Annonce • Jun 04
Sangoma Technologies Corporation Announces CFO Changes Sangoma Technologies Corporation announced that Larry Stock has elected to retire from his role as Chief Financial Officer effective June 30, 2026, following nearly six years of distinguished service to the Company. Upon his retirement, Mr. Stock will remain available to the Company in a senior advisory capacity for a period of one year to ensure an orderly transition. Effective July 1, 2026, Adrian Back, current Senior Vice President, Finance, will assume the role of Interim Chief Financial Officer. Concurrently, the Board of Directors has commenced a search to identify a permanent successor to the CFO role, which will include both internal and external candidates. The Company will provide an update on the search process as developments warrant. Mr. Back joined Sangoma via the Company’s acquisition of Star2Star Communications in 2021 and has served as Senior Vice President, Finance since that time. In this capacity, his responsibilities have included financial planning and analysis, external audit, SOX compliance and treasury. Annonce • May 15
Sangoma Technologies Corporation Revises Earnings Guidance for the Year 2026 Sangoma Technologies Corporation revised earnings guidance for the year 2026. For the year, the company provided guidance for Fiscal 2026 on September 17, 2025, which it reaffirmed on November 5, 2025. That guidance included total revenue in the range of $200 - $210 million, with sequential growth expected in the second quarter of Fiscal 2026, and an Adjusted EBITDA margin in the range of 17%-19%, inclusive of incremental go-to-market investments to stimulate organic growth. The company narrowed its Fiscal 2026 guidance on February 4, 2026, providing total revenue in the range of $205–$208 million. In light of shifts in revenue timing, product mix, and current macroeconomic conditions, the company is revising its Fiscal 2026 guidance as follows: Total revenue: $204 million – $205 million. Reported Earnings • May 15
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: US$0.07 loss per share (further deteriorated from US$0.043 loss in 3Q 2025). Revenue: US$51.0m (down 12% from 3Q 2025). Net loss: US$2.34m (loss widened 64% from 3Q 2025). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 75%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • May 05
Sangoma Technologies Corporation to Report Q3, 2026 Results on May 13, 2026 Sangoma Technologies Corporation announced that they will report Q3, 2026 results at 4:00 PM, US Eastern Standard Time on May 13, 2026 Annonce • Feb 06
Sangoma Technologies Corporation Revises Earnings Guidance for Fiscal 2026 Sangoma Technologies Corporation revised earnings guidance for Fiscal 2026. For the period, the company expects Total revenue to be in the range of $205 million to $208 million. The company previously guided total revenue in the range of $200 million to $210 million. Reported Earnings • Feb 05
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: US$0.06 loss per share (further deteriorated from US$0.056 loss in 2Q 2025). Revenue: US$51.5m (down 13% from 2Q 2025). Net loss: US$2.00m (loss widened 6.1% from 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.0%. Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annonce • Jan 23
Sangoma Technologies Corporation to Report Q2, 2026 Results on Feb 04, 2026 Sangoma Technologies Corporation announced that they will report Q2, 2026 results After-Market on Feb 04, 2026 Price Target Changed • Jan 04
Price target increased by 9.1% to US$9.00 Up from US$8.25, the current price target is an average from 5 analysts. New target price is 81% above last closing price of US$4.98. Stock is down 28% over the past year. The company is forecast to post a net loss per share of US$0.18 next year compared to a net loss per share of US$0.15 last year. Reported Earnings • Nov 12
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: US$0.07 loss per share (further deteriorated from US$0.057 loss in 1Q 2025). Revenue: US$50.8m (down 16% from 1Q 2025). Net loss: US$2.34m (loss widened 22% from 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is expected to decline by 2.3% p.a. on average during the next 2 years, while revenues in the Communications industry in the US are expected to grow by 10%. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. New Risk • Nov 11
