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SANG - Sangoma Technologies: Gushing Cash Flows And Industry Tailwinds
Sangoma Technologies Corporation
2025-10-18 16:48:37 ET
Background
Sangoma Technologies (SANG/STC:CA) was a high-flying unified communications as a service (UCaaS) company in the past, growing revenue from $21 million in fiscal 2017 to $224 million in fiscal 2022. During this period, the company made 11 acquisitions , largely financed by its expensive stock and without proper integration. When the industry started to slow in 2022 and growth at Sangoma normalized, its stock price crumbled and profitability took a hit....