Converge Technology Solutions Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was CAD 665.81 million compared to CAD 515.2 million a year ago. Net loss was CAD 3.55 million compared to net income of CAD 12.02 million a year ago. Basic loss per share from continuing operations was CAD 0.02 compared to basic earnings per share from continuing operations of CAD 0.05 a year ago. Diluted loss per share from continuing operations was CAD 0.02 compared to diluted earnings per share from continuing operations of CAD 0.05 a year ago.
For the six months, revenue was CAD 1,344.01 million compared to CAD 1,009.24 million a year ago. Net loss was CAD 5.51 million compared to net income of CAD 10.22 million a year ago. Basic loss per share from continuing operations was CAD 0.03 compared to basic earnings per share from continuing operations of CAD 0.05 a year ago. Diluted loss per share from continuing operations was CAD 0.03 compared to diluted earnings per share from continuing operations of CAD 0.05 a year ago.