Welcome to our dedicated page for Sangoma Technologies news (Ticker: SANG), a resource for investors and traders seeking the latest updates and insights on Sangoma Technologies stock.
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) released its Q2 FY2025 results, showing mixed performance. Net cash from operations increased 29.7% year-over-year, exceeding 100% of Adjusted EBITDA for the fourth consecutive quarter. Total revenue was $59.1 million, down 1.7% from Q1 FY2025, primarily due to decreased low-margin third-party product resales.
Key metrics include gross profit of $40.5 million (68.5% margin), Adjusted EBITDA of $10.1 million (17.1% of revenue), and improved churn below 1.0%. Operating expenses decreased 7.3% year-over-year to $41.3 million. Net loss narrowed to $1.9 million from $3.2 million in Q2 FY2024.
The company revised its FY2025 guidance, lowering revenue expectations to $235-240 million from $250-260 million, while maintaining an Adjusted EBITDA target of at least 17% of revenue ($40-42 million).
Sangoma Technologies (TSX: STC; Nasdaq: SANG) has unveiled its proprietary AI platform, Sangoma GenAI, introducing several AI-powered innovations in business communications. The platform includes an Enhanced Conversational IVR for streamlining customer interactions, a Patient Relationship Management System developed with Sphinx Medical's CallMyDoc® for healthcare automation, and Sangoma Scribe for voice record transcription and analysis.
The company has also enhanced its Sangoma CX® contact center solution with GoogleFlow-powered chatbots and AI Assist features to improve agent productivity. These innovations aim to optimize operations, customer engagement, and team collaboration while providing affordable enterprise-grade solutions. Sangoma continues its investment in open source projects Asterisk and FreePBX, with plans to showcase AI integration at the upcoming 20th annual AstriCon conference in Fort Lauderdale.
Sangoma Technologies (TSX: STC; Nasdaq: SANG), a provider of cloud-based Communications as a Service solutions, has announced it will release its second quarter fiscal year 2025 financial results after market close on February 5, 2025. 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 1-844-763-8274 (International: +1-647-484-8814) and are requested to dial in 5 minutes before the scheduled start time.
Sangoma Technologies (TSX: STC; Nasdaq: SANG) has partnered with Sphinx Medical Technologies to launch a new Patient Relationship Management (PRM) system, integrating Sangoma's unified communications platform with Sphinx's CallMyDoc® AI-powered IVR system. The solution offers 99.999% uptime and seamlessly integrates with Electronic Health Records (EHR) systems while maintaining HIPAA compliance.
The system leverages CallMyDoc®'s 20 million patient call history and provides features including 24/7 virtual consultations, multilingual support, automated follow-up care, and real-time patient record access. It significantly improves efficiency by reducing call time by 10x and automating tasks like prescription refills and appointment scheduling. The solution includes automated appointment reminders, integrated online booking, and advanced call routing capabilities.
Sangoma Technologies (TSX: STC; Nasdaq: SANG) has partnered with Sphinx Medical Technologies to launch a new Patient Relationship Management (PRM) system, integrating Sangoma's unified communications platform with Sphinx's CallMyDoc® AI-powered IVR system. The solution offers 99.999% uptime and seamlessly integrates with Electronic Health Records (EHR) systems while maintaining HIPAA compliance.
The system leverages CallMyDoc®'s 20 million patient call history and provides features including 24/7 virtual consultations, multilingual support, and automated follow-up care. Key benefits include streamlined communication with real-time patient record access, automated prescription refills, appointment scheduling, and nearly 100% accurate AI transcription. The solution reduces call time by 10x and includes automated appointment reminders, integrated online booking, and advanced call routing.
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.
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