Sangoma Updates Normal Course Issuer Bid to Buy Up to 1,663,939 Shares
Sangoma Technologies announced that the Toronto Stock Exchange has accepted the notice filed by the Company to renew its normal course issuer bid program. Sangoma may, during the 12-month period commencing April 6, 2026 and ending no later than April 5, 2027, purchase up to 1,663,939 Shares, representing approximately 5% of the total number of 33,278,790 Shares outstanding as of March 24, 2026. The NCIB will be made through the facilities of the TSX, the Nasdaq Global Select Market or alternative Canadian trading systems. Shares will be acquired under the NCIB at the market price and will be purchased for cancellation. The average daily trading volume of the Shares on the TSX for the most recently completed six calendar months is 24,845. Pursuant to TSX policies, daily purchases under the NCIB will be limited to 6,211 Shares, representing 25% of the ADTV, subject to the Company's ability to make one block purchase of the Shares per calendar week that exceeds such limit. The Company will fund purchases of Shares under the NCIB through surplus cash available from its operations. Under its previously announced notice of intention to conduct a NCIB, pursuant to which the Corporation received TSX approval to purchase up to 1,679,720 Shares, the Corporation purchased 710,435 Shares through the facilities of the TSX, the Nasdaq Global Select Market and alternative Canadian trading systems at a volume-weighted average price of C$7.52 per Share. Sangoma has entered into an automatic share purchase plan with a designated broker to allow for the purchase of Shares under the NCIB at times when the Company would ordinarily not be permitted to purchase Shares due to self-imposed blackout periods, insider trading rules or otherwise.
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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.
