MARKHAM, ONTARIO--(Marketwire - Nov. 23, 2009) - Sangoma Technologies Corporation (TSX VENTURE:STC), today released highlights of its unaudited financial results for the quarter ended September 30, 2009.
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Q1 2009–2010 |
Q1 2008–2009 |
Change |
Sales |
$3.12 million |
$2.60 million |
+20 % |
|
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|
|
Net income before |
$0.88 million |
$1.03 million |
-14 % |
provision for taxes |
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|
|
|
|
|
|
Net income |
$0.56 million |
$0.68 million |
-18 % |
|
|
|
|
EBITDA |
$1.18 million |
$1.17 million |
+1 % |
|
|
|
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Net earnings per share |
$0.019 |
$0.024 |
|
(fully diluted) |
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Working capital increased by 7% during the quarter to $8.60 million. Cash flow was positive $0.63 million representing $0.021 per share of net cash flow, fully diluted. Total cash and equivalents was $7.50 million at the end of the quarter.Net income was affected by a foreign exchange loss due to the change in the Canadian dollar/US dollar exchange rate.
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.