New major risk - Revenue and earnings growth Earnings have declined by 9.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.0% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (US$6.6m net loss next year). Annonce • Oct 31
Sangoma Technologies Corporation to Report Q1, 2026 Results on Nov 10, 2025 Sangoma Technologies Corporation announced that they will report Q1, 2026 results After-Market on Nov 10, 2025 Annonce • Oct 21
Sangoma Technologies Corporation, Annual General Meeting, Dec 16, 2025 Sangoma Technologies Corporation, Annual General Meeting, Dec 16, 2025. New Risk • Oct 14
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$5.0m Forecast net loss in 2 years: US$900k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Price Target Changed • Sep 19
Price target decreased by 8.3% to US$8.25 Down from US$9.00, the current price target is an average from 4 analysts. New target price is 60% above last closing price of US$5.17. Stock is down 7.8% over the past year. The company is forecast to post a net loss per share of US$0.18 next year compared to a net loss per share of US$0.15 last year. Reported Earnings • Sep 18
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: US$0.15 loss per share (improved from US$0.26 loss in FY 2024). Revenue: US$236.7m (down 4.3% from FY 2024). Net loss: US$5.01m (loss narrowed 42% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. Revenue is expected to decline by 4.7% p.a. on average during the next 2 years, while revenues in the Communications industry in the US are expected to grow by 9.2%. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • Sep 18
Sangoma Technologies Corporation Provides Earnings Guidance for Fiscal 2026 Sangoma Technologies Corporation provided earnings guidance for fiscal 2026. For the year, the company expects total revenue to be in the range of $200 million - $210 million, compared to $209 million in fiscal 2025 when excluding the contribution from VoIP Supply LLC ("VoIP Supply"), with growth in the Company's core platform product and service categories expected by the second half of Fiscal 2026. Annonce • Sep 10
Sangoma Technologies Corporation to Report Q4, 2025 Results on Sep 17, 2025 Sangoma Technologies Corporation announced that they will report Q4, 2025 results After-Market on Sep 17, 2025 Price Target Changed • May 11
Price target increased by 9.1% to US$9.00 Up from US$8.25, the current price target is an average from 3 analysts. New target price is 53% above last closing price of US$5.90. Stock is up 36% over the past year. The company is forecast to post a net loss per share of US$0.17 next year compared to a net loss per share of US$0.26 last year. Reported Earnings • May 09
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: US$0.043 loss per share (further deteriorated from US$0.038 loss in 3Q 2024). Revenue: US$58.1m (down 4.9% from 3Q 2024). Net loss: US$1.43m (loss widened 13% from 3Q 2024). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annonce • May 09
Sangoma Technologies Corporation Narrows Earnings Guidance for the Fiscal Year 2025 Sangoma Technologies Corporation narrowed earnings guidance for the fiscal year 2025. For the year, the company expects revenue guidance from $235- $240 million to $235- $238 million. Annonce • Apr 29
Sangoma Technologies Corporation to Report Q3, 2025 Results on May 08, 2025 Sangoma Technologies Corporation announced that they will report Q3, 2025 results After-Market on May 08, 2025 New Risk • Feb 06
New major risk - Revenue and earnings growth Earnings have declined by 28% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 06
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: US$0.056 loss per share (improved from US$0.098 loss in 2Q 2024). Revenue: US$59.1m (down 5.1% from 2Q 2024). Net loss: US$1.88m (loss narrowed 42% from 2Q 2024). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) also missed analyst estimates by 167%. Revenue is forecast to grow 1.0% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Annonce • Feb 06
