Convergeone Holdings, Inc. (CVON) 10K Annual Reports & 10Q SEC Filings

EAGAN, Minn., October 30, 2018 — ConvergeOne Holdings, Inc. (NASDAQ: CVON) (“ConvergeOne” or the “Company”), a leading global IT services provider of collaboration and technology solutions, today announced financial results for the third quarter ended September 30, 2018.

Third Quarter 2018 Highlights:

•

Total revenue of $404.8 million, an increase of 64.9% year-over-year.

•

Services revenue of $211.2 million, accounting for 52.2% of total revenue.

•

Collaboration revenue of $264.6 million, accounting for 65.4% of total revenue.

•

GAAP net income, before the presentation effect of earnout consideration, of $14.5 million. GAAP net loss to common shareholders of $48.5 million, including the presentation effect of $(63.0) million of earnout consideration. ⁽¹⁾

•

Adjusted EBITDA per credit agreement of $47.6 million, an increase of 52.6% year-over-year.

•

Adjusted net income of $27.9 million, Adjusted earnings per diluted share (“Adjusted EPS”) of $0.31.

“We are pleased with our third quarter results, which outperformed our expectations and reflect strong execution across the board including robust growth of our Services and Collaboration revenues and ongoing realization of synergies from recent acquisitions,” said John A. McKenna Jr., Chairman and CEO, ConvergeOne. “We are increasing our 2018 guidance range reflecting strong results, good growth in our pipeline and backlog, the impact of our acquisition of Advantel Networks, and increased visibility into the rest of the year.”

Third Quarter 2018 Financial Results:

Total revenue for the quarter ended September 30, 2018 was $404.8 million compared to $245.4 million in the third quarter of 2017.

Services revenue for the third quarter of 2018 was $211.2 million, an increase of 69.8% compared to $124.4 million in the third quarter of 2017. Services revenue accounted for 52.2% of total revenue compared to 50.7% in the third quarter of 2017.

Technology Offerings revenue for the third quarter of 2018 was $193.5 million, an increase of 59.9% compared to $121.0 million in the third quarter of 2017.

The following information was filed by Convergeone Holdings, Inc. (CVON) on Tuesday, October 30, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

Please wait while we load the requested 10-Q report or click the link below:

https://last10k.com/sec-filings/report/1697152/000119312518317238/d632094d10q.htm

View differences made from one quarter to another to evaluate Convergeone Holdings, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Convergeone Holdings, Inc..

Continue

Assess how Convergeone Holdings, Inc.'s management team is paid from their Annual Proxy

Convergeone Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Convergeone Holdings, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: CVON
CIK: 1697152
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-18-317238
Submitted to the SEC: Fri Nov 02 2018 4:38:25 PM EST
Accepted by the SEC: Fri Nov 02 2018
Period: Sunday, September 30, 2018
Industry: Prepackaged Software

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/cvon/0001193125-18-317238.htm

Convergeone Holdings, Inc. (CVON) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

SEC Filings

CVON Valuations

CVON Quarterly Reports

CVON Corporate News