MARKHAM, ONTARIO--(Marketwire - Feb. 22, 2010) - Sangoma Technologies Corporation (TSX VENTURE:STC), today released highlights of its unaudited financial results for the quarter ended December 31, 2009.
|Q1 2009–2010||Q1 2008–2009||Change|
|Sales||$2.97 million||$2.60 million||+14||%|
|Net income before provision for taxes||$0.63 million||$1.70 million||-62||%|
|Net income||$0.37 million||$1.11 million||-67||%|
|EBITDA||$0.95 million||$1.89 million||-50||%|
|Net earnings per share (fully diluted)||$0.013||$0.036|
Net income was dominated by a foreign exchange expense differential of $1.1 million between the two comparative quarters.
While cash flow was negative $0.15 million during the quarter ended December 31, 2009, working capital was maintained at $8.60 million, 7% higher than at June 30, 2009. Total cash and equivalents was $7.40 million at the end of the quarter.
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.