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Sangoma Announces Fourth Quarter Fiscal 2026 Results

Business Wire

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TORONTO, September 28, 2026--Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) ("Sangoma" or the "Company"), a trusted industry leader uniquely offering businesses a choice of on-premises, cloud-based, or hybrid Communications as a Service solutions, today announced its fourth quarter financial results and consolidated financial statements for the year ended June 30, 2026. All amounts are expressed in US dollars unless otherwise stated.

"During the fourth quarter, we identified and corrected a reporting matter related to certain cancelled and rewritten customer contracts. This led to an adjustment to revenue reported in prior periods and had no impact on our cash flow or cash position. I'm proud of how our team handled this, and our business continued to execute throughout — including new business wins and expansion within our existing customer base. We're entering fiscal 2027 with a clear strategy focused on accelerating our growth areas, strengthening our core recurring-revenue base, and optimizing the rest of the portfolio," said Charles Salameh, Chief Executive Officer.

Fourth Quarter of Fiscal 2026 Highlights:

  • Revenue at $49.8 million was 0.21% higher compared to last quarter, revenue mix is in line with the Company's expectations. Excluding $7.5 million of revenue from VoIP Supply, LLC ("VS"), which was strategically sold to exit low-margin, non-recurring resale activity, revenue was 4% lower year-over-year on a like-for-like basis.

  • Gross profit of $32.3 million representing 65% of total revenue, lower than $35.1 million representing 71% in last quarter. Without the Inventory write-down of $3.0 million (the "Inventory Write-Down"), gross profit of $35.3 million representing 71% of total revenue.

  • Operating expenses1 were $38.5 million, increased by $0.5 million or 1% over the previous quarter, reflecting continuous and focused cost initiatives and prudent cost management.

  • Net loss of $72.5 million ($2.19 loss per share fully diluted) compared to a Net income of $0.2 million ($0.01 income per share fully diluted) over the same quarter in the prior year. Net loss was impacted by a $68.4 million non-cash goodwill impairment charge and the Inventory Write-Down.

  • Adjusted EBITDA2 of $6.5 million representing 13% of total revenue.

  • Quarterly churn remained low, holding at under 1%.

  • Net cash provided by operating activities of $4.6 million in the fourth quarter or 70% as a percentage of Adjusted EBITDA2.

  • Free Cash Flow2 in the fourth quarter of $2.7 million ($0.08 per share fully diluted).

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