.96	0.93	0.92	0.88	-0.92	-0.65	-0.8	0.25	0.63
Net Income From Continuing Ops	0.26	0.33	0.67	0.37	0.9	0.99	0.15	-0.17	0.31	-0.45	0.34	0.49		0.66	0.4	0.32	0.25	-0.22	0.1	-0.05	-0.45	-0.15
Ebit	0.79	0.88	1.0	0.9	0.39	0.73	-0.34	0.13	0.86	-0.16	0.88	0.96	0.66		0.9	0.87	0.8	-0.85	-0.5	-0.69	0.06	0.43
Ebitda	0.98	0.99	0.88	1.0	0.03	0.52	-0.67	-0.04	1.0	-0.25	1.0	0.93	0.4	0.9		0.99	0.98	-0.97	-0.79	-0.9	0.45	0.73
Cost Of Revenue	0.98	1.0	0.85	1.0	-0.03	0.45	-0.66	0.0	1.0	-0.21	1.0	0.92	0.32	0.87	0.99		0.98	-0.97	-0.79	-0.91	0.51	0.76
Reconciled Depreciation	1.0	0.98	0.78	0.98	-0.13	0.4	-0.77	-0.12	0.99	-0.27	0.98	0.88	0.25	0.8	0.98	0.98		-0.96	-0.87	-0.95	0.59	0.83
Total Other Income Expense Net	-0.95	-0.98	-0.84	-0.98	0.14	-0.35	0.7	-0.11	-0.98	0.04	-0.97	-0.92	-0.22	-0.85	-0.97	-0.97	-0.96		0.84	0.94	-0.47	-0.75
Income Tax Expense	-0.88	-0.79	-0.48	-0.79	0.51	-0.06	0.97	0.19	-0.82	0.09	-0.79	-0.65	0.1	-0.5	-0.79	-0.79	-0.87	0.84		0.92	-0.66	-0.87
Net Interest Income	-0.95	-0.91	-0.66	-0.91	0.33	-0.2	0.83	-0.05	-0.93	0.18	-0.91	-0.8	-0.05	-0.69	-0.9	-0.91	-0.95	0.94	0.92		-0.65	-0.86
Minority Interest	0.59	0.5	0.03	0.44	-0.67	-0.35	-0.66	-0.13	0.52	-0.15	0.5	0.25	-0.45	0.06	0.45	0.51	0.59	-0.47	-0.66	-0.65		0.86
Research Development	0.84	0.75	0.41	0.72	-0.5	-0.01	-0.84	-0.24	0.78	-0.26	0.75	0.63	-0.15	0.43	0.73	0.76	0.83	-0.75	-0.87	-0.86	0.86

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Converge Technology Account Relationship Matchups

Converge Technology income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	17.9M	26.6M	39.6M	80.1M	120.0M	126.0M
Interest Expense	16.0M	19.7M	7.8M	19.9M	41.2M	43.3M
Other Operating Expenses	676.2M	919.1M	1.5B	2.1B	2.7B	2.8B
Operating Income	17.9M	24.4M	48.1M	71.0M	46.6M	28.1M
Total Operating Expenses	150.0M	203.3M	295.6M	496.8M	544.8M	572.1M
Income Before Tax	(12.8M)	(2.5M)	24.0M	18.8M	(18.6M)	(17.6M)
Net Income Applicable To Common Shares	(10.8M)	(4.2M)	15.9M	27.3M	31.4M	32.9M
Net Income	(10.8M)	(4.2M)	16.4M	27.3M	(1.4M)	(1.4M)
Tax Provision	(1.9M)	1.7M	7.6M	(4.1M)	(12.2M)	(11.6M)
Interest Income	16.0M	19.7M	7.8M	279K	320.9K	304.8K
Selling General Administrative	134.9M	181.4M	259.5M	421.9M	544.8M	572.1M
Selling And Marketing Expenses	2.1M	416K	339K	245K	220.5K	209.5K
Total Revenue	687.8M	948.8M	1.5B	2.2B	2.7B	2.8B
Gross Profit	161.6M	233.0M	345.7M	550.8M	591.4M	311.6M
Net Income From Continuing Ops	(10.8M)	(4.2M)	16.4M	22.8M	(6.4M)	(6.1M)
Ebit	17.9M	24.9M	48.1M	71.0M	46.6M	32.7M
Ebitda	35.8M	51.5M	87.7M	151.1M	166.6M	174.9M
Cost Of Revenue	526.2M	715.8M	1.2B	1.6B	2.1B	2.2B
Reconciled Depreciation	17.9M	27.0M	39.6M	80.1M	120.0M	126.0M
Total Other Income Expense Net	(30.6M)	(26.9M)	(24.1M)	(52.2M)	(65.2M)	(61.9M)
Income Tax Expense	(1.9M)	1.7M	7.6M	(4.1M)	(12.2M)	(11.6M)
Net Interest Income	(16.0M)	(23.4M)	(9.2M)	(23.2M)	(41.2M)	(39.2M)

Pair Trading with Converge Technology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Converge Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Converge Technology will appreciate offsetting losses from the drop in the long position's value.

Moving against Converge Stock

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0.66	JPM	JPMorgan Chase	Pair Corr
0.62	GOOG	Alphabet CDR	Pair Corr
0.62	TD-PFD	Toronto Dominion Bank Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Converge Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Converge Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Converge Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Converge Technology Solutions to buy it.

The correlation of Converge Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Converge Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Converge Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Converge Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Converge Stock

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Converge Historical Income Statement

About Converge Income Statement Analysis

Converge Technology Income Statement Chart

Depreciation And Amortization

Total Operating Expenses

Income Before Tax

Converge Technology income statement Correlations

Converge Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Converge Technology income statement Accounts

Pair Trading with Converge Technology

Moving against Converge Stock

Other Information on Investing in Converge Stock

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Reconciled Depreciation	+ 1.0	Depreciation And Amortization
Total Operating Expenses	+ 1.0	Other Operating Expenses
Selling General Administrative	+ 1.0	Other Operating Expenses
Total Revenue	+ 1.0	Other Operating Expenses
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income

Total Other Income Expense Net	- 0.98	Selling General Administrative
Total Other Income Expense Net	- 0.98	Total Operating Expenses
Total Other Income Expense Net	- 0.98	Other Operating Expenses
Total Other Income Expense Net	- 0.97	Cost Of Revenue
Total Other Income Expense Net	- 0.97	Ebitda
Total Other Income Expense Net	- 0.97	Total Revenue