Sangoma Technologies Corporation Revises Earnings Guidance for Fiscal Year 2025 Sangoma Technologies Corporation revised earnings guidance for fiscal year 2025. For the year, the company is lowering its revenue guidance from the range of $250 million to $260 million to $235 million to $240 million. Annonce • Jan 29
Sangoma Technologies Corporation Unveils AI Platform, Sangoma GenAI Sangoma Technologies Corporation unveiled significant AI advancements within its proprietary platform, Sangoma GenAI, reinforcing its role as an innovation foundry for communications technology worldwide. With an agentic AI approach, these new functionalities optimize operations, customer engagement, and team collaboration: Enhanced Conversational IVR: An Interactive Voice Response for streamlining customer interactions and gathering detailed customer feedback ratings. A Michelin-starred restaurant improved its reservation process by integrating this technology. Patient Relationship Management (PRM) System: In partnership with Sphinx Medical's CallMyDoc®?, this AI-driven system integrates with Electronic Health Records (EHRs), automating appointments, prescriptions, and telehealth communications, while reducing follow-ups. Sangoma Scribe: Provides transcription, summarization, and sentiment analysis for voice records, helping companies track calls, measure customer satisfaction, and refine strategies. Sangoma Meet also offers live transcription and meeting summaries. Sangoma CX®? also integrates AI to enhance contact center productivity with:Chatbots and Virtual Assistants powered by GoogleFlow to automate routine tasks and initial interactions. AI Assist to improve agent responses with grammar fixes, tone adjustments, and message simplification, reducing response times. Dedicated to the development of next-gen AI solutions, Sangoma also continues to invest in the leading global open source projects, Asterisk and FreePBX, introducing innovations like the previously mentioned Sangoma Scribe. "Scribe has been enthusiastically received, helping companies make smarter decisions from conversations, and quickly gaining adoption among users," said Michael White, Sangoma's VP of Open Source. Annonce • Jan 23
Sangoma Technologies Corporation to Report Q2, 2025 Results on Feb 05, 2025 Sangoma Technologies Corporation announced that they will report Q2, 2025 results After-Market on Feb 05, 2025 Reported Earnings • Nov 08
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: US$0.057 loss per share (improved from US$0.074 loss in 1Q 2024). Revenue: US$60.2m (down 4.6% from 1Q 2024). Net loss: US$1.91m (loss narrowed 22% from 1Q 2024). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Annonce • Nov 07
Sangoma Technologies Corporation Re-Affirms Guidance for Fiscal 2025 Sangoma Technologies Corporation is re-affirming guidance for fiscal 2025. For the period, the company expects revenue in the range of $250 million to $260 million. Annonce • Oct 25
Sangoma Technologies Corporation to Report Q1, 2025 Results on Nov 06, 2024 Sangoma Technologies Corporation announced that they will report Q1, 2025 results After-Market on Nov 06, 2024 Annonce • Sep 24
Sangoma Technologies Corporation, Annual General Meeting, Nov 19, 2024 Sangoma Technologies Corporation, Annual General Meeting, Nov 19, 2024. Reported Earnings • Sep 20
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: US$0.26 loss per share (improved from US$0.88 loss in FY 2023). Revenue: US$247.3m (down 2.1% from FY 2023). Net loss: US$8.66m (loss narrowed 70% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. New Risk • Sep 20
New major risk - Revenue and earnings growth Earnings have declined by 56% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Annonce • Sep 19
Sangoma Technologies Corporation Provides Earnings Guidance for the First Quarter and Fiscal Year 2025 Sangoma Technologies Corporation provided earnings guidance for the first quarter and fiscal year 2025. For the quarter, the company expects revenue in the range of $61 million to $62 million.
