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Stock impact report

Sangoma Announces Second Quarter Fiscal 2024 Results [Yahoo! Finance]

Sangoma Technologies Corporation - Common Shares (SANG) 
Company Research Source: Yahoo! Finance
MARKHAM, Ontario, February 08, 2024 BUSINESS WIRE )--Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced its second quarter financial results and unaudited condensed consolidated interim financial statements for the fiscal second quarter ended December 31, 2023. US $000 Q2 FY2024 Q2 FY2023 Change Q1 FY2024 Change Revenue —% Gross profit —% Operating expenses Net loss Net loss per share (fully diluted) Adjusted EBITDA Net cash provided by operating activities Sangoma's Services revenue rose to $50.70 million, representing 81% of total revenue in the second quarter of fiscal 2024. Products revenue was down, resulting in total Revenue for the second quarter of $62.28 million, slightly higher from the same period in the prior year, and a 1% decrease from the immediately preceding quarter. The Com Show less Read more
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