MARKHAM, ONTARIO--(Marketwire - May 19, 2010) - Sangoma Technologies Corporation (TSX VENTURE:STC), today released highlights of its unaudited financial results for the quarter ended March 31, 2010.
|Q3 2009–2010||Q3 2008–2009||Change|
|Sales||$||3.13 million||$||2.76 million||+13||%|
|Gross profit||$||2.33 million||$||2.036 million||+15||%|
|Net income before provision for taxes||$||0.69 million||$||1.07 million||-35||%|
|Net income||$||0.42 million||$||0.70 million||-40||%|
|EBITDA||$||1.02 million||$||1.23 million||-17||%|
|Net earnings per share (fully diluted)||$||0.014||$||0.022|
The net income comparison was again dominated by a foreign exchange expense/gain differential between the two comparative quarters.
Working capital was $9.01 million, 12% higher than at June 30, 2009. Total cash and equivalents was $7.14 million at the end of the quarter, as compared to $6.87 million at June 30, 2009.
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.