www.sangoma.com<\/a>.<\/p>\nCautionary Statement Regarding Forward Looking Statements<\/b><\/p>
\nThis press release contains forward-looking information and forward-looking statements (collectively, \u201cforward-looking statements\u201d), including statements regarding the Company\u2019s future financial and operating performance, business strategy, growth opportunities, market outlook, strategic review process and management\u2019s expectations for fiscal 2026 and beyond.<\/p>
\nForward-looking statements are provided for the purpose of presenting information about management\u2019s current expectations and plans relating to the future, and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking statements include, but are not limited to, statements relating to management\u2019s guidance on revenue and Adjusted EBITDA, expectations regarding demand for the Company\u2019s Products and Services, supply chain dynamics, foreign exchange impacts, cash flows, and other statements that are not historical facts. Words such as \u201cbelieve\u201d, \u201ccould\u201d, \u201cplan\u201d, \u201cestimate\u201d, \u201cexpect\u201d, \u201cwill\u201d, \u201cintend\u201d, \u201cmay\u201d, \u201cpotential\u201d, \u201cshould\u201d, and similar expressions are intended to identify forward-looking statements.<\/p>
\nAlthough Sangoma believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: supply chain disruptions, cost inflation, or shipping delays, the Company\u2019s ability to execute its go-to-market strategy, including expansion of subscription and cloud services, changes in customer demand, churn, or adoption of new technologies, macroeconomic and geopolitical developments, including inflation, interest rates, recessions, political instability, conflicts, trade restrictions, sanctions, or tariffs, foreign exchange fluctuations, cybersecurity risks, evolving regulatory and compliance requirements, and data sovereignty changes, the Company\u2019s ability to attract and retain key employees, changes in technology, including the impacts of artificial intelligence, automation, or other innovations that could alter competitive dynamics; and the risks and uncertainties described in the Company\u2019s most recently filed Annual Information Form for the fiscal year ended June 30, 2025.<\/p>
\nForward-looking statements are based on the opinions, estimates, and assumptions of management as of the date of this press release and are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are based will occur. Except as required by applicable securities laws, Sangoma undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.<\/p>
\nOur guidance is based on the Company\u2019s assessment of numerous material assumptions, including but not limited to the following:<\/p>
\nOperational & Supply Chain<\/i><\/p>\n- \nThe Company\u2019s ability to effectively manage ongoing supply chain dynamics, including securing necessary electronic components and parts, contract manufacturers delivering finished products on schedule, and no material increases in the cost of components, labor, or logistics.<\/li>\n
- \nShipping lanes and freight services remaining available without significant delay or cost escalation.<\/li>\n
- \nTariffs, trade restrictions, and import duties applicable to the Company's hardware products manufactured outside the United States and imported for sale in the US market not increasing materially beyond current levels, and no introduction of new trade restrictions or regulatory barriers that would further impact the Company's hardware cost structure, product pricing, or demand environment.<\/li>\n<\/ul>
\nGo-to-Market & Revenue<\/i><\/p>\n- \nThe successful execution of the Company\u2019s go-to-market transformation and related initiatives, including expansion of sales capacity, improved channel enablement, and increasing customer adoption of subscription-based services.<\/li>\n
- \nRevenue trends consistent with those observed in Fiscal 2025 to date, adjusted for anticipated market conditions in Fiscal 2026.<\/li>\n
- \nContinued customer demand for both Services and Products, supported by stable renewal rates, new logo acquisition, and expansion within the existing customer base.<\/li>\n
- \nThe Company\u2019s internal sales force and channel partners delivering forecasted revenue in line with management expectations.<\/li>\n
- \nInternational revenue remaining stable and not subject to material disruption as a result of ongoing geopolitical conflicts, including instability in the Middle East and surrounding regions, which has introduced uncertainty in certain international markets and may affect customer purchasing decisions, deal timing, and the Company's ability to close opportunities in affected geographies.<\/li>\n<\/ul>
