Sangoma Technologies Corporation logo SANG - Sangoma Technologies Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 1
HOLD 1
SELL 0
STRONG
SELL
0
| PRICE TARGET: $4.00 DETAILS
HIGH: $4.00
LOW: $4.00
MEDIAN: $4.00
CONSENSUS: $4.00
UPSIDE: 10.50%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Revenue
Revenue 322.5 338.2 334.5 288.9 224.4 96.2 83.5 43.6 20.7 16.4 13.1 13.0 12.3 13.5 12.2 11.9 9.6 12.1 7.7 4.3 2.8 1.9 2.3 1.7 2.0 0.7 0.1 0.1 0.2
Cost of Revenue 102.1 101.8 105.6 86.9 67.5 34.1 32.6 20.1 7.2 5.2 4.3 4.3 4.2 4.2 3.1 3.1 2.5 3.8 2.2 1.2 0.7 0.5 0.6 0.5 0.8 0.3 0 0.1 0.1
Gross Profit 220.4 236.4 228.9 202.0 156.9 62.2 50.9 23.5 13.5 11.1 8.8 8.7 8.1 9.3 9.1 8.8 7.1 8.4 5.5 3.1 2.1 1.4 1.6 1.2 1.2 0.4 0 0.1 0.1
Operating Expenses
R&D Expenses 57.4 54.1 49.6 44.0 34.2 17.5 15.8 5.9 4.0 3.6 2.8 2.4 2.7 2.8 2.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 120.0 138.2 138.2 165.1 128.3 37.2 29.5 14.3 8.4 7.2 5.5 5.4 5.6 5.9 5.0 4.2 3.4 3.2 2.1 1.3 1.0 0.8 0.8 0.6 1.5 0.3 0.1 0.1 0.4
Other Expenses 44.6 45.6 45.0 0 0 0 0 0 0 0 0 0 0 (0.4) 2.2 1.7 1.1 0.1 0.0 0.0 0.3 0.3 0.3 0.2 0.3 0.1 0 0 0
Operating Expenses 222.1 237.8 232.8 209.1 162.4 54.7 45.3 20.2 12.4 10.8 8.3 7.8 8.3 8.3 9.3 5.9 4.5 3.3 2.2 1.3 1.3 1.1 1.1 0.8 1.8 0.3 0.1 0.1 0.4
Operating Income
Operating Income (1.7) (1.5) (3.9) (7.1) (5.5) 7.5 5.6 3.3 1.1 0.3 0.5 0.8 (0.2) 1.0 (0.1) 2.8 2.6 5.1 3.3 1.7 0.8 0.3 0.5 0.4 (0.5) 0.1 0 (0.1) (0.2)
Interest Expense 5.8 9.1 9.0 5.0 5.0 1.9 1.1 0.2 0.1 0.1 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0.3 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0 0 0.0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 58.5 57.9 26.4 (78.8) (61.2) 14.7 8.4 6.0 3.0 2.2 2.4 2.7 1.9 2.9 (0.7) 4.2 3.7 5.7 3.8 2.1 1.1 0.6 0.8 0.6 (0.3) 0.1 0 (0.1) (0.2)
EBIT (2.8) (3.9) (33.4) (129.4) (100.5) 5.6 3.2 3.2 1.0 0.3 0.5 0.9 (0.2) 0.8 (4.1) 2.8 2.6 5.1 3.3 1.7 0.8 0.3 0.5 0.4 (0.5) 0.1 0 (0.1) (0.2)
Income Before Tax (8.6) (13.0) (42.3) (134.4) (104.4) 3.7 2.2 3.0 0.9 0.2 0.5 0.9 (4.6) 0.8 (4.1) 2.8 3.5 4.6 2.7 1.3 0.8 0.3 0.5 0.4 (0.8) 0 0 0 0
Income Tax Expense (1.8) (1.1) (3.9) 8.2 6.4 0.9 1.0 1.1 0.3 0.1 0.3 0.2 (0.5) 0.4 (0.2) 0.3 1.3 1.7 0.9 0.4 0.2 0.1 (0.1) (0.1) (0.0) 0 0 0 0
Net Income (6.8) (11.8) (38.5) (142.6) (110.8) 2.9 1.2 1.9 0.6 0.1 0.2 0.7 (4.1) 0.4 (3.9) 2.5 2.1 2.9 1.7 0.9 0.5 0.2 0.6 0.4 (0.7) 0.1 (0.1) (0.2) (0.3)
