Q: How do you view Sangoma's most recent quarterly results?
5i Research Answer:
Loss of 2c per share beat estimates of -5.4c. Revenue of $62.7M matched estimates. EBITDA of $12.2M beat estimates by 2%. Sales rose 18%, EBITDA rose 17%. Service growth was good but product revenue declined. Margins improved two points. Guidance was narrowed but with only a fractional decline in expectations. Considering conditions we would consider it a decent quarter. It should come close to break-even in 2024.