\nMarket & Macroeconomic Environment<\/i><\/p>\n- \nContinued expansion of the global UCaaS and cloud communications markets, supported by ongoing digital transformation and hybrid work adoption.<\/li>\n
- \nGeneral macroeconomic conditions not deteriorating beyond currently anticipated levels, including inflation, interest rates, recessions, geopolitical conflicts, political instability, or government fiscal constraints.<\/li>\n<\/ul>
\nCustomers & Ecosystem<\/i><\/p>\n- \nCustomers maintaining their business operations and technology investment levels without significant disruption that would materially reduce demand for the Company\u2019s Products or Services.<\/li>\n
- \nStable or growing demand from key verticals, including SMB, enterprise, and channel-driven markets.<\/li>\n
- \nThe ability of customers and partners to adapt to evolving regulatory, security, and compliance requirements without negatively impacting purchase cycles.<\/li>\n<\/ul>
\nCurrency & Financial<\/i><\/p>\n- \nForeign exchange rates remain within a range that does not materially impact reported results.<\/li>\n
- \nAccess to capital and credit markets remains available on reasonable terms, with no material change in financing costs.<\/li>\n<\/ul>
\nTalent & Execution<\/i><\/p>\n- \nThe Company\u2019s continued ability to attract, develop, and retain key employees necessary to support growth and innovation.<\/li>\n
- \nNo significant labor disruptions, attrition spikes, or challenges in securing specialized talent in technology, sales, or operations.<\/li>\n
- \nExecution of planned product roadmaps and technology enhancements on time and within budget.<\/li>\n<\/ul>
\nNon-IFRS Measures and Reconciliation of Non-IFRS Measures<\/b><\/p>
\nThis press release contains references to non-IFRS measures. These measures are used by management to evaluate the performance of the Company and do not have any meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other reporting issuers. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of our results of operations from management\u2019s perspective should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. These non-IFRS measures are used to provide investors with alternative measures of our operating performance and liquidity and thus highlight trends in our business that may not otherwise be apparent when relying solely on IFRS measures. We also believe that securities analysts, investors and other interested parties frequently use non-IFRS measures to compare issuers. Management also uses non-IFRS measures to facilitate operating performance comparisons from period to period, the preparation of annual operating budgets and forecasts and to determine components of executive compensation. The non-IFRS measures referred to in this press release include \u201cAdjusted EBITDA\u201d and \u201cFree Cash Flow\u201d.<\/p>
\n\u201cAdjusted EBITDA\u201d means earnings before income taxes, interest expense (net), share-based compensation, depreciation (including for right-of-use assets), amortization, restructuring and business integration costs, goodwill impairment, change in fair value of consideration payable and loss on sale divestiture of subsidiary.<\/p>
\nThe IFRS measure most directly comparable to Adjusted EBITDA presented in our financial statements is net income (loss).<\/p>
\nThe following table reconciles Adjusted EBITDA to net income (loss) for the periods indicated:<\/p>
\n\n\nin US $000<\/b><\/p><\/td> | \nThree month periods ended<\/b><\/p> \nMarch 31<\/b><\/p><\/td> | \nNine month periods ended<\/b><\/p> \nMarch 31<\/b><\/p><\/td><\/tr>\n\n\n\u00a0<\/p><\/td> | \n2026<\/b><\/p><\/td> | \n2025<\/p><\/td> | \nChange<\/p><\/td> | \nChange<\/p><\/td> | \n2026<\/b><\/p><\/td> | \n2025<\/p><\/td> | \nChange<\/p><\/td> | \nChange<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n$<\/p><\/td> | \n$<\/p><\/td> | \n%<\/p><\/td> | \n$<\/b><\/p><\/td> | \n$<\/p><\/td> | \n$<\/p><\/td> | \n%<\/p><\/td><\/tr>\n | \n\nNet loss<\/p><\/td> | \n(2,335)<\/b><\/p><\/td> | \n(1,428)<\/p><\/td> | \n(907)<\/p><\/td> | \n64%<\/p><\/td> | \n(6,668)<\/b><\/p><\/td> | \n(5,219)<\/p><\/td> | \n(1,449)<\/p><\/td> | \n28%<\/p><\/td><\/tr>\n | \n\nTax recovery<\/p><\/td> | \n(586)<\/b><\/p><\/td> | \n(281)<\/p><\/td> | \n(305)<\/p><\/td> | \n109%<\/p><\/td> | \n(1,448)<\/b><\/p><\/td> | \n(898)<\/p><\/td> | \n(550)<\/p><\/td> | \n61%<\/p><\/td><\/tr>\n | \n\nInterest expense (net)<\/p><\/td> | \n450<\/b><\/p><\/td> | \n871<\/p><\/td> | \n(421)<\/p><\/td> | \n(48)%<\/p><\/td> | \n1,575<\/b><\/p><\/td> | \n3,354<\/p><\/td> | \n(1,779)<\/p><\/td> | \n(53)%<\/p><\/td><\/tr>\n | \n\nShare-based compensation<\/p><\/td> | \n431<\/b><\/p><\/td> | \n517<\/p><\/td> | \n(86)<\/p><\/td> | \n(17)%<\/p><\/td> | \n1,790<\/b><\/p><\/td> | \n2,283<\/p><\/td> | \n(493)<\/p><\/td> | \n(22)%<\/p><\/td><\/tr>\n | \n\nDepreciation of property and equipment<\/p><\/td> | \n820<\/b><\/p><\/td> | \n982<\/p><\/td> | \n(162)<\/p><\/td> | \n(16)%<\/p><\/td> | \n2,529<\/b><\/p><\/td> | \n3,073<\/p><\/td> | \n(544)<\/p><\/td> | \n(18)%<\/p><\/td><\/tr>\n | \n\nDepreciation of right-of-use assets<\/p><\/td> | \n366<\/b><\/p><\/td> | \n640<\/p><\/td> | \n(274)<\/p><\/td> | \n(43)%<\/p><\/td> | \n1,134<\/b><\/p><\/td> | \n1,971<\/p><\/td> | \n(837)<\/p><\/td> | \n(42)%<\/p><\/td><\/tr>\n | \n\nAmortization of intangibles<\/p><\/td> | \n7,974<\/b><\/p><\/td> | \n8,199<\/p><\/td> | \n(225)<\/p><\/td> | \n(3)%<\/p><\/td> | \n24,138<\/b><\/p><\/td> | \n24,596<\/p><\/td> | \n(458)<\/p><\/td> | \n(2)%<\/p><\/td><\/tr>\n | \n\nRestructuring and business integration costs<\/p><\/td> | \n355<\/b><\/p><\/td> | \n272<\/p><\/td> | \n83<\/p><\/td> | \n31%<\/p><\/td> | \n1,057<\/b><\/p><\/td> | \n514<\/p><\/td> | \n543<\/p><\/td> | \n106%<\/p><\/td><\/tr>\n | \n\nAdjusted EBITDA<\/p><\/td> | \n7,475<\/b><\/p><\/td> | \n9,772<\/p><\/td> | \n(2,297)<\/p><\/td> | \n(24)%<\/p><\/td> | \n24,107<\/b><\/p><\/td> | \n29,674<\/p><\/td> | \n(5,567)<\/p><\/td> | \n(19)%<\/p><\/td><\/tr>\n | \n\nAEBITDA as a % of revenue<\/p><\/td> | \n15%<\/b><\/p><\/td> | \n17%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(2)%<\/p><\/td> | \n16%<\/b><\/p><\/td> | \n17%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1)%<\/p><\/td><\/tr>\n<\/table> \n\"Free Cash Flow\" means cash provided by operating activities less cash used for purchases of property and equipment and capitalized development costs.<\/p> \nThe IFRS measure most directly comparable to Free Cash Flow presented in our financial statements is net cash provided by operating activities.<\/p> \nThe following table reconciles Free Cash Flow to net cash provided by operating activities for the periods indicated:<\/p> \n\n\nin US $000<\/b><\/p><\/td> | \nThree month periods ended<\/b><\/p> \nMarch 31<\/b><\/p><\/td> | \nNine month periods ended<\/b><\/p> \nMarch 31<\/b><\/p><\/td><\/tr>\n\n\n\u00a0<\/p><\/td> | \n2026<\/b><\/p><\/td> | \n2025<\/p><\/td> | \nChange<\/p><\/td> | \nChange<\/p><\/td> | \n2026<\/b><\/p><\/td> | \n2025<\/p><\/td> | \nChange<\/p><\/td> | \nChange<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n$<\/p><\/td> | \n$<\/p><\/td> | \n%<\/p><\/td> | \n$<\/b><\/p><\/td> | \n$<\/p><\/td> | \n$<\/p><\/td> | \n%<\/p><\/td><\/tr>\n | \n\nNet cash provided by operating activities<\/p><\/td> | \n5,975<\/b><\/p><\/td> | \n10,620<\/p><\/td> | \n(4,645)<\/p><\/td> | \n(44)%<\/p><\/td> | \n21,044<\/b><\/p><\/td> | \n34,660<\/p><\/td> | \n(13,616)<\/p><\/td> | \n(39)%<\/p><\/td><\/tr>\n | \n\nPurchase of property and equipment<\/p><\/td> | \n(900)<\/b><\/p><\/td> | \n(622)<\/p><\/td> | \n(278)<\/p><\/td> | \n45%<\/p><\/td> | \n(1,563)<\/b><\/p><\/td> | \n(1,569)<\/p><\/td> | \n6<\/p><\/td> | \n\u2014%<\/p><\/td><\/tr>\n | \n\nDevelopment costs<\/p><\/td> | \n(1,498)<\/b><\/p><\/td> | \n(1,643)<\/p><\/td> | \n145<\/p><\/td> | \n(9)%<\/p><\/td> | \n(4,636)<\/b><\/p><\/td> | \n(4,938)<\/p><\/td> | \n302<\/p><\/td> | \n(6)%<\/p><\/td><\/tr>\n | \n\nFree Cash Flow<\/b><\/p><\/td> | \n3,577<\/b><\/p><\/td> | \n8,355<\/p><\/td> | \n(4,778)<\/p><\/td> | \n(57)%<\/p><\/td> | \n14,845<\/b><\/p><\/td> | \n28,153<\/p><\/td> | \n(13,308)<\/p><\/td> | \n(47)%<\/p><\/td><\/tr>\n<\/table> \n\u00a0<\/p> Contacts<\/b> \nSangoma Technologies Corporation\nLarry Stock\nChief Financial Officer\ninvestorrelations@sangoma.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"Growth in Communications Infrastructure Supports Long-Term Platform Strategy as Sangoma Updates Fiscal 2026 Outlook and Announces Strategic Review\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 TORONTO–(BUSINESS WIRE)–Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) (\u201cSangoma\u201d…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5524","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/5524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5524"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/5524\/revisions"}],"predecessor-version":[{"id":5525,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/5524\/revisions\/5525"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} 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