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Sangoma Technologies Corporation Common Shares - SANG STOCK NEWS

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

News

Sangoma Announces Second Quarter Fiscal 2024 Results

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Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) reported continued strength in Services revenue at $50.70 million, representing 81% of total revenue in the second quarter of fiscal 2024. The Company's net loss increased to $3.24 million, with a net loss per share of $0.10. However, the adjusted EBITDA reached $10.45 million, and the net cash provided by operating activities rose to $9.19 million, reflecting a strong quarterly progression of cash flow. Operating expenses were slightly up at $44.54 million, but the Company maintained a healthy balance sheet with a cash balance of $10.56 million on December 31, 2023.
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Sangoma Announces Date of Second Quarter Fiscal 2024 Financial Results and Conference Call

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Sangoma Technologies Corporation, a leader in cloud-based Communications as a Service solutions, will release its Q2 fiscal 2024 results on February 8, 2024. The company will also host a conference call to discuss the results.
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Sangoma Named In The 2023 Gartner® Magic Quadrant™ For Unified Communications As A Service Report For Ninth Year

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Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) has been named in the 2023 Gartner Magic Quadrant for Unified Communications as a Service, Worldwide report for the ninth straight year. Sangoma is one of the 11 vendors placed in the 2023 report, recognized for its completeness of vision and ability to execute.
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Sangoma Technologies Corporation Announces Voting Results from its Annual General and Special Meeting of Shareholders

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Sangoma Technologies Corporation (TSX: STC; NASDAQ: SANG) announced the results of voting at its annual general and special meeting of shareholders. Each of the six nominees listed in the Company’s management information circular was elected as directors of the Company. Sangoma received proxies and virtual votes at the Meeting, with Norman A. Worthington, III receiving 91.69% of votes for and 8.31% of votes withheld, Allan Brett receiving 94.94% of votes for and 5.06% of votes withheld, Al Guarino receiving 99.84% of votes for and 0.16% of votes withheld, Marc Lederman receiving 87.65% of votes for and 12.35% of votes withheld, Giovanna Moretti receiving 99.86% of votes for and 0.14% of votes withheld, Charles Salameh receiving 99.85% of votes for and 0.15% of votes withheld. In addition, Sangoma reports that the appointment of KPMG LLP as Sangoma’s auditors for the 2024 fiscal year was approved by 99.97% of the votes, and the ratification of the amended and restated By-Law No. 2 was passed by 92.16% of the votes.
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Sangoma Technologies Partnership Powers UK PSTN Switch-Off Opportunities

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Sangoma Technologies (SANG) partners with UK-based Sol Distribution to provide businesses with easy and cost-effective access to hardware and software products for digital communication modernization. The UK switch-off of the PSTN in 2025 creates an opportunity for technology providers to help businesses digitize, and this partnership aims to capitalize on that. Sangoma's global reputation in unified business communication innovation combined with Sol Distribution's network of expert resellers and system integrators will provide businesses with smart functionality, reliability, and value for money.
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Sangoma to Showcase Innovations at Benchmark Discovery One-on-One Conference in New York

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Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) is participating in the Benchmark Discovery One-on-One Conference in New York City on December 7th. The company aims to showcase its latest advancements and strategic initiatives, emphasizing its commitment to pioneering solutions that meet worldwide businesses' evolving communication and technology needs.
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Sangoma Announces First Quarter Fiscal 2024 Results

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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.
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Sangoma Announces Date of First Quarter Fiscal 2024 Financial Results and Conference Call

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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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Sangoma Announces Fourth Quarter Fiscal 2023 Results

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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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Sangoma Announces Date of Fourth Quarter and Fiscal Year 2023 Financial Results and Conference Call

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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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FAQ

What is the current stock price of Sangoma Technologies Corporation Common Shares (SANG)?

The current stock price of Sangoma Technologies Corporation Common Shares (SANG) is $6.21 as of November 1, 2024.

What is the market cap of Sangoma Technologies Corporation Common Shares (SANG)?

The market cap of Sangoma Technologies Corporation Common Shares (SANG) is approximately 209.4M.

What does Sangoma Technologies Corporation specialize in?

Sangoma Technologies Corporation specializes in providing globally scalable voice-over-IP telephony systems, both on-site and cloud-based.

What products and services does Sangoma offer?

Sangoma offers business communication systems, SIP trunking, IP phones, gateways, session border controllers, and telecom interface cards.

Where is Sangoma Technologies Corporation publicly traded?

Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange under the symbol SANG.

What are the primary markets Sangoma operates in?

Sangoma operates mainly in the United States, Canada, and other foreign countries, with the U.S. being the key revenue driver.

Does Sangoma offer cloud-based solutions?

Yes, Sangoma offers cloud-based business communication systems and services, including Cloud Services and Video Conferencing.

How can businesses benefit from Sangoma’s products?

Businesses can achieve enhanced collaboration, productivity, and ROI by using Sangoma’s seamless and scalable communication solutions.

What types of customers does Sangoma serve?

Sangoma serves SMBs, enterprises, OEMs, carriers, and service providers with their communication needs.

What recent achievements has Sangoma made?

Sangoma has formed strategic partnerships and expanded its product lines to adapt to the evolving communication landscape.

What makes Sangoma a trusted partner in communication solutions?

Sangoma’s customer-centric approach, innovative solutions, and comprehensive product range make it a trusted partner for effective communication.

What are Sangoma's key geographic markets?

Sangoma’s key geographic markets include the United States, Canada, and various other international locations.

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Sangoma Technologies Corporation Common Shares

Nasdaq:SANG

SANG Rankings

#3806 Ranked by Market Cap
N/A Ranked by Dividends

SANG Stock Data

209.40M
33.54M
20.8%
38.7%
0.03%
Software - Infrastructure
Technology
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United States of America
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