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Pivot Technology Solutions, Inc. (T:PTG)

Business Focus: IT Services & Consulting

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Sector:  Technology Industry:  IT Services & Consulting
 
See Regulatory Filings on SEDAR
Company Contact
Address: 55 Renfrew Dr Suite 200
MARKHAM ON L3R 8H3
Tel: N/A
Website: www.pivotts.com
IR: See website
Key People
N/A    
Business Overview
Pivot Technology Solutions, Inc. focuses on the strategy to acquire and integrate technology solution providers, primarily in North America. The businesses acquired by the Company designs, sells and supports integrated computer hardware, software and networking products for business database, network and network security systems. The Company primarily serves customers throughout the United States. The Company, together with its portfolio companies and partners, delivers solutions that enable organizations to design, build, implement and maintain computing and communication infrastructure that addresses their business needs. The Company enables businesses to extend their enterprise through mobility solutions to better connect business partners and customers. The Company's subsidiaries include Pivot Acquisition Corporation, ACS Holdings (Canada) Inc., Pivot Technology Solutions, Ltd., Pivot Research Ltd., Pivot Shared Services Ltd., Pivot of the Americas (POTA) and ACS (US) Inc.
Financial Overview
For the three months ended 31 March 2019, Pivot Technology Solutions Inc revenues decreased 20% to $295.6M. Net loss increased 45% to $3.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Depreciation and amortization increase of 32% to $3.8M (expense), Finance expense increase of 27% to $1.7M (expense).
Employees: 770 as of Dec 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: $185.31M as of Mar 31, 2019
Annual revenue (TTM): $1,726M as of Mar 31, 2019
EBITDA (TTM): $20.07M as of Mar 31, 2019
Net annual income (TTM): -$7.58M as of Mar 31, 2019
Free cash flow (TTM): $6.55M as of Mar 31, 2019
Net Debt Last Fiscal Year: $207.76M as of Mar 31, 2019
Shares outstanding: 39,472,032 as of Mar 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization