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Wayside Technology Group, Inc. (NASDAQ: WSTG) will hold a conference call on November 10, 2020, at 5:00 p.m. Eastern time to discuss its financial results for Q3 2020. An initial press release will provide results beforehand. Participants are encouraged to call 5-10 minutes early using the toll-free number (844) 683-0552, Conference ID: 1485945. The call will also be available for replay. Wayside Technology is an IT channel company focused on innovative sales and distribution solutions, primarily through its subsidiary, Climb Channel Solutions.
Wayside Technology Group (NASDAQ: WSTG) is set to participate in two key financial conferences in September 2020. The first is the LD Micro 500 Investor Conference on September 3 at 3:20 PM ET, with a webcast available here. The second event is the 9th Annual Gateway Conference on September 9 at 5:00 PM ET, also with a webcast here. Interested parties can contact the company for more information or to schedule meetings. Wayside specializes in IT channel solutions and operates Climb Channel Solutions.
Wayside Technology Group (WSTG) reported a 12% increase in net sales for Q2 2020, reaching $56.6 million, compared to $50.7 million in Q2 2019. However, gross profit fell to $7.1 million from $7.8 million, with net income down to $0.6 million or $0.13 per share, compared to $1.9 million or $0.41 per share a year ago. Cash reserves tripled to $45 million, bolstered by an early-pay discount program. Ongoing integration of Interwork Technologies is progressing favorably. A quarterly dividend of $0.17 per share was declared, payable on August 28, 2020.
Wayside Technology Group (NASDAQ: WSTG) will present at the Sidoti Virtual Microcap Investor Conference on June 30, 2020, at 1:45 p.m. Eastern time. Investors can access the presentation here or via the company’s website. For more information or to schedule a meeting, contact Sidoti or call 1-949-574-3860. Wayside provides IT sales and distribution solutions, notably through its subsidiary, Climb Channel Solutions, which supports emerging technology vendors.
Wayside Technology Group (NASDAQ: WSTG) announced a rebranding of its core Lifeboat Distribution business to Climb Channel Solutions, effective May 18, 2020. CEO Dale Foster highlighted the company's evolution into a sales-focused organization and noted record financial performance due to improved operations and vendor recruitment. The rebrand aims to reflect the company's strategic direction and commitment to supporting vendor and reseller partners. Imperva commended the change as a recognition of Lifeboat's exceptional service as a distribution partner.
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