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Sangoma Technologies Corporation - $SANG STOCK NEWS

Welcome to our dedicated page for Sangoma Technologies Corporation news (Ticker: $SANG), a resource for investors and traders seeking the latest updates and insights on Sangoma Technologies Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sangoma Technologies Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) announced Q1 FY2024 financial results, with Services revenue reaching a record 81.1% of total revenue at $51.16 million. Total revenue decreased by 2% from the prior year, with net loss at $(2,444) and adjusted EBITDA at $9,882. CEO Charles Salameh expressed confidence in Sangoma's market position and transformational activities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.29%
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Rhea-AI Summary
Sangoma Technologies Corporation is set to release its first quarter fiscal 2024 results on November 8, 2023. The company will also host a conference call to discuss the results.
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Rhea-AI Sentiment
End-of-Day
1.4%
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Rhea-AI Summary
Sangoma Technologies Corporation announced its fourth quarter financial results and audited consolidated financial statements for the fiscal year ended June 30, 2023. Revenue for Q4 FY2023 was $63.68 million, a decrease of 4% from the prior year. Annual revenue for FY2023 was $252.53 million, a 13% increase over the prior fiscal year. Adjusted EBITDA for the quarter was $10.86 million, representing about 17% of revenue. Net loss for the quarter was $23.63 million, and for the year was $29.03 million, affected by a one-time non-cash goodwill impairment charge of $22.51 million. Operating expenses for the fiscal year were $175.74 million, up by about 8% from last year. The Company will be suspending the issuance of forward-looking earnings guidance for fiscal 2024.
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Rhea-AI Sentiment
End-of-Day
-16.03%
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Rhea-AI Summary
Sangoma Technologies expects to release Q4 and FY 2023 results on September 27, 2023, and will host a conference call to discuss the results.
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Rhea-AI Sentiment
End-of-Day
-3.94%
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Rhea-AI Summary
Sangoma appoints Jeremy Wubs as COO, highlighting focus on revenue growth and operational efficiency.
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2.27%
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-0.84%
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0.28%
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-1.96%
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-7.32%
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Rhea-AI Sentiment
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-3.89%
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Sangoma Technologies Corporation

Nasdaq:SANG

SANG Rankings

SANG Stock Data

192.66M
25.79M
20.93%
36.17%
0.01%
Telephone Apparatus Manufacturing
Manufacturing
Link
United States of America
Markham

About SANG

sangoma technologies corporation, is a trusted leader in delivering globally scalable voice-over-ip telephony systems, both on-site and cloud-based. as the communication landscape evolves and businesses invest in new strategies to provide effective communications, sangoma technologies is your trusted partner; delivering unified communications solutions for smbs, enterprises, oems, carriers, and service providers. sangoma’s globally scalable offerings include both on-site and cloud-based business communication systems, sip trunking, ip phones, gateways, session border controllers and telecom interface cards. together, these provide seamless connectivity between traditional infrastructure and new technologies. businesses can achieve enhanced levels of collaboration, productivity and roi by partnering with sangoma. everything connects when you connect with sangoma! founded in 1984, sangoma technologies corporation is publicly traded on the tsx venture exchange (tsx venture: stc). addition