Sangoma Reports Third Quarter 2009-2010 Revenue Growth of 13%
May 19 2010 - 5:00PM
Marketwired Canada
Sangoma Technologies Corporation (TSX VENTURE:STC), today released highlights of
its unaudited financial results for the quarter ended March 31, 2010.
Q3 2009-2010 Q3 2008-2009 Change
Sales $ 3.13 million $ 2.76 million +13%
Gross profit $ 2.33 million $ 2.036 million +15%
Net income before provision for
taxes $ 0.69 million $ 1.07 million -35%
Net income $ 0.42 million $ 0.70 million -40%
EBITDA $ 1.02 million $ 1.23 million -17%
Net earnings per share (fully
diluted) $ 0.014 $ 0.022
The net income comparison was again dominated by a foreign exchange expense/gain
differential between the two comparative quarters.
Working capital was $9.01 million, 12% higher than at June 30, 2009. Total cash
and equivalents was $7.14 million at the end of the quarter, as compared to
$6.87 million at June 30, 2009.
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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