Nov 15 2021 = $27.50 sp,,, Nov 15 2022 = $5.75,,, Even with rising rates and WACC, and decrease in multiples from analysts. The move back up when rates pause and money on the side re-enters has to be huge. I can't see how this level today makes any sense.
""Adjusted EBITDA1 was $10.74 million in the first fiscal quarter of 2023, compared to $10.09 million for the same period of the prior year, and was approximately 17% of sales, the same ratio as existed in the most recently completed quarter
Net loss for the first quarter was $1.98 million as compared to $2.30 million for the first quarter of fiscal 2022.
Sangoma continues to maintain a healthy balance sheet, finishing the quarter with a cash balance of $8.29 million on September 30, 2022, generates positive Adjusted Cash Flow1, and remains comfortably within its debt covenants.
Outlook for fiscal year 2023
The Company is maintaining its outlook for the fiscal 2023 year. We expect to generate revenue of between $275 and $285 million, and Adjusted EBITDA to be in a range of $48 to $52 million.""