Sangoma Second Quarter 2009-2010 Results Show Annual Revenue Growth of 14%
February 22 2010 - 4:00PM
Marketwired Canada
Sangoma Technologies Corporation (TSX VENTURE:STC), today released highlights of
its unaudited financial results for the quarter ended December 31, 2009.
Q1 2009-2010 Q1 2008-2009 Change
Sales $2.97 million $2.60 million +14%
Net income before provision for
taxes $0.63 million $1.70 million -62%
Net income $0.37 million $1.11 million -67%
EBITDA $0.95 million $1.89 million -50%
Net earnings per share (fully
diluted) $0.013 $0.036
Net income was dominated by a foreign exchange expense differential of $1.1
million between the two comparative quarters.
While cash flow was negative $0.15 million during the quarter ended December 31,
2009, working capital was maintained at $8.60 million, 7% higher than at June
30, 2009. Total cash and equivalents was $7.40 million at the end of the
quarter.
About Sangoma Technologies Corporation
Sangoma is the premium provider of voice and data connectivity components for
software-based communication applications. Sangoma's data cards, voice cards,
gateways and connectivity software are used in leading PBX, IVR, contact center
and data-communication applications worldwide. The product line represents a
comprehensive toolset for deploying cost-effective, powerful, and flexible
software communication applications.
Founded in 1984, Sangoma Technologies Corporation is publicly traded on the TSX
Venture Exchange (TSX VENTURE:STC). Additional information on Sangoma can be
found at: www.sangoma.com.
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