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  5. STC: This news release yesterday. [Sangoma Technologies Corporation]
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Q: This news release yesterday.
What does it clarify?

Asked by Herm on September 24, 2021
5i Research Answer:

Due to global disruptions and supply-chain issues caused by the pandemic, in February of 2020 Sangoma management made an update to its previous guidance from late 2019. Most recently in August, management noted that it expects the results for FY2020 to be in the upper range of previously stated guidance. The press release from yesterday is simply clarifying that management's letter in August stating that results should be in the upper range of its guidance is ensuring that investors are aware that they are referring to the updated guidance from February 2020, rather than the original guidance from late 2019.