Sangoma Technologies Corp T.STC

Alternate Symbol(s): SANG

Technology Communication Equipment

Sangoma Technologies Corporation is a provider of managed cloud-based communications and technology solutions for businesses worldwide. The Company offers a comprehensive suite of cloud-native communication solutions, including software, endpoints, and connectivity services. It offers a complete set of cloud communications services, flexible deployment options including cloud and on-premises, and customer service. The Company’s solutions include communication services, phone and devices, network connectivity, and MSP services. It delivers hosted phone services for contact centers, small businesses, and other organizations looking to the Cloud for managing their business communications. It provides desk phones, headset, and DECT phones. Its network connectivity solutions include voice over Internet protocol (VoIP) gateways, Session Border Controller (SBC), and telephony cards. The Company also provides open-source communications software.

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Sangoma Technologies Corp

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Post by retiredcfon Jul 21, 2023 11:51am

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Post# 35551604

Donville/Kent

STC is one of the five companies mentioned in their July report. GLTA

Sangoma (STC)
- We recently had a call with Sangoma’s Chairman and Interim CEO.
- In their most recent quarter, they reported 18% revenue growth with service revenue growing 37% and EBITDA margins of 19.4%. Their SaaS revenue grew 10% organically and now represents 81% of revenue.
- They are well along the path of bringing on a new CEO who should be able to improve communication to the market plus have the experience of running a business at a much more significant scale than where Sangoma is now.
- Their team and market data confirm that growth and margins should remain strong. They don’t see erosion from a margin perspective going forward and they aim for 10% organic growth but most likely can do better than that.
- The stock is currently trading on 3x EBITDA, roughly 4x cash earnings, and seems to have bottomed around the $5/share level.