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Quisitive Technology Solutions Inc. (V:QUIS)

Business Focus: IT Services & Consulting (NEC)

Sector:  Technology Industry:  IT Services & Consulting
 
Company Contact
Address: 6 Antares Drive, Phase 3, Suite 200
OTTAWA ON K2E 8A9
Tel: N/A
Website: https://quisitive.com
IR: See website
Key People
Michael Reinhart
Chairman of the Board, Chief Executive Officer
Scott Meriwether
Chief Financial Officer, Corporate Secretary
 
Business Overview
Quisitive Technology Solutions, Inc. is a Canada-based global Microsoft partner that harnesses the Microsoft cloud platform and complementary technologies, including custom solutions and first-party offerings, to generate a transformational impact for enterprise customers. The Company's cloud solutions business focuses on helping enterprises move, operate, and innovate in the three Microsoft clouds. Its products include EmPerform, AgeChecker.net, MazikCare, ShopFloor, Velocity Insights, PowerGov, AMS and Spyglass. Its managed services include Azure management services, data and artificial intelligence (AI) program, digital workplace program, power platform program, application development program, dynamics program and security program. The Company offers solutions to various industries, such as manufacturing, education, public sector, financial services, healthcare, energy, retail and software.
Financial Overview
For the nine months ended 30 September 2023, Quisitive Technology Solutions Inc revenues decreased 2% to $138M. Net loss increased 89% to $6.5M. Revenues reflect Global Cloud Solutions segment decrease of 12% to $92.7M. Higher net loss reflects Transaction related expenses increase from $723K to $2.9M (expense), Interest expense - Balancing value increase of 61% to $4.6M (expense).
Employees: 684 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $210.31M as of Sep 30, 2023
Annual revenue (TTM): $249.50M as of Sep 30, 2023
EBITDA (TTM): $22.05M as of Sep 30, 2023
Net annual income (TTM): -$15.49M as of Sep 30, 2023
Free cash flow (TTM): $13.07M as of Sep 30, 2023
Net Debt Last Fiscal Year: $91.22M as of Sep 30, 2023
Shares outstanding: 405,627,619 as of Mar 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization