Sangoma Technologies Fiscal Q4 Swings to Loss, Revenue Falls; Enters Deal to Be Acquired
MT Newswires Live
Sep 29
Sangoma Technologies (SANG) reported Monday fiscal Q4 loss of $2.19 per diluted share, compared with a profit of $0.01 a year earlier.
Analysts polled by FactSet expected loss of $0.07, if comparable.
Revenue for the quarter ended June 30 was $49.8 million, down from $59.4 million earlier.
Analysts expected $51.3 million.
Also, the company said its board approved and entered into a definitive agreement for the sale of the company.
The company said it has corrected its previously reported revenue and related amounts for the first three quarters of fiscal 2026.
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