Annual Revenue grows 71% year-over-year and Adjusted EBITDA1 Exceeds $42 million
MARKHAM, ONTARIO, September 26, 2022 – Sangoma Technologies Corporation (TSX: STC;
Nasdaq: SANG) (“Sangoma” or the “Company”), a trusted leader in delivering cloud-based
Communications as a Service solutions for companies of all sizes, today announced its fourth quarter
financial results and audited consolidated financial statements for the fiscal year 2022 ended June 30, 2022.
As a reminder, Sangoma completed its acquisition of NetFortris on March 28, 2022. As a result, this fiscal
fourth quarter is the first quarter in which our income statement includes the full contribution from
NetFortris’ sales and operations.
Sales for the fiscal year 2022 were a record $224.35 million, up from the prior year by 71%, and for the
fourth quarter were a record $66.29 million ($62.50 million following the accounting reclassification from
prior periods described below, which is up 25% over the same quarter last year).