For the fiscal year, Sangoma expects revenue in the range of $250 million to $260 million. New Risk • Sep 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$4.0m net loss next year). Share price has been volatile over the past 3 months (10% average weekly change). Annonce • Sep 05
Sangoma Technologies Corporation to Report Q4, 2024 Results on Sep 18, 2024 Sangoma Technologies Corporation announced that they will report Q4, 2024 results After-Market on Sep 18, 2024 New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$4.0m net loss next year). Share price has been volatile over the past 3 months (10% average weekly change). Recent Insider Transactions • Jun 27
Chairman of the Board recently bought US$64k worth of stock On the 24th of June, Norman Worthington bought around 12k shares on-market at roughly US$5.30 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Norman has been a net seller over the last 12 months, reducing personal holdings by US$1.7m. Annonce • Jun 18
Sangoma Technologies Corporation Announces Appointment of April Walker to Its Board, Effective July 1, 2024 Sangoma Technologies Corporation announced the appointment of April Walker to its board, effective July 1, 2024. Ms. Walker brings a wealth of expertise and over 30 years of experience in the technology sector, most recently holding the role of Senior Vice President of Customer Success at Salesforce, the global leader in CRM and cloud computing. Ms. Walker’s career is distinguished by her passionate dedication to digital innovation and the adoption of cutting-edge technologies. Renowned as a seasoned consultant in the industry, her expertise empowers both multinational corporations and individuals to realize their full potential, foster innovative thinking, and effectively implement key strategies. Her professional background encompasses previously held high-ranking roles in IT services, infrastructure development, data center management, and enhancing customer engagement at Microsoft, MetLife, and NBCUniversal. Ms. Walker’s academic achievements include an MBA and a specialized Executive Certification in Artificial Intelligence from the MIT Sloan School of Management and a Master ofScience in Engineering Management from The George Washington University. Annonce • May 22
Sangoma Technologies Corporation Appoints Monica Walton as New Chief Revenue Officer Sangoma Technologies Corporation announced the appointment of Monica Walton as Chief Revenue Officer. Ms. Walton will lead Sangoma's go-to-market initiatives, with over 25 years of demonstrated leadership experience in building sales and channel management programs in the networking and IT communications industry. Throughout her career, Ms. Walton has led B2B initiatives to promote business solutions like network, data center, voice services, and cloud/hybrid infrastructure through direct and indirect channels. At Evoque (now Centersquare), a data center provider for mid-sized enterprises, she excelled as Channel Chief, revitalizing and expanding the channel partner strategy. With over 14 years at Lumen Technologies (formerly CenturyLink), she held the role of Vice President/General Manager of Sales for the Rocky Mountain Region, directing go-to-market strategies across six states. Ms. Walton has been a Board Member of the Colorado Technology Association since 2019, currently serving as Vice Chair, and is slated to become Chairperson in 2025. Her contributions were acknowledged with honors; she was recognized in 2023 on Channel Futures' DE&I 101 List and, more recently, in 2024, on CRN's Women of the Channel list. Annonce • May 10
Sangoma Technologies Corporation Reaffirms Financial Guidance for Fiscal Year 2024 Sangoma Technologies Corporation reaffirmed financial guidance for fiscal year 2024. Given the results for the third quarter and the assumptions below, Sangoma is reaffirming and providing further clarity on its guidance for fiscal year 2024. Prior guidance, announced on February 9, 2024, projected revenues ranging between $245 million and $250 million. Upon careful evaluation, Sangoma is narrowing its fiscal year 2024 revenue guidance to a range of $246.5 million to $248.5 million. Reported Earnings • May 09
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: US$0.038 loss per share (further deteriorated from US$0.022 loss in 3Q 2023). Revenue: US$61.0m (down 2.7% from 3Q 2023). Net loss: US$1.27m (loss widened 85% from 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.1%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Annonce • May 01
Sangoma Technologies Corporation to Report Q3, 2024 Results on May 08, 2024 Sangoma Technologies Corporation announced that they will report Q3, 2024 results at 5:30 PM, US Eastern Standard Time on May 08, 2024 Reported Earnings • Feb 10
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: US$0.098 loss per share. Revenue: US$62.3m (flat on 2Q 2023). Net loss: US$3.24m (loss widened 18% from 2Q 2023). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Communications industry in the US. Annonce • Jan 30
