{"id":388068,"date":"2020-11-24T16:08:32","date_gmt":"2020-11-24T21:08:32","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=388068"},"modified":"2020-11-24T16:08:32","modified_gmt":"2020-11-24T21:08:32","slug":"quisitive-reports-third-quarter-2020-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/quisitive-reports-third-quarter-2020-financial-results\/","title":{"rendered":"Quisitive Reports Third Quarter 2020 Financial Results"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n 152% Revenue Growth and 272% Adjusted EBITDA Growth for Q3 2020 versus Q3 2019<\/b>\n <\/p>\n

\n TORONTO<\/span>, Nov. 24, 2020<\/span> \/PRNewswire\/ —\u00a0Quisitive Technology Solutions Inc.<\/b><\/a>\u00a0(“Quisitive” or the “Company”) (TSXV: QUIS), <\/b>a premier Microsoft Solutions Provider, today reported financial results for the third quarter ended September 30, 2020<\/span>.<\/p>\n

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\n \"Quisitive
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\n Management Commentary<\/b>
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“Our performance for the third quarter was strong, especially given the headwinds and challenges from the global pandemic, demonstrating the resiliency of our business,” said Quisitive CEO Mike Reinhart<\/span>. “Operationally, our execution on our strategic initiatives during Q3 is reflected by our expanded relationship with Microsoft, increased number of partnerships with customers on the cloud solutions front, and the continued progress towards the general availability of LedgerPay, our cloud-based payment processing platform, in early 2021. Additionally, as we continue to navigate these unprecedented times, we remain focused on our M&A roadmap, looking for synergistic businesses with the right valuation metrics that further augment our cloud solutions offerings and technological capabilities. In conjunction with our operations, we also remain in a strong position financially, as we have ample cash on the balance sheet and enough flexibility to support our working capital and growth initiatives going forward. With the cloud solutions and fintech markets constantly growing, we are well positioned to capitalize on the opportunity through both organic and M&A growth.”<\/p>\n

\n Third Quarter 2020 Financial Results<\/b>
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\n The Company’s unaudited financial statements for the quarter ended September 30, 2020<\/span> and related management’s discussion and analysis can be found on the Company’s website and on the Company’s issuer profile on SEDAR at\u00a0www.sedar.com. All figures are expressed in United States<\/span> dollars unless otherwise stated<\/i>.<\/p>\n