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BRIEF-Converge Technology Solutions Provides Preliminary Full Year And Q4 2019 Financial Results And Announces Appointment Of Interim CFO

Published 2020-01-31, 08:09 a/m
BRIEF-Converge Technology Solutions Provides Preliminary Full Year And Q4 2019 Financial Results And Announces Appointment Of Interim CFO

Jan 31 (Reuters) - Converge Technology Solutions Corp CTS.V :

* CONVERGE TECHNOLOGY SOLUTIONS PROVIDES PRELIMINARY FULL YEAR AND Q4 2019 FINANCIAL RESULTS AND ANNOUNCES APPOINTMENT OF INTERIM CFO

* SAYS RON HINKLE APPOINTED INTERIM CFO

* CFO MARY ANNE PALANGIO WILL BE LEAVING TO TAKE A CFO POST WITH CANADIAN SECURITIES EXCHANGE

* RON HINKLE IS CURRENTLY US CFO OF CONVERGE

* SEES FY 2019 REVENUE ABOUT C$683 MILLION TO C$698 MILLION

* SEES Q4 REVENUE ABOUT C$210 MILLION TO C$220 MILLION

* Q4 GROSS PROFIT IS EXPECTED TO BE APPROXIMATELY C$52 - C$55 MILLION

* EXPECTS TO REPORT ADJUSTED EBITDA FOR Q4 OF ABOUT C$10 - C$12 MILLION

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