Sangoma First Quarter 2009-2010 Results Show Annual Revenue Growth of 20%
Monday, November 23, 200911:05 PM(View: 3354)
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.
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.
| Q1 2009–2010 | Q1 2008–2009 | Change | |
| Sales | $3.12 million | $2.60 million | +20 % |
| Net income before | $0.88 million | $1.03 million | -14 % |
| provision for taxes | |||
| Net income | $0.56 million | $0.68 million | -18 % |
| EBITDA | $1.18 million | $1.17 million | +1 % |
| Net earnings per share | $0.019 | $0.024 | |
| (fully diluted) |
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.
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