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Dec 31, 2022
Climb Global Solutions Q4 2022 Earnings Report
Climb Global Solutions' Q4 2022 results were reported, showing increases in net sales, adjusted gross billings, gross profit, net income, and adjusted EBITDA.
Key Takeaways
Climb Global Solutions reported an 18% increase in net sales, reaching $88.9 million, a 22% increase in adjusted gross billings reaching $319.8 million, a 28% increase in gross profit reaching $16.1 million, and a 38% increase in net income reaching $4.8 million, or $1.06 per diluted share, and a 44% increase in Adjusted EBITDA reaching $7.4 million for Q4 2022.
Net sales increased 18% to $88.9 million.
Adjusted gross billings increased 22% to $319.8 million.
Gross profit increased 28% to $16.1 million.
Net income increased 38% to $4.8 million or $1.06 per diluted share.
Climb Global Solutions
Climb Global Solutions
Forward Guidance
Climb Global Solutions expects to deliver another record year of growth and profitability in 2023.