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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 six months ended 30 June 2019, Pivot Technology Solutions Inc revenues decreased 15% to $641.3M. Net loss decreased 13% to $2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Selling and administrative - Balancing v decrease of 25% to $11.5M (expense), Contingent consideration decrease of 22% to $440K (expense).
Employees: 770 as of Dec 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: $190.03M as of Jun 30, 2019
Annual revenue (TTM): $1,676M as of Jun 30, 2019
EBITDA (TTM): $25.60M as of Jun 30, 2019
Net annual income (TTM): -$5.71M as of Jun 30, 2019
Free cash flow (TTM): $99.67M as of Jun 30, 2019
Net Debt Last Fiscal Year: $159.11M as of Jun 30, 2019
Shares outstanding: 39,473,032 as of Jun 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization