Sangoma Announces Date of First Quarter Fiscal 2025 Financial Results and Conference Call
Earnings Release Announcement: Sangoma Technologies Corporation will release its first quarter fiscal year 2025 results on November 6, 2024, after market close, followed by a conference call at 5:30 PM Eastern Time.
Company Overview: Sangoma is a leading provider of cloud-based communication solutions with over 2.7 million UC seats and has been recognized in the Gartner UCaaS Magic Quadrant for nine consecutive years.
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Sangoma Technologies Receives Approval for Share Buyback Program
- Buyback Program Approved: Sangoma Technologies announced that the Toronto Stock Exchange has approved its normal course issuer bid, allowing the company to repurchase up to 1.66 million shares, approximately 5% of its outstanding shares, over a 12-month period starting April 6, 2026.
- Market Execution Details: The repurchases will occur on the Toronto Stock Exchange, Nasdaq Global Select Market, and other trading systems, with all repurchased shares set to be cancelled, thereby reducing the number of shares in circulation and potentially enhancing earnings per share.
- Historical Buyback Data: As of March 24, 2026, Sangoma had about 33.3 million shares outstanding, and under its previous buyback program, it repurchased approximately 710,435 shares, indicating a consistent approach to capital management.
- Stock Price Reaction: Following the announcement of the buyback program, Sangoma's stock price rose by 4.12% in pre-market trading to $3.72, reflecting a positive market response to the buyback initiative.
Sangoma Executive Named to 2026 CRN Channel Chiefs List
- Leadership Recognition: Sangoma's SVP of Global Sales, Susan Leveritt, has been named to the 2026 CRN Channel Chiefs list, highlighting her significant contributions to driving the company's channel strategy and innovation, which enhances the company's reputation in the industry.
- Experienced Leader: Leveritt brings over 30 years of technology sales experience and more than 25 years of channel leadership, providing strong support for Sangoma's channel-first strategy and helping the company stand out in a competitive market.
- Driving Partner Success: Leveritt played a key role in creating the Pinnacle Partner Program and now leads Sangoma's bundling initiative, which helps partners sell more and build long-term recurring revenue through integrated solutions, thereby enhancing the company's market competitiveness.
- Strategic Growth Driver: Sangoma's COO, Jeremy Wubs, praised Leveritt's leadership, emphasizing her pivotal role in expanding the partner ecosystem and prioritizing essential communications bundles, which will strongly support the company's growth strategy.
Sangoma Elects Seven Directors and Appoints KPMG as Auditors at Annual Meeting
- Successful Director Elections: At the December 16, 2025, annual meeting, Sangoma elected seven directors, with all nominees receiving over 99% of the votes, reflecting strong shareholder confidence in the management team.
- Auditor Appointment Approved: The appointment of KPMG LLP as auditors for the 2026 fiscal year was approved with 95.03% of votes, ensuring financial transparency and compliance, which will enhance investor confidence.
- Voting Transparency: The results of the meeting will be made available on SEDAR+ and EDGAR, further improving corporate governance transparency and aligning with modern standards for shareholder communication.
- Commitment to Innovation: As a leading business communications platform provider with over 2.7 million UC seats, Sangoma is dedicated to driving continuous innovation in communication technology, thereby solidifying its market leadership position.
Sangoma Selected as Unified Communications Provider for 350-Store Retailer
- Client Selection: A global lifestyle retailer has chosen Sangoma as its unified communications and network services provider for over 350 stores, highlighting the company's growth momentum in high-value vertical markets.
- Solution Integration: Sangoma's integrated offerings combine UCaaS, connectivity, and managed network services under a single contract, simplifying management processes for clients and reducing Total Cost of Ownership.
- Deployment Consistency: A unified, fully managed deployment model was implemented across all existing locations, ensuring service consistency and reliability, which supports clients' long-term expansion plans.
- Strategic Advantage: By providing standardized solutions, Sangoma not only enhances operational efficiency for clients but also strengthens its position as a full-stack communications provider, driving recurring revenue growth.
Sangoma Technologies Corporation (SANG) Posts Q1 Loss but Exceeds Revenue Projections
Quarterly Performance: Sangoma Technologies Corporation reported a quarterly loss of $0.06 per share, missing the Zacks Consensus Estimate of a loss of $0.04, while revenues were $50.82 million, slightly above expectations but down from $60.15 million a year ago.
Stock Outlook: The company's stock has underperformed, losing about 30.7% since the beginning of the year, and currently holds a Zacks Rank #4 (Sell), indicating expectations of further underperformance in the near future.
Earnings Estimates: The consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $50.61 million, with a negative trend in earnings estimate revisions prior to the earnings report.
Industry Context: The Internet - Software industry is currently ranked in the top 28% of Zacks industries, suggesting that overall industry performance could influence Sangoma's stock performance moving forward.
Sangoma Technologies Corporation Reports Larger Q1 Loss, Falls Short of Projections
Financial Performance: Sangoma Technologies Corporation reported a loss of -$2.34 million for the first quarter, an increase from -$1.91 million in the same period last year, and missed analysts' expectations of -$0.06 per share.
Earnings Comparison: The company's earnings per share (EPS) were -$0.07, compared to -$0.06 in the previous year.
