Sangoma Announces Fourth Quarter Fiscal 2022 Results

Annual Revenue grows 71% year-over-year and Adjusted EBITDA1 Exceeds $42 million MARKHAM, ONTARIO, September 26, 2022 – 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 fourth quarter financial results and audited consolidated financial statements for the fiscal year 2022 ended June 30, 2022. As a reminder, Sangoma completed its acquisition of NetFortris on March 28, 2022. As a result, this fiscal fourth quarter is the first quarter in which our income statement includes the full contribution from NetFortris’ sales and operations. Sales for the fiscal year 2022 were a record $224.35 million, up from the prior year by 71%, and for the fourth quarter were a record $66.29 million ($62.50 million following the accounting reclassification from prior periods described below, which is up 25% over the same quarter last year). View the full report here.