Per Share Data
EPS (Basic) -0.21 -0.35 -1.17 -4.45 -3.83 0.38 0.21 0.46 0.17 0.02 0.06 0.18 -1.03 0.10 -0.90 0.61 0.60 0.70 0.49 0.25 0.11 0.05 0.16 0.11 -0.18 0.05 -0.18 -0.20 -0.41
EPS (Diluted) -0.21 -0.35 -1.17 -4.45 -3.80 0.37 0.20 0.32 0.16 0.02 0.06 0.18 -1.03 0.10 -0.90 0.59 0.57 0.70 0.42 0.25 0.11 0.05 0.16 0.11 -0.18 0.05 -0.18 -0.20 -0.41
Shares Outstanding 33.5 33.2 33.1 31.5 28.9 10.2 7.3 5.4 4.6 4.6 4.4 4.1 4.2 4.2 4.3 4.2 4.2 4.0 4.0 3.9 3.9 3.9 3.9 3.9 4.0 4.0 0.7 1.1 0.7
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Current Assets
Cash & Cash Equivalents 13.5 16.2 11.2 12.7 22.1 20.0 8.9 12.0 5.2 1.6 2.0 4.7 3.8 4.9 9.1 7.3 5.9 6.1 2.9 1.3 0.8 0.7 0.8 0.4 0.3 0 0 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0.0 0.0 0.0 4.6 3.3 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 17.0 21.5 27.1 25.2 16.1 8.7 9.2 5.5 3.0 3.5 5.3 5.3 5.0 5.2 3.8 2.6 1.8 1.9 1.4 0.8 0.5 0.3 0.2 0.3 0.2 0 0 0.1 0.1
Inventory 8.2 14.8 18.0 17.4 11.8 9.3 8.5 5.1 3.5 3.0 3.2 2.4 2.9 3.0 1.5 1.6 1.4 2.0 1.4 0.8 0.4 0.3 0.4 0.3 0.5 0 0 0 0.1
Other Current Assets 3.9 4.6 5.6 5.0 6.3 1.7 1.5 1.4 0.0 0.4 (0.5) 0.1 0.1 0.3 0 0 0 0 0 0 0 0 0 0 0.0 2.5 0 0 0
Total Current Assets 42.6 57.1 61.6 61.0 53.3 39.7 28.1 24.0 11.7 8.5 9.9 12.6 11.8 13.4 14.4 11.6 9.3 10.2 5.9 3.0 1.7 1.4 1.4 1.0 1.0 2.5 0 0.1 0.1
Non-Current Assets
Property, Plant & Equipment 13.6 18.6 22.3 27.2 21.2 14.1 1.8 0.7 0.4 0.5 0.4 0.3 0.3 2.6 0.5 0.4 0.4 0.4 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0 0 0
Goodwill 186.8 187.5 187.5 210.0 267.3 32.3 16.3 3.9 1.3 1.3 1.4 0 0 3.5 3.1 5.3 4.8 5.4 5.2 5.0 0 0 0 0 0 0 0 0 0
Intangible Assets 99.6 131.9 164.0 194.2 195.4 38.6 24.1 10.0 6.4 6.2 6.5 3.5 3.5 2.6 2.1 3.6 3.6 0 0 0.5 4.5 4.2 4.1 3.7 6.3 6.6 0 0.1 0.1
Long-Term Investments 0 0 3.7 3.3 1.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 2.2 3.2 0.4 (0.0) (0.2) 0.3 0 0 0 0 0 0 0 0 2.0 2.0 0.9 0.7 0.5 0.4 0.4 0.3 0.3 0.2 0.3 0.1 0 0 0
Total Non-Current Assets 303.9 343.5 381.1 437.5 486.8 89.2 45.4 15.2 9.3 9.1 9.3 4.7 4.7 8.7 7.7 11.3 9.7 6.5 5.9 6.0 5.6 5.2 5.1 4.2 6.8 6.8 0 0.1 0.1
Total Assets 346.5 400.6 442.7 498.5 540.1 129.0 73.4 39.2 21.0 17.6 19.3 17.3 16.5 22.1 22.1 23.0 19.1 16.7 11.8 9.0 7.3 6.5 6.5 5.3 7.8 9.2 0 0.1 0.2
Current Liabilities
