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Sep 30, 2022
Climb Global Solutions Q3 2022 Earnings Report
Net sales increased by 11% year-over-year to $76.3 million, with adjusted EBITDA growing by 17% to $4.9 million.
Key Takeaways
Climb Global Solutions reported an 11% increase in net sales to $76.3 million for the third quarter of 2022, with adjusted EBITDA increasing by 17% to $4.9 million. The company's growth was driven by organic expansion from new and existing vendors, along with the acquisition of Spinnakar.
Net sales increased 11% to $76.3 million.
Adjusted gross billings increased 17% to $264.3 million.
Gross profit increased 19% to $13.5 million.
Adjusted EBITDA increased 17% to $4.9 million.
Climb Global Solutions
Climb Global Solutions
Forward Guidance
Climb Global Solutions anticipates another record year of performance for 2022 and foresees carrying this momentum into 2023, operating under the Climb Global Solutions brand.