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 |