Sangoma Technologies Corporation to Report Q2, 2024 Results on Feb 08, 2024 Sangoma Technologies Corporation announced that they will report Q2, 2024 results After-Market on Feb 08, 2024 Recent Insider Transactions • Dec 24
Representative Director recently bought US$94k worth of stock On the 21st of December, Marc Lederman bought around 30k shares on-market at roughly US$3.15 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$188k. Despite this recent purchase, insiders have collectively sold US$2.9m more in shares than they bought in the last 12 months. Recent Insider Transactions • Nov 30
Chairman of the Board recently sold US$2.0m worth of stock On the 23rd of November, Norman Worthington sold around 786k shares on-market at roughly US$2.56 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Norman has been a net seller over the last 12 months, reducing personal holdings by US$7.3m. Recent Insider Transactions • Nov 20
CEO & Director recently bought US$188k worth of stock On the 15th of November, Charles Salameh bought around 76k shares on-market at roughly US$2.49 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Charles' only on-market trade for the last 12 months. New Risk • Nov 10
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$29m Forecast net loss in 1 year: US$4.3m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$4.3m net loss next year). Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (US$97.3m market cap). Reported Earnings • Nov 10
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: US$0.074 loss per share. Revenue: US$63.0m (down 1.6% from 1Q 2023). Net loss: US$2.44m (loss widened 24% from 1Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Communications industry in the US. Annonce • Oct 27
Sangoma Technologies Corporation to Report Q1, 2024 Results on Nov 08, 2023 Sangoma Technologies Corporation announced that they will report Q1, 2024 results on Nov 08, 2023 New Risk • Oct 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$98.4m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (US$98.4m market cap). Annonce • Oct 14
Sangoma Technologies Corporation, Annual General Meeting, Dec 12, 2023 Sangoma Technologies Corporation, Annual General Meeting, Dec 12, 2023. Reported Earnings • Sep 28
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: US$0.88 loss per share (improved from US$3.52 loss in FY 2022). Revenue: US$252.5m (up 13% from FY 2022). Net loss: US$29.0m (loss narrowed 74% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Communications industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Annonce • Sep 14
Sangoma Technologies Corporation to Report Q4, 2023 Results on Sep 27, 2023 Sangoma Technologies Corporation announced that they will report Q4, 2023 results After-Market on Sep 27, 2023 Annonce • Sep 12
Sangoma Technologies Corporation Appoints Jeremy Wubs as First Chief Operating Officer Sangoma Technologies Corporation announced the appointment of Jeremy Wubs as its first Chief Operating Officer (“COO”) effective immediately. Mr. Wubs joins Sangoma as an accomplished technology and transformation executive with a remarkable track record of delivering exceptional financial results in highly competitive markets. With over 20 years of experience in the industry, Mr. Wubs brings a wealth of knowledge and expertise in managing and growing both established and emerging product lines, catering to the small, medium, and enterprise segments. His proven ability to lead transformational business programs of all sizes makes him a valuable addition to the Company’s executive team. In his role as a former executive at Bell Business Markets, Bell Canada, Mr. Wubs successfully managed a multi billion-dollar P&L. As Senior Vice-President of Product, Marketing and Professional Services he was responsible for wireline and wireless products and services across various technology domains including voice, collaboration, contact center, cloud computing, networking, cybersecurity and IoT. Annonce • Aug 02
Sangoma Technologies Corporation Announces Appointment of Charles Salameh as Chief Executive Officer Sangoma Technologies Corporation announced the appointment of Charles Salameh as the Company's new Chief Executive Officer (CEO) and member of the Board of Directors, effective September 1, 2023. Charles has held senior leadership positions at Bell Canada, Nortel Networks, HP and DXC. His most recent role was at Infosys where, as Global Head of Account Expansion, he was responsible for driving revenue growth and expansion across its nearly $18.2 billion dollar book of business, based on Infosys’ Fiscal Year 23 reported revenue. his role as CEO, Mr. Salameh will work closely with the executive team to strengthen Sangoma's commitment to customer satisfaction and solutions innovation, further advancing the Company's position as a global leader in advanced cloud based communications technologies. New Risk • Jun 16