Account Payables 15.6 21.4 24.1 28.6 22.4 10.4 14.6 7.4 2.9 2.4 2.4 1.7 1.5 2.1 1.5 1.2 0.8 0.7 0.6 0.4 0.2 0.1 0.1 0.0 0.1 0 0.2 0.1 0.1
Short-Term Debt 20.6 19.9 17.7 17.7 14.6 12.4 3.0 0.8 3.9 1.3 1.3 0 0.0 0.0 0.0 0.0 0.0 0 0 0 0 0.2 0.2 0.1 0.0 0 0.1 0.1 0.1
Deferred Revenue 7.0 9.6 10.9 11.6 11.4 7.9 8.2 2.1 0.6 0.4 0.3 0.3 0.1 0.0 0.1 0.1 0.1 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0.2 0.4 0.2 0.2 0.8 1.1 (1.8) (0.8) (1.3) 0.1 0.3 (0.0) 0.0 0.1 (0.0) 0.9 0.8 0.7 0.3 0.1 0.1 0.0 0.1 0 0.3 1.1 0 0 0.1
Total Current Liabilities 49.5 60.1 63.2 78.4 55.1 36.5 24.0 9.5 6.1 4.5 6.0 1.9 1.7 2.2 1.6 2.2 2.4 1.4 0.9 0.5 0.3 0.3 0.3 0.2 0.4 1.1 0.3 0.2 0.3
Non-Current Liabilities
Long-Term Debt 27.3 58.0 83.1 86.9 60.4 24.6 14.3 3.5 0 0 0 0 0 0.0 0.1 0.1 0.1 0 0 0 0 0 0 0 0.0 0 0 0 0
Deferred Tax Liabilities 4.3 9.9 14.3 16.7 24.8 0 0 0 0 0 0 0 0 0.3 0.5 0 0 0.4 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1.8 1.3 0.8 4.9 7.7 0 0 0 0 0 0 0 0 0 0 0.0 0.8 0 0 0 0 0 0 0 0 0 0 0 0
Total Non-Current Liabilities 42.9 80.8 113.4 126.3 109.0 37.6 17.6 2.9 0 0 0 0 0 0.3 0.6 0.1 0.9 0.4 0 0 0 0 0 0.0 0.0 0 (0.1) 0 0
Total Liabilities 92.3 140.9 176.6 204.7 164.1 74.1 41.6 12.3 6.1 3.5 4.8 1.9 1.7 2.5 2.2 2.3 3.3 1.9 0.9 0.5 0.3 0.3 0.3 0.2 0.5 1.1 0.2 0.2 0.3
Stockholders' Equity
Common Stock 380.1 381.0 379.9 203.0 172.5 47.4 26.6 22.7 16.5 16.5 16.5 15.3 15.2 0 0 0 0 0 0 13.1 0 0 0 0 0 0 0 0 0
Retained Earnings (146.9) (141.9) (133.3) (104.2) 6.5 6.2 3.4 2.2 0.5 (0.3) (0.4) (0.7) (1.4) 2.9 2.6 6.0 3.1 1.1 (1.7) (3.7) (3.6) (3.5) (3.4) (3.4) (1.2) (0.5) (0.6) (0.6) (0.4)
Accumulated Other Comprehensive Income 0.1 0.6 1.3 0.8 (0.3) (0.6) (0.0) 0.0 0.0 (0.0) 0 0 0 0 0 0 0 0 0 0 0.1 0 0 0 0 0 0 0 0
Total Stockholders' Equity 254.2 259.7 266.1 293.8 376.0 54.9 31.9 35.3 19.3 18.2 18.0 16.4 14.8 19.6 19.9 20.9 15.7 14.9 10.9 9.5 7.0 6.2 6.2 5.1 7.3 8.2 (0.2) (0.1) (0.1)
Total Liabilities & Equity 346.5 400.6 442.7 498.5 540.1 129.0 73.4 39.2 21.0 17.6 19.3 17.3 16.5 22.1 22.1 23.0 19.1 16.7 11.8 9.0 7.3 6.5 6.5 5.3 7.8 9.2 0 0.1 0.2
Debt Metrics
Total Debt 56.1 89.1 115.2 122.6 89.2 49.2 17.3 3.5 3.9 1.0 1.1 0 0.0 0.1 0.1 0.1 0.1 0 0 0 0 0.2 0.2 0.2 0.0 0 0.1 0.1 0.1
Net Debt 42.6 72.9 104 109.9 67.1 29.3 8.4 (8.5) (1.3) (0.6) (0.9) (4.7) (3.8) (4.9) (9.0) (7.2) (5.8) (6.1) (2.9) (1.3) (0.8) (0.6) (0.6) (0.3) (0.3) 0 0.1 0.1 0.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Operating Activities
