A virtual press conference from Sound & Video Contractor

SANGOMA RELEASES HIGHLIGHTS OF ITS AUDITED RESULTS FOR THE FINANCIAL YEAR 2006 – 2007

Record sales of $8,223,216 result in 80% growth in net income to $1,817,405

MARKHAM, ONTARIO, October 29, 2007 – Sangoma Technologies Corporation (TSXV: STC), the premium provider of telephony and network hardware and software products supporting telephony, wide area networks and Internet infrastructure, today released highlights of its results for the financial year ending June 30, 2007.

2006 – 2007 2005 – 2006 Increase
Sales $8.22 Million $4.78 Million 72%
Net income before provision for income taxes $2.83 Million $1.50 Million 89%
Earnings before provision for income taxes $1.82 Million $1.01 Million 80%
Net earnings per share (undiluted): $0.07 $0.04 77%

Both sales and net earnings represent all time records for the company.

The company finished the financial year with working capital of $5.29 million, compared to $2.84 million in the prior year, an increase of 86%.

“Sangoma‘s reputation for quality and reliability is continuing to drive record results,” says Sangoma Technologies President and CEO, David Mandelstam. “Sales have continued to show strong growth every quarter, as we continue to expand our channels, and despite the rise in the Canadian Dollar.”

About Sangoma Technologies Corporation
Founded in 1984, Sangoma Technologies Corporation is a leading provider of connectivity hardware and software products for telephony and wide area network solutions. The company develops and manufactures voice and data communication products including the industry-leading series of Advanced Flexible Telecommunications (AFT) PCI cards. Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSXV: STC – News). Additional information on Sangoma can be found at: www.sangoma.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
###

Contact:
Kathleen Reed
Marketing Director
Sangoma Technologies Corporation
(905) 474-1990 ext 115
kathleen@sangoma.com

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

Related Topics: News

Clay Paky Sharpy Washes and grandMA2 Consoles Turn in Winning Performances at the “Miss America Pageant”
Registration for the 21st HPA Tech Retreat Now Open
Louisville Football Stadium Delivers High-Impact Game Experience with Meyer Sound LEO
Meyer Sound Gives Voices to Global Dissidents in @Large: Ai Weiwei on Alcatraz
Hollywood Post Alliance to Honor Alan Heim, ACE, and Randy Roberts, ACE, with Lifetime Achievement Awards
Antelope Audio Zen Studio Professional Portable Audio Interface Receives Outstanding Technical Achievement Nomination for 30th Annual TEC Awards
FOR-A Brings Switchers, Multi-Viewers, Encoding/Decoding, and Signal Processing Solutions to CAPER 2014
Riedel Communications CCW Expo 2014 Product Preview
Factor Audio Doubles Down on HARMAN’s Soundcraft Si Expression 3 Consoles For Theater Gigs
Wohler Names Key Code Media a U.S. Distributor for Tachyon Wormhole Retiming Solution

About

Stay up to date on the latest technology news. Select press representatives post company news several times a day. Check back often to get the latest news on product releases, mergers and acquisitions, and product applications. To be included in this virtual press conference, please contact The Wire.

Calendar

October 2007
M T W T F S S
« Sep   Nov »
1234567
891011121314
15161718192021
22232425262728
293031  

Your Account

Subscribe

Subscribe to RSS Feed

Subscribe to MyYahoo News Feed

Subscribe to Bloglines

Google Syndication