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$1.6m net loss next year). Share price has been volatile over the past 3 months (10% average weekly change). Significant insider selling over the past 3 months (US$1.9m sold). Recent Insider Transactions • Jun 16
Interim Executive Chairman recently sold US$1.9m worth of stock On the 13th of June, Norman Worthington sold around 572k shares on-market at roughly US$3.25 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Norman has been a net seller over the last 12 months, reducing personal holdings by US$5.6m. Reported Earnings • May 12
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: US$0.022 loss per share (improved from US$0.33 loss in 3Q 2022). Revenue: US$62.8m (up 14% from 3Q 2022). Net loss: US$685.0k (loss narrowed 90% from 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 69%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Communications industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Annonce • May 12
Sangoma Technologies Corporation Lowers Earnings Guidance for the Fiscal Year 2023 Sangoma Technologies Corporation narrowed earnings guidance for the fiscal year 2023. For the year, the company is narrowing its revenue guidance from $250 million - $260 million to $250 million - $254 million. Board Change • Apr 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Lead Independent Director Allan Brett was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 29
Interim Executive Chairman recently bought US$58k worth of stock On the 23rd of March, Norman Worthington bought around 17k shares on-market at roughly US$3.49 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$122k. Despite this recent buy, Norman has been a net seller over the last 12 months, reducing personal holdings by US$3.8m. Recent Insider Transactions • Mar 17
Interim Executive Chairman recently bought US$122k worth of stock On the 13th of March, Norman Worthington bought around 32k shares on-market at roughly US$3.76 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Norman has been a net seller over the last 12 months, reducing personal holdings by US$3.9m. Reported Earnings • Feb 12
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: US$0.12 loss per share. Revenue: US$62.0m (up 17% from 2Q 2022). Net loss: US$2.74m (loss widened 10% from 2Q 2022). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Communications industry in the US. Annonce • Feb 10
Sangoma Technologies Corporation Revises Earnings Guidance for the Fiscal Year 2023 Sangoma Technologies Corporation revised earnings guidance for the fiscal year 2023. Given the results for the first two quarters of fiscal 2023 and in light of the items below including global economics, the Company is lowering its revenue guidance from $275– $285 million to $250- $260 million. Annonce • Feb 02
Sangoma Technologies Corporation to Report Q2, 2023 Results on Feb 09, 2023 Sangoma Technologies Corporation announced that they will report Q2, 2023 results After-Market on Feb 09, 2023 Recent Insider Transactions • Dec 15
Chairman recently sold US$3.7m worth of stock On the 8th of December, Norman Worthington sold around 800k shares on-market at roughly US$4.60 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Norman has been a net seller over the last 12 months, reducing personal holdings by US$3.9m. Price Target Changed • Nov 17
Price target decreased to US$14.00 Down from US$19.50, the current price target is an average from 5 analysts. New target price is 229% above last closing price of US$4.25. Stock is down 79% over the past year. The company is forecast to post a net loss per share of US$0.17 next year compared to a net loss per share of US$3.52 last year. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Allan Brett was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 27
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: US$3.52 loss per share (down from US$0.038 profit in FY 2021). Revenue: US$224.4m (up 66% from FY 2021). Net loss: US$110.8m (down US$111.4m from profit in FY 2021). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Communications industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: US$0.33 loss per share (down from US$0.11 loss in 3Q 2021). Revenue: US$55.1m (up 97% from 3Q 2021). Net loss: US$6.76m (loss widened 280% from 3Q 2021). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 346%. Over the next year, revenue is forecast to grow 25%, compared to a 9.5% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Allan Brett was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: US$0.078 loss per share (down from US$0.11 profit in 2Q 2021). Revenue: US$54.2m (up 100% from 2Q 2021). Net loss: US$2.48m (down 240% from profit in 2Q 2021). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 21%, compared to a 8.9% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Board Change • Dec 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Allan Brett was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.