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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.
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.
Sangoma Technologies (Nasdaq: SANG) announces the appointment of April Walker to its Board of Directors, effective July 1, 2024. Walker brings over 30 years of experience in the tech sector, most recently serving as Senior VP of Customer Success at Salesforce. Her background includes roles at Microsoft, MetLife, and NBCUniversal, enhancing customer engagement and digital innovation. Walker holds an MBA and specialized Executive Certification in AI from MIT Sloan and a Master's in Engineering Management from George Washington University. Sangoma views her appointment as a strategic move to further its commitment to innovation and customer success.
Sangoma Technologies (TSX: STC; Nasdaq: SANG) announces the appointment of Monica Walton as Chief Revenue Officer. With over 25 years of experience, Walton will drive go-to-market strategies for the SMB market. She has a strong background in sales and channel management, including roles at Lumen Technologies and Evoque. Walton is recognized for her contributions to the industry, such as being listed on Channel Futures' DE&I 101 List in 2023 and CRN's Women of the Channel list in 2024. Her role aligns with Sangoma's growth strategy, focusing on transforming and expanding the company's market presence.
Sangoma Technologies announced its third quarter fiscal 2024 results, with Services revenue accounting for 82% of total revenue. Net Cash provided by Operating Activities increased by 121% over the prior year period. Revenue decreased by 3%, while Gross profit and Operating expenses also saw decreases. Adjusted EBITDA decreased by 9%, but Net cash provided by operating activities showed a significant increase. The company reaffirmed its fiscal year 2024 guidance, narrowing revenue and Adjusted EBITDA forecasts.
Sangoma Technologies announced the date for the release of its third quarter fiscal 2024 financial results and conference call. The results are expected to be released on May 8, 2024, after markets close, with a conference call scheduled for the same day at 5:30 PM Eastern Time.
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