Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Sangoma Technologies Corp T.STC

Alternate Symbol(s):  SANG

Sangoma Technologies Corporation is engaged in delivering cloud-based communications as a service solution for companies of all sizes. The Company is a business communications platform provider with solutions that include its unified communications as a service (UCaaS), contact center as a service (CCaaS), communications platform as a service (CPaaS), and trunking technologies. Its enterprise-grade communications suite is developed in-house and available for cloud, hybrid, or on-premises setups. Additionally, the Company provides managed services for connectivity, network, and security. It offers hardware and software components that enable or enhance Internet protocol communications systems for both telecom and datacom applications. Its product line includes data and telecom boards for media and signal processing, as well as gateway appliances and software. Its phones and devices include voice over Internet protocol (VoIP) hardware, headsets, telephony cards, and accessories.


TSX:STC - Post by User

Post by mingzhuon May 13, 2023 8:59am
291 Views
Post# 35446790

interest payment will increase

interest payment will increase "Credit facilities increased to help pay for the NetFortris earnout. Subsequent to quarter-end, Sangoma upsized its revolving credit facility (from $6mm to $20mm) and swingline credit facility ($1.5mm to $5mm) on April 6. On April 23, the company drew down $8.6mm from its revolver to pay the $5.5mm earnout for NetFortris. Although NetFortris has seen solid growth in net bookings (the criteria for the earnout), it was not able to hit the elevated targets to achieve the full $11.5mm maximum earnout payment. The remaining amount drawn down was used to cover costs related to the accelerated Star2Star share iss"
<< Previous
Bullboard Posts
Next >>