Sangoma Reports Third Quarter 2009-2010 Revenue Growth of 13%

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Sangoma Reports Third Quarter 2009-2010 Revenue Growth of 13%

//business-finance.news-articles.net/content/201 .. hird-quarter-2009-2010-revenue-growth-of-13.html

Published in Business and Finance on Wednesday, May 19th 2010 at 14:10 GMT by Market Wire
^{🞛 This publication is a summary or evaluation of another publication}

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 ].

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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