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.
|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|
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.