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Sangoma Releases Audited Results for the Financial Year 2008-2009
MARKHAM, ONTARIO--(Marketwire - Oct. 26, 2009) - Sangoma Technologies Corporation (TSX VENTURE:STC), today released highlights of its audited financial results for the year ended June 30, 2009.
2008 - 2009 2007 - 2008 Change
Sales $11.12 million $12.34 million -10%
Net income before provision
for income taxes $4.01 million $4.65 million -14%
Net income $2.49 million $2.91 million -14%
EBITDA $5.18 million $5.14 million +1%
Net earnings per share
(fully diluted) $0.08 $0.10
Sangoma finished the financial year with working capital of $8.97 million, as compared to $8.96 million on June 30, 2008. Cash flow during the year was positive $0.68 million, despite the cash outlay for the Paraxip purchase in July 2008.
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 ].
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.