Net Income (5.0) (8.7) (29.0) (110.8) (110.8) 3.9 1.2 1.9 0.6 0.1 0.2 0.7 (4.1) 0.4 (3.8) 2.4 2.1 2.9 1.7 0.9 0.5 0.2 0.6 0.4 (0.7) 0.1 (0.1) (0.2) (0.3)
Depreciation & Amortization 45.0 45.2 45.1 39.4 39.4 12.5 5.1 2.8 2.0 1.8 1.9 1.8 2.1 2.1 3.3 1.3 1.1 0.6 0.5 0.4 0.3 0.3 0.3 0.2 0.3 0 0 0 0
Stock-Based Compensation 2.9 3.0 3.1 9.9 9.9 0.4 0.3 0.1 0.2 0.1 0.1 0.1 0.2 0.4 0.2 0.1 0.1 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 1.9 3.9 (6.8) (13.3) (13.3) 0.6 1.6 (0.5) 0.9 1.0 (0.4) 0.2 (0.1) (3.6) (0.5) (1.0) 0.8 (0.6) (0.7) (0.5) (0.2) (0.0) 0.2 0.0 (0.6) 0 0 0.1 0.1
Other Non-Cash Items (1.8) 1.7 17.0 89.5 89.5 (5.5) (0.5) (0.1) (0.0) 0.0 0.6 0.0 4.4 0 4.0 0.2 0 0.3 0.2 0 0.0 0 0 0 0.2 0.1 0.1 0.1 0
Operating Cash Flow 41.8 44.2 26.5 21.1 21.1 11.9 8.7 5.3 4.0 3.3 2.7 3.0 2.0 0.7 2.8 3.1 3.6 3.8 2.1 0.9 0.8 0.5 1.0 0.7 (0.8) 0.2 (0.1) (0.1) (0.2)
Investing Activities
Capital Expenditure (8.8) (10.9) (11.3) (5.1) (5.1) (0.6) (1.9) (1.5) (1.8) (2.1) (2.0) (2.1) (2.7) (2.7) (0.2) (0.2) (0.1) (0.3) (0.1) (0.7) 0 (0.0) (0.0) (0.0) (0.1) 0 0 0 0
Acquisitions 0 0 0 (50.7) (50.7) (39.3) (23.9) (6.9) (0.3) 0 (3.8) 0 0 (1.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (6.4) (6.8) (7.2) (3.2) (3.2) (2.0) (0.4) (0.1) (0.2) (1.4) 0 0 0 0 (1.2) (2.3) (2.6) (0.7) (0.5) 0.4 (0.3) (0.4) (0.5) (0.4) (0.3) 0 0 0 0
Investing Cash Flow (8.8) (10.9) (11.3) (55.8) (55.8) (41.9) (26.2) (8.5) (2.3) (3.6) (5.8) (2.1) (2.7) (4.2) (1.4) (2.0) (2.7) (1.0) (0.6) (0.4) (0.3) (0.4) (0.5) (0.4) (0.4) 0 0 0 0
Financing Activities
Net Debt Issuance (32.8) (26.2) (7.9) 26.3 26.3 22.9 18.2 0.5 2.0 0 1.1 (0.0) (0.0) (0.0) (0.0) 0 0 0 0 0 0 (0.0) (0.0) (0.1) 0.0 0 0 0 0
Stock Repurchased (2.8) 0 (0.6) 0 0 0 0 0 0 0 0 0 (0.2) (0.2) (0.3) (0.0) 0 0 0 (0.0) (0.2) 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.3) (0.2) (0.2) (0.2) 0 0 0 0 0 0
Other Financing Activities 0 (2.1) (8.3) (0.9) (0.9) 22.3 (0.0) 0.3 (0.0) 0 0.3 0 0.0 0.0 0 0 (0.3) 0 0 (0.0) 0 0 0 0 0.3 0 0.1 0 (0.1)
Financing Cash Flow (35.7) (28.3) (16.8) 25.4 25.4 45.2 19.0 10.0 2.0 0 1.3 (0.0) (0.2) (0.2) (0.3) (0.0) (0.3) 0.2 0.1 (0.1) (0.4) (0.2) (0.2) (0.1) 0.3 0.1 0.1 0.1 (0.1)
Cash Position
Net Change in Cash (2.7) 5.1 (1.5) (9.4) (9.4) 15.5 (3.1) 6.9 3.6 (0.3) (2.0) 0.9 (1.0) (3.7) 1.1 0.8 0.6 3.0 1.6 0.4 0.0 (0.1) 0.3 0.1 (0.9) 0.1 0 0 (0.2)
