08:43 AM EST, 02/10/2025 (MT Newswires) -- Converge Technology Solutions Corp. ( CTSDF ) , which saw its stock jump more than 50% last Friday, on Monday announced preliminary results for the fourth quarter and fiscal year ended December 31, 2024.

Among Q4-2024 preliminary results, gross sales is expected to be approximately $1.1 billion, an increase of 2.5% year-over-year, and revenue is expected to be approximately $680.8 million, an increase of 4.6% year-over-year. Adjusted EBITDA is expected to be approximately $47.9 million, an increase of 3.0% year-over-year.

Among fiscal 2024 preliminary results, gross sales is expected to be approximately $4.1 billion, an increase of 2.1% year-over-year, and revenue is expected to be approximately $2.6 billion, a decline of 4.2% year-over-year. Adjusted EBITDA is expected to be approximately $167.3 million, a decline of 1.7% year-over-year

CTS was up $1.88 or 53% last Friday.