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Sangoma Technologies Corporation (symbol: SANG) is a leading provider of globally scalable voice-over-IP (VoIP) telephony systems. Established in 1984, Sangoma offers a comprehensive range of communication solutions that cater to small and medium-sized businesses (SMBs), enterprises, original equipment manufacturers (OEMs), carriers, and service providers. The company is publicly traded on the TSX Venture Exchange.
Sangoma's core offerings include both on-site and cloud-based business communication systems, providing organizations with reliable and flexible telephony solutions. Their product portfolio encompasses SIP trunking, IP phones, gateways, session border controllers, and telecom interface cards. These products ensure seamless connectivity between traditional telecom infrastructure and modern IP-based technologies.
In addition to hardware, Sangoma is noted for its robust software components that support voice and data connectivity for various communication applications. Their solutions include Cloud Services, Video Conferencing, Carrier Services, and Business Phone Systems. By integrating these solutions, businesses can achieve higher levels of collaboration, productivity, and return on investment (ROI).
Sangoma's market reach spans several key geographic centers, with the United States being its primary revenue driver. The company also operates in Canada and other foreign countries, thereby establishing a significant global footprint. Their customer-centric approach and innovative solutions make Sangoma a trusted partner for businesses looking to enhance their communication strategies.
Recent achievements include forming strategic partnerships and expanding product lines to adapt to the evolving communication landscape. Sangoma continues to invest in technology that aligns with current business needs, ensuring that clients are equipped with state-of-the-art tools for effective communication.
Universal Display (Nasdaq: OLED) announced the appointment of April E. Walker to its Board of Directors, effective January 1, 2025, expanding the board to 11 members. Walker brings over 30 years of leadership experience from companies including Microsoft, MetLife, NBCUniversal, and Salesforce, with expertise in artificial intelligence, cybersecurity, and digital innovation.
Walker currently serves as a strategic advisor and holds positions at Drexel University Solutions Institute. She has an MBA from MIT Sloan School of Management, specialized certifications in AI and Machine Learning, and an MS in Engineering Management from George Washington University. She also serves on the Board of Sangoma Technologies
Sangoma Technologies (TSX: STC; Nasdaq: SANG) has announced its participation in The Benchmark Company's 13th Annual Discovery One-on-One Investor Conference. The event will take place on December 11th, 2024 at the New York Athletic Club in New York City.
The conference provides a unique platform for emerging growth and dynamic publicly traded companies to connect with institutional and individual investors in a one-on-one format. Charles Salameh, Chief Executive Officer of Sangoma, will be conducting one-on-one meetings with investors and analysts throughout the conference day.
Interested investors and analysts can request meetings with Mr. Salameh through the conference's online registration system.
Sangoma Technologies (TSX: STC; Nasdaq: SANG) held its annual general and special meeting on November 19, 2024, where shareholders voted on key matters. All seven nominated directors were successfully elected with overwhelming support, each receiving over 98% of votes in favor. KPMG LLP was appointed as the company's auditor for fiscal year 2025 with 99.73% approval. Additionally, the Company's Employee Share Purchase Plan was approved with 93.55% of votes in favor.
Sangoma Technologies (TSX: STC; Nasdaq: SANG) has launched its new Pinnacle Partner Program, emphasizing its complete commitment to channel partnerships. The program offers partners and agents enhanced benefits including dedicated in-market support structure (CREWS), quoting concierge desk, tier-based promotions and SPIFFs, and marketing benefits based on tiering.
The initiative, announced by Chief Revenue Officer Monica Walton and US Channel Chief Susan Leveritt, aims to foster joint growth through simplified processes and responsive support. The program includes C-level investment in quarterly business planning and reviews, with a virtual launch event scheduled for November 12th.
Sangoma Technologies (TSX: STC; Nasdaq: SANG) reported Q1 FY2025 results with revenue of $60.2 million, slightly below guidance of $61-62 million, while Adjusted EBITDA reached $9.8 million. Net loss improved to $1.9 million from $2.4 million year-over-year. Operating cash flow increased significantly by 55% to $12.1 million, representing 124% of Adjusted EBITDA. Hurricane Helene impacted Q1 results, causing $0.63 million in delayed orders. The company reduced debt by $8.7 million and maintains its FY2025 guidance of $250-260 million in revenue and $42-46 million in Adjusted EBITDA.
Sangoma Technologies (TSX: STC; Nasdaq: SANG) has scheduled the release of its first quarter fiscal year 2025 financial results after market close on November 6, 2024. The company will host a conference call the same day at 5:30 PM Eastern Time to discuss the results. Investors can join the call using the dial-in number 1-800-806-5484 (International: +1-416-340-2217) with passcode 8503464#. Participants should dial in 5 minutes before the scheduled start time.
Sangoma Technologies (TSX: STC; Nasdaq: SANG) has been included in the 2024 Gartner® Magic Quadrant™ for Unified Communications as a Service, Worldwide report for the tenth consecutive year. Sangoma is one of 11 vendors recognized in the report, which assesses UCaaS providers based on Completeness of Vision and Ability to Execute.
Jeremy Wubs, Chief Operating and Marketing Officer at Sangoma, emphasized the company's commitment to innovation and providing enterprise-level communication tools at competitive prices. Sangoma's internally developed platforms offer flexibility with three types of Unified Communications deployments: cloud, on-premise, and hybrid. The technology's adaptability allows for seamless integration with CX, CPaaS, and CRM systems.
Sangoma Technologies (TSX: STC; Nasdaq: SANG) reported its Q4 and fiscal year 2024 results, achieving guidance targets. Key highlights include:
- FY2024 revenue of $247.3 million, within guided range
- Adjusted EBITDA of $42.6 million, meeting expectations
- 67% year-over-year increase in net cash from operating activities
- Gross margin improved to 70% from 68% in FY2023
- Services revenue grew 1.83%, while Products revenue declined
- Q4 operating expenses down 5% to $41.6 million
- Strong cash position with $16.2 million balance
The company's transformation strategy is progressing, with a focus on growth and debt reduction. Sangoma provided FY2025 guidance, projecting revenue of $250-$260 million and Adjusted EBITDA of $42-$46 million.
Sangoma Technologies (TSX: STC; Nasdaq: SANG), a leader in cloud-based Communications as a Service solutions, has announced the release date for its fourth quarter and fiscal year 2024 financial results. The company will unveil its results after markets close on Wednesday, September 18, 2024. Following the release, Sangoma will host a conference call at 5:30 PM Eastern Time on the same day to discuss the results.
Interested parties can join the call by dialing 1-844-763-8274 (International: +1-647-484-8814). Participants are advised to dial in 5 minutes before the scheduled start time and request to join the Sangoma call.
Sangoma Technologies (TSX: STC; NASDAQ: SANG) has announced key updates for Fiscal 2024 and strategic initiatives for the upcoming year. The company has executed a debt repayment of $5.3 million in Q4, bringing total debt repayments for the quarter to $9.7 million. This is part of a plan to reduce debt to under $60 million by the end of Fiscal 2025.
Sangoma is making progress on its enterprise architecture program (ERP), set for substantial completion in Fiscal 2025. The company is also expanding its go-to-market strategy, resulting in advancements in the sales funnel. Additionally, Sangoma has improved its Support Team Customer Satisfaction (CSAT) and Net Promoter Score (NPS), reflecting its commitment to customer experience.
For Fiscal 2025, Sangoma will focus on driving top-line revenue growth through enhanced go-to-market strategies while continuing to provide guidance and updates to investors.
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