Business & Finance
Business and Finance
Business and Finance 
Thu, May 20, 2010
Wed, May 19, 2010
Sangoma Reports Third Quarter 2009-2010 Revenue Growth of 13%
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.