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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 retiredcfon May 11, 2024 6:16am
193 Views
Post# 36035016

Assessment

AssessmentEPS of -4c matched estimates. Sales of $61M were marginally lower (0.19%) than expected. EBITDA of $11.15M were 3.7% better than estimates. Debt is down about $10M from the fiscal year end. Revenue did decline 3%. But operating cash flow rose 121%. Service revenue is now 82% of total. Guidance was mostly affirmed, but 'tightened up' within a narrow range. The CEO said he was 'exceptionally pleased'. The stock has had a good run. The quarter was not perfect, and we would likely to see sales growth, of course. But there are encouraging signs here, nonetheless and the company is getting things back under control. (5iResearch)
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