Cash at Beginning 16.2 11.2 12.7 22.1 22.1 11.7 12.0 5.1 1.6 1.9 4.0 3.8 4.8 8.6 8.0 6.5 5.3 3.0 1.3 0.9 0.8 0.8 0.5 0.3 1.2 (0.1) (0.1) (0.1) 0.1
Cash at End 13.5 16.2 11.2 12.7 12.7 27.2 8.9 12.0 5.2 1.6 2.0 4.7 3.8 4.9 9.1 7.3 5.9 6.1 2.9 1.3 0.8 0.7 0.8 0.4 0.3 0.1 (0.1) (0.1) (0.1)
Free Cash Flow 32.9 33.3 15.2 16.0 16.0 11.3 6.9 3.8 2.1 1.1 0.7 0.9 (0.7) (2.0) 2.6 3.0 3.5 3.5 2.0 0.2 0.8 0.5 1.0 0.7 (0.9) 0.2 (0.1) (0.1) (0.2)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Income Statement
Revenue 322.5 338.2 334.5 288.9 224.4 96.2 83.5 43.6 20.7 16.4 13.1 13.0 12.3 13.5 12.2 11.9 9.6 12.1 7.7 4.3 2.8 1.9 2.3 1.7 2.0 0.7 0.1 0.1 0.2
Gross Profit 220.4 236.4 228.9 202.0 156.9 62.2 50.9 23.5 13.5 11.1 8.8 8.7 8.1 9.3 9.1 8.8 7.1 8.4 5.5 3.1 2.1 1.4 1.6 1.2 1.2 0.4 0 0.1 0.1
Operating Income (1.7) (1.5) (3.9) (7.1) (5.5) 7.5 5.6 3.3 1.1 0.3 0.5 0.8 (0.2) 1.0 (0.1) 2.8 2.6 5.1 3.3 1.7 0.8 0.3 0.5 0.4 (0.5) 0.1 0 (0.1) (0.2)
Net Income (6.8) (11.8) (38.5) (142.6) (110.8) 2.9 1.2 1.9 0.6 0.1 0.2 0.7 (4.1) 0.4 (3.9) 2.5 2.1 2.9 1.7 0.9 0.5 0.2 0.6 0.4 (0.7) 0.1 (0.1) (0.2) (0.3)
EPS (Diluted) -0.21 -0.35 -1.17 -4.45 -3.80 0.37 0.20 0.32 0.16 0.02 0.06 0.18 -1.03 0.10 -0.90 0.59 0.57 0.70 0.42 0.25 0.11 0.05 0.16 0.11 -0.18 0.05 -0.18 -0.20 -0.41
Balance Sheet
Cash & Equivalents 13.5 16.2 11.2 12.7 22.1 20.0 8.9 12.0 5.2 1.6 2.0 4.7 3.8 4.9 9.1 7.3 5.9 6.1 2.9 1.3 0.8 0.7 0.8 0.4 0.3 0 0 0 0
Total Assets 346.5 400.6 442.7 498.5 540.1 129.0 73.4 39.2 21.0 17.6 19.3 17.3 16.5 22.1 22.1 23.0 19.1 16.7 11.8 9.0 7.3 6.5 6.5 5.3 7.8 9.2 0 0.1 0.2
Total Debt 56.1 89.1 115.2 122.6 89.2 49.2 17.3 3.5 3.9 1.0 1.1 0 0.0 0.1 0.1 0.1 0.1 0 0 0 0 0.2 0.2 0.2 0.0 0 0.1 0.1 0.1
Stockholders' Equity 254.2 259.7 266.1 293.8 376.0 54.9 31.9 35.3 19.3 18.2 18.0 16.4 14.8 19.6 19.9 20.9 15.7 14.9 10.9 9.5 7.0 6.2 6.2 5.1 7.3 8.2 (0.2) (0.1) (0.1)
Cash Flow
Operating Cash Flow 41.8 44.2 26.5 21.1 21.1 11.9 8.7 5.3 4.0 3.3 2.7 3.0 2.0 0.7 2.8 3.1 3.6 3.8 2.1 0.9 0.8 0.5 1.0 0.7 (0.8) 0.2 (0.1) (0.1) (0.2)
Capital Expenditure (8.8) (10.9) (11.3) (5.1) (5.1) (0.6) (1.9) (1.5) (1.8) (2.1) (2.0) (2.1) (2.7) (2.7) (0.2) (0.2) (0.1) (0.3) (0.1) (0.7) 0 (0.0) (0.0) (0.0) (0.1) 0 0 0 0
Free Cash Flow 32.9 33.3 15.2 16.0 16.0 11.3 6.9 3.8 2.1 1.1 0.7 0.9 (0.7) (2.0) 2.6 3.0 3.5 3.5 2.0 0.2 0.8 0.5 1.0 0.7 (0.9) 0.2 (0.1) (0.1) (0.2)