[October 26, 2009] Sangoma Releases Audited Results for the Financial Year 2008-2009 Tweet MARKHAM, ONTARIO, Oct 26, 2009 (Marketwire via COMTEX) -- Sangoma Technologies Corporation (TSX VENTURE:STC), today released highlights of its audited financial results for the year ended June 30, 2009. 2008 - 2009 2007 - 2008 Change Sales $11.12 million $12.34 million -10% Net income before provision for income taxes $4.01 million $4.65 million -14% Net income $2.49 million $2.91 million -14% EBITDA $5.18 million $5.14 million +1% Net earnings per share (fully diluted) $0.08 $0.10 Sangoma finished the financial year with working capital of $8.97 million, as compared to $8.96 million on June 30, 2008. Cash flow during the year was positive $0.68 million, despite the cash outlay for the Paraxip purchase in July 2008. About Sangoma Technologies Corporation Sangoma is the premium provider of voice and data connectivity components for software-based communication applications. Sangoma's data cards, voice cards, gateways and connectivity software are used in leading PBX, IVR, contact center and data-communication applications worldwide. The product line represents a comprehensive toolset for deploying cost-effective, powerful, and flexible software communication applications. Founded in 1984, Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSX VENTURE:STC). Additional information on Sangoma can be found at: www.sangoma.com. SOURCE: Sangoma Technologies Corporation Sangoma Technologies Corporation Serge Forest Vice President of Marketing (514) 288-7111 Ext. 223 [email protected] www.sangoma.com [ Back To TMCnet.com's Homepage ]