Revenue Guidance: Sangoma provided full-year revenue guidance of $200 million to $210 million.
Analyst Expectations: Analysts typically exclude special items in their estimates, which contributed to the discrepancy between expected and actual earnings.
Sangoma Technologies Receives Approval for Share Buyback Program
- Buyback Program Approved: Sangoma Technologies announced that the Toronto Stock Exchange has approved its normal course issuer bid, allowing the company to repurchase up to 1.66 million shares, approximately 5% of its outstanding shares, over a 12-month period starting April 6, 2026.
- Market Execution Details: The repurchases will occur on the Toronto Stock Exchange, Nasdaq Global Select Market, and other trading systems, with all repurchased shares set to be cancelled, thereby reducing the number of shares in circulation and potentially enhancing earnings per share.
- Historical Buyback Data: As of March 24, 2026, Sangoma had about 33.3 million shares outstanding, and under its previous buyback program, it repurchased approximately 710,435 shares, indicating a consistent approach to capital management.
- Stock Price Reaction: Following the announcement of the buyback program, Sangoma's stock price rose by 4.12% in pre-market trading to $3.72, reflecting a positive market response to the buyback initiative.
Sangoma Executive Named to 2026 CRN Channel Chiefs List
- Leadership Recognition: Sangoma's SVP of Global Sales, Susan Leveritt, has been named to the 2026 CRN Channel Chiefs list, highlighting her significant contributions to driving the company's channel strategy and innovation, which enhances the company's reputation in the industry.
- Experienced Leader: Leveritt brings over 30 years of technology sales experience and more than 25 years of channel leadership, providing strong support for Sangoma's channel-first strategy and helping the company stand out in a competitive market.
- Driving Partner Success: Leveritt played a key role in creating the Pinnacle Partner Program and now leads Sangoma's bundling initiative, which helps partners sell more and build long-term recurring revenue through integrated solutions, thereby enhancing the company's market competitiveness.
- Strategic Growth Driver: Sangoma's COO, Jeremy Wubs, praised Leveritt's leadership, emphasizing her pivotal role in expanding the partner ecosystem and prioritizing essential communications bundles, which will strongly support the company's growth strategy.
Sangoma Elects Seven Directors and Appoints KPMG as Auditors at Annual Meeting
- Successful Director Elections: At the December 16, 2025, annual meeting, Sangoma elected seven directors, with all nominees receiving over 99% of the votes, reflecting strong shareholder confidence in the management team.
- Auditor Appointment Approved: The appointment of KPMG LLP as auditors for the 2026 fiscal year was approved with 95.03% of votes, ensuring financial transparency and compliance, which will enhance investor confidence.
- Voting Transparency: The results of the meeting will be made available on SEDAR+ and EDGAR, further improving corporate governance transparency and aligning with modern standards for shareholder communication.
- Commitment to Innovation: As a leading business communications platform provider with over 2.7 million UC seats, Sangoma is dedicated to driving continuous innovation in communication technology, thereby solidifying its market leadership position.
Sangoma Selected as Unified Communications Provider for 350-Store Retailer
- Client Selection: A global lifestyle retailer has chosen Sangoma as its unified communications and network services provider for over 350 stores, highlighting the company's growth momentum in high-value vertical markets.
- Solution Integration: Sangoma's integrated offerings combine UCaaS, connectivity, and managed network services under a single contract, simplifying management processes for clients and reducing Total Cost of Ownership.
- Deployment Consistency: A unified, fully managed deployment model was implemented across all existing locations, ensuring service consistency and reliability, which supports clients' long-term expansion plans.
- Strategic Advantage: By providing standardized solutions, Sangoma not only enhances operational efficiency for clients but also strengthens its position as a full-stack communications provider, driving recurring revenue growth.
Sangoma Technologies Corporation (SANG) Posts Q1 Loss but Exceeds Revenue Projections
Quarterly Performance: Sangoma Technologies Corporation reported a quarterly loss of $0.06 per share, missing the Zacks Consensus Estimate of a loss of $0.04, while revenues were $50.82 million, slightly above expectations but down from $60.15 million a year ago.
Stock Outlook: The company's stock has underperformed, losing about 30.7% since the beginning of the year, and currently holds a Zacks Rank #4 (Sell), indicating expectations of further underperformance in the near future.
Earnings Estimates: The consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $50.61 million, with a negative trend in earnings estimate revisions prior to the earnings report.
Industry Context: The Internet - Software industry is currently ranked in the top 28% of Zacks industries, suggesting that overall industry performance could influence Sangoma's stock performance moving forward.
Sangoma Technologies Corporation Reports Larger Q1 Loss, Falls Short of Projections
Financial Performance: Sangoma Technologies Corporation reported a loss of -$2.34 million for the first quarter, an increase from -$1.91 million in the same period last year, and missed analysts' expectations of -$0.06 per share.
Earnings Comparison: The company's earnings per share (EPS) were -$0.07, compared to -$0.06 in the previous year.
Revenue Guidance: Sangoma provided full-year revenue guidance of $200 million to $210 million.
Analyst Expectations: Analysts typically exclude special items in their estimates, which contributed to the discrepancy between expected and actual earnings.
