Sangoma Technologies (TSE:STC) has released an update.
Sangoma Technologies Corporation reported a stable financial performance for fiscal year 2024, meeting its revenue guidance with $247.3 million and an Adjusted EBITDA of $42.6 million. Despite a slight decline in product revenue and a modest revenue decrease of 2% year-over-year, the company saw a significant 67% increase in net cash provided by operating activities, underscoring its operational efficiency and successful cost management strategies. Sangoma also outlined its fiscal 2025 guidance, expecting revenue between $250 million to $260 million and Adjusted EBITDA from $42 million to $46 million, signaling confidence in the company’s growth trajectory.
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