SANG - Sangoma Technologies Corporation (SANG) Q3 2024 Earnings Call Transcript
2024-05-12 11:48:07 ET
Sangoma Technologies Corporation (SANG)
Q3 2024 Earnings Conference Call
May 8, 2024 17:30 ET
Company Participants
Samantha Reburn - Chief Legal Officer
Charles Salameh - Chief Executive Officer
Jeremy Wubs - Chief Operating Officer & Chief Marketing Officer
Larry Stock - Chief Financial Officer
Conference Call Participants
Gavin Fairweather - Cormark
Max Ingram - Canaccord Genuity
Mike Latimore - Northland Capital Markets
David Kwan - TD Securities
Presentation
[Call starts abruptly]
Samantha Reburn
…and we will make it available on our website for anyone who is unable to join us live. I'm here today with Charles Salameh, Sangoma's Chief Executive Officer; Jeremy Wubs, Chief Operating and Marketing Officer; and Larry Stock, Chief Financial Officer, to take you through the results of the third quarter of fiscal year 2024 which ended on March 31, 2024. We will discuss the press release that was distributed earlier today together with the company's financial statements and MD&A which are available on SEDAR+, EDGAR and our website. As a reminder, Sangoma reports under International Financial Reporting Standards, IFRS. And during the call, we may refer to terms such as adjusted EBITDA which is a non-IFRS measure but is defined in our MD&A.
Before we start, I'd like to remind you that the statements made during the course of this call that are not purely historical are forward-looking statements regarding the company or management's intentions, estimates, plans, expectations and strategies for the future. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results may differ materially from those projected in the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are discussed in the accompanying MD&A, our annual information form and the company's annual audited financial statements posted on SEDAR+, EDGAR and our website.
With that, I'll hand the call over to Charles.
Charles Salameh
Thank you, Sam and good afternoon to everyone listening in. We really appreciate you taking the time to join us and for your support and interest in Sangoma. On the call with me today are Jeremy Wubs, Sangoma's Chief Operating Officer; and Larry Stock, our Chief Financial Officer.
During the fiscal third quarter, we maintained strong momentum in all major areas of our transformation efforts, consistent with the updates that I provided in our Q2 earnings call. We remain confident in our transformation strategy to unlock value through integration, strong fiscal management and pivoting the company to scalable growth, setting the stage, the next phase of our evolution. Underpinning this has been a laser focus on maintaining a robust balance sheet with effective cost management which keeps us on track for the financial targets we set for this fiscal year and provides optionality in how we manage our capital allocation and our growth initiatives.
Our third quarter financial highlights include Q3 revenues of $61 million, adjusted EBITDA of $11 million, adjusted EBITDA margins of 18% and $15.5 million in net cash generated from operating activities....
Sangoma Technologies Corporation (SANG) Q3 2024 Earnings Call Transcript